Surfside Beach, SC Home Equity & HELOC Rates - October 2026
Brian McKay
Brian McKay
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Surfside Beach, South Carolina home equity loan and HELOC rates from lenders serving South Carolina range from 4.00% to 9.25%, verified by MonitorBankRates as of October 12, 2026. Current home equity loan rates for Surfside Beach, South Carolina borrowers from lenders serving South Carolina include NEIGHBORS UNITEDNEIGHBORS UNITEDA+5.0 ★Texas Ratio: 5.66% offering Home Equity LOC at 4.00%, State Department Federal Credit UnionState Department Federal Credit UnionA+5.0 ★Texas Ratio: 4.05% offering Home Equity Single Advance - First Lien at 5.74%, Houston Federal Credit UnionHouston Federal Credit UnionA+5.0 ★Texas Ratio: 2.70% offering Home Equity Loan at 5.99%, AllSouth Federal Credit UnionAllSouth Federal Credit UnionA+5.0 ★Texas Ratio: 1.08% offering Home Equity Line of Credit at 6.00%, and Parda Federal Credit UnionParda Federal Credit UnionA+5.0 ★Texas Ratio: 2.80% offering First Lien Home Equity Loan at 6.00%. Home equity and HELOC rates as of October 12, 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: October 12, 2026
Compare Home Equity & HELOC Rates Today in Surfside Beach, South Carolina & the Surrounding Area
Surfside Beach Home Equity Loan Rates
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20265.74%▲ from 5.24%
- Sep 16, 20265.24%first recorded
As Low As; Fixed Rate
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20265.99%▲ from 5.49%
- Sep 16, 20265.49%first recorded
As Low As*
As Low As; Balloon payment
Term: 10 or 15-year fixed, and a 30-year fixed with 7-year balloon; Funds are disbursed in its entirety at the time of loan closing
- Sep 27, 20266.25%▲ from 5.00%
- Sep 18, 20265.00%first recorded
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20266.34%▲ from 5.84%
- Sep 16, 20265.84%first recorded
As Low As*
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20266.49%▲ from 5.99%
- Sep 16, 20265.99%first recorded
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20266.64%▲ from 6.14%
- Sep 16, 20266.14%first recorded
Published APR range: 6.65% - 7.65%. Loan to Value (LTV): Up to 80% LTV
Published APR range: 6.67% - 7.42%.
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20266.74%▲ from 6.24%
- Sep 16, 20266.24%first recorded
As Low As*
Available in CA, OR, WA; APR as low as (0 pts.)
Available in NY, MA, OH, NC; APR as low as (0 pts.)
As Low As; Property with no existing liens; Owner Occupied
- Oct 2, 20266.84%▲ from 6.34%
- Sep 16, 20266.34%first recorded
As Low As; Fixed Rate
As Low As
- Oct 2, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
As Low As*
APR as low as*
- Oct 2, 20267.00%▲ from 6.75%
- Sep 21, 20266.75%first recorded
85% of appraisal minus 1st mortgage balance Rate adjusts quarterly with Prime. Call (803)432-5299 for details
- Sep 21, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
No additional details available.
As Low As; subject to change quarterly
No additional details available.
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20267.24%▲ from 6.74%
- Sep 16, 20266.74%first recorded
As Low As*
Available in CA, OR, WA; APR as low as (0 pts.)
Available in NY, MA, OH, NC; APR as low as (0 pts.)
Rates as low as 7.340% APR and assume a 750 FICO, primary residence, and a 70% maximum HLTV on a 5-year term. Rates are based on loan term, credit history, loan-to-value (LTV)/combined loan-to-value (CLTV)/high credit loan-to-value (HLTV) ratio, loan amount, and occupancy, so your rate may differ. Navy Federal will pay for all closing costs on fixed-rate equity loan applications. For loan amounts up to $250,000, closing costs that members may pay typically range between $300 and $2,000.
No additional details available.
As Low As; Fixed Rate
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20267.49%▲ from 6.99%
- Sep 16, 20266.99%first recorded
As Low As*
No additional details available.
As Low As; Property with an existing mortgage or liens; Owner Occupied
- Oct 2, 20267.74%▲ from 7.24%
- Sep 16, 20267.24%first recorded
As Low As; Fixed rate
Published APR range: 7.82% - 9.47%.
No additional details available.
As Low As*
As Low As; Investment Property
Published APR range: 8.15% - 9.15%. Loan to Value (LTV): Over 80% LTV
As Low As; Investment Property
No additional details available.
