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Florence, SC

The Best Mortgage Lenders in Florence, SC

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

3
Top Lenders
4.6
Avg Rating
700+
Reviews
8
Loan Types

Available Loan Programs in Florence

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer programs
ARM

Featured Mortgage Lenders

1

First Reliance Bank Mortgage Department

First Reliance Bank

★★★★☆
4.5/5

First Reliance Bank is a community bank headquartered in Florence, SC, with over two decades of trusted service. They are highly rated for their personalized mortgage solutions, deep local market knowledge, and commitment to customer satisfaction. Their competitive rates, extensive loan options, and strong community involvement make them a top choice for homebuyers in the Florence area.

Experience:24 years
Reviews:150 customer reviews
1831 West Evans Street, Florence, SC 29501

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Movement Mortgage

Movement Mortgage

★★★★☆
4.7/5

Founded in South Carolina, Movement Mortgage has built a reputation for excellence with high customer ratings and efficient loan processing. They offer a wide range of mortgage products and are known for their competitive rates and exceptional service. With a strong regional presence, they actively serve the Florence area, providing reliable and streamlined home financing options.

Experience:15 years
Reviews:300 customer reviews
1600 Harding Place, Fort Mill, SC 29708

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer programs
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3

Guaranteed Rate

Guaranteed Rate

★★★★☆
4.6/5

Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in South Carolina, including service to Florence. They are praised for their digital mortgage experience, competitive rates, and wide array of loan products. With high customer satisfaction scores and a commitment to transparency, they are a top contender for homebuyers seeking reliable and innovative financing solutions.

Experience:23 years
Reviews:250 customer reviews
4701 Oleander Drive, Myrtle Beach, SC 29577

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARM
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Frequently Asked Questions

Common questions about mortgage lending in Florence, SC

Are there any first-time homebuyer assistance programs specific to Florence, SC?

Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several statewide programs, but local lenders in Florence often have specific knowledge of additional down payment assistance or closing cost grants available for Florence County residents. It's also worth checking with the Florence County government or local housing nonprofits for any city-specific initiatives aimed at promoting homeownership in targeted neighborhoods.

How do property taxes in Florence, SC, impact my monthly mortgage payment?

Florence County property taxes are relatively moderate compared to national averages, which helps keep escrow payments manageable. The current millage rate for the City of Florence is combined with county and school district rates. Your lender will calculate an estimated monthly escrow payment based on the assessed value of the home, which is typically lower than the purchase price, a key factor in your total PITI (Principal, Interest, Taxes, and Insurance) payment.

What is a typical down payment percentage for a conventional loan on a home in Florence's current market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Florence report that buyers are successfully securing conventional loans with down payments as low as 3-5%, especially for first-time buyers. Given Florence's affordable housing market, a lower down payment is often more attainable, but you should discuss PMI costs with your lender as they will be added to your monthly payment.

Does Florence, SC, have any special mortgage considerations for homes in historic districts like the Downtown Historic District?

Yes, purchasing a home in a designated historic district in Florence can involve additional steps. Some lenders may require specialized appraisals familiar with historic properties, and you should investigate if the home has any preservation easements. Furthermore, there may be specific renovation loan programs or grants available for historic homes, which a local mortgage broker with experience in these neighborhoods can help you navigate.

How do interest rates for mortgages in Florence compare to state and national averages?

Mortgage interest rates in Florence typically align closely with national averages, as they are set by broader financial markets. However, your specific rate will depend heavily on your credit profile, loan type, and the lender you choose. It's highly recommended to shop around with local credit unions, regional banks, and national lenders operating in the Florence area, as competition can sometimes yield slightly better terms or local promotional rates.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Florence, SC

Searching for "home lenders near me" in Florence is more than just finding the closest bank. It's about connecting with a financial partner who understands our unique local market and can guide you to the right loan for your Palmetto State dreams. Florence, with its blend of historic neighborhoods, growing suburbs, and strong community roots, offers fantastic opportunities, but navigating the financing requires a local touch.

The Florence housing market presents a compelling mix of affordability and steady growth. Working with a lender based in or deeply familiar with the Pee Dee region is a significant advantage. They have firsthand knowledge of property values in areas like Vintage Place, Windsor Forest, or downtown's historic districts. This local expertise is crucial for a smooth appraisal process and can help you make a competitive offer that aligns with true market worth. A local lender also understands the economic drivers here, from healthcare and education to manufacturing and logistics, which can impact loan approval considerations.

When starting your search, look beyond big national names. Florence is home to strong local credit unions, like Family Trust Federal Credit Union, and community banks that often provide more personalized service and may have more flexibility. Don't hesitate to ask any lender you interview specific questions: "How many loans did you close in Florence County last year?" or "Are you familiar with the new developments in the Freedom Boulevard area?" Their answers will tell you a lot.

As a South Carolina homebuyer, you have access to several valuable statewide programs that a knowledgeable local lender can help you unlock. The SC State Housing Finance and Development Authority (SC Housing) offers down payment assistance, competitive first-time homebuyer loans, and affordable mortgage options. These programs can be game-changers, especially for teachers, healthcare workers, or public servants. A lender experienced with SC Housing's requirements can streamline what might otherwise be a complex application.

Your actionable first step? Create a shortlist of three potential lenders: perhaps one local credit union, one community bank, and one mortgage broker with strong Florence ties. Schedule brief consultations with each—most offer these for free. Come prepared with your financial details and ask them to outline your best loan options, including any SC-specific programs you might qualify for. Compare not just interest rates, but also closing cost estimates and the confidence you feel in their local knowledge.

Ultimately, the right "lender near you" in Florence will feel like a trusted advisor, not just a service provider. They should help you understand how your loan fits into the landscape of our city, ensuring your path to homeownership is as smooth as a Southern breeze. By choosing a partner who knows Florence, you're not just getting a mortgage; you're investing in a relationship that understands your new hometown.

Nearby Cities

Explore mortgage lenders in cities near Florence, SC

Why Choose a Mortgage Lender in Florence?

Local Market Knowledge

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