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Mortgage Lending | Mortgage Rates

Current South Carolina Mortgage Rates:

Myrtle Beach Mortgage Place is your source for lending in Myrtle Beach SC.  Looking for the lowest possible interest rate on your next mortgage or refinance? Use our QUICK CONTACT to get someone working on a no-obligation, lowest rate comparison quote today.

The following interest rates are based on averages available for today. Actual interest rate offers may be higher or lower. Please use this information as a guide to trends in real estate mortgage rates in South Carolina.

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The above estimates are an average of availability and do not reflect an exact interest rate you may be offered. Your actual interest rate may vary up or down based on many factors such as: the type of mortgage you qualify for, the type of property,  credit score, amount financed and loan to value among other factors.


Mortgage Lenders Guide to Myrtle Beach Flood Zones

Individuals looking for a home mortgage in Myrtle Beach, SC and across the low country need to be aware of the impact that Flood Zones have on obtaining financing. Below is a guide prepared to explain the different zones and what they mean..

The zone designations shown on the “FIRMs” are defined below.real-estate-charleston-flood-graphic

Zone A
Zone A is the flood insurance rate zone used for 1-percent-annual-chance (base flood) floodplains that are determined for the Flood Insurance Study (FIS) by approximate methods of analysis. Because detailed hydraulic analyses are not performed for such areas, no Base Flood Elevations (BFEs) or depths are shown in this zone. Mandatory flood insurance purchase requirements apply.

Zone AE and A1-A30
Zones AE and A1-A30 are the flood insurance rate zones used for the 1-percent-annual-chance floodplains that are determined for the FIS by detailed methods of analysis. In most instances, BFEs derived from the detailed hydraulic analyses are shown at selected intervals in this zone. Mandatory flood insurance purchase requirements apply. AE zones are areas of inundation by the 1-percent-annual-chance flood, including areas with the 2-percent wave runup, elevation less than 3.0 feet above the ground, and areas with wave heights less than 3.0 feet. These areas are subdivided into elevation zones with BFEs assigned. The AE zone will generally extend inland to the limit of the 1-percent-annual-chance Stillwater Flood Level (SWEL). (more…)