As Low As; Investment Property
As Low As; Investment Property
Surfside Beach HELOC Rates
As Low As
Revolving source of funds, much like a credit card, that you can access as you choose. For a limited time, enjoy no closing costs. Borrow up to 85% of your home's current value minus any existing first mortgage balance. Variable rate. Your qualifying rate may adjust monthly and is based on the Prime Rate as reported in The Wall Street Journal plus a margin of -1.00% to 2.50% based on creditworthiness and lien position. 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. Not all applicants will qualify for the lowest rate. The APR range is from 4.00% to a maximum of 18.00%. Our HELOC is an interest only HELOC. During the draw period, payments are calculated based on interest of amount borrowed only. After the draw period ends, payments are calculated based on total amount borrowed.
- Sep 17, 20266.00%▲ from 5.75%
- Sep 14, 20265.75%first recorded
As Low As; Owner Occupied up to 80% LTV; minimum loan amount $10,000, maximum loan amount $350,000; minimum monthly payment 1.0% of principal balance or $100.00 whichever is greater
- Oct 2, 20266.50%▲ from 6.25%
- Sep 16, 20266.25%first recorded
80% or less loan to value as low as
Variable Rate tied to Prime Rate as of December 15th of prior year (floor of 4.00%) Discount of .50% if credit score is over 70 0 a t approval (floor of 4.00%) Variable rate, may change annually starting January 1st
Term: 10-year draw period, with repayment period of up to 10 years; Variable interest rate that can fluctuate over time
As Low As; Variable APR; 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
Term: 5 year draw with a 10 year repayment; Fixed Rate.
Published APR range: 7.00% - 9.50%.
- Sep 18, 20267.00%▲ from 6.75%
- Sep 15, 20266.75%first recorded
As Low As; LTV: Up to 80%
Variable Rate
- Sep 25, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
Published APR range: 7.00% - 11.25%. Loan to Value (LTV): Up to 90% LTV
- Oct 2, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
apr as low as
- Oct 2, 20267.00%▲ from 6.75%
- Sep 29, 20266.75%first recorded
As Low As; Maximum LTV: 80% (NY, MA, OH, NC); Maximum Amount: $300,000.00; Lifetime Index = Prime Rate currently 7.00%; Margin as low as 0.000%; Minimum line amount is $10,000
- Sep 20, 20267.00%▲ from 6.75%
- Sep 12, 20266.75%first recorded
As Low As; *Please contact the Mortgage Team for current rates.
- Sep 25, 20267.00%▲ from 5.75%
- Sep 16, 20265.75%first recorded
Special customer variable rates as low as; The APR for the HELOC will vary based on Wall Street Journal Prime Rate (as of December 11, 2025, prime rate is 6.75%) plus a margin. The variable rate shown is calculated by using prime plus 0.40% APR (with a 0.25% discount for auto-deduct from a Synovus personal deposit account, a 49.00% LTV, a $250,000 commitment amount and first lien position). APR could be different based on several factors including credit score, credit history, Loan to Value (LTV), commitment amount and lien status. APR is subject to a minimum floor rate of 3.99% for relationship balances below $500,000, and 2.99% for Inspire and Private Wealth relationship balances greater than or equal to $500,000. The relationship balance used for the rate determination is defined as the balance in place at the time of application. The maximum APR is 18.00%. Private Wealth and Inspire clients are subject to different terms and conditions. The maximum LTV may vary with the amount borrowed, credit score, credit history, location, relationship program and balance, and property type.
No additional details available.
- Oct 2, 20267.24%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Max Loan Amount: $500,000
- Oct 1, 20267.25%▲ from 7.00%
- Sep 30, 20267.00%first recorded
Published APR range: 7.75% - 11.25%.
- Oct 2, 20267.75%▲ from 6.75%
- Sep 28, 20266.75%▲ from 4.74%
- Sep 14, 20264.74%first recorded
90% or less loan to value as low as
As Low As; LTV: 81% - 90%
Max Loan Amount: $250,000
- Oct 1, 20268.25%▲ from 8.00%
- Sep 30, 20268.00%first recorded
greater than 90% loan to value as low as
Max Loan Amount: $100,000
- Oct 1, 20269.25%▲ from 9.00%
- Sep 30, 20269.00%first recorded
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Surfside Beach, South Carolina Home Equity Snapshot
Local housing and income figures that shape how much equity Surfside Beach, 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 Surfside Beach, 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 to 85%. Using the local median home value of $450,100, 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 | $315,070 | $135,030 | $67,515 |
| Roughly halfway through | $247,555 | $202,545 | $135,030 |
| Well into repayment | $180,040 | $270,060 | $202,545 |
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 $70,106, 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.
Surfside Beach, SC Home Equity Rate Trends
Compare local Surfside Beach, 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 rose 0.065 points over the past 7 days to 7.036%.
South Carolina home equity loan rates rose 0.003 points over the past 7 days to 6.939%.
