South Carolina Mortgage Rates: What Homebuyers Need to Know in Today’s Market

Buying or refinancing a home in South Carolina? Home Simply makes it easy to compare today’s best South Carolina mortgage rates, loan programs, and lender options across the entire state — from Charleston, Greenville, Columbia, Myrtle Beach, Rock Hill, and every community in between. Whether you’re a first-time homebuyer, upgrading, or exploring refinance opportunities to lower your monthly payment, we break down the current South Carolina mortgage rate trends so you can choose the right loan confidently. Our team helps you understand your options, compare lenders, and secure the most competitive SC home loan rates available.

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South Carolina Mortgage Rates — See Today’s Best Rates

Understanding South Carolina mortgage rates is one of the most important steps in buying or refinancing a home. Whether you're purchasing in Charleston, Greenville, Columbia, Myrtle Beach, Spartanburg, Rock Hill, Summerville, or anywhere in between, we make it simple to compare today’s mortgage rates in South Carolina and get clear guidance tailored to your financial goals.

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What Drives Mortgage Rates in South Carolina?

Understanding how South Carolina mortgage rates are determined is essential when planning a home purchase or refinance. Rates shift daily, and several state-specific and national factors influence what South Carolina borrowers ultimately pay. Here are the main elements that shape the current mortgage rates in South Carolina:

✔ South Carolina Housing Market Demand

High-growth areas like Charleston, Greenville, Columbia, and Myrtle Beach often experience increased buyer competition, which can influence how aggressively lenders price their SC mortgage rates to stay competitive.

✔ Economic Indicators & Federal Policy

Inflation levels, job growth trends, and Federal Reserve rate decisions all impact South Carolina home loan mortgage rates. When the economy cools or inflation drops, rates often ease. When markets heat up, rates typically rise.

✔ Borrower Financial Strength

Lenders review credit score, income stability, debt-to-income ratio, and employment history to determine eligibility and pricing. Strong financial profiles usually secure better South Carolina mortgage rate offers.

✔ Down Payment & Equity Amount

The more equity you bring (or retain in a refinance), the less risk the lender carries. This often results in lower interest mortgage rates for South Carolina borrowers.

✔ Lender Competition Across the South Carolina State

Different mortgage lenders in South Carolina update their rate sheets at different times. Comparing lenders can uncover significantly better SC mortgage rate options, especially during volatile markets.

Why South Carolina’s Mortgage Rates Continue to Attract Homebuyers

South Carolina continues to attract buyers thanks to its competitive mortgage rates, strong housing affordability, and growing job market. With current South Carolina mortgage rates offering better buying power than many higher-cost states, homebuyers in Charleston, Greenville, Columbia, and Myrtle Beach enjoy more flexible financing options and long-term value. Combined with a lower cost of living, favorable tax advantages, and steady population growth, SC home loan rates make South Carolina one of the most appealing places to purchase a home today. Get pre-approved to view today’s best South Carolina mortgage rates.

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Loan Products

Explore a range of loan types designed to fit your exact financial needs.

VA Loans

Zero down payment loans for veterans and their families.

FHA Loans

First-time homebuyer? Enjoy lower down payments.

Conventional Loans

Good credit? Great news. Get flexible terms and competitive rates.

Jumbo Loans

Enjoy high loan limits when looking to buy a luxury property.

Investor Loans

Grow your real estate portfolio with flexible terms and rates.

Home Equity Loans

Use your home's equity to access funds for your needs.

Frequently Asked Questions - South Carolina (FAQS)

What are the current mortgage rates in South Carolina?
Current South Carolina mortgage rates vary based on loan type, market conditions, and borrower qualifications. Rates change daily, so checking updated SC home loan rates can help you secure the most competitive option when buying or refinancing a home in South Carolina.
Are mortgage rates in South Carolina lower than the national average?
In many cases, South Carolina mortgage rates remain competitive with — and sometimes lower than — the national average. Because SC has strong affordability and steady economic growth, homebuyers often find better long-term value when shopping for mortgage rates in South Carolina.
Which loan programs offer the best rates for South Carolina homebuyers?
Popular programs with competitive SC mortgage rates include conventional fixed-rate loans, FHA loans, VA loans for eligible service members, USDA loans in rural South Carolina areas, and jumbo loans for higher-priced markets. The best option depends on your financial profile and homebuying goals.
Which loan programs offer the best rates for South Carolina homebuyers?
Popular programs with competitive SC mortgage rates include conventional fixed-rate loans, FHA loans, VA loans for eligible service members, USDA loans in rural South Carolina areas, and jumbo loans for higher-priced markets. The best option depends on your financial profile and homebuying goals.
How can I get the best mortgage rate in South Carolina?
To secure the most competitive South Carolina mortgage rate, improve your credit score, compare offers from multiple SC lenders, choose the right loan type, and lock your rate at the right time. Getting pre-approved can also help you access better SC home loan rate options.

Explore Mortgage Rates Across South Carolina Cities

Home Simply is licensed to offer home mortgages and quote mortgage rates across South Carolina. Please click on the city below where you’re located to learn more about mortgage rates and home loan options in your area: Aiken, Anderson, Charleston, Columbia, Florence, Goose Creek, Greenville, Hilton Head Island, Mount Pleasant, Myrtle Beach, North Charleston, and Rock Hill.

AIKENANDERSONCHARLESTONCOLUMBIAFLORENCEGOOSE CREEK

GREENVILLEHILTON HEAD ISLANDMOUNT PLEASANTMYRTLE BEACHNORTH CHARLESTONROCK HILL

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