South Carolina Mortgages (SC)

According to a study by Richard DeKaser, chief economist for National City Corp., real estate in South Carolina is undervalued. Using long-term historic data, properties in South Carolina have room to increase in current value to reach their fair value. The local economy is strong, and inventories of homes on the market is increasing, making South Carolina a buyer’s market. Mortgage rates fell slightly in early April, making this a good time to purchase or re-finance a home in South Carolina.

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Quick South Carolina Housing facts

Percent of South Carolinians who own a home: 72.2%

Percent of Renters in South Carolina: 27.8%

Median South Carolina Household Income: $38,579

Average South Carolina credit score: 665

Best City to live in South Carolina: Mount Pleasant, South Carolina

Median South Carolina Home Value: $94,900

How much house can I afford in South Carolina

One of the biggest problems facing South Carolina’s homebuyers is figuring out how much house you can afford.  There are many things that go into the mortgage affordability calculation but some of the main ones are: 1) how big is your down payment, 2) how much can you afford to pay each month, 3) what are current mortgage rates, and 4) what loan program you choose.  To help you answer these questions and more fill out a mortgage request form and a mortgage specialist go through all your options with you.

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Refinancing in South Carolina

If you live in South Carolina and you are looking to consolidate some debt, or lock in a lower rate it might be time to refinance.  Mortgage rates are still at historic lows when compared to the 1970 mortgage rates which hit 17%+. 

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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.