The Best Mortgage Lenders in Centenary, SC
Compare verified mortgage lenders serving Centenary, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Centenary
Featured Mortgage Lenders
SAFE Federal Credit Union
SAFE Federal Credit Union
SAFE Federal Credit Union is one of South Carolina's largest and most trusted credit unions, serving members across multiple counties including Marion County where Centenary is located. With exceptional customer satisfaction ratings and deep community roots, they offer personalized mortgage services with competitive rates and local underwriting. Their extensive branch network throughout the Pee Dee region and dedicated mortgage specialists make them a top choice for Centenary residents seeking reliable, community-focused lending with the stability of a long-established financial institution.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has grown from its South Carolina roots to become a nationally recognized lender while maintaining strong local presence in the Pee Dee region. Their Florence office serves Centenary and surrounding communities with exceptional efficiency and customer service. Known for their "On-Time Closing Guarantee" and streamlined digital process, they combine local expertise with national capabilities. Movement consistently receives high marks for communication, competitive rates, and their commitment to community reinvestment, making them a preferred choice for many South Carolina homebuyers.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage's Myrtle Beach office serves the entire Grand Strand and Pee Dee region, including Centenary, with comprehensive mortgage solutions and exceptional local service. As an employee-owned company with six decades of experience, they bring stability and personalized attention to every loan. Their local loan officers have extensive knowledge of South Carolina's housing market and specialize in helping buyers navigate the unique aspects of rural and suburban properties. Guild is particularly noted for their extensive first-time homebuyer programs and commitment to finding creative solutions for challenging financial situations.
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Frequently Asked Questions
Common questions about mortgage lending in Centenary, SC
Are there any first-time homebuyer programs specific to Centenary or Marion County that can help with down payment or closing costs?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers statewide programs like Palmetto Home Advantage and SC Mortgage Tax Credit, which are accessible to Centenary buyers. These programs provide competitive fixed-rate mortgages, down payment assistance, and potential federal tax credits. It's also worth checking with local lenders who may have partnerships or knowledge of any county-specific grants or assistance initiatives for the area.
How do property taxes in Marion County and the town of Centenary impact my monthly mortgage payment?
Marion County has relatively modest property tax rates compared to more urban areas of South Carolina. Your lender will estimate these taxes for your escrow account based on the assessed value of the home. It's crucial to get a clear understanding of the millage rates for both the county and any municipal or special school district fees that apply specifically to properties within Centenary's limits, as this directly affects your PITI (Principal, Interest, Taxes, Insurance) payment.
What types of properties are most common for mortgage financing in Centenary, and does that affect loan options?
Centenary primarily features single-family homes, manufactured homes on owned land, and some rural acreage properties. Financing for standard site-built homes is straightforward, but if you're considering a manufactured home, you'll need to seek a lender familiar with USDA or FHA loans for manufactured housing, ensuring the home meets specific age and foundation requirements. Rural properties may also qualify for USDA Rural Development loans, which are relevant for this area.
Is flood insurance a common requirement for mortgages in Centenary, SC?
Given Centenary's location in the Pee Dee region near the Little Pee Dee River and its tributaries, flood insurance is a frequent requirement. Lenders will mandate a flood zone determination as part of the mortgage process. Even if not in a high-risk zone (SFHA), many lenders in this area still strongly recommend flood coverage due to the local topography and weather patterns, which can impact your total monthly housing cost.
How does the local Centenary real estate market—with its slower pace and lower prices—affect mortgage appraisals?
The Centenary market has a smaller pool of comparable home sales ("comps"), which can sometimes make the appraisal process more challenging. An appraiser may need to look at sales in nearby towns like Marion or Mullins. This makes it important to work with a local lender and real estate agent who understand the hyper-local market values to ensure the appraisal supports your contract price and doesn't delay your mortgage approval.
Why Choose a Mortgage Lender in Centenary?
Local Market Knowledge
Lenders who understand Centenary'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 Centenary and get competitive rates on your home loan.