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Best South Carolina Mortgage Lenders & Current Mortgage Rates

Is a house buy within the Palmetto State in your thoughts? If that’s the case, you need to have many decisions to contemplate. South Carolina has simply over 2.3 million housing models and a homeownership fee of about 69%, in line with the U.S. Census Bureau’s 2018 American Group Survey.

South Carolina’s median housing worth is $170,800, which is significantly lower than the nationwide median worth of $229,700. Sure areas of South Carolina have increased housing costs, whereas decrease housing costs could be present in different areas.

U.S. Information carried out an in-depth overview of main direct mortgage lenders. Analysis was based mostly on program availability and buyer satisfaction scores. As a result of every shopper has totally different wants, the highest finishers in a number of key areas had been chosen.

U.S. Information’ Greatest South Carolina Mortgage Lenders of 2021

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Chase

3% Min. Down Cost
Not disclosed Min. Credit score Rating

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Lender

Be taught Extra
3% Min. Down Cost
Not disclosed Min. Credit score Rating
Methodology: U.S. Information selects the Greatest Mortgage Corporations by evaluating affordability, borrower eligibility standards and customer support. These with the very best general scores are thought-about the very best lenders.

To calculate every rating, we use knowledge concerning the lender and its mortgage choices, giving better weight to elements that matter most to debtors. For mortgage lenders, we keep in mind every firm’s customer support scores, rates of interest, mortgage product availability, minimal down fee, minimal FICO rating and on-line options.

The burden every scoring issue receives is predicated on a nationwide survey on what debtors search for in a lender.

To obtain a ranking, lenders should supply qualifying loans nationwide and have a superb fame inside the trade. Learn extra about our methodology.

Greatest for digital buyer care

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F88%2Fb3%2F039eebf94e4b9e260b7a06f2c81e%2F200210 primelendinglogo submitted
PrimeLending is a Dallas-based mortgage lender with a number of mortgage mortgage choices, together with typical loans, jumbo loans, government-backed loans and refinance loans. The lender is a subsidiary of PlainsCapital Financial institution.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, ARM, Refinancing, FHA, VA, Jumbo, USDA
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 0.03
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Homebuyers can select from quite a lot of mortgage merchandise.

  • Dwelling loans can be found nationwide.

  • Down fee and shutting price help is out there.

See full profile

Greatest for on-line mortgages with money again rewards

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F49%2Faf%2Fc541ac3d4293a01f7c63db38282f%2F210202 axoslogo graphic
Axos Financial institution, based in 2000, is a digital monetary providers firm based mostly in San Diego. The complete-service on-line financial institution is insured by the Federal Deposit Insurance coverage Corp. and affords all the pieces from persona; and enterprise financial savings and checking accounts to auto and residential loans.

Earlier than You Apply

  • Mortgage varieties: Typical, FHA, VA, Fastened-Price, ARM, Jumbo, Dwelling Fairness Loans, HELOC, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 5%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Earn 3% annualized money again — 0.25% month-to-month — when you have an Axos Financial institution checking account and use it pay your mortgage.

  • Scale back or eradicate the $995 lender payment with an Axos Financial institution checking account.

  • On-time closing is assured for patrons of single-family properties.

  • Entry mortgage lona consultants to debate your own home financing wants.

See full profile

Greatest for low prices

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Ffa%2Fd6%2F23d1b07146afada10a38d2503d58%2F190321 chaselogo submitted
Chase, one of many nation’s largest banks, affords mortgages, refinance loans and residential fairness loans for certified debtors.

Earlier than You Apply

  • Mortgage varieties provided: Typical, FHA, VA, Fastened Price, ARM, Jumbo, Refinancing
  • Minimal FICO credit score rating: Not disclosed
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Down funds as little as 3% are accepted.

  • Fastened- and adjustable-rate mortgages can be found.

See full profile

Greatest for on-line utility

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fca%2F85%2Fb050845f4b2c934fa99bc1b09694%2F190318o consumerdirect
ConsumerDirect Mortgage is a division of FirstBank, a publicly traded financial institution based mostly in Nashville, Tennessee. ConsumerDirect Mortgage affords house buy and refinance loans to eligible debtors.

Earlier than You Apply

  • Mortgage varieties: Typical, FHA, Fastened Price, ARM, Jumbo, Refinancing, VA
  • Minimal FICO credit score rating: Not Disclosed
  • Minimal Down Cost: Not Disclosed
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Fastened and adjustable-rate mortgages can be found. A lender credit score for third-party closing prices is out there for a lot of loans. <br/>Loans are provided in 49 states; ConsumerDirect Mortgage doesn’t lend in Maryland.

