Marlboro County, South Carolina
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Marlboro Real Estate Market Update
Marlboro County's real estate market in South Carolina is characterized by affordable housing options. As of October 2024, the median listing home price is approximately $139,400, with a median price per square foot of $90. The median home sold price is slightly higher at $148,800, indicating a stable market with homes generally selling close to their listing prices.
The top cities in Marlboro County include Bennettsville, McColl, Wallace, and Clio. Bennettsville is the largest city with a population of 6,881, followed by McColl with 2,068 residents. Wallace and Clio have smaller populations, with 713 and 604 residents, respectively.
Living in Marlboro County offers a mix of rural and suburban experiences, with a strong emphasis on agriculture and manufacturing as top industries. The county's rural charm is complemented by its proximity to major cities and interstates, making it an attractive location for those seeking a quieter lifestyle with access to urban amenities. Migration patterns suggest that people are drawn to Marlboro County for its affordable housing and employment opportunities in manufacturing and retail trade.
2025 Mortgage Loan Limits:
Marlboro County, South Carolina
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Marlboro County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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