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Union, SC

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.

3
Top Lenders
4.7
Avg Rating
828+
Reviews
9
Loan Types

Available Loan Programs in Union

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
ARM

Featured Mortgage Lenders

1

Union County Mortgage

Union County Mortgage

★★★★☆
4.8/5

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.

Experience:15 years
Reviews:89 customer reviews
112 East Main Street, Union, SC 29379

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

SC Federal Credit Union

South Carolina Federal Credit Union

★★★★☆
4.6/5

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.

Experience:85 years
Reviews:327 customer reviews
Multiple locations including 1419 Broad Street, Sumter, SC 29150

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstructionRefinance
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation - Spartanburg

★★★★☆
4.7/5

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.

Experience:25 years
Reviews:412 customer reviews
945 East Main Street, Spartanburg, SC 29302

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceConstruction
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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.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent in Union, SC is Your Best First Step

If you’re starting the exciting journey to buy a home in Union, you might be searching online for “home loan agents near me.” That’s a smart move, because in a close-knit community and a unique housing market like ours, having a local expert in your corner isn’t just convenient—it’s a strategic advantage. A home loan agent based right here in Union County understands the nuances that an out-of-town lender might miss, from the value of a historic home on Main Street to the appeal of a property near the Tyger River.

The Union, SC market presents specific opportunities and challenges. We have a range of affordable, charming homes, from historic properties to newer developments, often at price points that can be very attractive compared to larger cities. However, accurately appraising these homes and navigating the process requires local knowledge. A local agent knows which neighborhoods are seeing growth, how the local economy impacts property values, and what specific features Union buyers are looking for. They can guide you on what’s a fair offer and help ensure the appraisal process goes smoothly by working with appraisers familiar with our area.

On a practical level, building a relationship with a local agent means face-to-face meetings. You can sit down with someone at their office on Duncan Bypass or meet for coffee downtown to go over your paperwork. They’re accessible and accountable to the community. When questions arise about a property on Pinckney Street or the timeline for closing, you have a direct line to someone who is invested in your successful purchase here in Union.

For actionable advice, start by asking potential agents about their experience with South Carolina-specific programs. A great local agent will be well-versed in options like the SC State Housing Finance and Development Authority’s (SC Housing) Palmetto Home Advantage program. This program offers competitive interest rates, down payment assistance, and is especially beneficial for first-time homebuyers, teachers, and healthcare workers—key parts of our Union community. They can also advise on USDA Rural Development loans, which are highly relevant for many properties in and around Union County, offering zero-down-payment options for eligible buyers and homes.

Your first call shouldn’t be to a listing agent; it should be to a local home loan agent. Get pre-approved by someone who knows Union. This not only clarifies your budget for homes in our market but also makes your offer stronger when you find the right one. Ask them not just about rates, but about their experience with local sellers, attorneys, and home inspectors. The right agent will be a connector, helping your entire homebuying process feel less like a transaction and more like a welcome home to Union.

Nearby Cities

Explore mortgage lenders in cities near Union, SC

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.