South Carolina VA loans for active duty military, veterans and their spouses
The VA mortgage loan was established specifically for men and women who are either active duty in the military or veterans. Their Surviving spouses also have access to VA mortgages, albeit with slightly stricter requirements. At Moreira Team, we help military families build wealth through sound financial choices. This is why we offer detailed information to anyone eligible and interested in getting a VA mortgage loan in South Carolina.
Mortgage Rates as of June, 1 2025 | See Rate Assumptions | Rate Terms Explained
Rate Table 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 96.5%; a minimum FICO score of 740, lock days at 15.
Term
Loan Amount
LTV
Points
30yr Fixed VA
$300,000
100.0%
1
15yr Fixed VA
$300,000
100.0%
1
Rates may be higher for loan amounts under $375,000. 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 $375,000 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
Rate Terms Explained
What are Mortgage Points?
Mortgage points, often called discount points, are optional fees that a homebuyer pays at closing in exchange for a reduced interest rate on their mortgage. This process is commonly referred to as "buying down the rate" or a "rate buydown.
What are Lender Credits?
Lender credits are a feature in mortgage financing where the lender agrees to cover some your closing costs in exchange for you accepting a higher interest rate on your loan. This arrangement can make it easier for buyers to afford the upfront costs of purchasing a home.
What is APR?
APR, or annual percentage rate, is a measure of the total yearly cost of borrowing money through a mortgage. Unlike the regular interest rate, which is just the cost of borrowing the principal, the APR incorporates both the interest rate and many of the fees and costs associated with getting your loan.
Rate Feature
Lender Credit
vs
Discount Points
Upfront Costs
Lower (less paid at closing)
Higher (more paid at closing)
Interest Rate
Higher Rate
Lower
Long Term Cost
Higher (more interest paid)
Lower (less interest paid)
Best for...
Short Term Ownership or Cash Strapped
Long Term Ownership or Cash Rich
South Carolina VA home loan eligibility
How do you know that you are eligible for a South Carolina VA loan? The first qualification is membership in the military, reservists or the National Guard. Active members of the military qualify as long as they have been in service for 6 months or more. If you are a Reservists or members of the National Guard, you will have to wait 6 years. However, if you are called to active duty before that you become eligible after 181 days of service.
Spouses of military members who died in the line of duty are also eligible to apply for a VA loan. To qualify for a South Carolina VA loan, your spouse’s death must be as a direct result of a service-related injury or disability.
Loans offered by VA lenders do not require any down payment. Another advantage is that VA loans don’t come with insurance requirements regardless of how much down payment you make. That said, you should know that you are required to pay a one-time funding fee on your VA loan. The amount varies depending on the total mortgage amount.
Are you interested in a VA mortgage in South Carolina? Start your application right here, or give us a call to speak directly with a loan advisor about your VA eligibility and what you qualify for.
