The Best Mortgage Lenders in Mount Pleasant, SC
Compare verified mortgage lenders serving Mount Pleasant, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mount Pleasant
Featured Mortgage Lenders
Mark Johnson
Movement Mortgage
Movement Mortgage has established itself as one of the top mortgage lenders in Mount Pleasant with exceptional local presence and community involvement. Founded in North Carolina but now headquartered in Indian Land, SC, they maintain a strong Mount Pleasant office with local loan officers who understand the unique Charleston-area real estate market. They're particularly praised for their streamlined digital mortgage process, competitive rates, and exceptional customer service. Their "Upfront Underwriting" process often results in faster closings, which is crucial in Mount Pleasant's competitive housing market. They specialize in both purchase and refinance loans with a wide variety of loan products.
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South State Bank Mortgage
South State Bank
As a longstanding regional bank with deep roots in South Carolina, South State Bank offers exceptional mortgage services through their local Mount Pleasant branch. They combine the personal service of a community bank with the resources of a larger institution, providing competitive rates and local decision-making. Their mortgage team includes experienced local professionals who understand the specific needs of Mount Pleasant homebuyers, particularly in the competitive coastal market. They're highly regarded for construction loans and jumbo financing, which are particularly relevant in Mount Pleasant's higher-priced housing market. Their longstanding community presence and local expertise make them a trusted choice.
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PrimeLending
PrimeLending, A PlainsCapital Company
PrimeLending maintains a strong Mount Pleasant presence with local loan officers who specialize in the Charleston-area market. They're particularly noted for their extensive loan product offerings and competitive rates, with special expertise in VA loans which is important given the military presence in the Charleston region. Their local team has deep knowledge of Mount Pleasant's specific neighborhoods and market conditions. They receive consistent praise for their responsive communication and ability to close loans efficiently, even in complex situations. As a national lender with strong local representation, they offer the best of both worlds - extensive resources combined with personalized local service.
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Frequently Asked Questions
Common questions about mortgage lending in Mount Pleasant, SC
Are there any special mortgage considerations for buying a home in Mount Pleasant, SC, given its coastal location?
Yes, due to Mount Pleasant's location in a coastal flood zone, many lenders will require a separate flood insurance policy as a condition of the mortgage. This is in addition to standard homeowners insurance and can add a significant ongoing cost. It's crucial to factor this into your budget and work with a lender familiar with the area's specific flood maps and insurance requirements.
What are the typical down payment requirements for mortgages in Mount Pleasant's competitive real estate market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Mount Pleasant successfully purchase with 3-5% down using conventional loans or 3.5% down with an FHA loan. Given the higher median home prices, local lenders often see strong competition, so a larger down payment can make your offer more attractive, but various low-down-payment programs are readily available.
Are there any first-time homebuyer programs specific to Mount Pleasant or Charleston County that can help with down payment or closing costs?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several statewide programs, including down payment assistance and favorable mortgage rates, which are accessible to Mount Pleasant buyers. Additionally, some local lenders and credit unions may offer special programs or grants for first-time buyers in the Charleston area, so it's worth asking lenders about local incentives.
How do mortgage rates in Mount Pleasant, SC, compare to state and national averages?
Mortgage rates in Mount Pleasant are generally aligned with national averages, as they are set by broader economic forces. However, your specific rate will depend heavily on your credit profile, loan type, and down payment. Working with a local lender who understands the South Carolina market can sometimes provide access to competitive, localized promotions or relationships with regional banks.
What should I know about property taxes and how they affect my mortgage payment in Mount Pleasant?
Property taxes in Mount Pleasant are a key component of your monthly mortgage payment, as they are typically escrowed by the lender. Charleston County assesses property at 4% of fair market value for primary residences, and the Town of Mount Pleasant then applies its millage rate. Taxes here are considered moderate for the area, but it's important to get an accurate estimate, as they can add several hundred dollars to your monthly payment.
Nearby Cities
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Why Choose a Mortgage Lender in Mount Pleasant?
Local Market Knowledge
Lenders who understand Mount Pleasant'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 Mount Pleasant and get competitive rates on your home loan.