National Rate Snapshot (Freddie Mac PMMS)
Updated weekly. Personalized rates from 300+ lenders below.
Live South Carolina Rates
View today's South Carolina mortgage rates from the Lowcountry to the Upstate
Compare Loan Types in South Carolina
Quick comparison of minimum requirements by loan type
How to Get the Best Rate in South Carolina
Mortgage rates are not one-size-fits-all. The rate you receive depends on your credit profile, the loan type you choose, your down payment, and current market conditions. Here is what you can control to secure the lowest rate possible.
NMHL loan officers work with 300+ lenders to find competitive rates for every borrower profile — whether you have excellent credit or are rebuilding.
Real Homeowner Experiences
See what our clients say on Google
See What You Qualify For
Complete your mortgage application in minutes — no login required
Compare Rates in Other States
Click any state to see local mortgage rates and options
Our Presence
Click on endorsed states to see our direct resources!
Understanding South Carolina Mortgage Rates Today
South Carolina mortgage rates are influenced by national economic trends, but the state's growing economy and competitive lender landscape keep rates favorable. Charleston's tourism appeal and Greenville's manufacturing boom drive strong lending activity.
Our live rate widget above shows current rates from multiple lenders. You can filter by loan type, term, and other factors to find the best rate for your situation.
Check our rate widget for the latest South Carolina mortgage rates
Best Mortgage Loan Options for South Carolina Homebuyers
South Carolina homebuyers have multiple mortgage options, each with unique benefits. Conventional loans are popular for buyers with solid credit, while FHA loans help first-time buyers with lower down payments.
VA loans offer 0% down financing for veterans, and USDA loans cover rural areas throughout the state. Jumbo loans serve luxury buyers in Charleston and Greenville.
Compare loan types to find the best fit for your South Carolina home purchase
South Carolina Property Taxes and Insurance Considerations
South Carolina's property tax system is relatively favorable, with primary residences assessed at just 4% of market value. The effective property tax rate averages about 0.56% annually.
Coastal areas require additional insurance considerations. Charleston and Myrtle Beach properties may need separate wind/hail policies and flood insurance, adding to housing costs.
Factor property taxes and insurance into your total housing costs
Regional Housing Market Insights for South Carolina
Charleston remains a competitive market with rising home prices. Greenville-Spartanburg offers more affordable housing with strong job growth from manufacturing.
The Midlands and Pee Dee regions provide additional opportunities for homebuyers, with more reasonable prices and various loan options available.
Research your desired region for specific market conditions and opportunities
South Carolina Mortgage Rates FAQs
South Carolina mortgage rates currently range from 6.5% to 7.5% for 30-year fixed loans, slightly below national averages. Check our live rate widget for the latest rates.
The program requires income limits around $112,000 for a household, credit scores above 640, and completion of a homebuyer education course. Both first-time and repeat buyers can qualify.
Primary residences are assessed at 4% of market value, with millage rates varying by county. The effective property tax averages about 0.56% annually, making SC one of the lowest in the nation.
Yes, most areas outside Charleston, Columbia, and Greenville city centers qualify for USDA 0% down financing. Popular eligible areas include Summerville, Aiken, and Florence.
Mortgage rates are the same in both markets, but Charleston's higher home prices mean larger loan amounts. Greenville offers more affordable housing without coastal insurance costs.
South Carolina Mortgage Resources
Lock In Your South Carolina Rate Today
Get a personalized rate quote from NMHL. Our licensed South Carolina loan officers are ready to help you find the best deal.