Closing Costs in South Carolina
The average closing cost in South Carolina is $13,479, which is 4.4% of the home price. South Carolina's transfer tax rate is $1.85 per $500.
South Carolina's closing costs include a deed recording fee and mortgage recording fee, but no state transfer tax in the traditional sense. Instead, a deed stamp tax of $1.85 per $500 (0.37%) applies. South Carolina requires an attorney at closing, which adds $800-1,500 to closing costs. Overall, South Carolina's closing costs are moderate, running 2-3% of the purchase price. Title insurance is standard and competitively priced.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow, HUD, Tax Foundation
Avg Closing Costs
$13,479
As % of Price
4.4%
Transfer Tax
0.37%
Attorney Required
Yes
Closing Cost Breakdown for a $306,512 Home
| Item | Estimated Cost |
|---|---|
| Loan Origination Fee (1%) | $2,452 |
| Appraisal Fee | $500 |
| Credit Report | $50 |
| Title Search & Insurance | $1,533 |
| Transfer Tax | $1,134 |
| Recording Fees | $150 |
| Home Inspection | $400 |
| Survey | $350 |
| Attorney Fee (required) | $1,200 |
| Prepaid Property Tax (2 months) | $240 |
| Prepaid Homeowners Insurance (1 year) | $920 |
| Prepaid Interest (15 days) | $655 |
| Estimated Total | $9,584 |
* Estimates based on average South Carolina home price of $306,512 with 20% down payment. Actual costs may vary. Transfer tax, attorney fees, and prepaid items are state-specific.
How to Reduce Closing Costs in South Carolina
Benefit from SC's Low Owner-Occupied Tax Rate
South Carolina assesses owner-occupied property at just 4% of market value (vs. 6% for investment property). This significantly reduces your property tax bill. You must apply for the 4% legal residence exemption within 90 days of occupancy — don't miss this deadline.
Use SC Housing Programs
SC Housing offers the Palmetto Home Advantage program with up to 5% of the loan amount in forgivable down payment assistance. The program works with FHA, VA, USDA, and conventional loans and is available to both first-time and repeat buyers.
Get Wind and Hail Insurance for Coastal Properties
Properties near the coast may need wind and hail coverage from the SC Wind and Hail Underwriting Association. This is separate from your homeowners policy and can add $1,000-5,000+ annually depending on location and construction type.
Hire an Attorney Experienced in SC Real Estate
Since South Carolina requires attorney involvement at closing, choose one experienced in residential real estate. A good attorney will also review the purchase contract, coordinate with the title company, and handle the deed preparation — services that are included in their fee.
Legal Context for South Carolina Closings
Conveyance Document
General-warranty deed
Security Instrument
Mortgage
Foreclosure Process
Judicial
Attorney Required
Yes
South Carolina uses general-warranty deed for property transfers and mortgage as the security instrument. An attorney is required at closing, which adds to your closing costs.
