Current as low as Mortgage and Home Equity Rates
FreeRateUpdate publishes the as low as mortgage and home equity rates and APRs we can verify from the lenders and brokers in our network. Individual terms vary; the details and assumptions behind each figure are available below.
| Purpose | Product | Term | As low as rate | APR* |
|---|---|---|---|---|
| Purchase | Fixed mortgage | 30 years | 6.249% | 6.453% |
| Purchase | Fixed mortgage | 15 years | 5.749%Figure as of Oct 16 | 6.034% |
| Refinance | Fixed mortgage | 30 years | 6.373% | 6.601% |
| Refinance | Fixed mortgage | 15 years | 5.750% | 6.071% |
| Refinance | Fixed mortgage | 10 years | 5.750% | 5.913% |
| Cash-out refinance | Fixed mortgage | 30 years | 6.498% | 6.682% |
| Cash-out refinance | Fixed mortgage | 10 years | 5.750% | 5.997% |
| Home equity | HELOC | Revolving | 6.450% | 6.450% |
| Home equity | Home equity loan | Fixed term | 7.500%Figure as of Oct 11 | 8.195% |
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PARTICIPATING LENDERS
Compare SC Mortgage Refinance Offers
Lower Your Interest Rate in South Carolina
If eligible, you can lower your interest rate. This could lead to lower payments and less money paid towards interest.
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Why should I lower my rate? |
Save money |
 |
Lower Payments |
Shorten Your Loan Term in South Carolina
Shorten your loan term when refinancing from a 30-year term to a 15-year term. You may also lower your rate.
Why should I shorten my term? |
Become mortgage-free quickly |
 |
Pay less interest |
Leverage Your Home's Equity in South Carolina
Take cash out of your home to apply to improvements, renovations, or other necessary expenses.
Why should I cash out? |
Renovations |
 |
Pay for other debts or emergencies |
South Carolina Mortgage Rates
South Carolina offers residents a nearly perfect combination of moderate climate, historical charm, and fabulous vacation destinations. If you are looking for the ideal place to call home, there is no shortage of great houses to choose from in the Palmetto State. South Carolina is also a popular destination for foodies with a fun combination of high-end restaurants, southern-style barbecue, and casual low-country cuisine. Regardless of where you choose to live in South Carolina, you can compare lenders before getting started using FreeRateUpdate.com.
Common South Carolina Loan Types:
- South Carolina conventional mortgages: Conventional mortgages are made by private lenders without FHA insurance or a VA guaranty. Loan availability, qualifications, down payment, mortgage insurance, rates, and fees depend on the lender, borrower, property, and program.
- South Carolina FHA loans: FHA-insured mortgages are made by FHA-approved lenders and are not limited to first-time buyers. Eligibility and down payment depend on the borrower and property; loan limits and mortgage insurance vary by location and loan details.
- South Carolina VA loans: VA-backed mortgages are made by private lenders for eligible borrowers who meet VA and lender requirements. Some qualified purchase borrowers may use no down payment, while entitlement, appraisal, occupancy, funding-fee rules and exemptions, and lender requirements still apply.
Program information: FHA (HUD) and VA.gov.
How to Compare South Carolina Mortgage Rates
Mortgage pricing available in South Carolina varies by loan type, lender, borrower profile, property, points, and market timing. Conventional, FHA-insured, and VA-backed offers should be evaluated under their own eligibility, insurance, fee, and occupancy rules.