The Best Mortgage Lenders in Hodges, SC
Compare verified mortgage lenders serving Hodges, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hodges
Featured Mortgage Lenders
SC State Credit Union Mortgage Department
SC State Credit Union
SC State Credit Union stands out as one of the highest-rated mortgage lenders serving the Hodges area through their Greenwood branch location. As a not-for-profit financial cooperative, they offer highly competitive rates and personalized service to members throughout the Upstate region. Their mortgage team has extensive experience with rural property financing, which is particularly valuable for the Hodges market. Customers consistently praise their responsive communication, streamlined application process, and expertise with VA and USDA loans that benefit many local homebuyers.
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Mark Stroud
Movement Mortgage
Movement Mortgage has established a strong presence throughout South Carolina, including reliable service to Hodges residents. Local loan officer Mark Stroud receives exceptional reviews for his expertise in rural and suburban property financing. The company is renowned for their efficient processing and competitive conventional loan options. Their "Upfront Underwriting" process often results in faster closings, which customers particularly appreciate. With extensive experience serving the Upstate South Carolina market, they understand local property values and lending requirements specific to the Hodges area.
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Jason Grooms
South State Bank Mortgage
South State Bank maintains a strong physical presence in nearby Greenwood with deep roots serving the Hodges community. Their mortgage division receives consistently high marks for local market knowledge and personalized service. They excel at construction and land financing, which is valuable for Hodges residents looking to build or purchase rural properties. The bank's long history in the region means they understand local economic conditions and property valuation nuances. Customers frequently mention their responsive service, competitive rates for conventional loans, and expertise with agricultural and rural property financing.
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Frequently Asked Questions
Common questions about mortgage lending in Hodges, SC
What are the current mortgage rates like in Hodges, SC, and are they different from the national average?
Mortgage rates in Hodges generally align with national averages, but local lenders may offer competitive terms. As a small town in Greenwood County, borrowers can sometimes secure favorable rates through community banks or credit unions that have strong local knowledge. It's advisable to compare offers from both local institutions and larger national lenders to find the best rate for your situation.
Are there any down payment assistance or first-time homebuyer programs specifically available for Hodges residents?
Yes, Hodges homebuyers can access South Carolina State Housing Finance and Development Authority (SC Housing) programs, which offer down payment assistance and favorable loan terms for first-time buyers. Additionally, Greenwood County may have local initiatives or grants. Working with a lender familiar with these programs is key, as they can guide you through income limits and property eligibility requirements specific to the area.
How does the appraisal process work in Hodges, given its rural setting and unique property types?
Appraisals in Hodges can be nuanced due to its rural character and mix of older homes, land, and newer constructions. Appraisers must find comparable sales ("comps") which may come from a wider geographic area within Greenwood County. This process can sometimes lead to valuation challenges, so it's important to work with a lender who uses appraisers experienced with the local market to ensure a fair assessment.
What types of properties or land loans are common in the Hodges area, and are they harder to finance?
It's common to find properties with larger lots, acreage, or even small farms in the Hodges area. Financing for homes on several acres is standard with a conventional mortgage, but if you're purchasing raw land or a property with significant agricultural use, you may need a specialized land loan or agricultural loan. Local banks and Farm Credit associations are often the best sources for these types of financing.
Does Hodges have any specific property tax considerations or exemptions that affect mortgage lending?
Hodges properties fall under Greenwood County tax jurisdiction. South Carolina offers a homestead exemption for primary residents who are 65 or older, legally blind, or permanently disabled, which can significantly reduce property tax burdens. When calculating your total monthly mortgage payment (PITI), your lender will use the local millage rate, and they can help you understand if you qualify for any exemptions that would lower your escrow requirements.
Why Choose a Mortgage Lender in Hodges?
Local Market Knowledge
Lenders who understand Hodges'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 Hodges and get competitive rates on your home loan.