See full profile

Greatest for low down fee

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fc4%2Fd6%2F35fd972f4879b7f3669b7e8d050e%2F181030 pnclenderlogo
PNC Financial institution is among the largest U.S. banks, serving greater than 9 million prospects in all 50 states. PNC affords most forms of mortgages.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, FHA< VA, ARM, Jumbo, HELOC, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • A number of forms of mortgages can be found.

  • PNC provides a web-based house possession price device.

  • Some mortgage choices require no or low down funds.

See full profile

Greatest for low APR

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F48%2Fb8%2F2f5c672a40929ba56f759fd31a69%2F190125 newamericanfundinglogo submitted
New American Funding is a nationwide mortgage lender providing quite a lot of house mortgage choices to homebuyers and owners. The corporate was based in 2003 and is headquartered in Tustin, California. The lender has originated greater than $50 billion in mortgage loans to this point.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, VA, FHA, ARM, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • The corporate has a number of mortgage choices, together with low-down-payment loans and loans the place you set your time period size.

  • You may select between fixed- or adjustable-rate loans.

See full profile

Greatest for debtors with very bad credit

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fd4%2Ff5%2Faffbf96242df9053eac53b886b88%2F190315 carringtonlogo submitted
Carrington Mortgage Companies makes a variety of mortgages, together with refinancing, accessible to debtors nationwide. The corporate, which offers typical and government-backed mortgages, has funded $22 billion in house loans since 2011.

Earlier than You Apply

  • Mortgage varieties: Typical, FHA, VA, USDA, Fastened Price, ARM, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Candidates with credit score scores as little as 500 are accepted for some merchandise.

  • The Dwelling Doable Benefit mortgage program can require a down fee of as little as 3%.

See full profile

Greatest for mortgage selection

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fd5%2Ff6%2Fbdcc0df9401ca8f23343682e68ae%2F210223 amerisavelogo graphic
AmeriSave Mortgage Corp. is a web-based lender that has been in enterprise since 2002. It was one of many first to supply an offsite, digital mortgage expertise for patrons. The corporate says it has financed greater than 390,000 properties because it started working. With headquarters in Atlanta, AmeriSave providers loans in 49 states and Washington, D.C.

Earlier than You Apply

  • Mortgage varieties: Typical, Jumbo, Fastened Price, ARM, FHA, VA, USDA, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • FHA, VA and USDA loans can be found, along with typical fixed-rate and adjustable-rate mortgages.

  • Potential debtors can get prequalified with no arduous credit score inquiry.

  • Debtors can full the vast majority of the appliance course of on-line.

See full profile

Greatest for product availability

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F56%2F35%2F11886ec34513be5af2e7daf87a16%2F190116 freedommortgagelogo submitted
Freedom Mortgage is among the nation’s largest mortgage originators and servicers working in each state, plus Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Mortgage choices embrace typical, adjustable fee, jumbo, refinance, Federal Housing Administration, Division of Veterans Affairs and Division of Agriculture.

Earlier than You Apply:
Mortgage varieties provided: ARM, Typical, FHA, Fastened Price, Jumbo, Refinancing, USDA, VA
• Minimal FICO rating: 620
• Minimal Down Cost: 3%
Higher Enterprise Bureau ranking: A+

Greatest Options

  • Affords broad number of mortgages.

  • Helps qualify debtors with truthful credit score.

  • Focuses on FHA and VA loans.

See full profile

Greatest for customer support

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F87%2Fcd%2Faa6b499c45458703158d80fee65c%2Fd rm logos
Rocket Mortgage, the biggest mortgage lender within the nation, was based in 1985 as Rock Monetary. With headquarters in Detroit, the corporate affords a very digital house lending course of. On July 31, 2021, the lender modified its identify to Rocket Mortgage. It was beforehand generally known as Quicken Loans.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, FHA, ARM, VA, Refinancing, Jumbo,
  • Minimal FICO credit score rating: 620,
  • Minimal Down Cost: 3%,
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Rocket Mortgage providers 99% of the loans it originates.

  • The corporate affords customizable mortgage phrases.

  • The digital utility course of is user-friendly, and mortgage standing info is all the time accessible.

  • Rocket Mortgage has a superb customer support fame.

See full profile

What Are the Mortgage Charges in South Carolina?

The typical rate of interest for a 30-year fixed-rate conforming mortgage in South Carolina is 2.9%. Dwelling rates of interest vary from 2.5% to 4% in South Carolina.

What Are At this time’s Mortgage Charges?

