South Carolina Mortgage FHA Loan Limits for Refinancing and Home Purchase
The South Carolina mortgage market is resurging with 5% fixed rates that have been motivating homeowners to refinance or purchase with FHA loan limits up to $310,500 in high cost areas, like Hilton Head. Home refinancing has never been easier with cash out loans available up to 95% for qualified borrowers. The Housing of Urban Development raised the South Carolina mortgage maximum limits for 2008, but reduced them slightly in 2009. In 2010, FHA loan limits in South Carolina will remain at 2009 levels.
South Carolina mortgage rates are the lowest being reported since the Great Depression, so make a move and buy your dream house at an interest rate you can afford. If you are trying to refinance your adjustable rate mortgage but were previously turned down, you should reconsider, because there are new government home loans available to help bail-out struggling homeowners in South Carolina.
Carolina borrowers like the home refinancing options at Nationwide because we offer refinance and second mortgages that meet their needs without requiring them to come out of pocket and pay lending costs at closing. Not many South Carolina mortgage brokers are in a position to provide the low rates and comprehensive lending advice that you will receive from Nationwide.
2009/2010 FHA Limits for South Carolina Mortgage Loans 2010 loan limits for South Carolina can be seen below by county.
MSA Name
County Name
State
One-Family
Two-Family
Three-Family
Four-Family
CHESTER , SC (MICRO)
CHESTER
SC
$271,050
$347,000
$419,400
$521,250
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH , SC (MSA)
HORRY
SC
$286,250
$366,450
$442,950
$550,450
GREENVILLE , SC (MSA)
LAURENS
SC
$295,000
$377,650
$456,500
$567,300
GREENVILLE , SC (MSA)
PICKENS
SC
$295,000
$377,650
$456,500
$567,300
GREENVILLE , SC (MSA)
GREENVILLE
SC
$295,000
$377,650
$456,500
$567,300
GEORGETOWN , SC (MICRO)
GEORGETOWN
SC
$395,000
$505,650
$611,250
$759,600
CHARLESTON-NORTH CHARLESTON , SC (MSA)
BERKELEY
SC
$335,000
$428,850
$518,400
$644,250
CHARLESTON-NORTH CHARLESTON , SC (MSA)
CHARLESTON
SC
$335,000
$428,850
$518,400
$644,250
CHARLESTON-NORTH CHARLESTON , SC (MSA)
DORCHESTER
SC
$335,000
$428,850
$518,400
$644,250
NEWBERRY , SC (MICRO)
NEWBERRY
SC
$271,050
$347,000
$419,400
$521,250
ANDERSON , SC (MSA)
ANDERSON
SC
$271,050
$347,000
$419,400
$521,250
HILTON HEAD ISLAND-BEAUFORT, SC (MICRO)
JASPER
SC
$387,500
$496,050
$599,600
$745,200
HILTON HEAD ISLAND-BEAUFORT, SC (MICRO)
BEAUFORT
SC
$387,500
$496,050
$599,600
$745,200
UNION , SC (MICRO)
UNION
SC
$271,050
$347,000
$419,400
$521,250
ORANGEBURG , SC (MICRO)
ORANGEBURG
SC
$271,050
$347,000
$419,400
$521,250
CHARLOTTE-GASTONIA-CONCORD , NC -SC (MSA)
YORK
SC
$303,750
$388,850
$470,000
$584,150
GREENWOOD , SC (MICRO)
GREENWOOD
SC
$271,050
$347,000
$419,400
$521,250
SENECA , SC (MICRO)
OCONEE
SC
$271,050
$347,000
$419,400
$521,250
SPARTANBURG , SC (MSA)
SPARTANBURG
SC
$271,050
$347,000
$419,400
$521,250
LANCASTER , SC (MICRO)
LANCASTER
SC
$271,050
$347,000
$419,400
$521,250
SUMTER , SC (MSA)
SUMTER
SC
$271,050
$347,000
$419,400
$521,250
WALTERBORO , SC (MICRO)
COLLETON
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
LEE
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
MARION
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
BAMBERG
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
HAMPTON
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
BARNWELL
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
ABBEVILLE
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
ALLENDALE
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
CLARENDON
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
MCCORMICK
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
CHESTERFIELD
SC
$271,050
$347,000
$419,400
$521,250
NON-METRO
WILLIAMSBURG
SC
$271,050
$347,000
$419,400
$521,250
BENNETTSVILLE , SC (MICRO)
MARLBORO
SC
$271,050
$347,000
$419,400
$521,250
DILLON , SC (MICRO)
DILLON
SC
$271,050
$347,000
$419,400
$521,250
GAFFNEY , SC (MICRO)
CHEROKEE
SC
$271,050
$347,000
$419,400
$521,250
AUGUSTA-RICHMOND COUNTY , GA -SC (MSA)
AIKEN
SC
$271,050
$347,000
$419,400
$521,250
AUGUSTA-RICHMOND COUNTY , GA -SC (MSA)
EDGEFIELD
SC
$271,050
$347,000
$419,400
$521,250
FLORENCE , SC (MSA)
FLORENCE
SC
$271,050
$347,000
$419,400
$521,250
FLORENCE , SC (MSA)
DARLINGTON
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
SALUDA
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
CALHOUN
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
KERSHAW
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
RICHLAND
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
FAIRFIELD
SC
$271,050
$347,000
$419,400
$521,250
COLUMBIA , SC (MSA)
LEXINGTON
SC
$271,050
$347,000
$419,400
$521,250
Podcast: Loan Talk "Refinancing with FHA Mortgage Loans"
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Nationwide Mortgage Loans continues to roll out new South Carolina refinancing incentives. FHA Mortgage Programs are popular because they allow higher home loan limits with additional cash out options for refinancing and debt consolidation to 95%.
Resource Tools
ARM vs. Fixed Rate Calculator
Carolina borrowers should know the payment differences when comparing fixed and variable rate home loans. How does a fixed rate 1st mortgage compare to an adjustable rate mortgage?
