Reverse mortgage in South Carolina
Based on HUD's loan records for South Carolina, you can see which lenders make these loans, where they are made and which counselors provide help.
- In South Carolina, 511 HECMs closed in a year
- Median home value HUD counted: $335,000
- Mutual of Omaha Mortgage Most HECMs in South Carolina (124). No lender in the state closed more
HUD's HECM records show 511 reverse mortgages closed in South Carolina between September 2025 and August 2026, 2.1% of the nationwide total of 24,529. This places the state 16th among the 50 states and DC.
Among these loans, 45 funded a home purchase using a HECM for Purchase, 65 refinanced an earlier HECM and 8 hit the $1,249,125 limit on value.
How South Carolina HECMs compare with the national figures
The final two rows come from the calculator.
| South Carolina | Against all HECMs | |
|---|---|---|
| HECMs closed | 511 | 2.1% of all 24,529 |
| Median home value counted | $335,000 | $105,000 less |
| Median principal limit | $145,925 | $48,247 less |
| Principal limit as a share of value | 43.2% | 0.2 points lower |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 8.8% | 3.3 points higher |
| Refinanced HECMs | 12.7% | 1.9 points higher |
| Lenders with a loan here | 18 | of 34 nationwide |
| Median home, no mortgage: amount remaining after costs at age 70 | $113,760 | $37,780 less |
| Usable in the first year at age 70 | $62,036 | $21,568 less |
HECM lenders in South Carolina, ranked by loan count
In South Carolina, 18 lenders sponsored HECMs. Mutual of Omaha Mortgage, followed by Finance of America Reverse and Longbridge Financial, the top three lenders, made 344 of the 511 loans (67%). Make a comparison with the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 124 | 24.3% |
| 2 | Finance of America Reverse | 117 | 22.9% |
| 3 | Longbridge Financial | 103 | 20.2% |
| 4 | Traditional Mortgage Acceptance Corporation | 41 | 8% |
| 5 | South River Mortgage | 34 | 6.7% |
| 6 | Guild Mortgage | 21 | 4.1% |
| 7 |  | 14 | 2.7% |
| 8 | PHH Mortgage | 13 | 2.5% |
| 9 |  | 11 | 2.2% |
| 10 | Plaza Home Mortgage | 11 | 2.2% |
Local lenders and brokers that originated South Carolina HECMs
South Carolina HECM applications were taken by 69 companies. Excluding national lenders, the companies with the most originations were Atlantic Avenue Mortgage, with 37; Movement Mortgage, with 22; Loandepot.com, with 13; Atlantic Coast Mortgage Group, with 8; New American Funding, with 6; Secure Lending Incorporated, with 5; Atlantic Coast Mortgage, with 5; and Edge Home Finance, with 4. These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Where the South Carolina HECMs originated
Horry County led the counties with 72 loans out of the 511 total, ahead of Greenville with 65. Cities with the highest counts: Summerville (25), Myrtle Beach (25), Greenville (23), Columbia (22) and Charleston (20). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Horry | 72 | 14.1% |
| Greenville | 65 | 12.7% |
| Charleston | 45 | 8.8% |
| Beaufort | 35 | 6.8% |
| Spartanburg | 26 | 5.1% |
| Richland | 25 | 4.9% |
HUD-approved counselors for reverse mortgages in South Carolina
HUD lists 3 agencies that counsel on reverse mortgages, based in South Carolina, across 2 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Beaufort, SC | CCCS of the Savannah Area, SC Branch | phone, in person, online | English |
| North Charleston, SC | Credit.org - North Charleston, SC Branch | phone | English, Spanish |
| North Charleston, SC | Origin Sc | phone, in person, video, online, group | English |
Older homeowners in South Carolina: property tax relief
In South Carolina, the Homestead Exemption applies when you are a qualifying homeowner older than 65 and your home is your legal residence. Local Government Services | SCDOR
Who oversees reverse mortgage lenders in South Carolina
The Consumer Finance Division of the State Board of Financial Institutions regulates mortgage lenders and servicers in South Carolina. Mortgage Lending | Office of the Commissioner of Consumer Finance.
For every state, the figures come from the HUD HECM portfolio snapshot for September 2025 to August 2026.