USDA Loans in South Carolina

USDA LOAN BENEFITS IN SOUTH CAROLINA
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.

USDA ELIGIBILITY IN SOUTH CAROLINA
South Carolina has many areas that are eligible for a USDA Loan. The most common misconception is that a USDA Loan is only for farming or extremely rural areas, which is NOT the case. Metro areas of South Carolina such as Charleston, Myrtle Beach and Columbia will not be eligible for a USDA Loan but areas surrounding those cities more than likely will qualify.

To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in South Carolina.

Income Limits for South Carolina

County Name Family Size 1-4 Family Size 5-8
Abbeville $75,650 $99,850
Aiken $75,650 $99,850
Allendale $75,650 $99,850
Anderson $75,650 $99,850
Bamberg $75,650 $99,850
Barnwell $75,650 $99,850
Beaufort $80,300 $106,000
Berkeley $75,650 $99,850
Calhoun $75,650 $99,850
Charleston $75,650 $99,850
Cherokee $75,650 $99,850
Chester $75,650 $99,850
Chesterfield $75,650 $99,850
Clarendon $75,650 $99,850
Colleton $75,650 $99,850
Darlington $75,650 $99,850
Dillon $75,650 $99,850
Dorchester $75,650 $99,850
Edgefield $75,650 $99,850
Fairfield $75,650 $99,850
Florence $75,650 $99,850
Georgetown $75,650 $99,850
Greenville $75,650 $99,850
Greenwood $75,650 $99,850
Hampton $75,650 $99,850
Horry $75,650 $99,850
Jasper $75,650 $99,850
Kershaw $75,650 $99,850
Lancaster $75,650 $99,850
Laurens $75,650 $99,850
Lee $75,650 $99,850
Lexington $75,650 $99,850
Marion $75,650 $99,850
Marlboro $75,650 $99,850
McCormick $75,650 $99,850
Newberry $75,650 $99,850
Oconee $75,650 $99,850
Orangeburg $75,650 $99,850
Pickens $75,650 $99,850
Richland $75,650 $99,850
Saluda $75,650 $99,850
Spartanburg $75,650 $99,850
Sumter $75,650 $99,850
Union $75,650 $99,850
Williamsburg $75,650 $99,850
York $78,800 $104,000

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