South Carolina Mortgage Rates Today — Compare SC Lenders
The average 30-year fixed mortgage rate in South Carolina is currently 6.46% APR. Charleston has seen significant appreciation. Myrtle Beach is popular with retirees. Greenville offers strong value as a growing inland metro. Compare today’s rates from top South Carolina lenders across all major loan types below.
South Carolina Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $340,000 loan on a single-family primary residence in South Carolina.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.46% | 6.46% | Most Popular |
| 15-Year Fixed | 5.81% | 5.81% | Pay off faster, save interest |
| 5/1 ARM | 6.58% | 6.58% | Short-term owners |
| FHA 30-Year | 6.14% | 6.14% | Low down payment |
| VA 30-Year | 5.98% | 5.98% | Veterans & military |
| 30-Year Refinance | 6.58% | 6.58% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in South Carolina
South Carolina has become an increasingly popular relocation destination, particularly Charleston and Greenville. The state’s warm climate, relative affordability compared to northern states, and growing economy continue to attract buyers.
Myrtle Beach remains one of the most active vacation and retirement real estate markets on the East Coast. Columbia, the state capital, offers stable government and university employment.
What Affects Your South Carolina Mortgage Rate?
Several key factors influence the rate a South Carolina lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.