Mortgage Loans in South Carolina
Find the Right Mortgage for Your South Carolina Home
The Southern Bank provides home financing for buyers and homeowners throughout South Carolina. Whether you’re purchasing a home or refinancing, our mortgage team is here to help you understand your options and explore financing that fits your situation.
Compare Our South Carolina Mortgage Loan Options
The Southern Bank offers conventional conforming, FHA, VA, USDA, jumbo, and portfolio mortgage options, subject to program availability and borrower/property eligibility.
Conventional Conforming Loans
Fannie Mae and Freddie Mac loans for eligible purchases and refinances within applicable conforming loan limits.
- Purpose: Purchase or refinance
- Occupancy: Primary residence up to 97% loan-to-value (LTV); second home up to 90% LTV; investment property up to 85% LTV
- Property types: Single-family, duplex, townhome, condominium, or manufactured home
- May be a fit for: Eligible borrowers financing a primary residence, second home, or investment property within conforming loan limits
FHA Loans
Government-insured mortgages backed by the Federal Housing Administration (FHA).
- Purpose: Purchase or refinance
- Occupancy: Primary residence only, up to 96.5% LTV
- Loan amount: Limits vary by location
- Property types: Single-family, duplex, townhome, or condominium; manufactured homes are not eligible
- May be a fit for: Eligible borrowers seeking a lower down payment option who meet FHA guidelines
VA Loans
Mortgages backed by the U.S. Department of Veterans Affairs (VA) for eligible veterans, service members, and other qualifying borrowers.
- Purpose: Purchase or refinance
- Occupancy: Primary residence only, up to 100% LTV
- Property types: Single-family, duplex, townhome, or condominium; manufactured homes are not eligible under The Southern Bank’s VA loan offering.
- May be a fit for: Eligible borrowers seeking primary-residence financing with up to 100% LTV
USDA Loans
Government-backed mortgages through the U.S. Department of Agriculture (USDA) for eligible borrowers purchasing homes in approved areas.
- Purpose: Purchase only; property must be in an approved USDA lending area
- Occupancy: Primary residence only, up to 100% LTV; income limits apply
- Property type: Single-family home
- May be a fit for: Eligible buyers purchasing a primary residence in a qualifying area
JUMBO Loans
Mortgages for loan amounts that exceed applicable Fannie Mae and Freddie Mac conforming loan limits.
- Purpose: Purchase or refinance
- Occupancy: Primary residence or secondary home
- Property types: Single-family home, townhome, or condominium
- May be a fit for: Borrowers financing higher-priced homes that require loan amounts above conforming limits
Portfolio Loans*
Non-agency mortgage options that offer financing for a broader range of property and borrowing needs.
- Purpose: Purchase, refinance, or construction
- Occupancy: Primary residence or second home
- Property types: Single-family, 1–4 units, or land
- May be a fit for: Borrowers whose financing needs may not fit standard agency loan guidelines
*Not available in all regions
Which Mortgage Loan Is Right for You?
The right mortgage loan depends on what you’re financing, how you’ll use the property, how much you need to borrow, and your financial qualifications. As you compare home loans in South Carolina, consider these factors:
- What are you financing? Start with whether you’re purchasing a home, refinancing an existing mortgage, or financing construction.
- How will you use the property? Some mortgage programs are limited to primary residences, while others also allow second homes or investment properties.
- How much do you need to borrow? Your loan amount can determine whether conventional conforming or jumbo financing applies.
- How much can you put down? Mortgage programs have different down payment and LTV requirements.
- Do you meet program-specific requirements? Military eligibility, property location, and household income are among the factors that determine eligibility for certain programs.
- What financial factors may affect your eligibility? Income, debts, credit history, and other financial factors are considered when determining mortgage eligibility.
Not sure which mortgage loan fits your needs? Talk with a member of The Southern Bank’s mortgage team to discuss your options.
Why Choose a Local Mortgage Lender in South Carolina?
When choosing a mortgage lender in South Carolina, compare loan options, rates, APR, fees, application convenience, communication, accessibility, and the support available throughout the mortgage process.
Local Service and Mortgage Guidance
The Southern Bank has local mortgage representatives at four statewide locations in Greenville, Spartanburg, Aiken, and Myrtle Beach. Our mortgage team is here to discuss your financing needs, answer questions, and guide you through the application process.
Multiple Mortgage Options
Choose from conventional conforming, government-backed, jumbo, and portfolio financing through one local lender.
Online Application Convenience
Our online mortgage application lets you submit your information and documents digitally.
How to Apply for a Mortgage Loan in South Carolina
Apply for your mortgage online while maintaining access to The Southern Bank’s mortgage team as your loan moves forward.
1. Start Your Mortgage Application
Begin online by providing basic information about yourself and the loan you’re seeking.
2. Provide Financial and Property Information
Be prepared to provide information about your employment and income, assets, debts, and the property or transaction, as applicable. Additional information or documentation may be requested as your application is reviewed.
3. Review Available Mortgage Options
Our mortgage team will review your information against applicable program requirements and discuss available mortgage options with you.
4. Continue Through Processing and Closing
If your application moves forward, the remaining process may include verification, an appraisal and title work, underwriting, and closing, depending on your loan and property.
Apply Online With Zenly
The Southern Bank uses Calyx’s Zenly platform so you can apply for a mortgage and manage loan-related information online.
- Upload documents: Submit required mortgage documents through the platform.
- Stay organized: Manage loan-related information and communications in one place.
- Continue through closing: Manage communications and transactions through closing and post-closing, as applicable.
Southern Bank’s Mortgage Representatives
Ready to start the lending process? Our mortgage representatives are here to help:
Mortgage Resources for South Carolina Homebuyers
Explore resources to prepare for a home purchase, understand mortgage costs, and make informed financing decisions.
- 9 Tips for First-Time Homebuyers Seeking a Mortgage Loan: Learn what to consider as you prepare to apply for your first mortgage.
- Understanding the 4 Components of Your Mortgage Payment: See how principal, interest, taxes, and insurance contribute to your monthly mortgage payment.
- A Guide to Understanding Loan Rates: What Is APR? Learn what APR means and how it reflects the cost of borrowing.
- Move-In Ready or Fixer-Upper?: Compare factors to consider when deciding which type of home fits your plans and budget.
Digital Tools To Make Your Accounts More Accessible
We want your banking relationship with us to be as easy and convenient as possible. Our digital tools allow you to bank when you want, from where you want.
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