The Best Mortgage Lenders in Fairfax, SC
Compare verified mortgage lenders serving Fairfax, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fairfax
Featured Mortgage Lenders
Chris Jones
First Mortgage Direct, LLC
First Mortgage Direct is a highly-rated South Carolina-based mortgage lender with extensive experience serving rural communities like Fairfax. They specialize in USDA loans which are particularly beneficial for Fairfax homebuyers given the area's rural designation. With a 4.9-star rating across multiple review platforms, they're known for exceptional customer service, competitive rates, and expertise in government-backed loans. Their team has deep knowledge of South Carolina's mortgage landscape and provides personalized service throughout the loan process.
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Casey Fleming
Movement Mortgage
Movement Mortgage is a nationwide lender with strong presence in South Carolina and specifically serves the Fairfax area. Founded in 2008, they've built an excellent reputation for fast closing times and streamlined digital processes. With a 4.8-star rating from hundreds of reviews, they're particularly praised for their VA loan expertise and first-time homebuyer programs. Their local loan officers understand the Fairfax market and offer competitive rates with various loan options tailored to rural community needs.
Loan Types:
Michael Brown
South State Bank Mortgage
South State Bank has deep roots in South Carolina with over 85 years of service to communities throughout the state, including Fairfax. As a regional bank with physical branches near Fairfax, they offer the advantage of local decision-making and personalized service. Their mortgage division maintains a 4.7-star rating for reliability and competitive pricing. They excel at construction loans and conventional mortgages, with experienced loan officers who understand the unique aspects of the Fairfax real estate market and surrounding Allendale County area.
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Frequently Asked Questions
Common questions about mortgage lending in Fairfax, SC
What are the current average mortgage rates for homebuyers in Fairfax, SC, and how do they compare to state or national averages?
Mortgage rates in Fairfax, SC, are typically very close to the national average, as it's a smaller market influenced by broader economic trends. As of recent data, rates in Allendale County often run slightly higher than in major metro areas due to lower loan volume, but competitive local lenders and credit unions can offer favorable terms. It's wise to compare offers from regional banks, like South State Bank, alongside national lenders.
Are there any special down payment assistance or first-time homebuyer programs available specifically for Fairfax, SC, residents?
Yes, Fairfax homebuyers can access statewide South Carolina programs like SC Housing's Palmetto Home Advantage, which offers down payment assistance and competitive interest rates. Additionally, local USDA Rural Development loans are a popular and relevant option for many properties in and around Fairfax, as Allendale County is eligible for 100% financing with no down payment required for qualified buyers.
How does the appraisal process work in Fairfax, given its rural market and potentially fewer comparable home sales?
Appraisals in Fairfax can be challenging due to a lower volume of recent sales, which may require appraisers to look at comparable properties ("comps") from a wider geographic area or from several months prior. It's crucial for buyers to work with a lender experienced in rural markets who understands how to properly evaluate properties here, as unique or rural properties might require a specialized appraisal.
What local property tax considerations should I factor into my mortgage payment in Fairfax, SC?
Property taxes in Allendale County, where Fairfax is located, are relatively low compared to national and even state averages. However, it's important to get an accurate estimate, as taxes are reassessed upon sale and can impact your total monthly mortgage payment (PITI). Your lender will use the current millage rate to calculate an escrow estimate, but confirming with the Allendale County Treasurer's office is recommended.
Are there any city-specific fees or assessments in Fairfax that could affect my closing costs or loan amount?
Fairfax does not have any unique city-level mortgage taxes or transfer fees that significantly differ from standard South Carolina closing costs. Standard state and county recording fees, along with title insurance and lender charges, will apply. However, if purchasing a home with a private well or septic system (common in the area), you may need to budget for specific inspections that could be a condition of the loan.
Why Choose a Mortgage Lender in Fairfax?
Local Market Knowledge
Lenders who understand Fairfax'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 Fairfax and get competitive rates on your home loan.