The Best Mortgage Lenders in Reevesville, SC
Compare verified mortgage lenders serving Reevesville, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Reevesville
Featured Mortgage Lenders
Casey Fleming
Movement Mortgage
Movement Mortgage is one of South Carolina's most prominent mortgage lenders with a strong statewide presence, consistently ranked among the top mortgage originators in the state. Founded in 2008, they specialize in fast, efficient mortgage processing with a focus on customer service. Their local loan officers have extensive knowledge of South Carolina's rural and suburban markets, including Dorchester County where Reevesville is located. They offer a comprehensive range of loan products with competitive rates and have built a reputation for reliable service and transparent communication throughout the mortgage process.
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Chris Smith
Lowcountry Mortgage
Lowcountry Mortgage has been serving the Charleston metropolitan area and surrounding regions for nearly 20 years, including Dorchester County communities like Reevesville. They are known for their personalized approach to mortgage lending and deep understanding of local market conditions. The company specializes in both purchase and refinance loans with particular expertise in USDA rural development loans, which are highly relevant for Reevesville homebuyers. Their team of experienced loan officers provides dedicated one-on-one service and maintains strong relationships with local real estate professionals throughout the Lowcountry region.
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Member Services
South Carolina Federal Credit Union
South Carolina Federal Credit Union is one of the state's largest and most trusted financial institutions with a strong presence throughout the Lowcountry region. While founded in 1953, their mortgage division has been serving members for decades with competitive rates and member-focused service. They offer a complete range of mortgage products and are particularly strong in first-time homebuyer programs and government-backed loans. As a credit union, they operate as a not-for-profit organization, often resulting in lower fees and more favorable terms for borrowers in communities like Reevesville. Their local branch network and digital capabilities make them accessible to rural homebuyers throughout Dorchester County.
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Frequently Asked Questions
Common questions about mortgage lending in Reevesville, SC
What are the typical down payment requirements for homes in Reevesville, SC?
For most conventional loans in Reevesville, you can expect a minimum down payment of 3-5%, though 20% is ideal to avoid private mortgage insurance (PMI). Given the area's more affordable home prices compared to larger South Carolina cities, local lenders often work with buyers to utilize USDA Rural Development loans, which require **0% down** for eligible properties and borrowers in this qualifying rural area.
Are there any first-time homebuyer programs specifically for Reevesville residents?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers first-time homebuyer programs with competitive interest rates and down payment assistance, which are accessible to Reevesville buyers. Additionally, Dorchester County may have local initiatives or grants; it's recommended to consult with a mortgage lender familiar with the county to explore all available options, including potential CDBG funds for income-eligible households.
How does the rural nature of Reevesville affect my mortgage options?
Reevesville's official rural designation opens up exclusive loan programs not available in urban areas. The most significant is the USDA Single Family Housing Guaranteed Loan Program, which offers 100% financing. This makes homeownership particularly accessible here, but it's crucial to ensure both the property and your income meet the specific USDA eligibility requirements for the area.
What should I know about property taxes and insurance when calculating my mortgage payment in Reevesville?
Property taxes in Dorchester County, where Reevesville is located, are relatively moderate, with a combined rate of approximately 0.5-0.6% of the home's assessed value. For insurance, due to the area's proximity to flood zones and the potential for hurricane-related wind damage, lenders will require separate flood insurance if the property is in a designated zone, which can significantly impact your total monthly payment.
Are mortgage rates in Reevesville different from the national or state average?
Mortgage rates are primarily set by national markets, so Reevesville rates align closely with state and national averages. However, your final rate will depend heavily on your personal credit profile and loan type. Working with a local lender who understands the nuances of financing in a rural market like Reevesville can help you secure the best possible terms and identify any locally-offered rate incentives.
Why Choose a Mortgage Lender in Reevesville?
Local Market Knowledge
Lenders who understand Reevesville'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 Reevesville and get competitive rates on your home loan.