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Conventional Mortgage Loans

Conventional Mortgage Loans can be used to purchase or refinance your home and there are several loan product options to chose from. The Mortgage Company of South Carolina is qualified to assist you in finding the best option for your particular financial situation. Below you will find a portion of the loan products available with a small description of their key aspects. For more information on these loan products or to get any questions answered contact us today.

 

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To discuss your Purchase or Refinancing options.

Call Tim Murphy at 843-471-1740

Mortgage Loan Originator NMLS# 1508452

Conventional Loans

  • For Purchase  or Refinancing of a Primary Residence, Second Home, or Investment Property

  • Fannie Mae Loans 

  • Freddie Mac Loans 

Affordable Lending Loans

  • Ideal for First Time Homebuyers

  • For Purchase of a Primary Residence

  • Fannie Mae HomeReady

  • Freddie Mac Home Possible

  • Freddie Mac Borrow Smart

  • Income limits May Apply

Jumbo Loans

  • Large Loan Amounts  

  • For Purchase of a Primary Residence, Second Home, or Investment Property

  • Refinance for Rate and Term Financing to Lower Interest Rate and Payment

Federal Housing Authority (FHA) Loans

  • For Purchase or Refinancing of a Primary Residence

  • Refinance for Rate and Term Financing to Lower Interest Rate and Monthly Payment

Self-Employed Loans

  • For Purchase of a Primary Residence, Second Home, or Investment Property

  • Program using Business Bank Statements for Income Calculations

  • Program using Cash and Investment Assets for Income Calculations

Housing Investor Loans

  • Program for Real Estate Investors

  • Qualify Based on Rental Income Cash Flow

Veterans Administration (VA) Loans

  • For Purchase or Refinancing of a Primary Residence

  • Full and Partial Entitlement Loans available

  • Refinance for Rate and Term Financing to Lower Interest Rate and Monthly Payment

Assets for Income Loans

  • For Purchase of a Primary Residence, Second Home, or Investment Property

  • No Employment Required

  • Program using Cash and Investment Assets for Income Calculations

  • Can be used to supplement employment income for Loan Qualifications

Divorce Lending 

  • Cash-out refinance providing funds for home equity buyout

  • Special purpose refinancing rates versus conventional cash-out refinancing

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