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South Carolina Fixed Mortgage Rates

img South Carolina Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.875 5.000 0.750 6.500 6.500 0.000 3.875 4.125 2.125
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4.625 4.764 1.250 6.625 6.500 0.125 3.750 4.000 1.625
4.500 4.750 0.750 6.125 6.125 0.125 3.375 3.625 1.500
4.000 4.031 N/A 6.125 6.125 0.000 3.250 3.750 1.625

South Carolina Adjustable Mortgage Rates

img South Carolina Average img National High img National Low img
Loan Type Base Rate APY Points Base Rate APY Points Base Rate APY Points
4.375 4.050 1.375 4.750 4.188 0.125 3.750 3.813 3.250
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3.625 1.000 3.480 6.875 5.000 0.125 2.750 3.125 2.500
3.625 3.410 1.000 6.375 4.500 0.125 2.375 3.125 2.375
3.250 3.250 0.125 6.125 4.250 0.000 2.500 3.250 1.000
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Mortgage Rates at 4.25%*

  • $150,000 loan for under $867/month
  • $225,000 loan for under $1,301/month
  • $350,000 loan for under $2,023/month
 

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National vs South Carolina 10/1 ARM Mortgage Monthly Payments

Loan Amount img South Carolina Average img National High img National Low img  
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$748.93                      $782.47                      $694.67                     
$848.78                      $886.80                      $787.30                     
$2,047.07                      $2,138.75                      $1,898.77                     

National vs South Carolina 30-yr. fixed Mortgage Monthly Payments

Loan Amount img South Carolina Average img National High img National Low img  
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$771.21                      $960.47                      $694.67                     
$874.04                      $1,088.53                      $787.30                     
$2,107.97                      $2,625.27                      $1,898.77                     

National vs South Carolina 15-yr. fixed Mortgage Monthly Payments

Loan Amount img South Carolina Average img National High img National Low img  
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$1,109.53                      $1,275.94                      $1,054.00                     
$1,257.47                      $1,446.06                      $1,194.54                     
$3,032.72                      $3,487.56                      $2,880.94                     

National vs South Carolina 5/1 ARM Mortgage Monthly Payments

Loan Amount img South Carolina Average img National High img National Low img  
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$684.08                      $935.80                      $582.98                     
$775.29                      $1,060.58                      $660.71                     
$1,869.81                      $2,557.87                      $1,593.48                     

National vs South Carolina 3/1 ARM Mortgage Monthly Payments

Loan Amount img South Carolina Average img National High img National Low img  
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$652.81                      $911.42                      $592.68                     
$739.85                      $1,032.94                      $671.71                     
$1,784.35                      $2,491.20                      $1,620.00                     
Source: South Carolina State Housing Finance and Development Authority - Mar 31, 2009

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Average Rates

15-yr fixed*

4.0%

30-yr fixed*

4.625%

South Carolina State Housing Finance and Development Authority has various loan programs that may help you buy a home. The mortgage programs available are below the current market interest rates and depending on your income there is Down Payment/Closing Cost Assistance available to assist you in purchasing a home with little or no out of pocket funds. The major benefits to homebuyers are lower Interest Rates and reduced Mortgage Insurance Rates that allow you to have a more affordable monthly payment and save thousands of dollars over the life of a mortgage.

All State Housing Programs are based on a Fixed Interest Rate Loan with a maximum Loan-to-Value (LTV) of 97%. Therefore, if you buy a home for $100,000 the minimum down payment that would be required is $3,000.00. Depending on your income SC State Housing may have down payment assistance funds available to pay all or part of the required down payment.

Home Repairs: South Carolina

The programs and resources listed below help homeowners with home repairs and improvements.

  • Assistance programs for homeowners in South Carolina
  • HOME program contacts - some communities use HOME funds from HUD for home improvement assistance to homeowners
  • Community Development Block Grant (CDBG) program contacts - some communities use CDGB funds from HUD for home improvement assistance to homeowners
  • USDA Rural Development local office - loans for low income residents for repairs to improve or modernize a home, or to remove health and safety hazards
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*Mortgage Rate of 4.25% is for qualified borrowers for a 10-year fixed rate mortgage to refinance an owner-occupied, one-unit, single family dwelling for a loan of $165,000 to $417,000 ($165,000 to $625,500 in Alaska and Hawaii). If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types. Not all service providers in our network offer this or other products with fixed rate options.

**This advertised rate is for qualified borrowers for to refinance an owner-occupied, one-unit, single family dwelling for a loan of $150,000, $225,000 or $350,000 with a interest only monthly payment of $867, $1301 or $2023. This is an interest only adjustable rate that is fixed for the first 12 months then is subject to increase no more than 1% every 6 months thereafter (until rate has caught up to fully indexed rate). To be eligible for this program borrower must meet applicable credit requirements, including a FICO score of at least 620. MortgageDebt.com is not acting as a lender or broker. The information provided by you to MortgageDebt.com is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher, depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and other factors. Not available in all states. Not available for all credit types.

Last Updated: September 03, 2010