Mortgage Status in South Carolina
"Mortgage" refers to all forms of debt where the property is pledged as security for repayment of the debt, including deeds of trust, trust deed, contracts to purchase, land contracts, junior mortgages, and home equity loans. Specified owner-occupied units are owner-occupied, one-family, attached and detached houses on less than 10 acres without a business or medical office on the property.
Of all specified owner-occupied housing units in South Carolina in 2000:
- 66.8 percent had a mortgage, contract to purchase, or similar debt.
- 33.2 percent did not have a mortgage.
Mortgage Status of Specified Owner-Occupied Housing Units: 2000
| South Carolina | United States | |||
|---|---|---|---|---|
| # | % | # | % | |
| Specified owner-occupied units | 783,909 | 100.0 | 55,212,108 | 100.0 |
| Housing units with a mortgage, contract to purchase, or similar debt: | 523,848 | 66.8 | 38,663,887 | 70.0 |
| With either a second mortgage or home equity loan, but not both: | 130,902 | 16.7 | 8,733,929 | 15.8 |
| Second mortgage only | 62,001 | 7.9 | 4,165,616 | 7.5 |
| Home equity loan only | 68,901 | 8.8 | 4,568,313 | 8.3 |
| Both second mortgage and home equity loan | 1,723 | 0.2 | 148,806 | 0.3 |
| No second mortgage and no home equity loan | 391,223 | 49.9 | 29,781,152 | 53.9 |
| Housing units without a mortgage | 260,061 | 33.2 | 16,548,221 | 30.0 |
Source: U.S. Census Bureau, Census 2000. SF3, Table H80.