Locking in a low mortgage fee at present can prevent hundreds over the lifetime of your mortgage. Evaluate your mortgage fee affords with nationwide common tendencies.

Mortgage Calculator

Is your dream house inside attain? U.S. Information’ mortgage calculator will present you the way a lot home you may afford.

What Are Some South Carolina Homebuyer Packages?

SC Housing affords a homeownership help program to assist eligible South Carolina homebuyers afford a house. This system affords down fee and/or closing price loans and lowered mortgage insurance coverage on sure mortgage varieties.

  • Obtainable to: Eligible South Carolina homebuyers.
  • Revenue limits: Differ by county (see earnings limits).
  • First-time homebuyers solely? Sure for non-targeted counties.
  • Advantages: Decreased mortgage insurance coverage necessities for sure loans in addition to down fee and/or closing price help of as much as $6,000 within the type of a 10- or 20-year forgivable second mortgage with no month-to-month funds and a 0% rate of interest.

  • Obtainable to: Eligible South Carolina homebuyers.
  • Revenue limits: Differ by county (see earnings limits).
  • First-time homebuyers solely? Sure for non-targeted counties.
  • Advantages: Federal tax credit score might cut back your earnings tax legal responsibility every year by an quantity equal to 50% of the mortgage curiosity paid or $2,000, whichever is much less.

  • Obtainable to: Eligible South Carolina homebuyers.
  • Revenue limits: Differ by county (see earnings limits).
  • First-time homebuyers solely? No.
  • Advantages: Down fee as little as 3%, down fee help with a 0% curiosity forgivable second mortgage.

View Extra Greatest South Carolina Mortgage Lenders

Greatest for presidency loans

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fd0%2F37%2Fd5bc7a5b4b16b6226a26432e307b%2F201125 pennymac submitted.47.31%20AM
Based in 2008, PennyMac is a nationwide mortgage lender with greater than $473 billion in loans serviced. PennyMac affords a variety of house loans, together with typical, Federal Housing Administration, Veterans Affairs and funding property mortgages.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, FHA, VA, ARM, USDA, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 0.03
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • PennyMac accepts a 50% debt-to-income ratio for typical loans in some cases.

  • On-line capabilities embrace a 24/7 entry heart and e mail standing updates.

See full profile

Greatest for product availability

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F75%2Ffc%2Fb5baeb484ebbb911a01f2a9afcec%2F190115 wellsfargologo submitted
Wells Fargo affords quite a lot of mortgage and residential fairness merchandise in 36 states. The lender affords typical, adjustable-rate, FHA, VA, USDA, jumbo and refinancing loans.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened Price, ARM, Jumbo, FHA, VA, USDA, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Debtors can select from quite a lot of mortgage merchandise.

  • Wells fargo affords specialised loans with further mortgage choices.

  • Debtors can get prequalified and apply on-line.

See full profile

Greatest for shopper relations

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F2a%2Fc2%2Fce303e3d47c886344bae200f4a8b%2Ftruist logo
SunTrust Financial institution, now generally known as Truist, is predicated in Charlotte, North Carolina, and affords mortgages via branches in 15 states and Washington, D.C. Mortgage varieties embrace mounted or adjustable fee, typical, jumbo, refinance, Federal Housing Administration, Division of Veterans Affairs and Division of Agriculture.

Earlier than You Apply

  • Mortgage varieties: ARM, Typical, FHA, Fastened Price, Jumbo Refinancing, USDA, VA
  • Minimal FICO credit score rating: Not Disclosed
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Affords FHA, USDA and VA loans.

  • Gives a health care provider mortgage program.

  • Provides a web-based mortgage utility.

See full profile

Greatest for truthful credit score

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F3c%2Ff6%2F82dc507a4096921fc24b66626d2e%2F190115 flagstarmortgagereviewlogo submitted
Flagstar affords banking and lending merchandise in each state. Debtors can choose from typical or government-backed mortgages, akin to FHA, VA and USDA loans, and go for adjustable-rate mortgages.

Earlier than You Apply

  • Mortgage varieties: ARM, Typical, FHA, Fastened Price, Dwelling Fairness Loans, Jumbo, Refinancing, USDA, VA
  • Minimal FICO credit score rating: 620
  • Most Down Cost: 10%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Flagstar Financial institution offers a broad number of mortgages.

  • Some mortgages require no or a low down fee.

See full profile

Greatest for big mortgage quantities

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Ffb%2F91%2F675c275e43eea5e9d2147917e515%2F181030 bankofamericalenderlogo submitted
Financial institution of America serves roughly 66 million prospects in all 50 states. The lender affords typical, Federal Housing Administration, Division of Veterans Affairs and jumbo loans, in addition to house fairness traces of credit score and mortgage refinancing.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened, FHA, VA, ARM, HELOC, Jumbo, Refinancing
  • Minimal FICO credit score rating: Not disclosed
  • Minimal Down Cost: 5%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • Financial institution of America has quite a lot of mortgage merchandise.

