Today's South Carolina (SC) Mortgage Rates

South Carolina (SC) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 1,082,059
Application denied by financial institution: 465,434
Loan purchased by the institution: 401,645
Application withdrawn by applicant: 214,467
Application approved but not accepted: 116,445
File closed for incompleteness: 63,493
Preapproval request denied by financial institution: 232
Preapproval request approved but not accepted: 35

Purpose of Loans

Refinancing: 1,246,906
Home purchase: 979,480
Home improvement: 117,424

Mortgage Types

Conventional: 1,725,936
FHA-insured: 389,820
VA-guaranteed: 170,247
FSA/RHS-guaranteed: 57,807

Mortage Actions by Applicant Race

White: 1,559,928
Black or African American: 296,407
Information not provided by applicant in mail, Internet, or telephone application: 246,362
Not applicable: 201,038
Asian: 27,290
American Indian or Alaska Native: 8,304
Native Hawaiian or Other Pacific Islander: 4,481

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 1,833,505
Information not provided by applicant in mail, Internet, or telephone application: 261,285
Not applicable: 201,556
Hispanic or Latino: 47,464

Mortage Actions by Applicant Sex

Male: 1,371,915
Female: 622,091
Not applicable: 200,951
Information not provided by applicant in mail, Internet, or telephone application: 148,853

Mortage Actions by Agency Name

Department of Housing and Urban Development: 671,973
Consumer Financial Protection Bureau: 533,736
Office of the Comptroller of the Currency: 431,787
Federal Deposit Insurance Corporation: 287,963
Federal Reserve System: 181,760
Office of Thrift Supervision: 154,291
National Credit Union Administration: 82,300

Mortage Actions by County

Mortage Actions by City

Unknown: 402,258
Columbia – SC: 393,969
Charleston, North Charleston, Summerville – SC: 284,903
Greenville, Mauldin, Easley – SC: 261,304
Charleston, North Charleston – SC: 150,661
Myrtle Beach, North Myrtle Beach, Conway – SC: 131,558
Spartanburg – SC: 130,121
Augusta, Richmond County – GA, SC: 80,756
Florence – SC: 71,512
Greenville, Anderson, Mauldin – SC: 70,588
Anderson – SC: 67,828
Charlotte, Gastonia, Concord – NC, SC: 59,399
Charlotte, Gastonia, Rock Hill – NC, SC: 59,120
Sumter – SC: 43,203
Myrtle Beach, Conway, North Myrtle Beach – SC: 39,325
Charlotte, Concord, Gastonia – NC, SC: 38,060
Myrtle Beach, Conway, North Myrtle Beach – SC, NC: 36,127
Hilton Head Island, Bluffton, Beaufort – SC: 23,118

Mortage Denial Reasons

Unknown: 2,029,734
Credit history: 102,059
Collateral: 65,688
Debt-to-income ratio: 64,227
Other: 32,836
Credit application incomplete: 28,340
Unverifiable information: 9,711
Insufficient cash (downpayment, closing costs): 6,561
Employment history: 4,024
Mortgage insurance denied: 630

HOEPA Status of Mortage Loans

Not a HOEPA loan: 2,343,497
HOEPA loan: 313

Lien Status of Mortage Loans

Secured by a first lien: 1,826,608
Not applicable: 401,645
Secured by a subordinate lien: 67,970
Not secured by a lien: 47,587

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 2,044,998
Not owner-occupied as a principal dwelling: 291,773
Not applicable: 7,039

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 2,204,868
Manufactured housing: 136,394
Multifamily dwelling: 2,548

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 1,243,377
Fannie Mae (FNMA): 302,671
Ginnie Mae (GNMA): 214,394
Freddie Mac (FHLMC): 188,733
Commercial bank, savings bank or savings association: 125,917
Affiliate institution: 97,188
Life insurance company, credit union, mortgage bank, or finance company: 79,861
Other type of purchaser: 78,060
Private securitization: 13,473
Farmer Mac (FAMC): 136