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Galivants Ferry, SC

The Best Mortgage Lenders in Galivants Ferry, SC

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

3
Top Lenders
4.7
Avg Rating
950+
Reviews
9
Loan Types

Available Loan Programs in Galivants Ferry

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Home Equity
ARM

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is a top-rated lender founded in South Carolina with a strong local presence in the Galivants Ferry area. They are renowned for their competitive rates, fast closing times, and exceptional customer service, earning high marks for transparency and efficiency. With numerous positive reviews highlighting their personalized approach and expertise in various loan types, they have built a reputation as a reliable choice for homebuyers in Horry County and beyond.

Experience:16 years
Reviews:500 customer reviews
1304 48th Ave N, Myrtle Beach, SC 29577

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Coastal Carolina National Bank

Coastal Carolina National Bank

★★★★☆
4.6/5

As a community-focused bank based in Myrtle Beach, Coastal Carolina National Bank offers personalized mortgage services with deep roots in the Grand Strand region, including Galivants Ferry. They are praised for their local decision-making, competitive loan options, and commitment to customer satisfaction, with reviews often highlighting their friendly staff and straightforward processes. Their long-standing presence and strong community involvement make them a trusted lender for residential purchases and refinances.

Experience:18 years
Reviews:150 customer reviews
1304 48th Ave N, Myrtle Beach, SC 29577

Loan Types:

ConventionalFHAVAConstructionRefinanceHome Equity
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3

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.7/5

Guaranteed Rate is a nationally recognized mortgage lender with a strong local office in Myrtle Beach, serving Galivants Ferry and surrounding areas. They are highly rated for their innovative online tools, competitive rates, and efficient service, with many customers noting quick approvals and helpful guidance throughout the loan process. Their extensive experience and focus on technology-driven solutions ensure a smooth experience for first-time homebuyers and investors alike.

Experience:24 years
Reviews:300 customer reviews
4717 Oleander Dr, Myrtle Beach, SC 29577

Loan Types:

ConventionalFHAVAJumboRefinanceARM
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Frequently Asked Questions

Common questions about mortgage lending in Galivants Ferry, SC

What are typical down payment requirements for homes in Galivants Ferry, SC?

In Galivants Ferry's more rural and moderately priced market, many conventional loans require a minimum of 5% down, though 20% is ideal to avoid private mortgage insurance (PMI). For eligible buyers, USDA loans offer a significant advantage with 0% down payment required, as much of the area qualifies for this rural development program. FHA loans are also common, requiring as little as 3.5% down.

Are there any local or state-specific first-time homebuyer programs available in Galivants Ferry?

Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs beneficial for Galivants Ferry buyers. These include down payment assistance, competitive fixed-rate mortgages, and mortgage credit certificates (MCC) that provide a federal tax credit. Eligibility often includes income limits and home purchase price caps, which align well with the area's housing costs.

How does the rural nature of Galivants Ferry affect my mortgage and property insurance options?

The rural setting can influence both loan type and insurance costs. Your property may qualify for a USDA loan, which is specifically designed for rural areas. However, you may face higher homeowners insurance premiums due to factors like distance from a fire hydrant or fire station, and you might need to budget for additional coverage like flood insurance if the property is near the Little Pee Dee River or its tributaries.

What should I know about property taxes and closing costs when getting a mortgage in Horry County (Galivants Ferry)?

Horry County property taxes are relatively moderate, with a 4% assessment ratio for a primary residence. Closing costs in South Carolina typically range from 2% to 5% of the loan amount. It's important to note that South Carolina requires a unique closing cost: a one-time, non-recurring intangible tax on the mortgage, which is $1.85 per $500 of the loan amount.

Are adjustable-rate mortgages (ARMs) a good option in Galivants Ferry's current market?

Given the current interest rate environment and Galivants Ferry's status as a stable, non-speculative market, fixed-rate mortgages are generally the recommended and more popular choice for long-term security. ARMs might be considered by buyers who are certain they will sell or refinance before the initial fixed period ends, but the modest home price appreciation in the area often doesn't justify the interest rate risk for most buyers.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Galivants Ferry, SC

Searching for "home loan lenders near me" is one of the most crucial first steps in your homebuying journey here in Galivants Ferry. It’s more than just finding a name on a map; it’s about connecting with a financial partner who understands the unique rhythm of our local market. From the quiet, tree-lined lots off Highway 501 to properties closer to the Little Pee Dee River, the right lender can make all the difference in securing your piece of Horry County.

In a community like ours, where word-of-mouth is powerful, starting your search locally is a smart strategy. Local lenders, including community banks and credit unions with branches in Conway or nearby, often have deep roots in the area. They possess an intuitive understanding of property values in Galivants Ferry and the surrounding unincorporated areas, which can be invaluable during the appraisal process. They’re also more likely to be familiar with the specifics of well and septic systems, which are common here, ensuring your loan process accounts for these rural necessities.

However, "near me" in today's world also includes trusted regional and national lenders who offer robust online tools and specific programs beneficial to South Carolina buyers. Don't limit yourself to a single option. Your goal should be to gather recommendations from local real estate agents—who work with lenders daily—and then compare offers from at least three different sources.

This is where South Carolina-specific programs become a game-changer. As a Galivants Ferry buyer, you should absolutely explore the SC State Housing Finance and Development Authority (SC Housing) offerings. They provide first-time homebuyer programs with competitive interest rates, down payment assistance, and tax credits. These programs can be the key to affordability, especially for teachers, healthcare workers, or veterans looking to settle in our area. A knowledgeable lender will help you determine if you qualify for these state-sponsored advantages.

Your actionable plan starts here. First, get your financial documents in order and check your credit score. Then, interview lenders. Ask them directly: "What is your experience with loans in rural Horry County?" and "Can you walk me through the SC Housing programs I might qualify for?" Compare not just interest rates, but also fees, responsiveness, and the clarity of their communication.

Buying a home in Galivants Ferry is about investing in a lifestyle defined by community and natural beauty. By taking the time to find a lender who is not just geographically close but also experientially aligned with our market, you’re building a stronger foundation for your future home. Start your search locally, think statewide for programs, and choose a partner who helps you navigate the path from pre-approval to closing with confidence.

Nearby Cities

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Why Choose a Mortgage Lender in Galivants Ferry?

Local Market Knowledge

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