The Best Mortgage Lenders in Conway, SC
Compare verified mortgage lenders serving Conway, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Conway
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a highly-rated national lender with a strong local presence in the Myrtle Beach area, serving Conway residents with exceptional customer service. Founded in 2008 and headquartered in Fort Mill, SC, they specialize in a wide range of loan products and are known for their competitive rates, fast closing times, and personalized approach. With an A+ BBB rating and thousands of positive reviews, they consistently rank among the top mortgage lenders for customer satisfaction, making them a reliable choice for homebuyers in Conway seeking a seamless and efficient mortgage process.
Loan Types:
Coastal Carolina National Bank
Coastal Carolina National Bank
Coastal Carolina National Bank is a community-focused bank headquartered in Myrtle Beach with a dedicated branch in Conway, offering personalized mortgage services to local residents. Established in 2005, they have built a reputation for reliability, competitive rates, and deep community involvement. With expertise in various loan types and a commitment to customer satisfaction, they provide tailored solutions for first-time homebuyers, investors, and refinancing needs. Their high ratings and strong local presence make them a trusted option for Conway homebuyers seeking a neighborhood-oriented lender.
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First Reliance Bank
First Reliance Bank
First Reliance Bank is a regional community bank with a strong foothold in South Carolina, including a Conway branch that offers comprehensive mortgage services. Founded in 1999, they combine decades of experience with a customer-centric approach, providing competitive rates and flexible loan options. Known for their exceptional customer service and local decision-making, they have earned high ratings for transparency and support throughout the home buying process. Their commitment to the Conway community and extensive loan offerings make them a top choice for residents seeking a dependable and responsive mortgage lender.
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Frequently Asked Questions
Common questions about mortgage lending in Conway, SC
Are there any special mortgage programs for first-time homebuyers in Conway, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including down payment assistance and competitive fixed-rate mortgages, which are widely used in Conway. Additionally, some local lenders may offer portfolio loans or grants specifically for buyers in Horry County, often targeting key community professions like teachers, healthcare workers, or first responders.
How does Conway's proximity to flood zones impact the mortgage process?
Given Conway's location along the Waccamaw River and in a coastal county, flood insurance is a critical and often mandatory requirement for many properties. Your lender will require a flood zone determination, and if the home is in a Special Flood Hazard Area (SFHA), you must secure a flood insurance policy before closing, which will be factored into your total monthly housing payment.
What are typical down payment requirements for homes in Conway's market?
While conventional loans often require 5-20% down, many buyers in Conway utilize FHA loans with a 3.5% minimum down payment or VA loans with 0% down, which is popular due to the nearby military presence. For the area's median home price, local lenders often see down payments in the 3-10% range, especially with the use of SC Housing or other assistance programs.
Does Conway's growth and new construction affect mortgage options?
Absolutely. Conway's expanding new construction communities, like in the Carolina Forest area, offer opportunities to use construction-to-permanent loans. Furthermore, many builders have preferred lenders who may offer incentives like closing cost credits. It's important to compare these builder-affiliated offers with local banks and credit unions for the best overall terms.
Are property taxes in Conway, SC, handled differently during the mortgage closing?
In Horry County, property taxes are paid in arrears. Your lender will typically collect an initial escrow deposit at closing to ensure funds are available for the next tax bill. It's important to note that tax rates can vary between the City of Conway and unincorporated county areas, which your lender will verify and account for in your escrow analysis.
Why Choose a Mortgage Lender in Conway?
Local Market Knowledge
Lenders who understand Conway'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 Conway and get competitive rates on your home loan.