Mortgage Rates in South Carolina
30-Year Fixed mortgage rates in South Carolina are at 7.500% with 0.000% point(s), 15-Year Fixed FHA mortgage rates in South Carolina are at 6.125% with 2.000% point(s), Current South Carolina fixed rate mortgages for a 30-Year Fixed mortgage are at 7.000% with 1.000% point(s). Adjustable rates on 5/1 ARM loans in South Carolina with 0.725% point(s) are at 6.750%., Adjustable rates on 10/6 ARM loans in South Carolina with 0.000% point(s) are at 7.250%., Mortgage rates on adjustable loans include 7/1 ARM Jumbo with 0.000% point(s) in South Carolina at 6.999%.
APR / Rate
Fees and Points
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
South Carolina Mortgage Rates:
Search and compare mortgage rates and refinance rates in South Carolina. Our rate table has a list of South Carolina mortgage rates and mortgage refinance rates. You can also use our free mortgage calculator to calculate monthly mortgage payments. When you start your search for current mortgage rates in South Carolina you need to first have an understanding of the types of mortgages available and their corresponding interest rates. Types of rates available in South Carolina include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in $regionName listed below.
Mortgage Rates in South Carolina December 1, 2023
30-Year Fixed FHA
5/6M SOFR ARM
The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
South Carolina Lenders and Mortgage Brokers
List your company here at no cost: Are you a lender or mortgage broker in South Carolina? Are you interested in having your company, contact information, website and logo listed here? Contact us at to find out how.
South Carolina Real Estate Agents
List your contact information at no cost: Are you a real estate agent agent in South Carolina? You can list your company, contact information, website an logo here. Contact us to find out how.
South Carolina Conforming Mortgage Rates
Conforming mortgage rates are rates on mortgages that meet the criteria set out by the Federal Housing Finance Agency. There are limits set for each county of South Carolina. There are higher mortgage loan limits for designated high-cost areas, like on the coasts and in large cities.
South Carolina mortgages that “conform” to the standards set out by the Federal Housing Finance Agency can be purchased by Freddie Mac and Fannie Mae. This process guarantees banks are able to resell South Carolina mortgage loans that have been made. As a result, South Carolina mortgage rates today are lower than jumbo interest rates in $regionName. Conforming mortgages and jumbo mortgages are available in terms of 40 years, 30 years, 25 years, 20 years, 15 years and 10 years.
South Carolina Super Conforming Home Loan Rates
Super conforming mortgages in South Carolina are mortgages that have higher mortgage loan amounts but still “conform” to the standards set by the Federal Housing Finance Agency. Super conforming mortgages are available for the higher cost housing areas like the coasts and in large cities.
South Carolina Jumbo Loan Interest Rates
South Carolina jumbo mortgage rates are rates for mortgage loans that have a dollar amount higher than conforming and super conforming loan amounts. Jumbo home loan rates in South Carolina are usually 0.75 basis points higher than conforming mortgage rates in South Carolina because there is no guarantee banks and credit unions can sell these mortgages after they make the loans.
South Carolina Fixed Rate Mortgages
Fixed rate mortgages are the most common mortgage available in South Carolina. The mortgage rate and the monthly payment stay the same for the entire life of the mortgage loan. This makes fixed rate mortgages the most stable and predictable for mortgagees.
South Carolina Adjustable Interest Rates
South Carolina adjustable mortgages have a fixed mortgage rate for a certain number of years and then the mortgage rate adjusts every year after the initial period. There are usually yearly caps and life time caps on how much the mortgage interest rate and fluctuate. Your monthly mortgage payment will be lower at first but can rise when mortgage rates rise. Adjustable mortgages are available in terms of 1 year, 3 years, 5 years, 7 years and 10 years.
South Carolina Interest Only Home Mortgage Rates
South Carolina interest only mortgages are mortgages that the borrower pays only the interest on the principal balance or a set period of time. After the initial period the mortgagee pays both interest and principal. Interest only (IO) mortgages were popular during the housing boom.
South Carolina FHA Mortgage Mortgage Rates
Borrowers in South Carolina must meet certain requirements established by FHA to qualify for a mortgage insured by the FHA. FHA mortgage interest rates in South Carolina are usually lower than conforming mortgage interest rates because mortgage lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her mortgage loan.
Cities in South Carolina
Hilton Head Island
Isle Of Palms
North Myrtle Beach
Saint Helena Island
Shaw A F B