South Carolina Home Loans | Mortgages

Home, Sweet Loan

When you’re in the market to buy a home, refinance, purchase property, or want to consider a Home Equity Line of Credit, we’re here to help you make it happen! Make SPC your home for all things mortgage to make your next property purchase the best one yet!

Real Estate Loans & Home Equity Services

SPC Credit Union offers a variety of home mortgage loans to help you purchase or refinance your home (or the property that you plan to build on!) Personalize your payment plan with options for fixed or adjustable rates. We look forward to working with you to make your dream home a reality!

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Purchase/Refinance Options

Buy or refinance your home with SPC. We’ll help you navigate the home-buying process step-by-step, from establishing your financial snapshot to sealing the deal with a smooth closing. We offer fixed or adjustable rates with terms up to 30 years. Visit us today, or give us a call to get started!
Second Mortgage (Closed-End)

If you need to free up some cash and want to liquify your home equity, you may consider taking out a second mortgage. SPC offers fixed rates with terms up to 20 years for second mortgages. Visit us today or give us a call to learn more about taking out a second mortgage.
Lot Loans

If you can’t buy it…build it! Lot loans may be for you if you’re interested in purchasing a piece of property that just might house your future home (or whatever else you can dream up!) SPC offers adjustable rates with terms up to 15 years for lot loans. Visit us today or give us a call to learn more about lot loans.
Construction Loans

Construction loans are a kind of “specialty financing” that cover only the costs associated with building a custom home. Once construction wraps up, you’ll need to apply for a traditional mortgage loan to pay for the home itself. SPC offers fixed interest rates with 18-month maximum terms with interest-only payments during construction period. Visit us today or give us a call to learn more about construction loans.
Home Equity Lines of Credit

A Home Equity Line of Credit (HELOC) is a pre-approved credit line secured by a mortgage on your home. The amount of equity available to you is determined by the appraised value of your home minus the first mortgage and any junior liens (or second mortgages). SPC’s HELOCs feature adjustable rates, a 10-year draw period followed by a 10-year repayment period, and convenient access to funds. HELOCs are available for primary residences only. Visit us today or give us a call to learn more about how you can use your home’s equity as easy access to credit with a Home Equity Line of Credit.
Mortgage Insurance

Mortgage insurance can help make your path to homeownership possible by lowering the costs of your down payment and speeding up the closing process. Plus, mortgage insurance is easily cancellable and potentially tax deductible.

*Homeowners should consult their tax advisors to determine if they’re eligible to claim a mortgage insurance deduction.
S.A.F.E. Act Disclosure Notice
The Nationwide Mortgage Licensing System and Registry offers NMLS Consumer AccessSM, which is a free service for consumers to confirm that the bank or mortgage company and the mortgage professional with whom they wish to conduct business are registered with the federal system or licensed, if required, in the state in which they conduct business.

To access this service, please go to www.nmlsconsumeraccess.org, or click on the NMLS numbers to be taken directly to our mortgage loan officer's registration information.

VA, FHA, & USDA Loans

SPC is thrilled to be able to offer Veterans Affairs (VA), Federal Housing Authority (FHA), & United States Department of Agriculture (USDA) Loans to our members. Take a look at each of these options below to see if you qualify and if any are the right fit for you.

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VA

Veterans Affairs (VA) Loans are available to help veterans, service members, and surviving spouses become homeowners without the hefty burden of a traditional down payment. Benefits of VA Loans include backing from the Department of Veterans Affairs, competitively low interest rates, limited closing costs, and no need for private Mortgage Insurance. Contact us today to learn more about VA Loans and find out if you’re eligible!
FHA

Federal Housing Authority (FHA) Loans are government-backed loans that may be a good fit for you if your financial history is a little rough around the edges. If you have outstanding debt, a low credit score, or have experienced other financial issues but are hoping to buy a home, you may want to look into an FHA Loan. FHA Loans use your credit score to determine what percentage of the home’s value you can borrow. Low down payment options and lower minimum credit score limits with FHA Loans can help make homeownership a reality for you. Contact us today to find out if you’re eligible for a government-backed FHA Loan.
USDA

United States Department of Agriculture (USDA) Loans are a great option to consider if you fall into the low-to-moderate income bracket and are planning to purchase a home in a rural area. These loans are backed by the USDA (like VA Loans are backed by the Department of Veterans Affairs) as part of their effort to stimulate rural development and establish strong communities. Because they are backed by the USDA, these loans generally offer lower interest rates and down payments than traditional loans. Get in touch with us today to find out if you’re eligible for a USDA Loan!

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Home Loans with SPC

Home, Sweet Loan

Real Estate Loans & Home Equity Services

Purchase/Refinance Options

Second Mortgage (Closed-End)

Lot Loans

Construction Loans

Home Equity Lines of Credit

Mortgage Insurance

S.A.F.E. Act Disclosure Notice

VA, FHA, & USDA Loans

VA

FHA

USDA