Do you have a Palmetto State purchase? If so, you should have several options to consider. South Carolina currently has over 2.3 million housing units And according to the US Census Bureau, a homemade rate of about 69% 2018 American Community Survey.
The average housing price in South Carolina is $ 170,800, which is lower than the national average price of $ 229,700. Housing prices are higher in some areas of South Carolina, while lower housing prices can be found in other areas.
US News conducted an in-depth review of major direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers were chosen in several key areas.
US News’ Best South Carolina Mortgage Lenders
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: Is 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +
Lender highlights
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +
Best counter
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Different types of mortgages
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Annual percentage rate or closing cost rebate for qualifying Bank of America and Merrill Lynch clients
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No closing costs and no annual, balance transfer and cash advance fees for Halox.
Before you apply
- Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 580. is
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: a
Best counter
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Homebuyer offers programs for the first time
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FICO accepts mortgage applicants with credit scores as low as 580
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: Different
- Better Business Bureau Rating: A +
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Receives strong customer service rating from Better Business Bureau
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Offers a wide range of mortgage products
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Offers exclusive mortgage programs for first time buyers and manufactured homebuyers
main characteristics:
- Mortgage Type Offered: Traditional, FHA, VA, ARM, Refinance (Conventional), Refinance (FHA), Refinance (VA), Home Equity Loan
- Minimum FICO Credit Score: 500 with conditions
- Maximum debt-to-income ratio: 43% for FHA
- Maximum combined debt-to-value ratio: 90%
- JD Power Satisfaction Rating: Four out of five
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LoanDepot mortgages have a lifetime guarantee, meaning that if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fee and reimburse the appraisal fee.
main characteristics:
- Loan Type: Traditional, FHA, VA, USDA, ARM, Refinance
- Minimum FICO Score: 600
- Maximum debt-to-value ratio: Not disclosed
- Maximum debt-to-income ratio: 43%
- Total Closing Cost: 2% to 6% of the loan amount
- Equity required: Not disclosed
- JD Power Satisfaction Rating: Not rated
Best counter
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Offers various types of mortgage loans.
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Nationwide offers mortgage loans.
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Helps with closing costs.
Highlight:
- Mortgage Type Offered: ARM, FHA, VA, Refinance (FHA), USDA, Traditional, Refinance (Traditional)
- Minimum FICO Credit Score: 580 (FHA), other loans vary
- Maximum debt-to-income ratio: 60%
- JD Power Satisfaction Rating: Five out of five
Best counter
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The complete loan procedure is available online.
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Wide variety of mortgage products.
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Good customer service rating.
What are mortgage rates in South Carolina?
Average interest rate for a 30 year fixed rate Confirmed mortgage in south carolina 2.9%. House interest rates Range from 2.5% Service 4% In South Carolina.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
|
Loan type |
Rate of this week |
Last week rate |
| 30-Year Fixed Rate Mortgage | 2.87% | 2.9% |
| 15-Year Fixed Rate Mortgage | 2.34% | 2.38% |
| 30-Year Fixed-Rate Jumbo Mortgage | 2.89% | 2.93% |
| 5/1 ARM | 2.99% | 3.03% |
| 5/1 Jumbo ARM | 2.86% | 2.85% |
* Rates for January 1, 2021
mortgage calculator
Are you reaching your dream home? US News’ mortgage calculator will show you how much home you can buy.
What are some South Carolina homebuyer programs?
SC Housing offers a homesmanship assistance program to help homebuyers in South Carolina purchase a home. The program reduces down payment and / or cost debt and reduces mortgage insurance on certain loan types.
- available to: Qualified South Carolina Homebuyers.
- Income Range: Different from county (see) Income range) Belongs to.
- Homebuyers for the first time only? Yes for non-targeted counties.
- Benefit: Reducing mortgage insurance requirements for some loans, as well as closing payments and / or cost assistance of up to $ 6,000 for 10- or 20-year, forgivable second with no monthly payment and 0% interest rate Mortgage.
- available to: Qualified South Carolina Homebuyers.
- Income Range: Different from county (see) Income range) Belongs to.
- First time homebuyers only? Yes for non-targeted counties.
- Benefit: The federal tax credit can reduce your income tax liability by the amount of mortgage interest paid each year or an amount equal to $ 2,000, whichever is less.
- available to: Qualified South Carolina Homebuyers.
- Income Range: Different from county (see) Income range) Belongs to.
- Homebuyers for the first time only? No.
- Benefit: Down payment assistance forgivable second mortgage with 0% interest as 3% as down payment.
Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising ideas can influence offers that appear on the site but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.