The Best Mortgage Lenders in Latta, SC
Compare verified mortgage lenders serving Latta, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Latta
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is one of South Carolina's most prominent mortgage lenders with deep roots in the state. Founded in Indian Land, SC, they have extensive experience serving rural communities like Latta and throughout Dillon County. Their 4.8 rating reflects exceptional customer service with streamlined digital processes and local loan officers who understand the unique needs of Pee Dee region homebuyers. They're particularly strong with VA and USDA loans, which are popular in rural South Carolina areas.
Loan Types:
Anderson Brothers Bank
Anderson Brothers Bank
As a community bank with nearly a century of service in the Pee Dee region, Anderson Brothers Bank has deep local knowledge of Latta and surrounding communities. Their 4.7 rating comes from personalized service and competitive rates tailored to local market conditions. They maintain strong relationships throughout Marion and Dillon Counties, offering construction loans and renovation financing that are particularly valuable in rural areas. Their long-standing community presence ensures reliable, face-to-face service.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Florence Branch
Fairway Independent Mortgage's Florence branch consistently earns exceptional ratings for their service throughout the Pee Dee region, including Latta. With a 4.9 rating from hundreds of reviews, they're known for responsive communication and competitive rate offerings. Their local loan officers have extensive experience with rural property financing and USDA loans, which are particularly relevant for Latta homebuyers. They offer a wide range of loan products with efficient processing times and strong customer support throughout the loan process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Latta, SC
What are the current mortgage rates like in Latta, SC, and how do they compare to the national average?
Mortgage rates in Latta are generally aligned with national averages, but local lenders may offer competitive rates due to the smaller market. It's common to see rates slightly lower than in larger South Carolina metros like Charleston or Greenville. To get the best rate, it's advisable to compare offers from local credit unions, regional banks, and national lenders serving the Dillon County area.
Are there any down payment assistance programs specifically for buyers in Latta or Dillon County?
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 accessible to Latta buyers. Additionally, local lenders may have knowledge of community-specific grants or affordable housing initiatives. First-time homebuyers should consult with a local loan officer who is well-versed in these state and potentially county-level resources.
How does the appraisal process work for a home in Latta's rural and small-town market?
Appraisals in Latta can be challenging due to fewer recent comparable sales ("comps") in the immediate area. Appraisers often look at similar homes in nearby towns like Dillon, Lake View, or even Marlboro County. It's important for buyers to be patient, as the appraiser may need to expand the geographic search, which can occasionally impact the appraised value compared to the sale price in a tight market.
What types of properties might require special mortgage consideration in the Latta area?
Financing for homes on larger lots (over 5 acres) or with agricultural outbuildings is common in the Latta area and may require a rural property appraisal. Additionally, older homes, which are prevalent in Latta's historic districts, might need specific inspections for FHA or VA loans. It's crucial to discuss the property's specific characteristics with your lender early in the process.
As a first-time homebuyer in Latta, what should I know about closing costs and property taxes?
Closing costs in Latta typically range from 2% to 5% of the loan amount. Dillon County property taxes are relatively low compared to the national average, which is a significant benefit. For the 2023 tax year, the millage rate for Latta was approximately 392 mills for residential property. Your lender can provide a detailed Loan Estimate that includes these localized tax figures and estimated insurance costs.
Why Choose a Mortgage Lender in Latta?
Local Market Knowledge
Lenders who understand Latta'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 Latta and get competitive rates on your home loan.