South Carolina USDA Loan Rates, Closing Costs & Stats

South Carolina

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    South Carolina USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in South Carolina averaged 6.16% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    South Carolina's average USDA mortgage closing costs are $5,559.

    The average rate for the prior week (2025-03-28) was 6.32% and one month ago for the week of 2025-02-28, the average rate was 6.27%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.25%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    South Carolina USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the South Carolina level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 87 5.04% $5,830
    GUILD MORTGAGE COMPANY 33 6.42% $7,871
    CROSSCOUNTRY MORTGAGE, LLC 33 6.69% $7,411
    UNITED WHOLESALE MORTGAGE, LLC 32 6.17% $9,763
    EAGLE HOME MORTGAGE, LLC 30 5.97% $10,389
    PRIMELENDING, A PLAINSCAPITAL COMPANY 29 6.31% $9,051
    Alcova Mortgage LLC 26 6.65% $2,967
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 6.41% $8,621
    MOVEMENT MORTGAGE, LLC 24 6.36% $8,833
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 23 6.40% $8,593
    UNION HOME MORTGAGE CORP. 19 6.49% $8,281
    NVR Mortgage Finance, Inc. 18 5.83% $8,632
    FBC MORTGAGE, LLC 17 5.21% $6,703
    Magnolia Bank 15 6.50% $8,009
    TOWNE MORTGAGE COMPANY 15 6.22% $7,938
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.29% $6,922
    RESOURCE FINANCIAL SERVICES, INC. 13 6.20% $6,930
    First-Citizens Bank & Trust Company 13 5.98% $6,980
    Flagstar Bank, FSB 13 6.54% $6,070
    SUN WEST MORTGAGE COMPANY, INC. 12 6.34% $7,781
    Renasant Bank 11 6.51% $7,132
    Paramount Residential Mortgage Group, Inc. 11 6.33% $7,785
    VANDERBILT MORTGAGE AND FINANCE, INC. 10 5.90% $8,535
    Ameris Bank 10 5.99% $8,581
    First Palmetto Bank 10 6.07% $7,499
    Security Federal Bank 9 6.03% $7,325
    SOUTHPOINT FINANCIAL SERVICES, INC. 9 6.54% $4,401
    Sierra Pacific Mortgage Company, Inc. 8 6.23% $9,224
    Assurance Financial Group, L.L.C. 8 6.33% $6,689
    Countybank 8 6.27% $6,437
    T2 FINANCIAL LLC 8 6.75% $9,823
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.69% $7,572
    HOMESIDE FINANCIAL, LLC 8 6.61% $7,928
    ACOPIA, LLC 7 6.59% $8,177
    CALCON MUTUAL MORTGAGE LLC 7 6.32% $8,942
    South State Bank 7 6.00% $6,550
    NEWREZ LLC 7 6.29% $6,317
    First Reliance Bank 7 5.95% $8,482
    Network Funding, L.P. 7 5.93% $8,275
    CARDINAL FINANCIAL 7 6.59% $6,982
    INSPIRE HOME LOANS INC. 7 5.13% $8,228
    First Heritage Mortgage, LLC 7 6.37% $8,354
    PLAZA HOME MORTGAGE, INC. 6 6.67% $8,656
    FIRST COMMUNITY MORTGAGE, INC. 6 6.52% $7,484
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.60% $7,666
    1ST SIGNATURE LENDING, LLC 6 6.29% $12,606
    The Loan Store, Inc. 6 6.17% $7,749
    GUARANTEED RATE AFFINITY, LLC 5 6.95% $7,263
    BROKER SOLUTIONS, INC. 5 6.52% $11,166
    United Community Bank 5 5.90% $7,989
    LOANDEPOT.COM, LLC 5 5.93% $9,753
    STOCKTON MORTGAGE CORPORATION 4 6.38% $6,882
    MID AMERICA MORTGAGE, INC. 4 6.47% $4,552
    American Security Mortgage Corp. 4 5.38% $9,376
    GSF Mortgage Corporation 4 6.47% $8,831
    Presidential Bank, FSB 4 6.09% $9,164
    Keystone Funding, Inc. 4 6.19% $7,938
    HOWARD HANNA FINANCIAL SERVICES, INC. 4 6.53% $6,585
    American Mortgage & Equity Consultants, Inc. 4 6.06% $8,251
