Is a home purchase in the Palmetto State on your mind? If so, you should have many choices to consider. South Carolina has just over 2.3 million housing units and a homeownership rate of about 69%, according to the U.S. Census Bureau’s 2018 American Community Survey.
South Carolina’s median housing value is $170,800, which is considerably less than the national median value of $229,700. Certain areas of South Carolina have higher housing prices, while lower housing prices can be found in other areas.
U.S. News conducted an in-depth review of leading direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers in several key areas were chosen.
What Are the Mortgage Rates in South Carolina?
Home interest rates range from 3% to 4.13% in South Carolina.
What Are Today’s Mortgage Rates?
Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
This Week’s Rate
Last Week’s Rate
|30-Year Fixed Rate||3.40%||3.45%|
|15-Year Fixed Rate||2.83%||2.82%|
|30-Year Fixed Jumbo Rate||3.46%||3.53%|
|5/1 ARM Rate||3.17%||3.18%|
|5/1 ARM Jumbo Rate||2.99%||3.00%|
*Rates as of June 10, 2020.
U.S. News’ Best South Carolina Mortgage Lenders
Methodology: U.S. News conducted an in-depth review of leading direct mortgage lenders in South Carolina. Research was based on program availability, customer satisfaction ratings and qualification requirements. Because each consumer has different needs, the top finishers in several key areas were chosen.
- Mortgage types offered: Conventional, ARM, VA, FHA, USDA, refinance
- Minimum FICO credit score: 620
- Maximum debt-to-income ratio: Varies
- J.D. Power satisfaction rating: Not rated