See the latest South Carolina mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in South Carolina could be easier with today’s mortgage rates.
South Carolina Mortgage Rates –
The table below shows today’s home purchase mortgage rates for South Carolina, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.21% | 7.26% | 7.31% | |
| South Carolina | 7.32% | 7.37% | 7.42% | |
| Credit Unions | 6.92% | 6.97% | 7.12% | 8.3/10 |
| Online lenders | 7.02% | 7.07% | 7.22% | 8.2/10 |
| Banks | 7.32% | 7.37% | 7.42% | 8.2/10 |
| 30 year fixed | 7.32% | 7.37% | 7.42% | |
| 30 year fixed FHA | 6.64% | 6.69% | 6.74% | |
| 30 year fixed VA | 6.41% | 6.46% | 6.51% | |
| 30 year fixed Jumbo | 7.55% | 7.93% | 8.12% | |
| 20 year fixed | 6.90% | 6.95% | 7.00% | |
| 15 year fixed | 6.76% | 6.81% | 6.86% | |
| 10 year fixed | 6.78% | 6.83% | 6.88% | |
| 3 year ARM | 3.42% | 3.47% | 3.52% | |
| 5 year ARM | 6.97% | 7.02% | 7.07% | |
| 7 year ARM | 6.92% | 6.97% | 7.02% | |
| 10 year ARM | 7.32% | 7.37% | 7.42% | |
| Satisfaction | 9.1/10 | 8.3/10 | 8.4/10 |
Source: MFP’s Community Home Purchase Rates Survey from South Carolina members in the last 30 days.
How South Carolina Compares to National Averages
- South Carolina mortgage rates (7.32% for best credit scores) are slightly above national averages (national average: 7.21%).
- Credit unions are more competitive: In South Carolina, credit unions offer 6.92%, banks 7.32%, online lenders 7.02%.
Mortgage Options in South Carolina
- 30 year fixed: 7.32% - most popular long-term option for predictable payments
- 20 year fixed: 6.90% - balance between payment size and interest savings
- 15 year fixed: 6.76% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 6.78% - shortest fixed-term option with competitive rates
- 10 year variable: 3.42% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.97% - A mid-term variable option...
- 5 year variable: 6.92% - Shorter-term variable mortgage...
- 3 year variable: 7.32% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
South Carolina Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Charleston | 6.31% | 5.77% |
| Columbia | 6.28% | 5.74% |
| Greenville | 6.30% | 5.76% |
| Myrtle Beach | 6.32% | 5.78% |
| Rock Hill | 6.27% | 5.73% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
South Carolina Best Mortgage Lenders
See which SC lenders are most recommended for a home mortgage by community members surveys accross the State and in its main metro areas.
Charleston, Columbia, North Charleston, Mount Pleasant, Rock Hill, Greenville, Summerville, Goose Creek, Greer, Sumter, Myrtle Beach, Florence, Online lenders.
FAQs South Carolina Mortgage Rates
Are home purchase rates higher in South Carolina than the U.S. average?
South Carolina rates typically align closely with national averages, offering competitive options for homebuyers across the state.
What credit score is best for buying a home in South Carolina?
A credit score of 720 or higher generally qualifies for the most favorable mortgage rates from South Carolina lenders.
Is it better to choose a fixed-rate or ARM in South Carolina?
Fixed-rate mortgages provide payment stability for long-term homeowners, while ARMs may offer initial savings for those with shorter-term housing plans.
More Info for South Carolina Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for SC first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in South Carolina: Community rated lenders by city.
South Carolina Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.