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 | $78,200 | $103,200 |
| Aiken | $78,200 | $103,200 |
| Allendale | $78,200 | $103,200 |
| Anderson | $78,200 | $103,200 |
| Bamberg | $78,200 | $103,200 |
| Barnwell | $78,200 | $103,200 |
| Beaufort | $80,850 | $106,700 |
| Berkeley | $79,150 | $104,500 |
| Calhoun | $78,200 | $103,200 |
| Charleston | $79,150 | $104,500 |
| Cherokee | $78,200 | $103,200 |
| Chester | $78,200 | $103,200 |
| Chesterfield | $78,200 | $103,200 |
| Clarendon | $78,200 | $103,200 |
| Colleton | $78,200 | $103,200 |
| Darlington | $78,200 | $103,200 |
| Dillon | $78,200 | $103,200 |
| Dorchester | $79,150 | $104,500 |
| Edgefield | $78,200 | $103,200 |
| Fairfield | $78,200 | $103,200 |
| Florence | $78,200 | $103,200 |
| Georgetown | $78,200 | $103,200 |
| Greenville | $78,200 | $103,200 |
| Greenwood | $78,200 | $103,200 |
| Hampton | $78,200 | $103,200 |
| Horry | $78,200 | $103,200 |
| Jasper | $78,200 | $103,200 |
| Kershaw | $78,200 | $103,200 |
| Lancaster | $78,200 | $103,200 |
| Laurens | $78,200 | $103,200 |
| Lee | $78,200 | $103,200 |
| Lexington | $78,200 | $103,200 |
| Marion | $78,200 | $103,200 |
| Marlboro | $78,200 | $103,200 |
| McCormick | $78,200 | $103,200 |
| Newberry | $78,200 | $103,200 |
| Oconee | $78,200 | $103,200 |
| Orangeburg | $78,200 | $103,200 |
| Pickens | $78,200 | $103,200 |
| Richland | $78,200 | $103,200 |
| Saluda | $78,200 | $103,200 |
| Spartanburg | $78,200 | $103,200 |
| Sumter | $78,200 | $103,200 |
| Union | $78,200 | $103,200 |
| Williamsburg | $78,200 | $103,200 |
| York | $81,300 | $107,300 |
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