Mortgage lender in Greenville, South Carolina with Mortgage Rates Today

Greenville SC mortgage lender, VA loan, USDA loan, FHA loan Refinance loan, Jumbo loan

Are you looking for a mortgage lender in Greenville South Carolina?  At Mortgage Rates Today we pride ourselves on putting the client first with our goal of providing the “best mortgage experience in the industry”. We are hyper- focused on educating our clients so they understand their best mortgage option, providing clear communication and accessibility, while simplifying the process.

Our Management Team has over 80 years of combined mortgage experience and have put that experience to intently focus on providing a better mortgage process. It is our mission “to create lifelong, raving fans by treating our clients like family.”

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Is it worth getting a Greenville Mortgage Lenders?

A mortgage broker in Greenville SC can help with people who normally have more challenging scenarios and lower credit scores.  However, working with a lender who has significant experience with challenging scenarios and has flexible guidelines, that lender can obtain an approval with the same frequency as a broker.   Most people don’t understand that a lender can be just as flexible and sometimes more flexible than a broker.  Make sure you do the due diligence required to see if a broker is the best option.

Greenville SC mortgage brokers may have better access

Some mortgage lenders only work with mortgage brokers, relying on them to be the gatekeepers who bring them qualified consumers. You might not be able to secure a retail mortgage by calling some lenders directly. Due to the volume of business generated, brokers may be able to obtain special rates from lenders that are cheaper than what you can acquire on your own near Greenville.

The mortgage broker’s task will be determined by the breadth of his or her services and obligations.

Normally, the following tasks are completed:

  • Examination of the borrower’s circumstances (interview with mortgage fact discover forms) – this may involve a review of the borrower’s credit history (usually obtained through a credit report) and affordability (verified by income documentation).
  • Examining the market for a mortgage package that meets the client’s requirements (presentation/recommendations on mortgages).
  • Requesting a letter of intent from a lender (pre-approval).
  • Assembling all necessary documents (pay stubs/slips, bank statements, and so forth)
  • Filling out a lender application form that includes legal disclosures.
  • Sending all documentation to the lender and keeping their responsibility by saving their clients as much money as feasible, by providing the best recommendations for their situation.
 

The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, also known as Fannie Mae and Freddie Mac, are the two largest secondary markets in terms of mortgage volume. All loans including Conventional or rural USDA loans must follow the requirements on their jointly developed standard application form in order to be sold to larger loan services or investors. To refill warehouse funds, these larger investors may sell them to Fannie Mae or Freddie Mac. The purpose is to package loan portfolios in a secondary market-compliant manner, in order to keep the capacity to sell loans for capital. If interest rates fall and the portfolio’s average interest rate rises, the Banker can sell the loans for a higher profit depending on the difference between the current market rate and the portfolio’s average interest rate. Until such a gain is achievable, several large lenders will keep their loans.

Mortgage Lender near Greenville SC

About Greenville South Carolina

Greenville is a city in Greenville County, South Carolina, and the county seat. It is the state’s sixth-largest city, with a population of 70,720 as of the 2020 Census. Along Interstate 85, Greenville lies roughly midway between Atlanta, Georgia and Charlotte, North Carolina. Interstates 185 and 385 are also part of its metropolitan region. According to the United States Census Bureau, Greenville grew at the fourth fastest rate in the country between 2015 and 2016.

Greenville is the capital of South Carolina’s Upstate area. The city is home to a number of big corporations, including Michelin, Prisma Health, Bon Secours, and Duke Energy. Greenville County Schools, South Carolina’s largest school district, is another large employer. Greenville has garnered numerous plaudits and prizes as a result of its remarkable growth over the last two decades.

Greenville is nestled in the foothills of the Blue Ridge Mountains, a physiographic province of the greater Appalachian Mountains range, and is home to a number of tiny hills. Sassafras Mountain, South Carolina’s highest point, is located in northern Pickens County, about 40 miles (64 kilometres) northwest near Greenville. Many of the area’s television and radio towers are located on Paris Mountain, the area’s second most prominent peak, located 8 miles (13 kilometres) north near Greenville. Greenville has a total area of 28.8 square miles (74.6 km2), of which 28.7 square miles (74.3 km2) is land and 0.2 square miles (0.4 km2), or 0.51 percent, is water, according to the United States Census Bureau. The Reedy River, a tributary of the Saluda, flows through the city’s heart.

Greenville SC VA loans

A VA loan is a mortgage loan made possible by the United States Department of Veterans Affairs (VA) – previously the Veterans Administration. Veterans, service members, and their surviving spouses can use VA loans to buy homes, with little or no down payment, no private mortgage insurance, and a reasonable interest rate. Most mortgage brokers and lending institutions, such as banks and mortgage companies, offer VA home loans near Greenville SC. The VA guarantees a portion of the loan, allowing the lender to offer you better terms.

Greenville South Carolina USDA loans

A USDA loan must be used to purchase a property in a designated rural area. For many, this means foregoing the hustle and bustle of city life in order to relax in more rural settings and be surrounded by the natural beauty of rural America. If you don’t want to go that route, the USDA’s broad definition of “rural” includes various suburban locations in or near major cities. Contrary to popular assumption, you don’t have to work in the agricultural field to get a USDA loan near Greenville SC. Eligibility is generally determined by your household size, geography, and income. However, because down payments on USDA loans are typically lower than those on regular mortgages, borrowers must normally pay an upfront mortgage insurance fee of 1% of the loan amount and a monthly fee of .35%

Greenville Refinance Loan

The most common reason for refinancing is to take advantage of lower interest rates. Because interest rates fluctuate, many people opt to refinance when rates fall. Interest rates for consumers and businesses can rise or fall as a result of national monetary policy, the economic cycle, and market competition. Interest rates on all sorts of credit instruments, including non-revolving loans and revolving credit cards, can be influenced by these factors. In a rising-rate environment, Borrowers with variable-interest-rate products pay more in interest; in a falling-rate environment, the opposite is true.

Jumbo loan in Greenville SC

A jumbo loan, often known as a jumbo mortgage, is a form of loan that exceeds the Federal Housing Finance Agency’s lending limits (FHFA). A jumbo loan, unlike a standard mortgage, cannot be acquired, guaranteed, or securitized by Fannie Mae or Freddie Mac. Jumbo mortgages  for Greenville  SC are designed to fund luxury houses and homes in extremely competitive local real estate markets. They have special underwriting criteria and tax implications. As the housing market recovers from the Great Recession, these types of mortgages are becoming more popular.

Conventional loans in Greenville South Carolina

The most common type of mortgage not backed by the government is a conventional loan. This type of loan meets the standards to be offered to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), two government-sponsored enterprises. In most cases, conventional mortgages near Greenville SC have a fixed rate of interest, which means that the interest rate does not fluctuate over the life of the loan. Because conventional mortgages or loans are not backed by the federal government, banks and creditors often have higher lending standards.

When shopping for a mortgage broker in the local area near Greenville SC contact the Mortgage Rates Today experts, call and we will be in touch as soon as possible, call now at (877)-879-7775

Augusta Road

Botany Woods

Carilion

Chanticleer

Claremont

Downtown

Five Forks

Half Mile Lake

Hunters Ridge

Montebello

North Main

Pebble Creek

The Brio

The Elements

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Greenville VA loan

Greenville USDA loan

Greenville FHA loan

Greenville Jumbo loan

 

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