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South Carolina VA Loans

  • Buy a Home with 0% Down
  • Refinance to Lower Monthly Payments
  • Lower your monthly payment
  • Easy to Qualify
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Secure a VA Mortgage in South Carolina

The South Carolina VA loan helps veterans purchase homes and refinance mortgages at competitive low rates and with highly advantageous terms.  All VA loans are backed by the Department of Veteran Affairs (VA).

Jump to: Eligibility | Loan Limits

What is the VA Loan?

Why was the VA loan program created?  What is it for?  These questions are not difficult to answer.  The VA loan program is designed to help veterans purchase homes and build wealth long term.  These loans are provided through private lenders and guaranteed by the VA, which removes some of the lending risk.  In this lower risk situation, lenders can offer more advantageous loans to veterans.  Simple as that.

VA Loan Benefits in South Carolina

The following list identifies some of the most common and most unique benefits of the VA loan program.

  • There is no down payment requirement.  There are few loan types like this in existence.
  • Private mortgage insurance is not required.  This is unheard of in a zero down loan environment.
  • You can pay the loan off as fast as you want without any penalties.
  • You can select the loan type that best meets your needs.
  • Closing costs can be rolled into the loan.

VA Loan Requirements and Eligibility

If you’ve served in a branch of the US Armed Services for at least 90 consecutive days and haven’t been discharged dishonorably at any time during your military career, you meet the basic requirements for VA loan eligibility.  Obtain a certificate of eligibility (COE) from the VA office to prove your qualifications. 

Note that in addition to eligibility requirements are those for qualification. You should have a credit score of at least 620. Contact a VA loan specialist to discuss your mortgage options further. 

VA Refinance

The South Carolina VA Streamline refinance allows veterans to refinance their current mortgages into new mortgage with better rates and terms.  With a Streamline refinance, you’re able to save a lot of money on your mortgage payments due to your new low rate.  The "streamline" apsect of the refinance eliminates many of the costs and paperwork requirements typically tied to a refinance.

Borrowers also have the option of pursuing a VA Cash-Out refinance, freeing up to 100% of their current home equity as funds which can be used for tuition, health, home improvement, or other payments. If you do not have a VA loan currently, you may refinance into a VA mortgage using the Cash-Out program. 

South Carolina VA Mortgage Rates

In any case, regardless of whether you’re purchasing a home or refinancing a mortgage, you’ll need to find the best mortgage rate available to you before you lock in your terms.  A higher mortgage rate will cost you more money over the course of your loan, while a lower mortgage rate will save you money.  Try to identify the lowest mortgage rates in your area before you sign on the dotted line.

VA Lenders in South Carolina

If you need help getting started with your VA loan research, simply fill out the form at the top of the page and we’ll put you in touch with up to four lenders in your part of South Carolina.  Ask these lenders about their rates, VA loan limits, and application costs.  You can get more VA mortgage information from the Department of Veteran Affairs.

South Carolina Military Information

South Carolina has a large amount of military installations and a strong military presence.  There are six bases in the state, including Fort Jackson, Shaw Air Force Base, Charleston Air Force Base, Beaufort Air Station, Parris Island Recruit Depot, and Charleston Naval Weapons Station.  These military bases are where many of the South Carolina VA home loan applicants live and work.

VA Loan Lending Limits in South Carolina

Below is the list of the maximum VA loan limits for counties in South Carolina:

County Loan Limit
ABBEVILLE $417,000
AIKEN $417,000
ALLENDALE $417,000
ANDERSON $417,000
BAMBERG $417,000
BARNWELL $417,000
BEAUFORT $417,000
BERKELEY $417,000
CALHOUN $417,000
CHEROKEE $417,000
CHESTER $417,000
CLARENDON $417,000
COLLETON $417,000
DILLON $417,000
EDGEFIELD $417,000
FAIRFIELD $417,000
FLORENCE $417,000
GREENWOOD $417,000
HAMPTON $417,000
HORRY $417,000
JASPER $417,000
KERSHAW $417,000
LANCASTER $417,000
LAURENS $417,000
LEE $417,000
LEXINGTON $417,000
MCCORMICK $417,000
MARION $417,000
MARLBORO $417,000
NEWBERRY $417,000
OCONEE $417,000
PICKENS $417,000
RICHLAND $417,000
SALUDA $417,000
SUMTER $417,000
UNION $417,000
YORK $417,000

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user suit Lenders in: South Carolina.

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