The Best Mortgage Lenders in Clio, SC
Compare verified mortgage lenders serving Clio, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clio
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated national lender headquartered in South Carolina with extensive experience serving rural communities like Clio. They specialize in USDA loans which are particularly relevant for Clio's rural designation, along with conventional and government-backed loans. Their 4.8 rating reflects exceptional customer service and streamlined digital processes. As a South Carolina-based company, they have deep understanding of local market conditions and strong relationships with real estate professionals throughout the Pee Dee region.
Loan Types:
First Reliance Mortgage
First Reliance Bank
First Reliance Bank has been serving South Carolina communities for over two decades with a strong focus on personalized mortgage lending. They maintain a 4.7 rating based on their commitment to local decision-making and community banking approach. Their expertise in rural lending makes them an excellent choice for Clio residents, offering competitive rates and flexible terms. The bank has multiple branches throughout the Pee Dee region and understands the specific needs of Marlboro County homeowners.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corp.
Fairway Independent Mortgage maintains a remarkable 4.9 rating and has extensive experience serving the northeastern South Carolina region, including Clio. Their Myrtle Beach office specifically handles mortgages throughout the Pee Dee area and specializes in rural property financing. They offer competitive rates and have won multiple national awards for customer satisfaction. Their local loan officers have deep knowledge of Marlboro County's real estate market and provide personalized service with quick turnaround times.
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Frequently Asked Questions
Common questions about mortgage lending in Clio, SC
What are the current average mortgage rates for homebuyers in Clio, SC, and how do they compare to state or national averages?
Mortgage rates in Clio typically align closely with national averages, as they are driven by broader economic factors. However, local lenders may offer competitive rates, and it's common to see conventional 30-year fixed rates within a quarter-point of the national average. Shopping with local credit unions like Founders Federal Credit Union, which has a strong presence in the Pee Dee region, can sometimes yield more favorable terms.
Are there any down payment assistance or first-time homebuyer programs specifically available for Clio residents?
Yes, Clio homebuyers can access statewide South Carolina programs like SC Housing's Palmetto Home Advantage, which offers down payment assistance and competitive interest rates. Additionally, the USDA Rural Development loan is a key program for Clio, as the town qualifies for 100% financing with no down payment due to its rural designation, making homeownership more accessible.
How does Clio's rural location and property types affect the mortgage appraisal process?
Due to Clio's rural setting and lower population density, appraisals can sometimes be more challenging as comparable home sales ("comps") may be fewer and farther apart. Lenders often require appraisers with specific knowledge of the Marlboro County market. Unique property types, like larger tracts of land with homes, may require specialized appraisals, potentially slightly extending the loan timeline.
What local lenders or mortgage brokers are most familiar with the Clio real estate market?
For the most localized expertise, homebuyers should consider lenders with physical branches in the Pee Dee region. This includes Founders Federal Credit Union, South State Bank, and First Citizens Bank, which have offices in nearby Bennettsville, Cheraw, or Florence. These institutions have a deep understanding of property values and trends in Marlboro County and Clio specifically.
Are property taxes and homeowners insurance in Clio, SC, relatively affordable, and how do they impact monthly mortgage payments?
Yes, Clio and Marlboro County have some of the most affordable property tax rates in South Carolina, which positively impacts your total monthly payment. Homeowners insurance is also generally reasonable, though it's wise to get quotes that account for the area's exposure to occasional severe weather. These lower carrying costs make Clio an attractive option for buyers seeking to maximize their budget.
Why Choose a Mortgage Lender in Clio?
Local Market Knowledge
Lenders who understand Clio'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 Clio and get competitive rates on your home loan.