South Carolina Mortgage Rates — SC Home Loan Rates Today
Get the latest South Carolina mortgage rates for Charleston, Columbia, Greenville, Myrtle Beach, and more. Compare 30-year, 15-year, FHA, VA, and USDA rates. Calculate your monthly payment with SC-specific taxes and insurance.
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South Carolina has one of the lowest property tax rates in the US (0.57%). This saves SC homeowners approximately $1,200/year compared to the national average.
Current SC Mortgage Rates
| Loan Type | Interest Rate | APR | Monthly Payment* |
|---|---|---|---|
| 30-Year Fixed | 6.625% | 6.702% | $1,921/mo |
| 15-Year Fixed | 5.875% | 5.989% | $2,511/mo |
| 5/1 ARM | 6.125% | 6.45% | $1,823/mo |
| 7/1 ARM | 6.25% | 6.52% | $1,847/mo |
| FHA 30-Year | 6.375% | 7.15% | $1,872/mo |
| VA 30-Year | 6.125% | 6.48% | $1,823/mo |
| USDA 30-Year | 6.25% | 6.89% | $1,847/mo |
* Based on a $300,000 loan with 10% down. Actual rates vary by lender and credit score.
SC Home Prices by City
| City | Avg Home Price | YoY Change | Median Income |
|---|---|---|---|
| Hilton Head | $620,000 | +3.2% | $92,000 |
| Mount Pleasant | $520,000 | +3.9% | $95,000 |
| Charleston | $485,000 | +4.2% | $78,000 |
| Greenville | $365,000 | +5.1% | $68,000 |
| Myrtle Beach | $325,000 | +6.3% | $55,000 |
| Rock Hill | $295,000 | +4.8% | $65,000 |
| Columbia | $285,000 | +3.8% | $62,000 |
| Spartanburg | $245,000 | +4.5% | $52,000 |
South Carolina Mortgage FAQ
What are current South Carolina mortgage rates?+
As of June 2026, South Carolina mortgage rates range from 5.875% for 15-year fixed to 6.625% for 30-year fixed. FHA rates are around 6.375% and VA rates around 6.125%. Rates vary by lender, credit score, and loan amount.
Are South Carolina mortgage rates higher than the national average?+
South Carolina mortgage rates are generally in line with the national average. The state's property tax rate of 0.57% is one of the lowest in the nation, which helps offset mortgage costs.
What is the minimum down payment for a home in South Carolina?+
Conventional loans require 3-5% down. FHA loans require 3.5% down. VA and USDA loans require 0% down for eligible borrowers. South Carolina also offers down payment assistance programs for first-time buyers.
Does South Carolina have a first-time home buyer program?+
Yes. The South Carolina State Housing Finance and Development Authority (SC Housing) offers down payment assistance, mortgage credit certificates, and affordable loan programs for first-time buyers.
What credit score do I need for a mortgage in South Carolina?+
Conventional loans typically require 620+. FHA loans require 580+ (3.5% down) or 500-579 (10% down). VA loans have no minimum credit score requirement, but most lenders require 620+.
How much house can I afford in South Carolina?+
Use our calculator above. With a median household income of $58,000, most SC families can afford a home in the $250,000-$350,000 range, depending on debts and down payment.