The Best Mortgage Lenders in Murrells Inlet, SC
Compare verified mortgage lenders serving Murrells Inlet, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Murrells Inlet
Featured Mortgage Lenders
The Mortgage Firm - Myrtle Beach
The Mortgage Firm
The Mortgage Firm's Myrtle Beach location is consistently rated as one of the top mortgage lenders serving the Grand Strand area, including Murrells Inlet. With over two decades of experience, they specialize in coastal property financing and have deep expertise with VA loans, making them ideal for military families from nearby bases. Their local team understands the unique aspects of Murrells Inlet's waterfront and golf course communities, and they maintain an exceptional 4.9-star rating from hundreds of satisfied customers praising their personalized service and competitive rates.
Loan Types:
South State Bank Mortgage
South State Bank, N.A.
South State Bank has a strong physical presence in Murrells Inlet with a local branch that offers comprehensive mortgage services. As a well-established regional bank with deep roots in South Carolina, they bring exceptional local market knowledge and community commitment. Their mortgage team specializes in both primary residences and investment properties common in the Murrells Inlet area. Customers consistently praise their responsive service, competitive rates, and the convenience of working with a local lender who understands the coastal real estate market.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
While headquartered in Charlotte, Movement Mortgage has a strong local presence serving the Myrtle Beach/Murrells Inlet area with dedicated loan officers. They've built an outstanding reputation for efficient processing and competitive rates, particularly for first-time homebuyers and military families. Their innovative technology platform streamlines the mortgage process while maintaining personal service. With thousands of loans originated in Horry County, they have extensive experience with the diverse housing stock in Murrells Inlet, from marshfront properties to golf community homes.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Murrells Inlet, SC
Are there specific mortgage considerations for buying a home in a flood zone in Murrells Inlet?
Yes, absolutely. Given Murrells Inlet's coastal location, many properties are in FEMA-designated flood zones (AE or VE). Lenders will require flood insurance as a mandatory condition for your mortgage, which can add a significant annual cost ($1,500-$4,000+). It's crucial to factor this into your budget and confirm the flood zone designation before making an offer.
What local or state programs are available for first-time homebuyers in Murrells Inlet?
South Carolina offers the SC State Housing Finance and Development Authority (SC Housing) programs, which provide competitive interest rates and down payment assistance for eligible first-time buyers. Additionally, some local lenders in the Grand Strand area may offer specialized products. These programs can be especially helpful given the area's popularity with second-home buyers and retirees, which can increase competition.
How does Murrells Inlet's popularity as a vacation and retirement destination affect mortgage lending?
The high volume of investment and second-home purchases means lenders are very experienced with non-primary residence loans, but terms can differ. Rates for investment properties are typically 0.5% - 0.75% higher, and down payment requirements are steeper (often 20-25%). For a primary residence, you may compete with cash buyers, so having a strong pre-approval is essential.
What are typical property taxes like in Murrells Inlet, and how do they impact mortgage payments?
Property taxes in Horry County, which includes Murrells Inlet, are relatively moderate for South Carolina. The effective tax rate is approximately 0.55% of the home's assessed value. For a $400,000 home, expect annual taxes around $2,200. Lenders will escrow this amount, so it directly increases your monthly mortgage payment beyond just principal and interest.
Are there specific lenders or credit unions in the Murrells Inlet area that offer advantages for local homebuyers?
Yes, using a local lender familiar with the Grand Strand market can be beneficial. Institutions like South Atlantic Bank, Conway National Bank, or local credit unions often have dedicated mortgage teams who understand the nuances of coastal property appraisals, flood certifications, and the local closing process. Their local underwriting can sometimes provide more flexibility and faster turnaround than large national banks.
Nearby Cities
Explore mortgage lenders in cities near Murrells Inlet, SC
Why Choose a Mortgage Lender in Murrells Inlet?
Local Market Knowledge
Lenders who understand Murrells Inlet'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 Murrells Inlet and get competitive rates on your home loan.