The Best Mortgage Lenders in Furman, SC
Compare verified mortgage lenders serving Furman, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Furman
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is one of South Carolina's most prominent mortgage lenders, founded in Indian Land, SC and now headquartered in Virginia. They maintain a strong physical presence throughout the Greenville area and serve rural communities like Furman extensively. Known for their competitive rates and efficient closing process, they specialize in both urban and rural property financing including USDA loans which are particularly relevant for the Furman area. Their local loan officers have deep knowledge of Hampton County and surrounding rural markets.
Loan Types:
Guild Mortgage
Guild Mortgage Company
Guild Mortgage has established a strong regional presence in South Carolina with multiple Greenville-area offices that serve the broader Lowcountry region including rural communities like Furman. They are particularly respected for their first-time homebuyer programs and government-backed loans. With over six decades of experience, they offer personalized service and have developed specialized expertise in South Carolina's rural housing markets, making them an excellent choice for Furman residents seeking flexible financing options.
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South Carolina Federal Credit Union
South Carolina Federal Credit Union
As one of South Carolina's largest credit unions, SC Federal serves members statewide including those in rural areas like Furman. They offer highly competitive mortgage rates for members and have specialized knowledge of South Carolina's unique housing markets. Their commitment to community banking and understanding of local economic conditions makes them particularly valuable for rural home financing. While based in the Lowcountry, they actively serve members throughout South Carolina with digital mortgage services and local relationship managers.
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Frequently Asked Questions
Common questions about mortgage lending in Furman, SC
What are the typical down payment requirements for homes in Furman, SC, given its rural market?
In Furman's more affordable rural market, many conventional loans are available with down payments as low as 3-5%. For the area's lower-priced homes, USDA loans are a particularly attractive option as they offer 100% financing (zero down payment) for eligible borrowers and properties in this designated rural area, which can include much of Hampton County.
Are there any first-time homebuyer assistance programs specific to Furman or Hampton County?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers statewide programs accessible to Furman buyers, including down payment assistance and competitive fixed-rate mortgages. Additionally, local lenders often have knowledge of any county-specific or regional grants or soft-second mortgage programs that can help with closing costs in Hampton County.
How does the appraisal process work for a home in a small, rural town like Furman?
Appraisals in Furman can be more challenging due to fewer recent comparable sales ("comps"). It's crucial to work with a lender who uses appraisers familiar with rural South Carolina markets. They will often look at sales in nearby towns like Estill, Varnville, or even Allendale to establish an accurate value, which is essential for loan approval.
What type of property insurance considerations are unique to mortgages in the Furman area?
Given Furman's location in a coastal state and its proximity to wetlands and floodplains, lenders will require a thorough flood zone determination. Even if not in a high-risk zone, flood insurance may still be recommended. Additionally, considering the age of many homes in the area, ensuring the appraisal and inspection account for older systems is important for insurance underwriting.
How do mortgage rates and fees in Furman compare to larger South Carolina cities?
While national rates set the baseline, local lender competition is less intense than in metros like Charleston or Columbia. This can sometimes mean fewer promotional offers, but also allows for more personalized service. It's highly advisable to compare offers from local credit unions, community banks in Hampton County, and a few larger regional lenders to ensure you're getting the best combination of rate and fees for your Furman home purchase.
Why Choose a Mortgage Lender in Furman?
Local Market Knowledge
Lenders who understand Furman'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 Furman and get competitive rates on your home loan.