The Best Mortgage Lenders in Salters, SC
Compare verified mortgage lenders serving Salters, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Salters
Featured Mortgage Lenders
Coastal States Mortgage
Coastal States Mortgage
Coastal States Mortgage is a highly-rated regional lender serving the entire South Carolina coastal region, including Georgetown County where Salters is located. With over two decades of experience, they specialize in both purchase and refinance mortgages with competitive rates. Their team has deep knowledge of rural and coastal property financing, including USDA loans that are particularly relevant for the Salters area. They're known for personalized service and local underwriting decisions.
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First Reliance Mortgage
First Reliance Mortgage
First Reliance Mortgage has built an exceptional reputation across South Carolina's Pee Dee region, serving communities like Salters with dedicated local expertise. They offer specialized first-time homebuyer programs and have extensive experience with rural development loans perfect for the Salters market. Their high customer satisfaction ratings reflect their commitment to transparent pricing and streamlined processes. As a division of First Reliance Bank, they combine local decision-making with strong financial backing.
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South State Mortgage
South State Bank Mortgage
South State Mortgage, through South State Bank, has the deepest local presence in the Salters area with a physical branch in nearby Georgetown. With nearly a century of serving South Carolina communities, they offer comprehensive mortgage solutions including specialized rural lending programs. Their local loan officers understand the unique aspects of Georgetown County real estate and provide competitive rates with the stability of a well-established regional bank. They're particularly strong in construction and renovation lending for the area's property types.
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Frequently Asked Questions
Common questions about mortgage lending in Salters, SC
What are the typical down payment requirements for homes in Salters, SC, given its rural market?
In Salters' more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans are popular with just 3.5% down. For properties on larger lots or with acreage, which are common here, lenders may have slightly stricter requirements to account for the unique property values. It's advisable to work with a lender familiar with Williamsburg County's real estate.
Are there any South Carolina or local first-time homebuyer programs accessible to Salters residents?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including down payment assistance and competitive interest rate loans, which are available statewide to eligible buyers in Salters. Additionally, some local lenders and community banks may offer special programs or grants for buyers in rural communities like Salters, so it pays to shop around locally.
How does the appraisal process work for a manufactured or modular home in Salters, which are common housing types in the area?
Appraising manufactured homes in Salters requires an appraiser with specific expertise, as they must assess the home's condition, permanent foundation, and title status (whether it's classified as real property). Lenders will typically require the home to be permanently affixed to land you own. Using a local lender experienced with these property types is crucial for a smooth process.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Salters?
Williamsburg County property taxes are relatively low compared to urban areas in SC, which helps with affordability. However, due to Salters' rural location and reliance on volunteer fire departments, homeowners insurance premiums can be higher than average, especially if the home is far from a fire hydrant. Your lender will help you escrow for both, but it's important to get insurance quotes early.
Are USDA Rural Development loans a viable option for mortgages in Salters, SC?
Absolutely. Salters is located in a USDA-eligible rural area, making the USDA Single Family Housing Guaranteed Loan Program a fantastic zero-down-payment option for low-to-moderate income buyers. This program is particularly well-suited for the area, as it helps promote homeownership in qualified rural communities like Salters. Income limits and property eligibility apply.
Why Choose a Mortgage Lender in Salters?
Local Market Knowledge
Lenders who understand Salters'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 Salters and get competitive rates on your home loan.