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One of the oldest mortgage brokers in Anderson, SC.
Nations Mortgage has been serving South Carolina for many years with integrity and hard work.
We are licensed in South Carolina and Georgia with more states to follow.
We use our skills to find the perfect lenders for the variety of buyers that come through our door.
Unlike your local bank that can only use in-house services, we shop through scores of lenders to make sure the right product and best rate matches what our buyers are looking for.
Nations Mortgage NMLS# 225422
NOW OFFERING 2-1 BUY DOWN ON CONVENTIONAL LOANS!
NOW OFFERING 2-1 BUY DOWN ON CONVENTIONAL LOANS!
What is it? This is an option for borrowers to reduce their interest rate and in turn the monthly payment for a limited period of time through an upfront lump sum fee.
Who can pay it? Only seller concessions can pay the upfront lump sum fee – seller paid temporary rate buydown.
How does it work? Borrowers must qualify off of the note rate
Year 1 - 2% lower than note rate
Year 2 - 1% lower than note rate
Year 3 - Full note rate
Not available on mobile homes.
TYPES OF LOANS
Conventional
A conventional loan is not back by the federal government and is the most common mortgage loan type. You can put as little as 3% down for eligible buyers and up to 20% to avoid mortgage insurance.
FHA
An FHA loan is a government back loan program through the Federal Housing Administration that usually requires lower minimum credit scores and down payment (3.5% down minimum) than a conventional loan.
USDA
A USDA home loan is backed by the US Department of Agriculture for low to middle income buyers. These loans are designated to help buyers purchase affordable homes in rural areas outlined by the USDA.
VA
VA helps active service men and women, veterans and eligible surviving spouses to buy their home without a down payment. These loans are partially guaranteed by the Dept of Veteran's Affairs and have lenient credit requirements.
PH. (864) 328 - 1770
PH. (864) 328 - 1770
FAX (864) 328 - 1788
Office Hours
Mon. 9 am - 5 pm
Tues. 9 am - 5 pm
Wed. 9 am - 5 pm
Thurs. 9 am - 5 pm
Fri. 9 am - 5 pm
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