The Best Mortgage Lenders in Cleveland, SC
Compare verified mortgage lenders serving Cleveland, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cleveland
Featured Mortgage Lenders
Upstate Federal Credit Union
Upstate Federal Credit Union
Upstate Federal Credit Union is a highly-rated local financial institution serving the entire Upstate South Carolina region, including Cleveland. With over 70 years of community presence, they offer personalized mortgage services with competitive rates and exceptional member service. Their mortgage team specializes in first-time homebuyer programs and offers a wide range of loan options with local underwriting decisions. The credit union consistently receives outstanding reviews for their responsive service and commitment to helping members achieve homeownership.
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PrimeLending
PrimeLending
PrimeLending's Greenville office serves the Cleveland area with exceptional mortgage services and has built a strong reputation throughout the Upstate region. As a national mortgage lender with local expertise, they combine the resources of a large institution with personalized service from dedicated loan officers. They are particularly noted for their competitive rates, fast closing times, and expertise in various loan programs including first-time homebuyer assistance. Their A+ BBB rating and numerous 5-star reviews highlight their commitment to customer satisfaction.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage's Greenville branch provides comprehensive mortgage services to Cleveland and surrounding communities with a focus on personalized customer care. With over 60 years in the mortgage industry, they offer extensive experience and a wide array of loan products tailored to individual needs. They are particularly strong in government-backed loans and have specialized programs for military families and first-time buyers. Their local team is praised for guiding clients through the entire mortgage process with transparency and expertise, making them a top choice in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Cleveland, SC
What are typical down payment requirements for homes in Cleveland, SC, given its more rural setting?
While standard loans often require 3-5% down, Cleveland's more affordable market can make 20% down payments more attainable to avoid PMI. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible borrowers in this designated rural area, a significant advantage for qualified buyers.
Are there any first-time homebuyer programs specific to Cleveland or Spartanburg County that I should know about?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers statewide programs with competitive rates and down payment assistance, accessible to Cleveland buyers. Additionally, it's wise to check with local lenders about any community-specific grants or programs occasionally offered through partnerships with local banks or credit unions serving the Upstate region.
How does the appraisal process work for a unique or rural property in Cleveland, SC?
Appraising rural or unique properties (like those with acreage) in Cleveland can require appraisers with specific expertise in valuing land and well/septic systems, which may extend the timeline. Lenders will ensure the appraiser is familiar with the local market comparables, which might be farther apart than in urban areas, to establish an accurate value.
What should I know about property taxes and insurance when calculating my mortgage payment in Cleveland?
Property taxes in Spartanburg County (where Cleveland is located) are relatively moderate, but you should factor in the cost of flood insurance if your desired property is near the North Pacolet River or other waterways. Homeowners insurance may also be slightly higher for properties with significant acreage or outbuildings, which is common in the area.
How do mortgage rates in Cleveland, SC, compare to the national or state average?
Mortgage rates in Cleveland generally align with national and South Carolina averages, as they are set by broader economic forces. However, your specific rate can be influenced by your choice of a local lender versus a national bank, as local institutions may offer more personalized service and sometimes competitive terms for in-community buyers.
Nearby Cities
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Why Choose a Mortgage Lender in Cleveland?
Local Market Knowledge
Lenders who understand Cleveland'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 Cleveland and get competitive rates on your home loan.