South Carolina Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in South Carolina (SC). The median home price in South Carolina is $236,700, with an effective property tax rate of 0.51% (ranked #47 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real South Carolina data.

South Carolina Property Tax Information

South Carolina has an effective property tax rate of 0.51%, ranking #47 among all 50 states. The median annual property tax is $1,199 ($100/month). Source: Tax Foundation 2025.

South Carolina Loan Limits 2026

FHA loan limit in South Carolina: $524,225 (floor) to $524,225 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $806,500 (ceiling).

Estimated Monthly Payment in South Carolina

For a median-priced home of $236,700 with 20% down ($47,340), at 6.5% interest over 30 years: estimated monthly principal and interest is $1,197, plus $100 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $1,422/month.

South Carolina Closing Costs

Average closing costs in South Carolina are $2,883 (0.65% of purchase price), ranked #38 nationally. South Carolina charges a transfer tax on real estate transactions. Source: Bankrate/LodeStar 2025.

South Carolina Housing Market 2026

Home prices in South Carolina have increased 3.2% year-over-year. Average days on market: 42. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in South Carolina

South Carolina offers 3 down payment assistance programs through South Carolina State Housing Finance and Development Authority (SC Housing):

  • SC Housing Homebuyer Program (forgivable loan): Forgivable over 10 years. Competitive rates. - Up to Up to 4% of loan amount
  • Palmetto Home Advantage (second mortgage): 0% interest, deferred payment second mortgage. - Up to Up to $8,000
  • Palmetto Heroes (forgivable loan): For teachers, first responders, healthcare workers, veterans. - Up to Up to $10,000

Contact SC Housing: https://www.schousing.com | Phone: 803-896-9001

Did You Know About South Carolina?

  • South Carolina has one of the lowest property tax rates in the nation
  • Owner-occupied homes assessed at just 4% of market value
  • Charleston and Greenville are fastest-growing markets
  • Deed recording fee is $1.85 per $500 (low transfer cost)

Frequently Asked Questions About Buying a Home in South Carolina

What is the average property tax rate in South Carolina?

The effective property tax rate in South Carolina is 0.51%, with a median annual tax of $1,199. This ranks #47 among all states.

What are the FHA loan limits in South Carolina for 2026?

The FHA loan floor in South Carolina is $524,225 and the ceiling is $524,225 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in South Carolina?

Average closing costs in South Carolina are $2,883, which is approximately 0.65% of the purchase price.

Are there first-time homebuyer programs in South Carolina?

Yes, South Carolina offers 3 down payment assistance programs through South Carolina State Housing Finance and Development Authority, including grants, forgivable loans, and second mortgages.

Is South Carolina a good place to buy a home in 2026?

With a median home price of $236,700 and moderate inventory, South Carolina is currently a buyer's market. Home prices have increased 3.2% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.