Mortgage in Taylors, SC (2026)

Find the best mortgage rates in Taylors, SC. The Taylors housing market offers opportunities for first-time buyers and seasoned investors alike, with mortgage rates remaining competitive in 2026.

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Taylors Overview

Taylors is a key market in South Carolina with a population of 23,348 and a median household income of $48,000. The median home price stands at $240,000, shaping the local borrowing landscape.

Rates & Terms

Borrowers in Taylors with credit scores above 760 and 20% down payments qualify for the best conventional mortgage rates.

Adjustable-rate mortgages in SC start 0.5% to 1% lower than fixed rates but carry reset risk after the initial fixed period.

Requirements in Taylors

VA loans require a valid Certificate of Eligibility and meet minimum service requirements; no down payment is required in Taylors.

Jumbo loans in Taylors for amounts exceeding conforming limits require credit scores of 700+, larger down payments, and significant cash reserves.

South Carolina Regulations

South Carolina regulates payday lending with specific amount and fee caps.

  • Usury Limit: 8.75% (non-licensed)
  • Payday Lending: Legal, max $550, 15% fee

Local Market Insights

Property taxes in SC should be factored into your total monthly housing budget alongside principal, interest, and insurance.

With a median home price of $240,000, Taylors offers a dynamic housing market for prospective buyers.

Borrowing Tips for Taylors

  • Consider a 15-year mortgage if you can afford the higher payment; you will save massive interest over the loan life.
  • Lock your mortgage rate once you have a signed purchase agreement; rates can change daily and cost you thousands.
  • Save for closing costs in addition to your down payment; expect 2-5% of the loan amount for closing expenses.

Frequently Asked Questions

Should I choose a fixed or adjustable-rate mortgage?

Choose a fixed-rate mortgage if you plan to stay in the home long-term and want payment stability. An ARM may save money if you plan to sell or refinance within 5-7 years.

What is the current average mortgage rate in SC?

As of 2026, average 30-year fixed mortgage rates in SC range from 6.5% to 7.5%, while 15-year fixed rates range from 5.75% to 6.75%. Rates vary by lender and borrower profile.

Can I get a mortgage with student loan debt in Taylors?

Yes, lenders factor your total debt-to-income ratio. Income-driven repayment plans on federal student loans can help keep your DTI within qualifying limits.

How much down payment do I need for a house in Taylors?

Conventional loans require 3-20% down, FHA loans require 3.5%, and VA loans require 0% down. The median down payment in Taylors is approximately 10-15% of the purchase price.

Important Disclaimer

LoanMatchers is not a lender and does not make credit decisions. We connect consumers with licensed lending partners. All loan terms, rates, and fees are determined by the lender and are subject to credit approval. APRs range from 5.99% to 35.99%. Not all applicants will qualify for the lowest rates. This website provides general information and does not constitute financial, legal, or tax advice. Consult a qualified professional before making financial decisions. Rates and terms are accurate as of 2026 but subject to change without notice.