The Best Mortgage Lenders in Mullins, SC
Compare verified mortgage lenders serving Mullins, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mullins
Featured Mortgage Lenders
First Reliance Bank
First Reliance Bank
First Reliance Bank is a highly-rated community bank headquartered in Florence, SC, with a strong presence in the Pee Dee region serving Mullins. Known for personalized service and competitive rates, they offer a wide range of mortgage products and have built a reputation for reliability and local expertise. Their long-standing commitment to the community and high customer satisfaction scores make them a top choice for home loans in the area.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage, founded in South Carolina, is a nationally recognized lender with a strong local focus, serving Mullins and surrounding areas. They are praised for their efficient processing, competitive rates, and exceptional customer service, often closing loans quickly. With high ratings across review platforms and a dedication to community involvement, they are a trusted option for homebuyers seeking a seamless mortgage experience.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a robust presence in South Carolina, including service to Mullins. They are renowned for their extensive loan options, knowledgeable staff, and high customer satisfaction, often earning accolades for their responsive support and competitive pricing. Their long track record and strong reviews highlight their reliability and commitment to helping clients achieve homeownership goals.
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Frequently Asked Questions
Common questions about mortgage lending in Mullins, SC
Are there any special first-time homebuyer programs or grants available specifically for Mullins, SC?
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 Mullins residents. Additionally, it's wise to check with local lenders about any city-specific or Marion County initiatives that may provide additional support for first-time buyers in the area.
How do property taxes in Mullins, SC, affect my monthly mortgage payment?
Property taxes in Mullins and Marion County are relatively low compared to national averages, which helps keep escrow payments manageable. For a typical home in Mullins, annual property taxes often range from $500 to $1,000, depending on the assessed value. Your lender will include this estimated amount in your monthly mortgage payment through an escrow account.
What is the typical down payment required for a mortgage on a home in Mullins' market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Mullins utilize programs like FHA loans with down payments as low as 3.5% or conventional loans with 3% down. Given the area's affordable home prices, a lower down payment is often a practical and achievable option for local buyers.
Are USDA rural housing loans a viable option for mortgages in Mullins, SC?
Absolutely. Mullins is located in an area eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a popular and advantageous program in the Mullins area, making homeownership more accessible, especially for low-to-moderate income households.
How does Mullins' slower-paced, rural market influence the mortgage appraisal process?
Appraisals in Mullins can sometimes be challenging due to fewer recent comparable sales ("comps") in certain neighborhoods. It's important to work with a lender familiar with the local market who can ensure the appraiser has proper knowledge of Marion County. This helps ensure the appraisal accurately reflects the home's value and avoids delays.
Why Choose a Mortgage Lender in Mullins?
Local Market Knowledge
Lenders who understand Mullins'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 Mullins and get competitive rates on your home loan.