It is very important that you get pre-approved for a mortgage in South Carolina even before you start house-hunting. A pre-approval is a type of statement from the lender showing that they have verified your documents, income, credit score and other factors and can confirm that you are eligible to get a certain amount of money as financing for the home you want to buy.
Today's South Carolina Mortgage Rates
30 Yr. Fixed6.875%APR 7.369%
15 Yr. Fixed6.000%APR 6.538%
30 Yr. Fixed FHA6.125%APR 7.068%
30 Yr. Fixed VA6.000%APR 6.459%
Mortgage Rates as of December, 21 2024 See All Rates | See Rate Assumptions
Conventional Rates shown assume a purchase transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value ratio of less than or equal to 95%; a minimum FICO score of 760, lock days at 30.
Term
Loan Amount
LTV
Points
30yr Fixed
$351,000
95.0%
1
15yr Fixed
$351,000
95.0%
1
30yr Jumbo
$750,000
75.0%
1
30yr FHA
$275,000
96.5%
1
30yr VA
$300,000
100.0%
1
Rates may be higher for loan amounts under $351,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply. Ask for details.
Moreira Team | MortgageRight is an Equal Opportunity Lender
“Rate Over X%” Assumptions
Rates shown assume a refinance transaction.
Annual Percentage Rate (APR) calculations assume a purchase transaction of a single-family, detached, owner-occupied primary residence; a loan-to-value of 75%; a minimum FICO score of 740; a Loan Term of 360 months; and a loan amount of $300,000 for conforming loans.
Rates may be higher for loan amounts under $275,000. Please call for details.
Rates are subject to change without notice.
Closing Costs assume that borrower will escrow monthly property tax and insurance payments.
Subject to underwriter approval; not all applicants will be approved.
Fees and charges apply.
Payments do not include taxes and insurance.
Rates based on information gathered from OptimalBlue.
Mortgage insurance is not included in the payment quoted. Mortgage insurance will be required for all FHA and USDA loans as well as conventional loans where the loan to value is greater than 80%.
Restrictions may apply.
Moreira Team | MortgageRight is an Equal Opportunity Lender
Do not confuse it with a pre-qualification. The latter is a less weighty indication of how much you can afford. But a pre-approval shows that the lender is, in fact, willing to give you the money.
A South Carolina mortgage pre-approval will show that you can get the money required to buy the home once you agree on the price with the seller. That usually makes seller comfortable to negotiate with you. In fact, if you make an offer using a South Carolina pre-approval letter you just might convince the seller to take the property off the market and reserve it for you. So, before you approach a real estate agent and start house hunting, get pre-approved first. Moreira Team can help you with that. We have a simple online system that you can use to get pre-approved for a South Carolina mortgage loan.
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What Will You Need to Get Pre-approved for a Mortgage in South Carolina?
Your two most recent pay stubs as proof of income received from your employment.
Your two most recent W-2s to show your wage, salary and tax information.
Two most recent bank statements to show that you have the stated down payment.
If you have these documents ready, you can go ahead and apply for a pre-approval. Alternatively, contact us, and we will do that for you.
