Loan Programs

What is needed to apply

Photo identification, W2s for past two years, pay stubs for the previous 30 days, bank statements for last two months

Conventional Loans

Conventional Loans

  • Competitive interest rates across all of our lenders
  • Purchase a home with as little at 5% down
  • Residential investment properties with 20% down
  • Refinance to shorten term and/or improve your rate
  • Cash-out refinances to pay off debt or finance home improvements

<a href="http://eligibility.sc.egov.usda.gov/" target="_blank">USDA Rural Housing</a>

  • Move in with no cash out of pocketn
  • Seller can pay all or part of closing costs
  • Home must be located in rural area and income limits apply
  • Visit http://eligibility.sc.egov.usda.gov/ to check income limits per county as well as specific home eligibility

Veteran Loans

Veteran Loans

  • No down payment or mortgage insurance in required
  • Closing costs may be paid by seller
  • Great refinancing benefits too!
  • Interest rates are typically 0.5% less than conventional programs

FHA: Federal Housing Administration insured loans

FHA: Federal Housing Administration insured loans

  • Only 3.5% down payment is required
  • 1-4 unit homes are accepted
  • No income limits to be approved
  • Relative can co-borrow if needed

FHA 203K Purchase/ Remodeling Loans

FHA 203K Purchase/ Remodeling Loans

This program is designed for purchasing a home at a low cost, or refinancing to get extra money for remodeling by borrowing up to 96.5% of the expected finished value.

  • The maximum $35,000 renovation budget can be used for updating kitchen, bathrooms, siding, roofing, appliances, and more

Conventional Renovation Loan

Conventional Renovation Loan

The sky is the limit- anything that adds value to the home is acceptable in this program.

  • Build a garage
  • Remodel rooms,
  • Landscaping and exterior living space
  • Or any other upgrade that adds value to the property
  • Must use a licensed general contractor, no self-help allowed

Mobile Home Loans

Mobile Home Loans

  • Conventional, Veteran Affairs, and Federal Housing Administration offer loan programs.
  • Home cannot be in a park or condominium project
  • Home must have been build after July 1976
  • Talk to one of our originators about the options available.