The Best Mortgage Lenders in Buffalo, SC
Compare verified mortgage lenders serving Buffalo, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Buffalo
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Spartanburg
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in the Upstate South Carolina region. Their Spartanburg office serves Buffalo and surrounding Cherokee County with exceptional customer service and competitive rates. They specialize in first-time homebuyer programs and offer a wide range of loan products with personalized guidance through the entire mortgage process. Their high rating reflects consistent customer satisfaction and efficient loan processing.
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Palmetto Citizens Federal Credit Union
Palmetto Citizens Federal Credit Union
As South Carolina's largest state-chartered credit union, Palmetto Citizens has deep roots in serving communities across the state, including Buffalo and Cherokee County. They offer competitive mortgage rates with member-focused service and local decision-making. Their extensive branch network throughout the Upstate provides convenient access for Buffalo residents, and they're known for their community involvement and personalized mortgage counseling.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established a strong presence throughout South Carolina with local loan officers serving the Buffalo area. Known for their innovative "Upfront Underwriting" process that can significantly reduce closing times, they provide exceptional service for both purchase and refinance transactions. Their community-focused approach and competitive pricing make them a top choice for homeowners in rural communities like Buffalo, with loan officers who understand the local market dynamics.
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Frequently Asked Questions
Common questions about mortgage lending in Buffalo, SC
Are there any first-time homebuyer programs specifically for residents of Buffalo, SC?
While Buffalo itself may not have a city-specific program, as a resident of Union County, you have access to the South Carolina State Housing Finance and Development Authority (SC Housing) programs. These offer competitive interest rates, down payment assistance, and mortgage credit certificates that can significantly reduce the cost of homeownership for eligible first-time buyers in Buffalo and across the state.
How do property taxes in Buffalo, SC, affect my monthly mortgage payment?
Union County, where Buffalo is located, has relatively low property tax rates compared to national averages, which is a benefit for your monthly payment. Your lender will calculate an escrow estimate based on the assessed value of the home you're purchasing. It's wise to confirm the exact millage rate with the Union County Auditor's office, as this directly impacts your PITI (Principal, Interest, Taxes, and Insurance).
What type of property appraisal challenges are common for mortgages in Buffalo's rural market?
Given Buffalo's rural setting, a common challenge is finding comparable sales ("comps") for unique or older properties, which can sometimes affect appraised values. Lenders often require appraisers familiar with the Union County area. For homes on larger lots or with non-standard features, be prepared for a potentially more detailed appraisal process to ensure the property meets lending standards.
Are USDA loans a popular option for mortgages in Buffalo, SC?
Yes, USDA Rural Development loans are an extremely relevant and popular option in Buffalo, as the entire area is eligible for this $0-down-payment program. This makes homeownership more accessible, especially given the town's classification. Many local lenders are experienced with USDA guidelines, which are ideal for the moderate-income buyers common in the Buffalo market.
How does Buffalo's housing market, with its older home inventory, influence mortgage lending requirements?
Buffalo has many charming, older homes, which can lead to stricter inspection and appraisal requirements for a mortgage. Lenders may require specific inspections for older systems (like wiring or plumbing) to ensure the property is habitable and secure. An FHA 203(k) renovation loan could be a valuable tool here, allowing you to finance both the purchase and necessary updates to an older property.
Why Choose a Mortgage Lender in Buffalo?
Local Market Knowledge
Lenders who understand Buffalo'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 Buffalo and get competitive rates on your home loan.