The Best Mortgage Lenders in Loris, SC
Compare verified mortgage lenders serving Loris, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Loris
Featured Mortgage Lenders
Todd Hucks
Movement Mortgage
Movement Mortgage is one of the top-rated mortgage lenders serving the Loris area with exceptional customer satisfaction ratings. Founded in 2008 and headquartered in Charlotte, NC, they have a strong regional presence throughout the Carolinas. Todd Hucks' team in Myrtle Beach specializes in serving Horry County residents with various loan programs including specialized rural development loans perfect for the Loris area. Their 4.9-star rating across multiple review platforms reflects their commitment to fast closings, competitive rates, and personalized service for both first-time homebuyers and experienced investors.
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Chris Gause
South State Bank Mortgage
South State Bank has been serving South Carolina communities since 1934 with deep roots in the coastal region. As one of the largest regional banks in the Southeast, their mortgage division offers comprehensive lending services throughout Horry County including Loris. Chris Gause and his team provide personalized mortgage solutions with local underwriting and decision-making. Their 4.8-star rating reflects strong customer satisfaction with particular expertise in construction loans and rural property financing, making them an excellent choice for the Loris market. They maintain multiple branches throughout the Grand Strand area.
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Michael Watts
NBSC Mortgage
NBSC Mortgage, a division of South State Bank, has been serving the Grand Strand and inland communities since 1996 with specialized knowledge of the Horry County real estate market. Located in nearby Conway, Michael Watts and his team regularly serve Loris clients with expertise in rural property loans and first-time homebuyer programs. Their 4.7-star rating demonstrates consistent customer satisfaction with particular strength in VA and USDA loans that are popular in the Loris area. As a local lender with decision-making authority in the region, they offer competitive rates and personalized service throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Loris, SC
Are there any special mortgage programs for first-time homebuyers in Loris, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs ideal for Loris buyers, including down payment assistance and competitive fixed-rate mortgages. These programs often have income and purchase price limits, but given Loris's relatively affordable market, many local buyers qualify. It's also worth checking with local lenders about any Horry County-specific initiatives.
How do property taxes in Horry County and the City of Loris affect my mortgage payments?
Horry County, which includes Loris, has a relatively low property tax rate compared to national averages, which helps keep your total monthly mortgage payment manageable. For a typical home in Loris, annual property taxes often range from $800 to $1,500, which will be included in your monthly escrow payment. Your lender can provide a precise estimate based on the specific property's assessed value.
What is a typical down payment needed for a home in Loris's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Loris utilize programs like FHA loans with down payments as low as 3.5% or conventional loans with 3% down. Given the median home price in Loris is below the state average, the cash needed for a down payment is often more attainable here than in larger South Carolina cities, especially with down payment assistance.
Does Loris being in a rural area affect my mortgage options?
Yes, positively. Many properties in and around Loris may qualify for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a significant advantage for buyers looking in this area. A local mortgage lender can quickly determine if a specific property falls within an eligible USDA zone.
How do I account for potential flood insurance when budgeting for a mortgage in Loris?
This is a critical local consideration. While not all of Loris is in a high-risk flood zone, many areas in Horry County are. Your lender will require a flood zone determination, and if the property is in a Special Flood Hazard Area, you must purchase flood insurance, which will be added to your monthly mortgage payment. Always factor in this potential cost, which can be several hundred dollars annually, when evaluating your total housing budget.
Why Choose a Mortgage Lender in Loris?
Local Market Knowledge
Lenders who understand Loris'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 Loris and get competitive rates on your home loan.