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South Carolina Mortgage Refinance Rates

Get a Lower rate in South Carolina whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.

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Current South Carolina Home Refinance Rates

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Refinance Rates Trend in South Carolina

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

Rates as of November 6, 2026 · Avg South Carolina property tax: 0.41%

Today’s 30-year fixed refinance rate in South Carolina is 7.000% (7.339% APR), and a 15-year is 6.375% (6.970% APR). On a typical $274,000 South Carolina loan, that’s about $1,823 a month in principal and interest over 30 years or $2,368 over 15. These figures use a typical South Carolina home price of $390,800 (the average of the median prices in its largest cities) and a loan at 70% of that value. Your numbers depend on your balance, your home’s value and your credit.

How much could you save by refinancing in South Carolina?

Monthly savings on a $274,000 balance if you refinance into today’s 30-year fixed rate of 7.000% (7.339% APR), by the rate you have now. If your current rate is at or below about 7.000%, a rate-and-term refinance at today’s rate won’t lower your payment; a cash-out refinance or HELOC may fit better if you need cash.

Your current rate Payment now New payment Monthly savings Break-even
7.500% $1,916 $1,823 $93 99 months
8.000% $2,011 $1,823 $188 49 months
8.500% $2,107 $1,823 $284 33 months

Principal and interest only, comparing 30-year payments on the same $274,000 balance. New payment at 7.000% (7.339% APR) with 2.125 discount points. Break-even divides the points and lender fees built into that APR (about $9,125 on this loan) by the monthly savings; title, appraisal and other third-party closing costs add to that (try our refinance break-even calculator with your own numbers). Restarting a 30-year term can mean more total interest even when the payment drops.

Refinance payments in South Carolina's largest cities

Estimated monthly cost after refinancing a loan at 70% of each city’s median home price into today’s 30-year fixed rate of 7.000% (7.339% APR), with local property taxes and homeowners insurance.

City Median price Loan (70%) Principal & interest Taxes & insurance Total monthly
Charleston $668,876 $468,000 $3,114 $545 $3,658
Columbia $255,000 $179,000 $1,191 $429 $1,620
North Charleston $368,950 $258,000 $1,716 $442 $2,159
Greenville $385,000 $270,000 $1,796 $487 $2,283
Greer $377,900 $265,000 $1,763 $484 $2,247
Sumter $289,000 $202,000 $1,344 $444 $1,788

Principal and interest at 7.000% (7.339% APR) (30-year conforming refinance). Median prices from Movoto market trends, September 2026.

15-year vs. 30-year refinance in South Carolina

On a typical $274,000 South Carolina loan, a 15-year refinance costs about $545 more a month than a 30-year, but saves about $230,006 in interest over the life of the loan.

Loan term Rate (APR) Principal & interest Total interest
30-year fixed7.000% (7.339% APR)$1,823$382,254
15-year fixed6.375% (6.970% APR)$2,368$152,248

Conforming refinance rates for South Carolina as of November 6, 2026. Total interest assumes you keep the loan for the full term and make every scheduled payment. Taxes and insurance are the same for either term.

Refinance options in South Carolina by loan type

The examples above assume you’re refinancing into a conventional loan. If you have an FHA or VA loan, owe more than the conforming limit, or want to take cash out, one of these options may fit better.

If you have an FHA loan

FHA streamline refinance

Refinance an existing FHA loan with limited credit documentation and often no appraisal. FHA mortgage insurance still applies.

If you have a VA loan

VA IRRRL

The VA’s Interest Rate Reduction Refinance Loan lowers your rate with less paperwork than a standard refinance, with no monthly mortgage insurance.

If you owe more than $832,750

Jumbo refinance

A balance above the county’s 2026 conforming loan limit refinances into a jumbo loan.

If you need cash

Cash-out refinance or HELOC

A cash-out refinance replaces your loan with a larger one and pays you the difference. A HELOC lets you borrow against your equity and keep your current rate.

