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Newberry, SC

The Best Mortgage Lenders in Newberry, SC

Compare verified mortgage lenders serving Newberry, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
1250+
Reviews
8
Loan Types

Available Loan Programs in Newberry

Conventional
FHA
VA
USDA
Jumbo
Refinance
Home Equity
Affordable Loan Program

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.9/5

Movement Mortgage is one of the highest-rated mortgage lenders serving the Midlands region of South Carolina, including Newberry. Founded in 2008, they've built an exceptional reputation for fast closings and outstanding customer service. With their corporate headquarters in Charlotte and strong South Carolina presence, they specialize in all major loan types including VA and FHA loans. Their local Columbia team has extensive knowledge of the Newberry County market and offers competitive rates with a streamlined digital mortgage process. They consistently receive top ratings for their responsive communication and ability to close loans efficiently.

Experience:14 years
Reviews:450 customer reviews
121 Executive Center Drive, Suite 204, Columbia, SC 29210

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

State Farm Bank

State Farm Bank, F.S.B.

★★★★☆
4.8/5

State Farm Bank has been serving South Carolina homeowners since 1999 and maintains a strong local presence throughout the Midlands region. Their Columbia-area agents have deep knowledge of the Newberry market and provide personalized mortgage solutions. As a full-service financial institution, they offer competitive rates on conventional, FHA, and VA loans with the reliability of an established national brand. Customers consistently praise their professional service, transparent process, and the convenience of bundling insurance with mortgage services. Their long track record and A+ rating with the Better Business Bureau make them a trusted choice for Newberry homebuyers.

Experience:25 years
Reviews:380 customer reviews
1314 Bower Parkway, Columbia, SC 29212

Loan Types:

ConventionalFHAVAJumboRefinanceHome Equity
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3

Bank of America Mortgage

Bank of America, N.A.

★★★★☆
4.7/5

Bank of America has maintained a strong mortgage lending presence in South Carolina for decades, with multiple branches serving the Newberry area. Their Columbia financial centers provide comprehensive mortgage services with competitive rates and special programs for first-time homebuyers. They offer digital mortgage applications with in-person support, making the process convenient for Newberry residents. With extensive experience in South Carolina real estate markets, their loan officers understand local property values and community needs. Customers consistently rate them highly for their professional service, wide range of loan options, and reliable closing process backed by one of the nation's largest financial institutions.

Experience:25+ years
Reviews:420 customer reviews
1401 Main Street, Columbia, SC 29201

Loan Types:

ConventionalFHAVAJumboAffordable Loan ProgramRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Newberry, SC

Are there any down payment assistance programs specifically for homebuyers in Newberry, SC?

Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several statewide programs, like the Palmetto Home Advantage and SC Mortgage Tax Credit, which are accessible to Newberry buyers. These can provide down payment assistance, lower interest rates, and federal tax credits. Additionally, it's wise to check with local lenders who may have knowledge of any city or county-specific initiatives for first-time buyers in Newberry.

How does Newberry's more rural setting affect the mortgage appraisal process compared to larger cities?

In Newberry's rural and small-town market, finding comparable recent sales ("comps") for an appraisal can sometimes be challenging, especially for unique or rural properties. This can occasionally lead to appraisal gaps if the sale price exceeds the appraised value. Working with a local lender and real estate agent who understand the nuances of Newberry County's specific neighborhoods and property types is crucial to navigating this process smoothly.

What are typical property tax rates in Newberry, and how do they impact my monthly mortgage payment?

Property taxes in Newberry County are relatively moderate for South Carolina. The combined rate for county and municipal taxes typically falls around 0.6% to 0.7% of the home's assessed value. Your lender will estimate these taxes and include them in your monthly escrow payment, so it's an important factor in your overall affordability calculation for a home in the Newberry area.

Are USDA loans a common and viable option for mortgages in Newberry, SC?

Absolutely. Given that much of Newberry County is designated as rural by the USDA, many homebuyers outside the immediate downtown core may qualify for a USDA Section 502 Guaranteed Loan. This is a popular option as it requires no down payment and offers competitive interest rates, making homeownership more accessible for eligible buyers in the area's surrounding communities.

How competitive is the mortgage rate environment in Newberry, and should I use a local bank or a national lender?

Mortgage rates are generally set by national markets, so you'll find similar rates from both local and national institutions in Newberry. However, local banks and credit unions (like Newberry Federal Savings Bank or local credit unions) often have a deeper understanding of the area's property values and may offer more personalized service. For specialized programs like USDA or for navigating unique properties, a local lender's expertise can be particularly valuable.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent in Newberry, SC is Your Best First Step

Searching for "home loan agents near me" in Newberry is more than just finding a convenient office location. It's about partnering with a professional who understands the unique heartbeat of our local market, from the historic charm of downtown to the new developments on the outskirts. In a town like Newberry, where community connections matter, your choice of mortgage professional can make all the difference in your homebuying journey.

The Newberry housing market presents its own set of opportunities and considerations. You might be looking at a classic craftsman bungalow in the city limits, a spacious property on a few acres in the county, or a modern home in a growing subdivision. A local home loan agent doesn't just process paperwork; they understand how these different property types appraise in our area, what local inspectors look for, and how to navigate the specifics of Newberry County transactions. They have established relationships with local realtors, title companies, and appraisers, which can help streamline your process and prevent unexpected delays.

When you work with an agent based in South Carolina, you gain access to specialized knowledge of state and regional programs that can put homeownership within easier reach. A key program to ask about is the SC State Housing Finance and Development Authority (SC Housing) Palmetto Home Loan program. This offers competitive interest rates, down payment assistance, and tax credits specifically for eligible South Carolina homebuyers. A knowledgeable local agent can tell you if you qualify and how to leverage this program for a home in Newberry. They’ll also be well-versed in USDA Rural Development loans, which can be a perfect fit for many properties in and around Newberry County, offering zero-down-payment options for qualified buyers in designated areas.

Your actionable first step is to shift your search from a generic online query to a targeted local conversation. Instead of just looking at listings, ask for referrals from your Newberry realtor, friends, or colleagues who have recently purchased locally. When you speak with a potential agent, come prepared with specific local questions: "What are common closing cost estimates for homes in Newberry's historic district?" or "How does the appraisal process work for a farmette in Newberry County?" Their answers will reveal their depth of local experience.

Ultimately, your home loan agent in Newberry should feel like a trusted advisor. They should explain the nuances of your loan options in clear terms, be proactive about timelines, and understand your goal isn't just any house—it's a home right here in our community. Start your search locally, and you'll find more than an agent; you'll find a guide who knows the path to homeownership in Newberry, South Carolina.

Nearby Cities

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Why Choose a Mortgage Lender in Newberry?

Local Market Knowledge

Lenders who understand Newberry'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 Newberry and get competitive rates on your home loan.