Obtaining Financing and getting pre-approved is the most important part of buying Columbia SC real estate. Whether buying a single family home, condo or an investment property, it is crucial to get pre-approved. Obtaining financing is the first step in buying real estate. The two main factors lenders use to determine whether to loan you money are your ability and your willingness to repay the loan. The ability is measured by your income and assets while your willingness is measured by your credit history.
Informs the buyer of whether or not they qualify for a home loan
Educates the buyer about potential problems with credit or income
Identifies the target price range of homes to view
Informs the buyer of their approx. house payment
Educates a first time home buyer
Conventional Loan - Down payment requirements as lows as 5%. Mortgage insurance until 80% loan to value.
VA Loan - 100% financing for United States Veterans. No mortgage insurance.
USDA Loan - 100% financing for rural areas. Check income guidelines and property eligibility.
Condo loans - Columbia SC Condo financing can be tricky. Be sure to inquire as to available loan types when talking with your Realtor.
FHA Loan - 3.5% down payment required. Insured by the federal government. Mortgage insurance runs the term of the loan.
Stunning five bedroom, four and half bathroom home fully remodeled. Inground gunite pool with new tiles and hard cover. New appliances, new granite counter tops in kitc...
Listing courtesy of Century 21 Vanguard.
Investors Delight, 4 broom all brick home on large lock, 1.5 bath, Huge living, Large eat-in kitchen, Front Porch, Unbelievable cub appeal, New A/C unit, New water heater...
Listing courtesy of Carson & Associates.
Spacious 3 BR, 2.5 bath condo in Brickyard Village condominiums just 10 minutes from downtown Columbia. This condo features a wood burning fireplace, a patio and a porch....
Listing courtesy of Coldwell Banker Realty.