The Best Mortgage Lenders in Arcadia, SC
Compare verified mortgage lenders serving Arcadia, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arcadia
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated lender headquartered in South Carolina, known for its exceptional customer service, competitive rates, and strong community presence in the Arcadia area. Founded in 2008, it has grown into one of the nation's leading retail mortgage lenders, with numerous awards for customer satisfaction and a commitment to streamlining the home loan process. Their deep roots in South Carolina ensure localized expertise and reliable support for borrowers in Spartanburg County and beyond.
Loan Types:
Acopia Home Loans
Acopia Home Loans
Acopia Home Loans is a highly-rated mortgage broker based in Greenville, SC, with over 20 years of experience serving the Upstate region, including Arcadia. They are praised for their personalized approach, competitive loan options, and dedication to customer satisfaction, earning them stellar reviews for transparency and efficiency. Their team specializes in guiding clients through the mortgage process with ease, making them a trusted local choice for home financing.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has been a reputable lender in South Carolina for over 25 years, with a Spartanburg branch that actively serves Arcadia and surrounding areas. They are recognized for their wide range of loan products, competitive rates, and high customer satisfaction, backed by numerous industry awards and positive client feedback. Their local presence ensures personalized service and expertise in navigating the mortgage market for homebuyers in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Arcadia, SC
What are the current average mortgage rates for homebuyers in Arcadia, SC?
Mortgage rates in Arcadia typically align with national averages but can be influenced by local lender competition and property types. As of recent trends, buyers can expect conventional 30-year fixed rates to be competitive, but it's wise to check with local credit unions like SAFE Federal Credit Union or regional banks for specific offers, as they often have strong community lending programs.
Are there any down payment assistance programs available specifically for Arcadia homebuyers?
Yes, Arcadia homebuyers can access South Carolina State Housing Finance and Development Authority (SC Housing) programs, which offer down payment assistance and favorable loan terms for eligible borrowers. Additionally, Spartanburg County may have local initiatives; consulting with a mortgage advisor familiar with the Upstate region is recommended to explore all options.
How does Arcadia's rural location impact the mortgage appraisal process?
Due to Arcadia's more rural setting within Spartanburg County, appraisals may require appraisers familiar with comparable properties in similar semi-rural areas, which can sometimes lead to longer turnaround times. Lenders will carefully evaluate land value and property conditions, as unique or large lots are common here.
What types of properties in Arcadia might qualify for USDA Rural Development loans?
Many homes in Arcadia, SC, are eligible for USDA loans due to its designation as a rural area, offering 100% financing with no down payment. To qualify, the property must be located within an eligible USDA zone—most of Arcadia qualifies—and meet certain income limits, making it an excellent option for moderate-income buyers.
Are there specific mortgage considerations for buying older or historic homes in Arcadia?
Yes, Arcadia has a mix of older homes, and financing them may require special attention to property condition. Lenders might require additional inspections for older systems (like plumbing or electrical), and programs like the FHA 203(k) renovation loan can be useful for updates, ensuring the home meets lending standards.
Why Choose a Mortgage Lender in Arcadia?
Local Market Knowledge
Lenders who understand Arcadia'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 Arcadia and get competitive rates on your home loan.