The Best Mortgage Lenders in Gilbert, SC
Compare verified mortgage lenders serving Gilbert, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gilbert
Featured Mortgage Lenders
Scott Meadows
Movement Mortgage
Movement Mortgage has established itself as one of the top mortgage lenders serving the Gilbert area with their efficient processing and local expertise. Scott Meadows and his team are highly rated for their exceptional customer service, quick closings, and expertise with various loan programs including VA and USDA loans that are popular in rural areas like Gilbert. Their digital mortgage process combined with local underwriting support makes them a preferred choice for homebuyers throughout Lexington County.
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Palmetto Citizens Federal Credit Union
Palmetto Citizens Federal Credit Union
As one of South Carolina's largest credit unions, Palmetto Citizens has deep roots serving communities throughout the Midlands region including Gilbert. They offer competitive rates, personalized service, and a comprehensive range of mortgage products. Their local decision-making and community-focused approach make them particularly strong for first-time homebuyers and those seeking construction loans. With multiple branches in Lexington County, they provide convenient in-person service combined with digital convenience.
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Chris Miller
Guild Mortgage
Guild Mortgage brings national strength with local expertise to the Gilbert market through experienced loan officers like Chris Miller. They are particularly noted for their flexible underwriting and specialty loan programs that benefit buyers in semi-rural areas. Their strong reputation for handling complex loan scenarios and providing educational resources throughout the homebuying process makes them a top choice. They maintain excellent communication and have consistently high customer satisfaction ratings across multiple review platforms.
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Frequently Asked Questions
Common questions about mortgage lending in Gilbert, SC
What are the current mortgage rates like in Gilbert, SC, and how do they compare to state or national averages?
Mortgage rates in Gilbert, SC, are generally aligned with national averages, but local lenders may offer competitive terms. As a smaller town in Lexington County, borrowers often benefit from personalized service from community banks and credit unions, which can sometimes result in favorable rates or lower fees compared to larger national institutions. It's always wise to get quotes from both local and online lenders to secure the best deal.
Are there any first-time homebuyer programs or down payment assistance specific to Gilbert or Lexington County?
Yes, first-time homebuyers in Gilbert can access South Carolina State Housing Finance and Development Authority (SC Housing) programs, which offer competitive interest rates, down payment assistance, and mortgage credit certificates. Additionally, Lexington County may have local initiatives or partnerships with lenders. Working with a local mortgage broker familiar with these programs is key to navigating the options, which can significantly reduce upfront costs.
How does the appraisal process work in Gilbert, given its mix of rural and suburban properties?
Appraisals in Gilbert must account for its unique setting, where properties can range from larger rural lots to newer suburban subdivisions. Appraisers will look at comparable sales ("comps") within Gilbert and nearby areas like Lexington or Red Bank, considering lot size, well/septic systems versus public utilities, and home style. This can sometimes lead to valuation challenges if few recent, similar sales exist, so working with a lender experienced in the local market is crucial.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Gilbert?
Property taxes in Lexington County, which includes Gilbert, are relatively moderate compared to national averages, but you should confirm the exact millage rate for your specific area. Homeowners insurance can be influenced by Gilbert's semi-rural location, potentially requiring additional coverage for well/septic systems or considering flood zone determinations, though much of the area is not in a high-risk flood zone. Your lender will help you estimate these escrow costs accurately.
Are USDA loans a common and viable option for homebuyers in Gilbert, SC?
Absolutely. Given Gilbert's location, many properties qualify for USDA Rural Development loans, which offer 100% financing (no down payment). Most of Gilbert is eligible for USDA loans, making it an extremely popular and practical option for eligible buyers with moderate incomes. This program is particularly attractive for first-time buyers or those looking to purchase homes on larger lots without a substantial down payment.
Why Choose a Mortgage Lender in Gilbert?
Local Market Knowledge
Lenders who understand Gilbert'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 Gilbert and get competitive rates on your home loan.