South Carolina VA Loans
Homeownership in South Carolina is a dream for many people, but not everyone has access to a loan program as great as the VA home loan. So whether you are looking to settle down on the shore or in the city, you’ll be thrilled with your new home.
With the average listing price of a home in South Carolina landing at $273,977, the VA loan’s signature $0-money-down benefit is a considerable advantage for South Carolina homebuyers.
How to get a VA Loan in South Carolina
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Charleston, SC, you'll need to find a lender licensed in South Carolina to do the loan.
See also: VA Loan Eligibility Requirements
Other Considerations for Getting a VA Loan in South Carolina
VA borrowers in South Carolina should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
South Carolina VA Loan Limits
VA borrowers in South Carolina with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, Veterans without their full VA loan entitlement are still bound to South Carolina’s VA loan limits.
As of January 1, 2024, VA loan limits for all counties in South Carolina are $766,550.
Property Taxes in South Carolina
Another consideration for VA buyers in South Carolina is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in South Carolina if you meet one of the following conditions:
- A disabled veteran or surviving spouse may receive the full exemption if the veteran is 100 percent disabled as a result of service
- The disability rating from the Department of Veterans Affairs must include one of the following conditions: Amyotrophic Lateral Sclerosis (ALS), Parkinson's, Multiple Sclerosis (MS), paraplegia, hemiplegia or quadriplegia
- A homestead exemption is available for persons over 65 and/or totally and permanently disabled
If you are required to pay property tax in South Carolina, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Abbeville County | 0.51% |
| Aiken County | 0.49% |
| Allendale County | 0.68% |
| Anderson County | 0.59% |
| Bamberg County | 0.66% |
| Barnwell County | 0.71% |
| Beaufort County | 0.45% |
| Berkeley County | 0.51% |
| Calhoun County | 0.57% |
| Charleston County | 0.50% |
| Cherokee County | 0.63% |
| Chester County | 0.66% |
| Chesterfield County | 0.38% |
| Clarendon County | 0.54% |
| Colleton County | 0.53% |
| Darlington County | 0.47% |
| Dillon County | 0.62% |
| Dorchester County | 0.67% |
| Edgefield County | 0.58% |
| Fairfield County | 0.65% |
| Florence County | 0.43% |
| Georgetown County | 0.46% |
| Greenville County | 0.66% |
| Greenwood County | 0.69% |
| Hampton County | 0.71% |
| Horry County | 0.41% |
| Jasper County | 0.53% |
| Kershaw County | 0.48% |
| Lancaster County | 0.47% |
| Laurens County | 0.51% |
| Lee County | 0.75% |
| Lexington County | 0.57% |
| Marion County | 0.53% |
| Marlboro County | 0.61% |
| McCormick County | 0.50% |
| Newberry County | 0.85% |
| Oconee County | 0.47% |
| Orangeburg County | 0.66% |
| Pickens County | 0.48% |
| Richland County | 0.76% |
| Saluda County | 0.62% |
| Spartanburg County | 0.64% |
| Sumter County | 0.62% |
| Union County | 0.69% |
| Williamsburg County | 0.56% |
| York County | 0.64% |
How VA Loans Work in South Carolina
View the graphic below to learn more about how VA loans work in South Carolina.
