Columbia SC Mortgages 

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. 

Get Pre-Qualified for a Columbia SC Mortgage: 

• 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

• Many sellers require a pre-approval letter when considering an offer to purchase

• Call for more information 

Mortgages: Types of Home Loans

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.                                            

Getting approved for a loan is as simple as making a phone call (803) 238 - 8612. You will know the same day if you can buy a home and how much money you are approved to spend.