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.
Definitely a Must See home on 2 acres. More bedrooms than you can count! Living room with fireplace. Oversized laundry/sewing room. In-ground pool. Deck. Patio area. Deta...
Listing courtesy of Re/Max Advantage Group.
Recently renovated three story home located in award winning school district Lexington Richland 5. Located in Coatesworth at end of a cul-de-sac. Low yard maintenance nee...
Listing courtesy of Century 21 Vanguard.
This Charleston Single style home in the established Walden neighborhood features 3 bedrooms, 2 1/2 bathrooms, fenced in backyard, attached garage, back deck and front po...
Listing courtesy of Keller Williams Palmetto.