The Best Mortgage Lenders in Camden, SC
Compare verified mortgage lenders serving Camden, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Camden
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a highly-rated lender headquartered in South Carolina, known for its rapid loan processing, competitive rates, and exceptional customer service. With deep roots in the state, they specialize in a wide range of loan products and have a strong reputation for reliability and community involvement, making them a top choice for Camden homebuyers seeking personalized and efficient mortgage solutions.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a award-winning lender with a strong regional presence in South Carolina, including service to Camden. They are celebrated for their outstanding customer service, transparent processes, and competitive loan options. With decades of experience and numerous industry accolades, they provide tailored mortgage advice and support, ensuring a smooth home financing experience for buyers in the area.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized lender with a strong track record of serving South Carolina communities, including Camden. They are praised for their diverse loan programs, competitive rates, and commitment to customer satisfaction, particularly in supporting first-time homebuyers and underserved markets. Their extensive experience and high customer ratings make them a reliable option for local mortgage needs.
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Frequently Asked Questions
Common questions about mortgage lending in Camden, SC
Are there any special mortgage programs for first-time homebuyers in Camden, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including the Palmetto Home Advantage, which provides down payment assistance and competitive interest rates. These programs are particularly beneficial in Camden, where median home prices are accessible, helping local buyers overcome initial cost barriers.
How does Camden's location in the Midlands affect property taxes and mortgage escrow?
Camden is located in Kershaw County, which has a relatively moderate property tax structure compared to more urban areas of South Carolina. The current county millage rate is approximately 0.476, which lenders will factor into your monthly escrow payment. It's wise to get a precise tax estimate for your specific property, as rates can vary slightly within the city limits.
What is a typical down payment percentage needed for a home in Camden's market?
While 20% is standard to avoid private mortgage insurance (PMI), many buyers in Camden successfully purchase homes with down payments as low as 3-5% using conventional loans or 3.5% with an FHA loan. Given the area's affordable price points, lower down payment options are common and can make homeownership attainable sooner.
Are USDA rural development loans available for homes in Camden, SC?
Yes, most of Camden and the surrounding Kershaw County are eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment). This is a significant advantage for qualified buyers looking in this area, as it can make purchasing a home in Camden's more rural outskirts much more accessible.
How do Camden's historic districts impact the mortgage process?
Purchasing a home in Camden's designated historic districts, like the one encompassing its charming downtown, may require a specialized appraisal and could involve stricter inspection requirements, especially for older homes. Lenders may also consider potential renovation costs, so it's crucial to work with a loan officer experienced with historic properties in South Carolina.
Why Choose a Mortgage Lender in Camden?
Local Market Knowledge
Lenders who understand Camden'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 Camden and get competitive rates on your home loan.