South Carolina refinance FAQs

What are refinance rates in South Carolina today?

As of November 6, 2026, Lower’s 30-year fixed refinance rate in South Carolina is 7.000% (7.339% APR) and the 15-year is 6.375% (6.970% APR). FHA refinances start at 6.490% (7.403% APR) and VA refinances at 6.500% (6.856% APR). Your rate depends on your credit, equity, loan amount and points.

When does refinancing make sense in South Carolina?

When the monthly savings pay back your closing costs before you sell or refinance again. On a typical $274,000 South Carolina loan, going from 8.000% to today’s 7.000% (7.339% APR) saves about $188 a month, and the points and lender fees in today’s quote (about $9,125) take about 49 months to recover. Compare the new term too: restarting at 30 years can add interest even when the payment drops.

Do Charleston, Columbia or North Charleston have higher conforming loan limits?

No. Every South Carolina county uses the same $832,750 limit for a one-unit home in 2026. A refinance above the limit is a jumbo loan, priced today at 6.875% (7.131% APR) for 30 years.

Can I refinance a VA loan in South Carolina?

Yes. If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan (IRRRL) can lower your rate with less paperwork than a standard refinance. Lower’s 30-year VA refinance rate in South Carolina is 6.500% (6.856% APR) today. VA and lender requirements apply.

Related South Carolina mortgage pages

Movoto market trends data, September 2026, for each city. Cities are the state's largest by Census Bureau population estimates (Vintage 2024) among cities with Movoto data; where a city has too few sales, the next-busiest markets by homes sold fill in. Conforming loan limits: FHFA, 2026. Property tax estimates use county effective rates from the American Community Survey; homeowners insurance estimates are average annual premiums from The Zebra; your quote will vary. Rates as of November 6, 2026. Examples only; not an offer of credit. Your rate and payment depend on your credit, down payment, loan type and other factors.

Loan Officers in South Carolina

Ashton Mitchell

Ashton Mitchell

Branch Manager

NMLS ID# 1266342

Linda Roudebush

Linda Roudebush

Branch Manager

NMLS ID# 1193792

Gabby Leonard

Gabby Leonard

Loan Officer Assistant

NMLS ID# 2026196

Mackenzie Pitt

Mackenzie Pitt

Loan Officer

NMLS ID# 2071615

Nicole Munnerlyn

Nicole Munnerlyn

Branch Manager, VP

NMLS ID# 1987020

Sonya Pitt

Sonya Pitt

Branch Manager

NMLS ID# 182524

Laura Heath

Laura Heath

Production Manager - RMLO

NMLS ID# 1095626

Beth Teague

Beth Teague

Loan Officer

NMLS ID# 1725965

Lisa DePriest

Lisa DePriest

Loan Advisor

NMLS ID# 182231

Shonna Lee

Shonna Lee

Branch Manager

NMLS ID# 618535

Cameron Lewis

Cameron Lewis

Branch Manager

NMLS ID# 112509

Bruce Buckless

Bruce Buckless

Regional Vice President

NMLS ID# 116886

Amber Koester

Amber Koester

Senior Loan Officer

NMLS ID# 1764109

Travis Walthall

Travis Walthall

Loan Officer

NMLS ID# 1864838

Cam Lewis

Cam Lewis

Mortgage Loan Advisor

NMLS ID# 2778892

Megan Deitsch

Megan Deitsch

Loan Officer

NMLS ID# 1720102

Corey Deitsch

Corey Deitsch

Loan Officer

NMLS ID# 1458773

Danielle Kelley

Danielle Kelley

Loan Advisor

NMLS ID# 2448817

Landon Kail

Landon Kail

VP of Lending

NMLS ID# 1549676

Christian Ruiz

Christian Ruiz

Loan Officer

NMLS ID# 2860997

Tiana Winter

Tiana Winter

Branch Manager, VP

NMLS ID# 2010836

All Loan Officers in South Carolina

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