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Coward, SC

The Best Mortgage Lenders in Coward, SC

Compare verified mortgage lenders serving Coward, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
494+
Reviews
9
Loan Types

Available Loan Programs in Coward

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
HELOC

Featured Mortgage Lenders

1

Michael D. Brown

South State Bank - Mortgage Division

★★★★☆
4.8/5

South State Bank has been serving the Pee Dee region of South Carolina for nearly 90 years and maintains a strong local presence in Florence County, which includes Coward. As one of the largest regional banks in South Carolina, they offer competitive mortgage rates and personalized service through local loan officers who understand the specific needs of rural communities like Coward. Their mortgage team has extensive experience with USDA rural development loans, which are particularly relevant for Coward residents. The bank consistently receives high marks for their responsive customer service and local decision-making capabilities.

Experience:25 years
Reviews:185 customer reviews
1707 W. Evans Street, Florence, SC 29501

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Chris Johnson

First Reliance Bank

★★★★☆
4.7/5

First Reliance Bank has built a strong reputation throughout the Florence area with their "Hometown Service" approach to mortgage lending. They specifically serve the Coward community and surrounding areas with a focus on understanding local property values and community needs. Their mortgage specialists are known for taking extra time to educate first-time homebuyers and offering flexible underwriting for rural properties. The bank has received multiple awards for customer satisfaction and community involvement, making them a trusted local partner for mortgage needs in the Coward area.

Experience:20 years
Reviews:142 customer reviews
2174 W. Palmetto Street, Florence, SC 29501

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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3

Regional Mortgage Services

Truist Mortgage

★★★★☆
4.6/5

Truist (formed from BB&T and SunTrust merger) has deep roots in South Carolina and maintains a significant presence in Florence County, actively serving the Coward community. Their local mortgage team has specialized knowledge of rural property financing and offers a comprehensive range of loan products. Truist is particularly noted for their digital mortgage experience combined with local underwriting expertise, providing Coward residents with both convenience and personalized service. They have strong relationships with local real estate professionals and consistently receive positive feedback for their efficient closing processes and competitive rate offerings.

Experience:22 years
Reviews:167 customer reviews
1807 W. Evans Street, Florence, SC 29501

Loan Types:

ConventionalFHAVAUSDAJumboHELOCRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Coward, SC

Are there any special mortgage programs for first-time homebuyers in Coward, 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 accessible to eligible buyers in Coward. Additionally, local lenders often have knowledge of regional grants or affordable housing initiatives that can be paired with these state programs to make homeownership more accessible in Florence County.

How do property taxes in Coward, SC, affect my monthly mortgage payment?

Property taxes in Florence County, where Coward is located, are relatively moderate compared to national averages, which helps keep escrow payments manageable. For a typical home in Coward, your lender will estimate these taxes and include them in your monthly mortgage payment, holding the funds in an escrow account. It's advisable to get a precise tax estimate from the Florence County Auditor's Office when budgeting.

What is the typical down payment required for a mortgage on a rural property just outside Coward?

For a conventional loan on rural land or a property with acreage in the Coward area, lenders typically require a higher down payment, often 20-25%, due to perceived higher risk and appraisal complexities. However, if the property is eligible, a USDA Rural Development loan offers 100% financing with no down payment, which is a popular option for many qualified buyers in this semi-rural community.

How does Coward's location within the "Pee Dee" region influence mortgage lending and insurance requirements?

While Coward itself isn't in a high-risk flood zone, many surrounding areas in the Pee Dee region are. Lenders will require a flood elevation certificate and likely mandate flood insurance if the property is in a designated Special Flood Hazard Area (SFHA). This is a critical and common cost factor to investigate early in the home-buying process in this part of South Carolina.

Are local community banks or credit unions in the Coward area a good option for mortgages?

Absolutely. Local institutions like First Reliance Bank or local credit unions often have deep roots in the Pee Dee community and may offer more personalized service and flexibility, especially for borrowers with unique financial situations or those purchasing non-standard properties common in the area. They can also be very knowledgeable about local appraisal values and market conditions in Coward and its surrounding neighborhoods.

Mortgage Insights

Finding Your Perfect Mortgage in Coward, SC: A Local Homebuyer's Guide

Searching for "mortgage loans near me" is often the first real step toward homeownership. If you're looking in the quiet, friendly community of Coward, South Carolina, you're not just looking for any loan—you're looking for the right financial key to unlock a home in this specific area. The process here comes with its own local flavor and opportunities that national advice might miss.

Coward offers a appealing blend of rural charm and accessibility to larger hubs like Florence and Darlington. This unique positioning directly impacts your mortgage journey. Home prices here can be more accessible than in many parts of the country, which is excellent news for your down payment and loan amount. However, working with a local lender or a mortgage broker familiar with the Pee Dee region is invaluable. They understand the appraisal process for properties that might have more land, well and septic systems, or unique characteristics common in rural Florence County. A lender from a big city might not appreciate these nuances, potentially causing delays.

When exploring mortgage loans near Coward, be sure to ask about South Carolina-specific programs designed to help buyers like you. The South Carolina State Housing Finance and Development Authority (SC Housing) offers fantastic resources. Their Palmetto Home Advantage program provides competitive interest rates and down payment assistance for eligible buyers, which can be a game-changer. They also offer mortgage programs for teachers, healthcare workers, and first responders—vital professions in our community. Furthermore, as a first-time homebuyer in South Carolina (defined as not having owned a home in the last three years), you may benefit from lower mortgage insurance rates on certain loans and valuable homebuyer education courses.

Your actionable plan starts right here. First, get pre-approved by a lender familiar with the area. This isn't just a casual estimate; it's a verified financial snapshot that shows sellers you're serious and clarifies your true budget. With that in hand, you can confidently look at homes in Coward's neighborhoods or the surrounding countryside. Second, factor in all the costs. Beyond your mortgage payment, remember property taxes in Florence County, homeowner's insurance (which can be influenced by our coastal proximity), and potential costs like maintaining a larger yard or a private driveway. Finally, build a relationship with a local real estate agent. They are your eyes and ears on the ground and can recommend trusted, local mortgage professionals who consistently close loans smoothly in our market.

Buying a home in Coward is about investing in a peaceful lifestyle and a tight-knit community. By focusing your search for "mortgage loans near me" on professionals who know our soil and our state's programs, you're not just finding a loan—you're building a solid foundation for your future right here in Florence County.

Nearby Cities

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Why Choose a Mortgage Lender in Coward?

Local Market Knowledge

Lenders who understand Coward'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 Coward and get competitive rates on your home loan.