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Rains, SC

The Best Mortgage Lenders in Rains, SC

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

3
Top Lenders
4.7
Avg Rating
870+
Reviews
8
Loan Types

Available Loan Programs in Rains

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction Loans
Reverse Mortgages

Featured Mortgage Lenders

1

Mortgage Lending Team

Movement Mortgage

★★★★☆
4.7/5

Movement Mortgage is a highly-rated national lender headquartered in South Carolina, known for its efficient loan processing and exceptional customer service. With a strong local presence in the Florence area, they serve Rains and surrounding communities, offering competitive rates and a wide range of loan options. Their dedication to quick closings and personalized support has earned them numerous positive reviews and a reputation as a top choice for homebuyers in the region.

Experience:16 years
Reviews:350 customer reviews
201 W Evans St, Florence, SC 29501

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Home Lending Department

First Reliance Bank

★★★★☆
4.8/5

First Reliance Bank is a community-focused institution with deep roots in the Pee Dee region, including Marion County where Rains is located. They are praised for their personalized mortgage solutions, local decision-making, and competitive rates. With decades of experience, they provide reliable service and have built strong relationships within the community, making them a trusted lender for home purchases and refinancing in the area.

Experience:25 years
Reviews:120 customer reviews
100 S Dargan St, Florence, SC 29506

Loan Types:

ConventionalFHAVAUSDAConstruction LoansRefinance
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3

Mortgage Solutions Team

New American Funding

★★★★☆
4.6/5

New American Funding is a reputable national lender with a significant presence in South Carolina, serving the Rains area through their Columbia office. They are known for their diverse loan products, including options for first-time homebuyers and those seeking specialized mortgages. With high customer satisfaction ratings, they offer dedicated local support and have a track record of helping clients navigate the home financing process smoothly and efficiently.

Experience:21 years
Reviews:400 customer reviews
1014 Lady St, Columbia, SC 29201

Loan Types:

ConventionalFHAVAJumboReverse MortgagesRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Rains, SC

What are the current mortgage rates like in Rains, SC, and how do they compare to state averages?

Mortgage rates in Rains are generally aligned with South Carolina's statewide averages, which are often slightly below the national average due to a competitive lending environment. However, rates can vary based on the lender, your credit profile, and the specific property location within Lancaster County. It's advisable to get quotes from both local community banks and larger regional lenders to find the best rate for your situation.

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

Yes, homebuyers in Rains can access the South Carolina State Housing Finance and Development Authority (SC Housing) programs, which offer down payment assistance and favorable loan terms for eligible buyers. These statewide programs are available in Rains and Lancaster County, often providing assistance in the form of a second, forgivable loan to help with down payment and closing costs, particularly for first-time buyers.

How does the appraisal process work for a home in a small town like Rains, given the limited number of recent comparable sales?

Appraising property in Rains can be challenging due to its rural nature and fewer recent sales. Appraisers often need to look at comparable properties ("comps") from a broader geographic area within Lancaster County, sometimes including nearby towns like Lancaster or Kershaw. This process may require more time and justification for the appraised value, so it's important for buyers and sellers to be patient and provide any relevant property improvements or features to the appraiser.

What should I know about property taxes and insurance when calculating my monthly mortgage payment in Rains?

Lancaster County, which includes Rains, has relatively moderate property tax rates compared to more urban areas of South Carolina. Your lender will estimate these taxes for escrow. For insurance, due to Rains' rural setting, you'll typically need a standard homeowner's policy; flood insurance is generally not required unless the property is in a designated flood zone, but it's wise to verify this during the due diligence period.

Are USDA Rural Development loans a common and viable option for mortgages in Rains, SC?

Absolutely. Given Rains' classification as a rural area, many properties qualify for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is one of the most advantageous loan programs for buyers in Rains, as it directly supports homeownership in rural communities. Eligibility is based on income limits and the property meeting USDA location guidelines.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Rains, South Carolina

Searching for the "best mortgage lenders near me" is more than just comparing online rates. For homebuyers in Rains, South Carolina, it's about finding a financial partner who understands our unique, small-town market and can guide you through a process that might feel unfamiliar. Rains isn't a bustling city with endless options, which makes choosing the right local expert even more critical to your homebuying success.

The charm of Rains lies in its tight-knit community and more relaxed pace of life, and your mortgage search should reflect that. A major national online lender might offer a slick app, but they likely won't understand the nuances of properties in Marion County or the appraisal process for our specific home styles. The "best" lender for you will be one with proven experience closing loans in this area. They'll know how to properly value a home on a large, rural lot versus one in the few more developed neighborhoods, ensuring your appraisal goes smoothly.

So, where do you start? First, lean into local referrals. Ask your real estate agent, who works with buyers daily, which lenders they see providing reliable service and timely closings. Talk to friends, family, or colleagues who have recently purchased nearby. A lender with a strong local reputation in the Pee Dee region is invaluable. Don't hesitate to visit or call local bank branches in Rains, Marion, or even Florence. Community banks and credit unions, like First Citizens or local credit unions, often have a deep commitment to the area and may offer more personalized underwriting.

As a South Carolina homebuyer, you also have access to special programs that the best local lenders will help you navigate. The South Carolina State Housing Finance and Development Authority (SC Housing) offers first-time homebuyer programs with competitive interest rates, down payment assistance, and tax credits. A knowledgeable lender in our region will be an expert on these programs and can tell you if you qualify, potentially saving you thousands of dollars. They can also advise on USDA Rural Development loans, which are highly relevant for many properties in and around Rains, offering zero-down-payment options for eligible buyers in designated rural areas.

Your actionable plan is this: Create a shortlist of three lenders. Include one recommended local bank or credit union, one experienced mortgage broker who can shop multiple lenders, and one larger regional lender. Apply with all three within a short timeframe (typically 14-45 days) to minimize the impact on your credit score. Compare not just the interest rate, but also the closing cost estimates, the responsiveness of the loan officer, and their familiarity with Rains. Ask each one directly: "How many loans have you closed in Marion County in the last year?" and "What SC Housing or USDA programs might work for my situation?"

The best mortgage lender for your Rains home purchase will feel like a trusted advisor. They'll answer your calls, explain the steps in plain language, and ultimately help you secure the keys to your new home with confidence, right here in our community.

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Why Choose a Mortgage Lender in Rains?

Local Market Knowledge

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