What are FHA Loan Limits in South Carolina?

FHA loans are a low down payment mortgage program and South Carolina FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in South Carolina are set at the floor amount of $275,665 across half the state.

South Carolina FHA Loan Limits Search:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
ABBEVILLENON-METRO$331,760$424,800$513,450$638,100
AIKENAUGUSTA-RICHMOND COUNTY, GA-SC$331,760$424,800$513,450$638,100
ALLENDALENON-METRO$331,760$424,800$513,450$638,100
ANDERSONGREENVILLE-ANDERSON, SC$331,760$424,800$513,450$638,100
BAMBERGNON-METRO$331,760$424,800$513,450$638,100
BARNWELLNON-METRO$331,760$424,800$513,450$638,100
BEAUFORTHILTON HEAD ISLAND-BLUFFTON, SC$350,750$449,000$542,750$674,500
BERKELEYCHARLESTON-NORTH CHARLESTON, SC$391,000$500,550$605,050$751,900
CALHOUNCOLUMBIA, SC$331,760$424,800$513,450$638,100
CHARLESTONCHARLESTON-NORTH CHARLESTON, SC$391,000$500,550$605,050$751,900
CHEROKEEGAFFNEY, SC$331,760$424,800$513,450$638,100
CHESTERCHARLOTTE-CONCORD-GASTONIA, NC-SC$331,760$424,800$513,450$638,100
CHESTERFIELDNON-METRO$331,760$424,800$513,450$638,100
CLARENDONSUMTER, SC$331,760$424,800$513,450$638,100
COLLETONNON-METRO$331,760$424,800$513,450$638,100
DARLINGTONFLORENCE, SC$331,760$424,800$513,450$638,100
DILLONNON-METRO$331,760$424,800$513,450$638,100
DORCHESTERCHARLESTON-NORTH CHARLESTON, SC$391,000$500,550$605,050$751,900
EDGEFIELDAUGUSTA-RICHMOND COUNTY, GA-SC$331,760$424,800$513,450$638,100
FAIRFIELDCOLUMBIA, SC$331,760$424,800$513,450$638,100
FLORENCEFLORENCE, SC$331,760$424,800$513,450$638,100
GEORGETOWNGEORGETOWN, SC$331,760$424,800$513,450$638,100
GREENVILLEGREENVILLE-ANDERSON, SC$331,760$424,800$513,450$638,100
GREENWOODGREENWOOD, SC$331,760$424,800$513,450$638,100
HAMPTONNON-METRO$331,760$424,800$513,450$638,100
HORRYMYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC$331,760$424,800$513,450$638,100
JASPERHILTON HEAD ISLAND-BLUFFTON, SC$350,750$449,000$542,750$674,500
KERSHAWCOLUMBIA, SC$331,760$424,800$513,450$638,100
LANCASTERCHARLOTTE-CONCORD-GASTONIA, NC-SC$331,760$424,800$513,450$638,100
LAURENSGREENVILLE-ANDERSON, SC$331,760$424,800$513,450$638,100
LEENON-METRO$331,760$424,800$513,450$638,100
LEXINGTONCOLUMBIA, SC$331,760$424,800$513,450$638,100
MARIONNON-METRO$331,760$424,800$513,450$638,100
MARLBOROBENNETTSVILLE, SC$331,760$424,800$513,450$638,100
MCCORMICKNON-METRO$331,760$424,800$513,450$638,100
NEWBERRYNEWBERRY, SC$331,760$424,800$513,450$638,100
OCONEESENECA, SC$331,760$424,800$513,450$638,100
ORANGEBURGORANGEBURG, SC$331,760$424,800$513,450$638,100
PICKENSGREENVILLE-ANDERSON, SC$331,760$424,800$513,450$638,100
RICHLANDCOLUMBIA, SC$331,760$424,800$513,450$638,100
SALUDACOLUMBIA, SC$331,760$424,800$513,450$638,100
SPARTANBURGSPARTANBURG, SC$331,760$424,800$513,450$638,100
SUMTERSUMTER, SC$331,760$424,800$513,450$638,100
UNIONUNION, SC$331,760$424,800$513,450$638,100
WILLIAMSBURGNON-METRO$331,760$424,800$513,450$638,100
YORKCHARLOTTE-CONCORD-GASTONIA, NC-SC$331,760$424,800$513,450$638,100

South Carolina FHA loan limits can change at any time. Check back often to ensure information is accurate.

How are South Carolina FHA Limits Set?

South Carolina FHA Loan LimitsMortgage limits for South Carolina FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.

South Carolina FHA Loan-to-Value Limits (LTV)

  • Purchase Loans –  The mortgage loan-to-value limit in South Carolina is 96.5% of the lower of the purchase price or the appraised value of the home.
  • Refinance Loans – The refinance loan-to-value limit in South Carolina is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.

South Carolina FHA loan limits are set above the nationwide floor amount in Charleston, Hilton Head, Greenville, Spartanburg and surrounding areas. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:

More FHA Loan Resources

 

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