The Best Mortgage Lenders in Clearwater, SC
Compare verified mortgage lenders serving Clearwater, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clearwater
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender headquartered in Fort Mill, SC, with a strong presence in South Carolina, including service to Clearwater. Known for its competitive rates and exceptional customer service, the company specializes in a wide range of loan products and emphasizes a streamlined digital mortgage process. With an A+ BBB rating and numerous industry awards, it consistently receives high marks for transparency, reliability, and community involvement, making it a top choice for homebuyers in the region.
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SRP Federal Credit Union
SRP Federal Credit Union
SRP Federal Credit Union is a locally trusted institution serving Aiken County and Clearwater with deep community roots. It offers personalized mortgage solutions and competitive rates, backed by high member satisfaction and a reputation for reliability. As a not-for-profit credit union, it focuses on member benefits, including low fees and educational resources. With extensive local branch access and a commitment to the area, it is a preferred lender for many residents seeking dependable, customer-centered service.
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The Mortgage Firm
The Mortgage Firm
The Mortgage Firm is a well-established mortgage broker with a local office in Aiken, providing expert service to Clearwater and surrounding areas. It is renowned for its personalized approach, offering tailored loan options and guidance through the entire mortgage process. With strong customer reviews highlighting responsiveness and competitive rates, the company has built a solid reputation over decades. Its team of experienced loan officers ensures a smooth, stress-free experience, making it a top contender for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Clearwater, SC
What are typical down payment requirements for homes in Clearwater, SC, given its more rural and affordable market?
While standard loans often require 3-5% down, Clearwater's median home price is significantly below the national average, making down payments more manageable in dollar terms. Many local lenders are familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in this designated rural area, a key advantage for Clearwater homebuyers.
Are there specific first-time homebuyer programs or grants available for Clearwater, SC, residents?
Yes, South Carolina offers the SC State Housing Finance and Development Authority (SC Housing) programs, which provide down payment assistance and competitive fixed-rate mortgages. These programs are accessible to Clearwater buyers and are particularly valuable for first-time buyers looking to purchase in Aiken County, often offering assistance in the form of a forgivable second mortgage.
How does the property type common in Clearwater (e.g., older homes, larger lots) affect the mortgage process?
Many homes in Clearwater are older or on substantial rural lots, which can impact loan approvals. Lenders may require specific well and septic inspections for properties not on municipal water/sewer. For older homes, a thorough home inspection is crucial, as lenders may flag necessary repairs that must be completed before closing, which is less common with new construction.
What is the availability of USDA loans in Clearwater, and what areas qualify?
Nearly all of Clearwater, SC, qualifies for USDA Single-Family Housing Guaranteed Loans due to its rural designation. This is a major benefit, offering 100% financing with no down payment. Buyers should work with a lender experienced in USDA loans to confirm the specific property's eligibility, as income limits for the household also apply.
How do mortgage rates in Clearwater, SC, compare to the national or state average?
Mortgage rates in Clearwater are primarily set by national markets and the borrower's credit profile, not the local city. However, working with a local credit union or community bank in the Aiken County area can sometimes provide access to special portfolio loan products or relationship discounts that might offer a competitive edge compared to large national lenders.
Why Choose a Mortgage Lender in Clearwater?
Local Market Knowledge
Lenders who understand Clearwater'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 Clearwater and get competitive rates on your home loan.