Home Equity Loan Rates & HELOC Rates in Pendleton, SC for July 2026
Brian McKay
Brian McKay
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Current home equity line of credit (HELOC) rates in Pendleton, South Carolina include South Carolina State Federal Credit UnionSouth Carolina State Federal Credit UnionA+5.0 ★Texas Ratio: 3.08% offering Home Equity Line of Credit at 4.50%, Georgetown Kraft Credit UnionGeorgetown Kraft Credit UnionA+5.0 ★Texas Ratio: 2.83% offering Home Equity HELOCs at 4.99%, Greenville Heritage Federal Credit UnionGreenville Heritage Federal Credit UnionA+5.0 ★Texas Ratio: 0.82% offering Home Equity HELOC Special at 4.99%, State Department Federal Credit UnionState Department Federal Credit UnionA+5.0 ★Texas Ratio: 4.30% offering Home Equity Single Advance - First Lien (Owner Occupied) at 5.24%, and AllSouth Federal Credit UnionAllSouth Federal Credit UnionA+5.0 ★Texas Ratio: 1.31% offering Home Equity Line of Credit at 5.75%. Home equity and HELOC rates as of June 26, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated — we recommend checking back frequently.
Rates reflect actual verified offers from lenders actively serving South Carolina borrowers. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: June 26, 2026
Compare Home Equity & HELOC Rates Today in Pendleton, South Carolina & the Surrounding Area
Pendleton Home Equity Loan Rates
As Low As; Property with no existing liens
As Low As; Property with no existing liens
As Low As; Property with no existing liens
As Low As; Property with an existing mortgage or liens
As Low As
As Low As; Property with no existing liens
As Low As; Property with an existing mortgage or liens
As Low As; Property with no existing liens
No closing costs! (provided initial loan amount is $20,000 and loan remains open for 36 months)
Up to 80% LTV
As Low As; Property with an existing mortgage or liens
As Low As;*
As low as 6.75%; 85% of appraisal minus 1st mortgage balance; Rate adjusts quarterly with Prime. Call (803)432-5299 for details
As Low As; Fixed Rate
As Low As
No additional details available.
As Low As; Property with an existing mortgage or liens
As low as
No additional details available.
As Low As; Property with an existing mortgage or liens
Minimum Loan Amount: $5,000. Maximum Loan Amount $200,000. Maximum Loan to Value (LTV) for owner-occupied and non-owner-occupied properties is 80% of tax assessed or appraised value. Rate based on credit evaluation.
As Low As
As Low As
No additional details available.
As Low As
Over 80% LTV
As Low As
As Low As
Pendleton HELOC Rates
Introductory rate. After one year, rate will revert to the regular variable rate (maximum 18.00% APR). Regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 12/11/2025, the Prime Rate was 6.75%, therefore the regular variable rate would be 7.75% APR. Rates adjust quarterly if there is a change in the Prime Rate.
Introductory rate of 4.50% APR. After one year, rate will revert to the regular variable rate (maximum 18.00% APR). The regular variable rate is the Prime Rate, as reported by the Wall Street Journal, plus 1.00% APR. As of 12/11/2025, the Prime Rate was 6.75% , therefore the regular variable rate would be 7.75% APR. Rates adjust quarterly if there is a change in the Prime Rate. SCU will pay all normal closing costs on new Home Equity Lines of Credit. On refinances of existing State Credit Union Home Equity Lines of Credit, the credit limit would need to be increased by at least $10,000 to avoid closing costs.
As Low As
Special; Rates are tied Prime as printed in Wall Street Journal
Intro rate for 12 Months
Rates effective as of June 15, 2026; The APR quoted is based on a variable rate made up of a discounted margin plus the variable Prime Rate, assumes excellent borrower credit history, and is only applicable if the Home Equity Line of Credit is in the first lien position on your primary residence.
As Low As; ***Please contact the Mortgage Team for current rates.
As Low As
As Low As; No closing costs! (provided initial advance is at least $10,000 and loan remains open 36 months.) Minimum HELOC amount: $10,000, Maximum HELOC amount: $200,000
As Low As; 80% or less loan to value
Up to 90% LTV
Variable Rate; As Low As
As Low As; Variable Rate; LTV Up to 80%
No additional details available.