South Carolina Home Equity Rate Forecast, Next 12 Months
Where are South Carolina HELOC and home equity loan rates headed through October 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 Surfside Beach, 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) | 7.036% | $293 | 6.939% | $448 |
| 6-Month Forecast | 7.036% | $293 | 6.939% | $448 |
| 12-Month Forecast | 6.786% (6.54, 6.99%) | $283 (-$10) | 6.539% (6.19, 6.84%) | $437 (-$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 Surfside Beach, South Carolina
Surfside Beach, South Carolina Equity Math
According to the U.S. Census Bureau, the median owner-occupied home value in Surfside Beach, South Carolina is approximately $450,100. A homeowner who owes 60% of their original mortgage on a median-valued home would have roughly $180,040 in available equity. At a typical 85% CLTV limit, that means they could potentially borrow up to $112,525 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
Home Equity Rules for Surfside Beach, South Carolina Borrowers
Surfside Beach, South Carolina homeowners borrow under South Carolina law. The South Carolina High Cost and Consumer Home Loans Act (SC Code 37-23) caps fees and bars flipping and balloon features on high cost loans, and lenders must give the attorney and insurance preference disclosure under SC Code 37-10-102 on any loan secured by a home; no LTV cap beyond federal rules. At the Surfside Beach, South Carolina median home value of $450,100, a lender's typical 80 percent combined loan to value limit works out to about $360,100 of total mortgage and home equity debt against the home. SC Code 37-10-103 prohibits prepayment penalties on loans of $150,000 or less secured by the borrower's home, and high cost loans may not carry one.
Read the full South Carolina home equity rules, including foreclosure, deficiency, closing cost taxes, and who handles the closing.
Federal rules that apply to every home equity loan and HELOC
Home equity loans and HELOCs secured by your main home carry federal protections on top of anything your state adds. For a HELOC, the lender must give you the HELOC disclosure and the CFPB home equity brochure when you apply and cannot charge a nonrefundable fee until three business days later; the rate must follow a public index the lender does not control, and the lender can freeze or cut the line only for specific reasons such as a significant drop in the home's value or a material change in your finances. For both home equity loans and HELOCs you have until midnight of the third business day after closing to cancel for any reason and get your fees back. A loan is a high cost mortgage under HOEPA if its APR is more than 6.5 percentage points above the average prime offer rate for a first lien (8.5 points for a second lien) or if points and fees exceed 5 percent; high cost loans require counseling and cannot carry balloon payments or prepayment penalties. Since 2018, interest on a home equity loan or HELOC is deductible only if the money is used to buy, build, or substantially improve the home that secures it, and only within the $750,000 total acquisition debt cap. Flood insurance is required on any home equity loan or HELOC from a federally regulated lender if the home sits in a FEMA flood hazard area.
Sources
- Nolo, South Carolina Foreclosure Laws and Homeowner Rights
- Lawyers.com, South Carolina Deficiency Judgment Laws
- SC Judicial Branch, Rule 71 SCRCP Foreclosure
- LegalClarity, South Carolina Real Estate Laws: Disclosures to Closing
- CT OLR 2009-R-0448: Requirement of Attorney Presence at Real Estate Closing (State v. Buyers Service; In re Lester)
- CFPB: Right of rescission
- Regulation Z section 1026.40 (HELOC rules)
- Regulation Z section 1026.32 (HOEPA)
- Federal Register: 2026 Regulation Z threshold adjustments
- IRS Publication 936, Home Mortgage Interest Deduction
- FHFA 2026 conforming loan limits
- CFPB: Servicemembers Civil Relief Act
- 12 CFR Part 339 (flood insurance)
Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 at 5.74%. 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, NEIGHBORS UNITED is listing its Home Equity LOC at 4.00%. For Surfside Beach, South Carolina borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 Surfside Beach, 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 do I compare home equity and HELOC lenders in Surfside Beach, South Carolina?
How do I get home equity loan and HELOC quotes in Surfside Beach, South Carolina?
How much equity could a homeowner in Surfside Beach, South Carolina have?
What is a typical home equity loan amount in Surfside Beach, South Carolina?
Can households in Surfside Beach, South Carolina afford a home equity loan payment?
How do property taxes in Surfside Beach, South Carolina affect home equity borrowing?
What percentage of homeowners in Surfside Beach, South Carolina have a mortgage they could tap for equity?
Does South Carolina have special rules for home equity loans and HELOCs?
Can I cancel a home equity loan or HELOC after closing in South Carolina?
Can a South Carolina lender charge a prepayment penalty on a home equity loan?
What are the best home equity rates in Surfside Beach, South Carolina?
- NEIGHBORS UNITED: 4.00% (Home Equity LOC)
- State Department Federal Credit Union: 5.74% (Home Equity Single Advance - First Lien)
- Houston Federal Credit Union: 5.99% (Home Equity Loan)
- AllSouth Federal Credit Union: 6.00% (Home Equity Line of Credit)
- Parda Federal Credit Union: 6.00% (First Lien Home Equity Loan)
Surfside Beach, South Carolina Rates & Resources
