The Best Mortgage Lenders in Allendale, SC
Compare verified mortgage lenders serving Allendale, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Allendale
Featured Mortgage Lenders
Southern First Bank Mortgage
Southern First Bank
Southern First Bank has established itself as one of South Carolina's premier mortgage lenders with deep roots in the state. While headquartered in Columbia, they serve the entire state including rural communities like Allendale. They specialize in USDA rural development loans which are particularly beneficial for Allendale County homebuyers. Their local loan officers understand the unique needs of South Carolina residents and offer personalized service with competitive rates. The bank has maintained an excellent reputation for nearly 25 years with high customer satisfaction ratings and comprehensive mortgage solutions.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a national lender with strong presence throughout South Carolina, including service to Allendale County. Founded in 2008, they've grown to become one of the most respected mortgage companies in the Southeast. They excel in rural lending and offer specialized USDA loan programs perfect for Allendale homebuyers. Their streamlined process and local loan officers provide personalized service with quick closing times. Movement has received numerous industry awards and maintains exceptional customer reviews for their responsive service and competitive rates.
Loan Types:
SouthState Bank Mortgage
SouthState Bank, N.A.
SouthState Bank (formerly First Federal) has been serving the Southeast for over 90 years with extensive experience in South Carolina mortgages. They have multiple branches throughout the state and actively serve Allendale County with specialized rural lending programs. Their long history provides stability and trustworthiness that few lenders can match. SouthState offers competitive rates on all loan types with particular expertise in USDA and FHA loans that benefit Allendale residents. Their local mortgage specialists provide personalized guidance through the entire homebuying process with outstanding customer service ratings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Allendale, SC
Are there any special mortgage programs for first-time homebuyers in Allendale, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including down payment assistance and competitive interest rate loans, which are accessible to Allendale residents. Additionally, some local lenders may offer special incentives for first-time buyers in rural areas like Allendale County, so it's beneficial to consult with a local mortgage officer familiar with these opportunities.
How does Allendale's rural designation affect my mortgage options?
Allendale's location in a rural county can qualify you for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage for eligible buyers, as property in Allendale often meets the USDA's eligibility criteria, making homeownership more accessible without a large upfront cash investment.
What are typical closing costs for a mortgage in Allendale, SC?
Closing costs in Allendale typically range from 2% to 5% of the home's purchase price. These costs include title insurance, recording fees, and lender fees, which can be slightly lower than in more urban parts of South Carolina due to generally lower property values. It's wise to get a detailed Loan Estimate from your lender early in the process for an accurate projection.
Are property taxes in Allendale factored into mortgage escrow, and how do they compare?
Yes, lenders typically include Allendale County property taxes in your monthly escrow payment. Property tax rates in Allendale are relatively moderate compared to the state average, which can help keep your overall monthly mortgage payment more affordable. The current millage rate should be verified with the Allendale County Treasurer's Office for precise calculations.
How does the local Allendale real estate market impact the mortgage appraisal process?
Due to the smaller and less frequent sales volume in Allendale's market, appraisals can sometimes be challenging as appraisers may need to look at comparable sales ("comps") from a wider geographic area or from several months prior. This can occasionally affect the appraised value, so working with a lender who uses appraisers familiar with the rural Lowcountry market is crucial.
Why Choose a Mortgage Lender in Allendale?
Local Market Knowledge
Lenders who understand Allendale'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 Allendale and get competitive rates on your home loan.