  • The lender affords origination payment reductions for qualifying Financial institution of America and Merrill Lynch shoppers.

  • Dwelling fairness traces of credit score don’t have any annual, utility or money advance charges or closing prices.

  • Financial institution of America affords a first-time homebuyer program.

See full profile

Greatest for no down fee

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F35%2Fe6%2F66a29a2c4dbcb4369ce4a86639f0%2F181029 alliantlenderlogo submitted
Alliant Credit score Union is a nonprofit monetary cooperative. The credit score union serves prospects in all 50 states. Mortgage merchandise embrace typical, jumbo and refinancing loans, and residential fairness traces of credit score.

Earlier than You Apply

  • Mortgage varieties: Typical, Fastened, ARM, Refinancing, Jumbo, HELOC
  • Minimal FICO credit score rating: Not Disclosed
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • No-down-payment mortgages can be found for first-time homebuyers with glorious credit score.

  • Those that purchase or promote via the Alliant Dwelling Rewards program are eligible for money again rebates.

See full profile

Greatest for digital closing

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fc2%2F20%2F662b9a2d4c7a8e0d1c02cd2f6f7d%2F181029 guaranteedratelenderlogo submitted
Assured Price, based in 2000 and based mostly in Chicago, affords mortgage choices together with typical loans, Federal Housing Administration loans, jumbo loans and interest-only loans to prospects in all 50 states and Washington, D.C. Debtors can make the most of specialised mortgage merchandise and Assured Price’s on-line utility, documentation and mortgage fee choices.

Earlier than You Apply:

  • Mortgage varieties: ARM, Fastened Price, Typical, FHA, VA, USDA, Refinancing, Jumbo, Curiosity solely
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 0.05
  • Higher Enterprise Bureau ranking: A-

Greatest Options

  • Gives qualifying debtors with a totally or partially digital closing course of

  • Affords a number of mortgage mortgage merchandise

See full profile

Greatest for Veterans Affairs loans

?url=http%3A%2F%2Fmedia.beam.usnews.com%2Fe0%2Fa1%2F15e6c69b4efebcb631e945386dbb%2F181030 usaalenderlogo submitted
USAA serves greater than 13 million members of the army and their households, providing monetary merchandise in each state and Washington, D.C. Qualifying debtors can get hold of mortgages, together with VA, typical and refinance loans. USAA is thought for its customer support and specialization in merchandise for service members.

Earlier than You Apply:

  • VA mortgage merchandise accessible: Jumbo, Refinancing, VA
  • Minimal FICO credit score rating: Not Disclosed
  • Minimal Down Cost: 0
  • Higher Enterprise Bureau ranking: A

Greatest Options

  • Charges properly for customer support.

  • Affords VA Curiosity Price Discount Refinance Loans, also referred to as IRRRL or streamline refinance.

See full profile

Greatest for on-line service

?url=http%3A%2F%2Fmedia.beam.usnews.com%2F38%2F24%2Faf6aa9864e2a8e09a5d02280a3ba%2F190125 lenderlogocaliberhomeloans submitted
Caliber Dwelling Loans of Coppell, Texas, affords mortgage and residential fairness merchandise nationwide. Choices embrace typical, adjustable-rate, refinancing, Federal Housing Administration, U.S. Division of Agriculture and Veterans Affairs loans. Caliber has been in enterprise since 2008, and is concentrated on house lending merchandise.

Earlier than You Apply

  • Mortgage varieties: Typical, FHA, VA, USDA, Fastened, ARM, Refinancing
  • Minimal FICO credit score rating: 620
  • Minimal Down Cost: 3%
  • Higher Enterprise Bureau ranking: A+

Greatest Options

  • The primary-time homebuyer program HomeOne can require a down fee of as little as 3% and debtors might qualify with a minimal 620 credit score rating.

  • Authorities-insured loans together with Federal Housing Administration, Veterans Affairs, and United States Division of Agriculture applications can be found.

See full profile

Promoting Disclosure: Among the mortgage affords on this website are from corporations
who’re promoting shoppers of U.S. Information. Promoting concerns might influence
the place affords seem on the location however don’t have an effect on any editorial choices,
akin to which mortgage merchandise we write about and the way we consider them. This website
doesn’t embrace all mortgage corporations or all mortgage affords accessible within the market.


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