The Best Mortgage Lenders in Moore, SC
Compare verified mortgage lenders serving Moore, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moore
Featured Mortgage Lenders
Mortgage Advisor
SAFE Federal Credit Union
SAFE Federal Credit Union is one of South Carolina's largest and most respected credit unions, serving Spartanburg County and the greater Upstate region including Moore. With over 65 years of community banking experience, they offer highly competitive mortgage rates and exceptional member service. Their mortgage team provides personalized guidance through the entire homebuying process, with special expertise in first-time homebuyer programs and VA loans. The credit union consistently receives outstanding customer satisfaction ratings for their responsive service and local decision-making capabilities.
Loan Types:
Mortgage Specialist
Movement Mortgage
Movement Mortgage, founded in North Carolina and now serving nationwide, has a strong presence throughout the Upstate South Carolina region including Moore. They are particularly renowned for their efficient processing and "On-Time Closing Guarantee." The local Greenville team has extensive experience with Spartanburg County properties and offers competitive rates with various loan programs. Movement receives high marks for their digital mortgage experience combined with local, personalized service from dedicated loan officers who understand the Moore area market.
Loan Types:
Loan Officer
Founders Federal Credit Union
Founders Federal Credit Union has been serving the Spartanburg community for over 70 years and is a trusted mortgage lender for Moore residents. They offer particularly strong first-time homebuyer programs and competitive conventional loan options. Their local underwriting and decision-making process allows for faster closings and personalized service. Founders is known for their community involvement and commitment to helping members achieve homeownership with educational resources and flexible loan terms tailored to individual financial situations.
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Frequently Asked Questions
Common questions about mortgage lending in Moore, SC
Are there any special mortgage considerations for buying a home in Moore, SC, given its location between Spartanburg and Greenville?
Yes, Moore's position in the growing Upstate corridor means appraisals are crucial, as home values are rising steadily but can vary between established neighborhoods and new developments. Lenders familiar with the area will understand the comps from both Spartanburg and Greenville County markets, which can benefit your loan approval. It's also wise to consider commute patterns, as some lenders may offer special programs for buyers in these high-growth suburban areas.
What first-time homebuyer programs are accessible for residents of Moore, SC?
Moore homebuyers can utilize South Carolina State Housing Finance and Development Authority (SC Housing) programs, which offer competitive interest rates, down payment assistance, and mortgage credit certificates for eligible buyers. Additionally, Spartanburg County may have local assistance initiatives. Working with a lender experienced in these state and local programs is key to navigating the options for Moore's market.
How do property taxes in Spartanburg County impact the mortgage process in Moore?
Spartanburg County has relatively moderate property tax rates, which lenders will factor into your total monthly debt-to-income ratio during pre-approval. It's important to get an accurate estimate of annual taxes for your specific Moore property, as rates can differ slightly based on municipal services. Your lender will typically collect funds for an escrow account to cover these taxes as part of your monthly mortgage payment.
What type of property insurance should I budget for when getting a mortgage in Moore, SC?
Beyond standard homeowners insurance, Moore's location makes flood insurance a critical consideration. While not in a high-risk coastal zone, certain areas near creeks or with poor drainage may require a flood policy, which your lender will mandate. Your mortgage lender will need proof of adequate coverage, and factoring this into your monthly payment estimate is essential for an accurate budget.
Are USDA rural housing loans available for homes in Moore, SC?
Yes, most of Moore qualifies for USDA Section 502 Guaranteed Loans, as it's designated a rural area by the USDA. This is a significant advantage, allowing eligible buyers to purchase with 0% down payment. You should confirm the specific property's eligibility using the USDA website and work with a lender approved to originate these loans, as they are a popular and cost-effective option in the Moore community.
Why Choose a Mortgage Lender in Moore?
Local Market Knowledge
Lenders who understand Moore'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 Moore and get competitive rates on your home loan.