The Best Mortgage Lenders in Andrews, SC
Compare verified mortgage lenders serving Andrews, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Andrews
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender headquartered in South Carolina with a strong regional presence serving Andrews and surrounding areas. Known for its competitive rates and efficient loan processing, the company has built a reputation for excellent customer service and high satisfaction ratings. They offer a wide range of loan products and have a dedicated local team that understands the nuances of the South Carolina housing market, making them a reliable choice for homebuyers in Andrews.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly respected lender with a robust presence in South Carolina, including service to Andrews. They are praised for their personalized customer service, competitive rates, and extensive loan options. With decades of experience and a commitment to community involvement, they have consistently high reviews for making the mortgage process smooth and transparent, ideal for both first-time homebuyers and those refinancing in the Andrews area.
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Founders Federal Credit Union
Founders Federal Credit Union
Founders Federal Credit Union is a well-established credit union serving Andrews and the broader South Carolina region with a focus on member satisfaction and community support. They offer competitive mortgage rates and a variety of loan products, backed by a strong track record of reliability and local expertise. Although founded earlier than the typical range, their high customer ratings, substantial review count, and commitment to serving rural areas like Andrews make them a top choice for personalized and trustworthy lending services.
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Frequently Asked Questions
Common questions about mortgage lending in Andrews, SC
Are there any special mortgage programs for first-time homebuyers in Andrews, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including down payment assistance and competitive fixed-rate mortgages, which are accessible to eligible buyers in Andrews. Additionally, some local lenders may offer portfolio loans or grants specific to rural and small-town markets like Andrews to help with closing costs.
How do property taxes in Andrews, SC, impact my monthly mortgage payment?
Property taxes in Andrews and Georgetown County are relatively moderate compared to larger South Carolina cities. Your lender will estimate these taxes for escrow, and they are a key component of your total monthly payment. It's wise to verify the exact tax rate for a specific property, as rates can vary slightly.
What is the typical down payment required for a home in Andrews' market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Andrews utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's affordable home prices. USDA loans, which require 0% down, are also a popular option in this qualifying rural area.
Are USDA loans a good option for buying a home in Andrews, SC?
Absolutely. Andrews is located in a USDA-eligible rural area, making 0% down payment loans widely available for qualified buyers and properties. This can be an excellent way to finance a home in Andrews, as it reduces the initial cash needed to purchase, which is beneficial in a market with moderate incomes.
How does Andrews' slower-paced real estate market affect the mortgage process timeline?
The less frenetic market pace compared to major metros can allow for a more measured mortgage process, with less competition pressuring rapid appraisals and underwriting. However, it's still crucial to get pre-approved early and work with a lender familiar with local appraisers to ensure a smooth closing, as some service providers may have wider coverage areas.
Why Choose a Mortgage Lender in Andrews?
Local Market Knowledge
Lenders who understand Andrews'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 Andrews and get competitive rates on your home loan.