The Best Mortgage Lenders in Great Falls, SC
Compare verified mortgage lenders serving Great Falls, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Great Falls
Featured Mortgage Lenders
Mortgage Loan Originator
Enrichment Federal Credit Union
Enrichment FCU is a highly-rated credit union serving the Great Falls area with exceptional mortgage services. While headquartered in Rock Hill, they actively serve residents throughout York, Chester, and Lancaster counties. They consistently receive outstanding customer satisfaction ratings for their personalized service, competitive rates, and comprehensive mortgage solutions. Their mortgage team provides expert guidance through the entire homebuying process with special programs for first-time buyers and various government-backed loan options.
Loan Types:
Mortgage Specialist
First Citizens Bank
First Citizens Bank has a strong regional presence throughout South Carolina with a dedicated mortgage team serving the Great Falls community. Their Chester branch location provides convenient access for Great Falls residents seeking mortgage financing. They offer a wide range of loan products with particularly strong construction and renovation loan programs. With over a century of banking experience, they provide stable, reliable mortgage services and have built a reputation for competitive rates and professional customer service throughout the region.
Loan Types:
Mortgage Loan Officer
Movement Mortgage
Movement Mortgage is a nationally recognized lender with strong presence throughout South Carolina, including service to Great Falls residents. They are particularly noted for their efficient loan processing and excellent customer service ratings. While headquartered in Charlotte, they have multiple loan officers specifically serving the South Carolina market with local expertise. Movement specializes in making the mortgage process streamlined and transparent, with digital tools that simplify applications and strong communication throughout the lending process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Great Falls, SC
What are the typical down payment requirements for homes in Great Falls, SC, given the lower median home prices?
Due to Great Falls's relatively affordable housing market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down. Local lenders are familiar with appraisals in the area and can often work with buyers who have limited savings but stable income, which is common for first-time buyers in the region.
Are there any local or state-specific down payment assistance programs available for Great Falls homebuyers?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including the Palmetto Home Advantage and SC Mortgage Tax Credit, which are accessible to Great Falls buyers. These can provide down payment assistance, competitive interest rates, and federal tax credits, making homeownership more attainable for qualifying individuals and families.
How does the property type common in Great Falls, like older mill houses or larger rural lots, affect the mortgage process?
Older homes, common in historic mill towns like Great Falls, may require specific inspections (like for knob-and-tube wiring or plumbing) that can affect loan approval. For properties with larger acreage, lenders will differentiate between residential and agricultural use, which can influence the loan type and required down payment. A local lender experienced with these property types is essential.
What should I know about flood insurance requirements when getting a mortgage in Great Falls, given its location along the Catawba River?
Many properties in Great Falls, especially those near the river or in designated flood zones, will require mandatory flood insurance as a condition of the mortgage. Your lender will order a Flood Zone Determination, and you should budget for this additional annual premium, which can vary significantly based on the property's specific elevation and risk level.
Are mortgage rates in Great Falls, SC, typically higher or lower than the national average?
Mortgage rates in Great Falls generally align with national averages, as they are set by broader financial markets. However, your personal rate can be improved by leveraging SC Housing's first-time buyer programs or by using a local credit union that may offer special promotions for members within the Chester County community.
Nearby Cities
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Why Choose a Mortgage Lender in Great Falls?
Local Market Knowledge
Lenders who understand Great Falls'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 Great Falls and get competitive rates on your home loan.