Variable1
80% or less- combined loan-to-value CLTV
As Low As; Variable Rate; LTV 81% - 90%
As Low As; 90% or less loan to value
As Low As; greater than 90% loan to value
As Low As
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Pendleton, South Carolina Home Equity Snapshot
Local housing and income figures that shape how much equity Pendleton, SC homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting.
How Much Can You Borrow in Pendleton, South Carolina?
Your borrowing limit on a home equity loan or HELOC is set by your combined loan-to-value ratio (CLTV) — the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80–85%. Using the local median home value of $250,500, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $175,350 | $75,150 | $37,575 |
| Roughly halfway through | $137,775 | $112,725 | $75,150 |
| Well into repayment | $100,200 | $150,300 | $112,725 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income — the local median household income is $61,901 — before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
Pendleton, SC Home Equity Rate Trends
Compare local Pendleton, SC home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes — updated every evening.
South Carolina HELOC rates currently average 5.766% based on data from institutions in our monitoring network.
South Carolina home equity loan rates currently average 6.845% based on data from institutions in our monitoring network.
South Carolina Home Equity Rate Forecast — Next 12 Months
Where are South Carolina HELOC and home equity loan rates headed through July 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What Forecast Rates Mean for Pendleton, SC Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today (SC avg) | 5.766% | $240 | 6.845% | $445 |
| 6-Month Forecast | 5.766% | $240 | 6.845% | $445 |
| 12-Month Forecast | 5.516% (5.27–5.72%) | $230 (-$10) | 6.445% (6.10–6.75%) | $434 (-$11) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works in Pendleton, South Carolina
Pendleton, South Carolina Equity Math
According to the U.S. Census Bureau, the median owner-occupied home value in Pendleton, South Carolina is approximately $250,500. A homeowner who owes 60% of their original mortgage on a median-valued home would have roughly $100,200 in available equity. At a typical 85% CLTV limit, that means they could potentially borrow up to $62,625 via a HELOC or home equity loan, depending on credit profile and lender underwriting standards.
Home Equity Loan vs HELOC — Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC — Key Differences, Pros and Cons
Pendleton, South Carolina Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the local median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Pendleton, South Carolina home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates for Pendleton, South Carolina directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in Pendleton, South Carolina. We feature a comprehensive mix of licensed NMLS financial institutions — from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from South Carolina borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders — regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you compare rates from secure, reliable lenders.
Home Equity Basics for Pendleton, South Carolina Homeowners
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a Pendleton, South Carolina homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC in Pendleton, South Carolina
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, State Department Federal Credit Union is listing its Home Equity Single Advance - First Lien (Owner Occupied) at 5.24%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, South Carolina State Federal Credit Union is listing its Home Equity Line of Credit at 4.50%. For Pendleton, South Carolina borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much Pendleton, South Carolina Homeowners Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a Pendleton, South Carolina homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Pendleton, South Carolina Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a Pendleton, South Carolina borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks for Pendleton, South Carolina Borrowers to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For Pendleton, South Carolina borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in Pendleton, South Carolina
What is the difference between a home equity loan and a HELOC in South Carolina?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan in South Carolina?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan in South Carolina?
How much equity could a homeowner in Pendleton, South Carolina have?
What is a typical home equity loan amount in Pendleton, South Carolina?
Can households in Pendleton, South Carolina afford a home equity loan payment?
How do property taxes in Pendleton, South Carolina affect home equity borrowing?
What percentage of homeowners in Pendleton, South Carolina have a mortgage they could tap for equity?
What are the best home equity rates in Pendleton, South Carolina?
- South Carolina State Federal Credit Union: 4.50% (Home Equity Line of Credit)
- Georgetown Kraft Credit Union: 4.99% (Home Equity HELOCs)
- Greenville Heritage Federal Credit Union: 4.99% (Home Equity HELOC Special)
- State Department Federal Credit Union: 5.24% (Home Equity Single Advance - First Lien (Owner Occupied))
- AllSouth Federal Credit Union: 5.75% (Home Equity Line of Credit)
Pendleton, South Carolina Rates & Resources
