The Best Mortgage Lenders in Summerville, SC
Compare verified mortgage lenders serving Summerville, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Summerville
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender headquartered in Fort Mill, SC, with a strong presence across South Carolina, including Summerville. Known for its innovative technology and streamlined process, it offers competitive rates and exceptional customer service. With an A+ BBB rating and high customer satisfaction scores, Movement specializes in quick closings and personalized service, making it a preferred choice for homebuyers in the Charleston area. Their extensive loan options and local expertise ensure tailored solutions for first-time buyers and investors alike.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group has been serving the Summerville and greater Charleston area for decades, earning a reputation for reliability and competitive pricing. With a focus on community involvement and personalized service, they offer a wide range of loan products and have consistently high ratings for customer satisfaction. Their experienced loan officers provide guidance through every step of the mortgage process, backed by strong industry partnerships and a commitment to transparent, hassle-free lending.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized lender with a robust local presence in the Summerville area, known for its competitive rates and exceptional customer service. They have received numerous awards for their efficient processing and support, including high ratings for borrower satisfaction. Fairway's team of dedicated professionals offers tailored mortgage solutions, emphasizing education and support throughout the homebuying journey, making them a trusted option for residents in the Lowcountry region.
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Frequently Asked Questions
Common questions about mortgage lending in Summerville, SC
Are there any special mortgage programs for first-time homebuyers in Summerville, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs, including the Palmetto Home Advantage and Mortgage Credit Certificate (MCC), which are widely used in Summerville. These programs can provide down payment assistance, competitive fixed-rate loans, and a federal tax credit to make homeownership more affordable for qualifying buyers in Dorchester County.
How does Summerville's growth impact mortgage lending and home affordability?
Summerville's rapid population growth and development have led to a competitive housing market, often requiring strong offers. This environment makes securing a solid mortgage pre-approval from a local lender especially critical, as sellers favor buyers who can demonstrate proven financing. While home prices have risen, they generally remain more affordable than in Charleston proper, attracting buyers with a range of mortgage options.
What should I know about flood insurance and mortgages in Summerville?
Given Summerville's location in the Lowcountry, many properties, especially those near the Ashley River or in certain flood zones, may require flood insurance as a condition of the mortgage. Your lender will order a Flood Zone Determination, and if required, this insurance must be in place before closing. It's a crucial and recurring cost to factor into your overall housing budget.
Are USDA rural development loans available for homes in Summerville, SC?
Yes, surprisingly, parts of Summerville and much of the surrounding Dorchester County are still eligible for USDA loans, which offer 100% financing with no down payment. This is a fantastic option for eligible buyers looking in the less densely populated areas on the outskirts of town, making new construction and existing homes more accessible.
How do property taxes in Dorchester County affect my monthly mortgage payment?
Dorchester County property taxes are typically escrowed into your monthly mortgage payment. While rates are generally favorable compared to national averages, the recent increase in home values means tax assessments are rising. It's wise to ask your lender for an estimate of the annual taxes on a specific property to accurately calculate your total PITI (Principal, Interest, Taxes, and Insurance) payment.
Nearby Cities
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Why Choose a Mortgage Lender in Summerville?
Local Market Knowledge
Lenders who understand Summerville'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 Summerville and get competitive rates on your home loan.