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Key Questions:

    1. Who are the leading lenders in Greenville, South Carolina?
    2. The leading lenders, by market share, are Jpmorgan Chase Bank, Na, Wells Fargo Funding, Inc and Wells Fargo Bank, Na. Do you have the best rate possible? Find out your credit score or browse
    1. How stretched will home owners in Greenville, South Carolina be in paying off their mortgage?
    2. Homeowners in Greenville, South Carolina borrowed an average of 1.87 times their annual income for their mortgage. This compares to 1.97 for all of the US. Based on the national average, there will be a normal risk that Greenville, South Carolina homeowners will default on their mortgage payments in the coming years.
    1. How likely are the owners of homes in Greenville, South Carolina to actually live in them?
    2. 91.0% of home owners in Greenville, South Carolina that applied for a mortgage in 2008 live in their homes versus owning them as an investment property. This compares to the national average of 90.0%.
    1. How at risk is Greenville, South Carolina to the subprime mortgage crisis?
    2. Loans taken out by home owners in Greenville, South Carolina are within a +/- 10 percent band of the national average. That is to say, Greenville, South Carolina will likely be affected by the subprime mortgage crisis just like the average county in the US.
2008 Mortgage Research Greenville South Carolina US
Total Applications 27,396 271,908 17,391,570
Average Loan $162.9k $167.5k $198.2k
Loan to Income Ratio 1.87 1.81 1.97
Subprime Loans 5.15% 6.38% 4.81%
Refinancing Loans 52.88% 54.18% 52.52%
Principal Dwellings 90.99% 86.28% 90.00%
Rejected Applications 11.17% 13.41% 15.15%

Nearby Counties:   Pickens, Spartanburg, Anderson, Laurens, Abbeville

SOUTH CAROLINA Mortgage Rates
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Top Ten Lenders
# Name Share Apps
1 Jpmorgan Chase Bank, Na 6.35% 1,817
2 Wells Fargo Funding, Inc 6.07% 1,399
3 Wells Fargo Bank, Na 5.59% 1,374
4 Suntrust Mortgage, Inc 5.02% 1,211
5 Bank Of America, N.A. 4.87% 1,441
6 Countrywide Bank, Fsb 4.38% 1,215
7 Scbt 3.64% 610
8 Branch Banking And Trust Co 3.62% 1,195
9 Gmac Mortgage Llc 2.97% 765
10 Hfc Company Llc 2.83% 809