The Best Mortgage Lenders in Union, SC
Compare verified mortgage lenders serving Union, South Carolina. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union
Featured Mortgage Lenders
Union County Mortgage
Union County Mortgage
Union County Mortgage is a highly-rated local mortgage broker deeply embedded in the Union community. With over 15 years of dedicated service to Union County residents, they have built an exceptional reputation for personalized service and competitive rates. Their local expertise allows them to navigate the unique aspects of Union's real estate market efficiently. Customers consistently praise their responsiveness, transparency throughout the loan process, and ability to close loans quickly. As a local business, they understand the specific needs of Union homebuyers and maintain strong relationships with local real estate professionals.
Loan Types:
SC Federal Credit Union
South Carolina Federal Credit Union
South Carolina Federal Credit Union is a well-established regional financial institution that serves Union residents with exceptional mortgage services. With over eight decades of operation and multiple branches throughout the region, they offer competitive rates and personalized service. Their mortgage team specializes in helping first-time homebuyers and offers various special programs including low down payment options. Members consistently rate them highly for their member-focused approach, knowledgeable loan officers, and smooth closing processes. As a credit union, they prioritize member satisfaction over profits, resulting in better rates and terms for qualified borrowers.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Spartanburg
Fairway Independent Mortgage Corporation has a strong presence in the Upstate South Carolina region with their Spartanburg office actively serving Union homebuyers. This nationally recognized mortgage lender maintains exceptional customer satisfaction ratings and offers competitive rates across all loan types. Their experienced loan officers specialize in both purchase and refinance transactions, with particular expertise in VA and FHA loans popular in the Union area. Customers consistently praise their efficient processing, clear communication, and ability to handle complex loan scenarios. With over 25 years in business and numerous industry awards, they provide reliable mortgage services with the backing of a large national company while maintaining local market expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Union, SC
Are there any first-time homebuyer assistance programs specific to Union, SC?
Yes, the South Carolina State Housing Finance and Development Authority (SC Housing) offers statewide programs like Palmetto Home Advantage, which provides down payment assistance and competitive interest rates. Union County may also have local grants or initiatives, so it's best to consult with a local lender who is familiar with all available resources for the area.
How do property taxes in Union, SC, affect my monthly mortgage payment?
Union County has relatively moderate property tax rates compared to larger metropolitan areas in South Carolina. Your lender will estimate these taxes for your escrow account based on the assessed value of the home. It's wise to verify the exact tax bill with the Union County Auditor's office, as rates can vary slightly within the city limits versus the county.
What is the typical down payment required for a mortgage on a home in Union's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Union utilize conventional loans with 3-5% down or FHA loans with 3.5% down. Given the area's affordable home prices compared to the state average, saving for a down payment is often more achievable here, especially with the assistance programs available.
Are USDA loans a viable option for homes in Union, SC?
Absolutely. Union is located in a USDA-eligible rural area, making many homes in and around the city qualify for USDA loans, which offer 100% financing (no down payment). This is a popular and advantageous option for eligible buyers looking in Union County, as it significantly reduces the upfront cash needed to purchase a home.
How does Union's slower-paced real estate market influence the mortgage process?
The less competitive market compared to major cities often allows for more time during the closing process. This can be beneficial for securing mortgage approval and negotiating repairs after an inspection. However, it's still crucial to get pre-approved with a local lender to strengthen your offer when you find the right property.
Why Choose a Mortgage Lender in Union?
Local Market Knowledge
Lenders who understand Union'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 Union and get competitive rates on your home loan.