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Murrells Inlet, SC

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.

3
Top Lenders
4.8
Avg Rating
950+
Reviews
8
Loan Types

Available Loan Programs in Murrells Inlet

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
HELOC

Featured Mortgage Lenders

1

The Mortgage Firm - Myrtle Beach

The Mortgage Firm

★★★★☆
4.9/5

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.

Experience:25 years
Reviews:350 customer reviews
4729 South Kings Hwy, Myrtle Beach, SC 29575

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

South State Bank Mortgage

South State Bank, N.A.

★★★★☆
4.7/5

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.

Experience:90+ years
Reviews:200 customer reviews
4013 Highway 17 Bypass, Murrells Inlet, SC 29576

Loan Types:

ConventionalFHAVAConstructionHELOCRefinance
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

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.

Experience:15 years
Reviews:400 customer reviews
4727 Jenn Drive, Myrtle Beach, SC 29577

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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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.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Murrells Inlet

Searching for "lenders near me" is one of the most crucial steps in your Murrells Inlet homebuying journey. It's about more than just proximity; it's about finding a financial partner who understands the unique rhythms of our local market. From the charming, established neighborhoods off the Grand Strand to the newer developments near the marsh, the right local lender can be your guide to securing not just a loan, but your piece of the Lowcountry.

In Murrells Inlet, the housing landscape is diverse. You might be eyeing a waterfront condo, a golf course villa, or a single-family home in a quiet community. A lender based in Horry County or the surrounding Grand Strand area brings invaluable insight. They're familiar with the specific appraisal challenges that can come with older homes, flood zone considerations (a critical factor in our coastal community), and the seasonal ebb and flow of our market. They can advise on how a property's proximity to the marsh or the ocean might affect financing, something an out-of-state online lender might not fully grasp.

Your search should start with a mix of local community banks, credit unions, and established mortgage brokers with deep South Carolina roots. Don't just compare interest rates; compare expertise. Ask potential lenders: "How many loans have you closed in Murrells Inlet or Garden City Beach in the last year?" and "What specific programs do you offer for South Carolina buyers?" This immediately separates those who know the area from those who simply process applications.

Speaking of programs, be sure to explore state-specific opportunities. The South Carolina State Housing Finance and Development Authority (SC Housing) offers fantastic first-time homebuyer programs with competitive interest rates, down payment assistance, and tax credits. A knowledgeable local lender is your gateway to these resources and can expertly navigate their requirements. They can also advise on the nuances of South Carolina closing costs and property taxes.

Here is your actionable plan: First, get pre-approved by at least two or three local lenders. This not only shows sellers you're serious but also gives you a clear budget for homes in the Murrells Inlet area. Second, prioritize lenders who are responsive and explain things clearly—you want a guide, not a gatekeeper. Finally, lean on your local real estate agent for referrals. They work with lenders every day and know who provides smooth closings and who understands the intricacies of our coastal contracts.

Ultimately, finding the right "lender near me" in Murrells Inlet is about building a local team. By choosing a financial partner entrenched in our community, you gain an advocate who can help you navigate from offer to closing, ensuring you can focus on what matters most: settling into your new home and enjoying the incredible lifestyle that Murrells Inlet offers.

Nearby Cities

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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.