The Best Mortgage Lenders in Scranton, SC
Compare verified mortgage lenders serving Scranton, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scranton
Featured Mortgage Lenders
First Reliance Bank
First Reliance Bank
First Reliance Bank is a highly-rated regional bank with strong presence throughout the Pee Dee region of South Carolina, including service to Scranton residents. They have built an exceptional reputation for personalized mortgage services with local decision-making. Their mortgage team provides competitive rates and specializes in various loan programs including first-time homebuyer programs. With multiple branches throughout the area and deep community roots, they offer the convenience of local service combined with comprehensive mortgage expertise. Their high customer satisfaction ratings reflect their commitment to making the home financing process smooth and transparent.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized mortgage lender with strong service throughout South Carolina, including the Scranton area. Founded by former NFL player Casey Crawford, the company has grown to become one of the top mortgage lenders in the Southeast. They are particularly known for their innovative "Upfront Underwriting" process that can significantly speed up loan approvals. Movement has received numerous industry awards and maintains excellent customer satisfaction ratings. Their local loan officers understand the South Carolina market and provide personalized service with the backing of a major lender's resources and competitive rates.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage has a strong local presence in the Florence area with dedicated loan officers serving Scranton and surrounding communities. With over six decades of experience, Guild brings exceptional expertise to the mortgage process. They are particularly recognized for their wide range of loan products and excellent customer service. Guild's local team understands the specific needs of South Carolina homebuyers and offers personalized guidance throughout the entire mortgage process. Their high ratings reflect consistent customer satisfaction and their ability to handle complex financing situations with professionalism and expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Scranton, SC
What are the current average mortgage rates for homebuyers in Scranton, SC, and how do they compare to state or national averages?
Mortgage rates in Scranton, SC, typically align closely with South Carolina's state averages, which are often slightly below the national average due to the state's competitive lending market and lower cost of living. As of recent trends, you can expect conventional 30-year fixed rates to be competitive, but it's crucial to shop local lenders and credit unions like Founders Federal Credit Union, which has a strong presence in the region, for the best personalized quotes.
Are there any down payment assistance or first-time homebuyer programs specifically available for Scranton residents?
Yes, Scranton homebuyers can access statewide programs like the SC State Housing Finance and Development Authority's (SC Housing) Palmetto Home Advantage program, which offers down payment assistance and competitive interest rates. Additionally, Lancaster County, where Scranton is located, may have local initiatives or grants; checking with the Lancaster County Government or a HUD-approved housing counselor is recommended to explore all local options.
How does the appraisal process work in Scranton, given its rural setting and mix of older and newer homes?
In Scranton's rural market, appraisals require appraisers familiar with the area's unique property types, including older homes, agricultural land, and newer subdivisions. They will use comparable sales ("comps") from nearby areas like Lancaster, Heath Springs, or even parts of Chesterfield County, which can sometimes lead to valuation challenges. Working with a local lender who uses appraisers experienced in the Lancaster County market is key to a smooth process.
What types of property taxes and insurance considerations should I factor into my mortgage payment in Scranton?
Lancaster County property taxes are relatively moderate, with Scranton residents paying county and school district rates. Your annual escrow payment will include these taxes plus homeowner's insurance, which may be slightly higher if your property is in a more rural area due to fire protection service distances. It's wise to get insurance quotes early, as flood insurance could also be a consideration for properties near creeks or low-lying areas in the region.
Are USDA Rural Development loans a viable option for buying a home in Scranton, SC?
Absolutely. Scranton's designation as a rural area makes most of the town and surrounding countryside eligible for USDA loans, which offer 100% financing with no down payment. This is a highly attractive program for eligible buyers in Scranton, given the area's income limits and property types. A local mortgage lender can help confirm specific property eligibility and guide you through the USDA application process.
Why Choose a Mortgage Lender in Scranton?
Local Market Knowledge
Lenders who understand Scranton'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 Scranton and get competitive rates on your home loan.