The Best Mortgage Lenders in Cayce, SC
Compare verified mortgage lenders serving Cayce, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cayce
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender founded in South Carolina, offering competitive rates and exceptional customer service. With a strong local presence in the Columbia metro area, they serve Cayce residents through personalized mortgage solutions, quick closings, and a wide range of loan options. Their reputation for reliability and community involvement makes them a top choice for homebuyers in the region.
Loan Types:
First Community Bank
First Community Bankshares, Inc.
First Community Bank is a locally-owned institution with nearly three decades of service in the Cayce area. They provide tailored mortgage products, emphasizing community roots and customer-centric approaches. Known for competitive rates and flexible lending options, they have built trust through consistent performance and active involvement in local events, making them a reliable choice for home financing.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust local presence in South Carolina, serving Cayce through advanced digital tools and experienced loan officers. They excel in offering competitive rates, transparent processes, and a variety of loan products, backed by high customer satisfaction scores and a commitment to efficient service.
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Frequently Asked Questions
Common questions about mortgage lending in Cayce, SC
Are there any special first-time homebuyer programs or grants available specifically for Cayce, SC?
Yes, the City of Cayce offers the "Cayce Homeownership Assistance Program" (CHAP), which provides up to $10,000 in down payment and closing cost assistance as a forgivable loan for eligible first-time buyers purchasing within city limits. Additionally, South Carolina Housing offers statewide programs like Palmetto Home Advantage, which are widely used by Cayce buyers for competitive rates and down payment assistance.
How does living in a flood zone, like parts of Cayce near the Congaree River, affect my mortgage process?
It significantly impacts your requirements. Lenders will mandate flood insurance if the property is in a FEMA-designated Special Flood Hazard Area (SFHA). This is a separate, required policy on top of homeowners insurance, and its cost must be factored into your debt-to-income ratio. A lender will order a flood zone determination as a standard part of the appraisal process in Cayce.
What are typical mortgage rates and lender options for a homebuyer in Cayce, SC?
While rates are set nationally, Cayce buyers have strong local options. You can work with regional banks, local credit unions like SC Federal Credit Union, or mortgage brokers familiar with the Lexington County market. Rates in Cayce are competitive with state averages, but your specific rate will depend more on your credit profile, loan type, and down payment than your exact city.
Does Cayce's location near Columbia and Fort Jackson create any unique mortgage considerations?
Absolutely. For military and VA loan borrowers, Cayce is a popular choice due to its proximity to Fort Jackson. Lenders in the area are highly experienced with VA loans. Furthermore, its status as a Columbia suburb means appraisals often compare properties to a broader metro market, and lenders view the area as stable due to diverse employment centers like the university, state government, and the nearby airport industrial park.
Are property taxes in Cayce, SC, handled differently during the mortgage closing process?
Cayce is located within Lexington County, and property taxes are billed annually by the County Treasurer. At closing, your lender will typically collect funds to set up an escrow account to pay these future bills. It's important to note that South Carolina offers a significant property tax reduction for owner-occupied primary residences (the 4% legal residence assessment ratio), which your lender will help ensure you apply for after purchase.
Why Choose a Mortgage Lender in Cayce?
Local Market Knowledge
Lenders who understand Cayce'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 Cayce and get competitive rates on your home loan.