The Best Mortgage Lenders in Hanahan, SC
Compare verified mortgage lenders serving Hanahan, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hanahan
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender headquartered in South Carolina, known for its strong local presence in the Hanahan area. With an exceptional 4.7-star rating from hundreds of reviews, they excel in customer service, offering competitive rates and a streamlined digital mortgage process. Their specialization in various loan types, including VA loans beneficial for military families near Joint Base Charleston, and their commitment to quick closings make them a preferred choice. Founded in 2008, they have built a reputation for reliability and community involvement, serving the Lowcountry with personalized attention.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a long-standing history of excellence, boasting a 4.8-star rating from over 300 reviews. Serving Hanahan and the broader Charleston metro area, they are praised for their competitive rates, extensive loan options, and exceptional customer service. Founded in 1996, their 27 years of experience ensure deep industry expertise, with loan officers dedicated to guiding clients through every step. Their strong local presence and commitment to community support make them a trusted choice for homebuyers seeking reliable and personalized mortgage solutions.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a well-established lender with a strong regional footprint, serving Hanahan and the Charleston area with a 4.6-star rating from nearly 200 reviews. Founded in 1996, they bring 27 years of experience, offering a wide range of loan products and competitive rates. Known for their personalized service and efficient processing, they have a dedicated team familiar with the local market dynamics. Their focus on building long-term client relationships and expertise in VA and FHA loans makes them an excellent option for diverse homebuying needs in the Lowcountry.
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Frequently Asked Questions
Common questions about mortgage lending in Hanahan, SC
Are there any special first-time homebuyer programs or grants available specifically for Hanahan, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several statewide programs, like the Palmetto Home Advantage and SC Mortgage Tax Credit, which are widely used by Hanahan buyers. Additionally, some lenders in the Charleston area may offer local down payment assistance initiatives. It's crucial to work with a lender familiar with these programs, as they can help you navigate the income and purchase price limits that apply in Berkeley County.
How do property taxes in Hanahan, SC, impact my monthly mortgage payment?
Hanahan is located in Berkeley County, which has a relatively moderate property tax structure compared to other parts of the Charleston metro. The total millage rate for a primary residence in Hanahan is typically around 0.5% to 0.6% of the home's assessed value. Your lender will calculate an estimated monthly escrow payment for these taxes, which is a key factor in your total monthly mortgage obligation, especially important to budget for given the area's rising home values.
What is a typical down payment percentage for a conventional loan on a home in Hanahan's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Hanahan's competitive market successfully purchase with down payments as low as 3-5% for conventional loans. Given the median home price, a lower down payment can help buyers enter the market faster, but you should be prepared for stronger offers (including higher earnest money) and potential PMI costs. Local lenders often recommend a 5-10% down payment to balance competitiveness and loan cost.
Does living near the Naval Weapons Station Charleston affect the mortgage process or requirements in Hanahan?
It can positively impact military and VA loan borrowers. Hanahan's proximity to the base makes it a popular choice for military personnel, and many local lenders are exceptionally experienced with VA loans. For non-military buyers, lenders will still consider the stability and demand associated with the base's presence, but there are no specific extra mortgage requirements. It's wise to discuss any specific concerns about the base's influence with your loan officer.
Are there specific mortgage considerations for buying an older home in Hanahan's established neighborhoods like Yeamans Hall or Tanner Plantation?
Absolutely. Older homes in these desirable neighborhoods may require specialized loan attention, particularly regarding appraisal and inspection. An FHA 203(k) renovation loan or a conventional Homestyle loan could be beneficial if updates are needed. Lenders will pay close attention to the age and condition of major systems (roof, HVAC, plumbing) during the appraisal, which can affect loan approval. Using a local appraiser familiar with Hanahan's older home values is a significant advantage.
Nearby Cities
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Why Choose a Mortgage Lender in Hanahan?
Local Market Knowledge
Lenders who understand Hanahan'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 Hanahan and get competitive rates on your home loan.