The Best Mortgage Lenders in Irmo, SC
Compare verified mortgage lenders serving Irmo, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Irmo
Featured Mortgage Lenders
Founders Federal Credit Union
Founders Federal Credit Union
Founders Federal Credit Union stands as one of South Carolina's most trusted mortgage lenders with deep roots in the Irmo community. With an exceptional 4.8 rating from nearly 200 reviews, they've built a reputation for personalized service and competitive rates. As a local credit union, they offer member-focused lending with lower fees and more flexible underwriting than many national banks. Their mortgage specialists provide comprehensive guidance through the entire home buying process, from pre-approval to closing. Founders' strong community presence and decades of experience serving the Columbia metropolitan area make them a top choice for Irmo homebuyers seeking reliable, local mortgage solutions.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has established itself as a powerhouse in the South Carolina mortgage market with a strong 4.7 rating from over 400 reviews. Though headquartered in Charlotte, they maintain a significant presence throughout the Columbia metro area, including Irmo. Known for their innovative "Upfront Underwriting" process that can provide certainty to buyers in competitive markets, Movement combines technology with personalized service. Their local loan officers have extensive knowledge of the Irmo housing market and specialize in making the mortgage process efficient and transparent. With competitive rates and a commitment to closing loans quickly, they're particularly popular with both first-time and repeat homebuyers in the Midlands region.
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First Citizens Bank
First Citizens Bank & Trust Company
First Citizens Bank brings over a century of banking expertise to Irmo homebuyers with a solid 4.6 rating from hundreds of reviews. Their physical branch location in Irmo provides convenient local access for mortgage consultations and processing. As one of South Carolina's most established financial institutions, they offer stability and deep community knowledge that benefits local homebuyers. First Citizens provides a comprehensive range of mortgage products with competitive rates and personalized service from experienced loan officers who understand the specific dynamics of the Irmo real estate market. Their long-standing presence and commitment to customer satisfaction make them a reliable choice for traditional mortgage lending with local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Irmo, SC
What are the current average mortgage rates in Irmo, SC, and how do they compare to state or national averages?
Mortgage rates in Irmo are typically very close to national averages, as they are driven by broader economic factors. However, local credit unions like SC State Credit Union or Founders Federal Credit Union may occasionally offer very competitive rates to members. It's always wise to compare offers from both local lenders and national banks to secure the best rate for your specific financial profile.
Are there any down payment assistance programs specifically for first-time homebuyers in Irmo?
Yes, Irmo homebuyers can access South Carolina's statewide SC Housing Homebuyer Program, which offers down payment assistance, competitive fixed-rate mortgages, and tax credits. Additionally, the Lexington County Community Development Block Grant (CDBG) program occasionally has funds for income-eligible buyers. Working with a lender familiar with these programs is key to navigating the application process successfully.
How does Irmo's location in the "Lake Murray" area affect property appraisals and mortgage lending?
Proximity to Lake Murray can significantly increase property values, especially for homes with water access or clear views. Lenders will require a thorough appraisal that specifically evaluates this "lake premium." For larger or unique waterfront properties, lenders may have stricter requirements or require a jumbo loan, so it's important to work with an appraiser and lender experienced in the local lake market.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Irmo?
Your mortgage payment will include escrow for property taxes and homeowners insurance. Irmo is in Lexington County, which has relatively moderate property tax rates. However, due to Irmo's proximity to Lake Murray and its older housing stock, lenders may require additional flood insurance determinations or wind/hail coverage, which can affect your total monthly payment. Always get detailed insurance quotes during your home search.
Are there specific mortgage considerations for buying in Irmo's older, established neighborhoods versus newer subdivisions?
Absolutely. In established neighborhoods like Friarsgate or Oakwood, homes may be older, leading lenders to pay close attention to the home inspection and appraisal for condition issues that could affect loan approval. In newer subdivisions, you might encounter more homes governed by Homeowners Associations (HOAs); lenders will factor HOA fees into your debt-to-income ratio, which can impact how much you qualify to borrow.
Nearby Cities
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Why Choose a Mortgage Lender in Irmo?
Local Market Knowledge
Lenders who understand Irmo'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 Irmo and get competitive rates on your home loan.