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Pickens

Current Mortgage Rates in Pickens, South Carolina

Compare mortgage rates and fees for leading lenders in Pickens, SC. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Pickens.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pickens. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Pickens, SC as of September 22, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Pickens, SC Mortgage Rates Compare?

September 22, 2019

The current average rate for a 30 year fixed rate mortgage in Pickens is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Pickens, SC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Pickens, South Carolina?

The median home value for Pickens, SC is $169,506

The median household income for Pickens, SC is $46,718

Based on current mortgage rates and a 10% down payment, you need to make $31,449 per year to buy the median priced home in Pickens

The home price you can afford to buy based on household income in Pickens is 149% of the median home value which means housing prices are average

Pickens ranks 39 out of 46 counties in South Carolina and 2,567 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Pickens, SC is average

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Loan Limits for Pickens, South Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pickens below.

Conforming loan limits for Pickens, SC

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Pickens, SC

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Pickens, SC

1 unit: $484,350

Additional Mortgage Resources for Pickens, SC Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index