Mortgage rates
Current mortgage rates · week of June 11, 2026
| Week | 30-yr / 15-yr fixed |
| June 11, 2026 | 6.52% / 5.84% |
| June 4, 2026 | 6.48% / 5.79% |
| May 28, 2026 | 6.53% / 5.87% |
| May 21, 2026 | 6.51% / 5.85% |
| May 14, 2026 | 6.36% / 5.71% |
| May 7, 2026 | 6.37% / 5.72% |
| April 30, 2026 | 6.30% / 5.64% |
| April 23, 2026 | 6.23% / 5.58% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
South Carolina Mortgage Overview
There is so much to love about living in South Carolina. Its incredible beaches, beautiful sunsets, and gorgeous houses are just a few reasons. Many people love the low cost of living too. The median home price is around $400,000, just below the national average — not bad for such a gorgeous state.
If you're thinking of moving to South Carolina, here are your loan options.
South Carolina conventional loans
With a 660 credit score or higher you can get a conventional loan. First-time homebuyers need just 3 percent down and subsequent homebuyers need 5 percent down. You need a debt ratio of around 36 percent. If you have compensating factors, some lenders may allow higher ratios.
South Carolina FHA loans
FHA loans are for those who don't qualify for conventional loans. Borrowers need a 580 credit score and 3.5 percent down. If you have a 500 - 579 credit score and 10 percent down, you may still qualify. Down payment assistance funds and gift funds are allowed. FHA loans require mortgage insurance for the life of the loan.
South Carolina VA loans
Veterans don't need a down payment. All you need is a 620 credit score proof you can afford the loan, your current debts, and the cost of living. You can get by with a high debt ratio and VA loans don't have mortgage insurance. They do have an upfront funding fee, but it's affordable.
South Carolina USDA loans
If you make less than 115 percent of the area's median income, consider a USDA loan. This is the alternate for any other loan program. You can't qualify for any other financing. You need a 640 credit score but don't need a down payment. USDA loans have affordable rates and mortgage insurance costs.
First-Time Homebuyer
Programs in South Carolina
SC Housing Homeownership
This program is for low-income families who can't qualify for any other program, but can afford a loan payment. It has low interest rates and costs to make homeownership a possibility for more people.
SC Housing Forgivable Down Payment Assistance
Eligible borrowers can get up to $6,000 in down payment assistance with a 10 or 20-year term. The term depends on your income. If you stay in the home for the term, it's forgiven and you owe nothing.
SC Mortgage Tax Credit Program
Eligible borrowers can receive an annual tax credit of up to $2,000 per year. You write off some of the mortgage interest you pay each year which makes it easier to afford your home.
Palmetto HEROES Program
Any essential workers or public servicers may be eligible for this program which provides a fixed 3.5 percent interest rate and up to $10,000 in forgivable down payment or closing cost assistance. Teachers, police officers, firefighters, grocery store workers, and package delivery drivers are among the eligible professions.