The Best Mortgage Lenders in Aiken, SC
Compare verified mortgage lenders serving Aiken, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Aiken
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out as one of Aiken's top-rated mortgage lenders with exceptional local presence and national recognition. Founded in South Carolina, they specialize in fast closings and personalized service with deep expertise in VA loans, making them ideal for military families at nearby Fort Gordon. Their 4.8 rating reflects consistent customer satisfaction with competitive rates and streamlined digital processes.
Loan Types:
SRP Federal Credit Union
SRP Federal Credit Union
As a highly respected local financial institution serving the Aiken-Augusta region since 1956, SRP Federal Credit Union offers competitive mortgage rates and exceptional member service. Their 4.7 rating demonstrates strong customer satisfaction with personalized guidance through the entire home loan process. They excel at first-time homebuyer programs and offer exclusive benefits to members.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Augusta
Fairway Independent Mortgage maintains a strong presence in the Aiken market through their nearby Augusta office, earning a stellar 4.9 rating for exceptional customer service and competitive loan options. With nearly three decades of experience, they offer comprehensive mortgage solutions and are particularly noted for their expertise in VA and FHA loans. Their local loan officers provide personalized service with extensive knowledge of the Aiken housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Aiken, SC
Are there any special first-time homebuyer programs available in Aiken, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several statewide programs accessible to Aiken buyers, including down payment assistance and competitive interest rate loans. Additionally, some local lenders may have specific partnerships or grants for Aiken County residents, so it's beneficial to consult with a local mortgage broker familiar with these opportunities.
How do property taxes in Aiken County affect my monthly mortgage payment?
Aiken County has relatively moderate property tax rates compared to national averages, which can help keep your overall monthly payment lower. Your lender will calculate an escrow payment based on the specific millage rates for the city of Aiken or the unincorporated county, which are typically between 0.5% to 0.7% of the home's assessed value.
What is the typical down payment needed for a home in Aiken's current market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Aiken utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given Aiken's affordable market compared to larger metros, the absolute dollar amount for a down payment is often more manageable, especially for first-time buyers.
Does Aiken's status as a retirement destination influence mortgage lending options?
Absolutely. Aiken's popularity with retirees means many lenders are well-versed in underwriting loans for older borrowers using retirement income, investments, and assets rather than traditional employment income. Programs like "asset depletion" loans are commonly utilized here to help retirees qualify based on their savings.
Are USDA rural housing loans a viable option for homes in the Aiken area?
Yes, a significant portion of Aiken County is eligible for USDA loans, which offer 100% financing with no down payment. This is an excellent option for eligible buyers looking at homes in the more rural areas surrounding the city of Aiken, making homeownership very accessible.
Why Choose a Mortgage Lender in Aiken?
Local Market Knowledge
Lenders who understand Aiken's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in South Carolina.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Aiken and get competitive rates on your home loan.