    FREEDOM MORTGAGE CORPORATION 3 6.54% $7,292
    AMERICAN FINANCIAL NETWORK, INC. 3 6.25% $7,982
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.42% $8,182
    CMG MORTGAGE, INC. 3 6.54% $7,702
    DELMAR FINANCIAL COMPANY 3 6.38% $8,997
    Equity Prime Mortgage LLC 3 7.08% $7,277
    First Federal Bank 3 6.46% $11,125
    GENEVA FINANCIAL, LLC 3 6.54% $10,041
    INTERLINC MORTGAGE SERVICES, LLC 3 5.92% $5,754
    NORWICH COMMERCIAL GROUP, INC. 3 5.92% $8,306
    Plains Commerce Bank 3 6.67% $7,121
    SWBC MORTGAGE CORPORATION 3 6.38% $4,672
    Truist 3 6.00% $5,713
    United Bank 3 5.83% $6,748
    Summit Mortgage Corporation 2 6.88% $7,556
    GUARANTEED RATE, INC. 2 6.41% $5,468
    VELOCIO MORTGAGE L.L.C. 2 3.99% $8,283
    BancorpSouth 2 6.13% $6,009
    EQUITY RESOURCES, INC. 2 6.50% $4,133
    SENTE MORTGAGE, INC. 2 6.56% $9,093
    Towne Bank 2 5.81% $9,002
    C & F Mortgage Corporation 2 6.63% $5,941
    Integrity Home Mortgage Corp 2 5.69% $9,236
    Queensborough National Bank & Trust Company 2 6.25% $8,326
    Regions Bank 2 5.75% $8,127
    BANKSOUTH MORTGAGE COMPANY, LLC 2 6.18% $8,990
    Gateway First Bank 2 6.75% $9,581
    SOUTHWEST FUNDING, LP 2 6.44% $8,351
    Mortgage Research Center, LLC 2 6.69% $6,517
    First Bank 2 5.56% $5,139
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $9,906
    NATION ONE MORTGAGE CORPORATION 2 6.44% $6,739
    NFM, INC. 2 6.81% $8,469
    EVANSVILLE TEACHERS 1 6.13% $5,230
    Synovus Bank 1 6.50% $8,737
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $7,376
    TruHome Solutions, LLC 1 6.13% $9,778
    Victorian Finance, LLC 1 6.13% $6,283
    Trustmark National Bank 1 6.50% $8,261
    Waterstone Mortgage Corporation 1 5.38% $7,305
    Bank of England 1 7.25% $7,304
    MORTGAGE INVESTORS GROUP, INC. 1 6.63% $5,584
    LEADERONE FINANCIAL CORPORATION 1 7.13% $4,465
    MORTGAGE EQUITY PARTNERS LLC 1 6.63% $9,182
    Ixonia Bank 1 6.38% $15,106
    ON Q FINANCIAL, INC. 1 6.25% $7,796
    OPEN MORTGAGE, LLC 1 6.63% $6,969
    Paramount Bank 1 5.75% $11,217
    Atlantic Coast Mortgage, LLC 1 6.49% $6,203
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.00% $9,104
    PNC Bank 1 6.75% $4,076
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.49% $9,316
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.38% $6,413
    Princeton Mortgage Corporation 1 6.25% $8,431
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.75% $5,395
    ROYAL UNITED MORTGAGE LLC 1 6.75% $13,340
    First Horizon Bank 1 6.63% $6,916
    First Community Bank 1 6.75% $6,018
    Southern First Bank 1 5.50% $10,561
    FIRST CHOICE MORTGAGE, INC. 1 6.38% $3,079
    FirstBank 1 5.63% $17,088
    SUMMIT FUNDING, INC. 1 5.75% $7,988

    The top South Carolina USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 87 USDA loans originated. Their average total fees are $5,830, which is $2,040 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee South Carolina USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($2,967), DHI MORTGAGE COMPANY, LTD. ($5,830), Flagstar Bank, FSB ($6,070), FBC MORTGAGE, LLC ($6,703) and ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,922).

    The lowest rate South Carolina USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.04%), FBC MORTGAGE, LLC (5.21%), NVR Mortgage Finance, Inc. (5.83%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.90%) and EAGLE HOME MORTGAGE, LLC (5.97%).