Why Work With a South Carolina Mortgage Broker Instead of a BankBuying a home in South Carolina—whether in Charleston, Columbia, Greenville, or Myrtle Beach—can feel overwhelming. Choosing between a mortgage broker and a traditional bank is one of the first big decisions.
Here’s the difference:
- Banks only offer their own loan products. Your options are limited, and rates may not be the lowest.
- Mortgage brokers work with multiple wholesale lenders (often 100+). That means more choices, more competitive rates, and flexible loan programs tailored to your situation.
According to the Consumer Financial Protection Bureau (CFPB), using a mortgage broker often results in better loan terms and lower fees, since brokers shop around on your behalf.
Best South Carolina Mortgage Broker – Loan Factory
Best South Carolina Mortgage Broker – Loan FactoryAmong mortgage brokers in South Carolina, Loan Factory stands out for combining technology, transparency, and local expertise.
Founded by Thuan Nguyen, the #1 Loan Officer in the U.S. (Scotsman Guide), Loan Factory has quickly grown into one of the nation’s fastest mortgage platforms.
Why Homebuyers Choose Loan Factory in South Carolina
- Access to 240+ wholesale lenders (banks usually = 1)
- AI-powered online application → pre-approval in minutes
- No junk fees or application fees → full transparency
- Local loan officers in Charleston, Columbia, Greenville, Myrtle Beach
- Programs for FHA, VA, USDA, DPA, Jumbo, Non-QM
- Over 14,226 five-star reviews on Google nationwide
With Loan Factory, South Carolina borrowers save thousands in interest and closing costs, while enjoying fast approvals and personal guidance.
Popular Loan Programs in South Carolina
Popular Loan Programs in South CarolinaIf you’re buying in the Palmetto State, a mortgage broker can help you qualify for a wide range of programs:
- FHA Loans → Minimum 3.5% down payment, flexible credit (≥580)
- VA Loans → 0% down for eligible veterans and active-duty service members
- USDA Loans → 0% down for homes in rural/suburban areas (many parts of SC qualify)
- Conventional Loans → 3%–5% down, competitive rates for buyers with good credit
- Jumbo Loans → For higher-priced homes, common in coastal markets like Hilton Head & Charleston
- Down Payment Assistance (DPA) → Programs from the South Carolina State Housing Finance & Development Authority (SC Housing) can provide grants or forgivable loans to help first-time buyers
How Much Do You Need to Buy a Home in South Carolina?
How Much Do You Need to Buy a Home in South Carolina?According to South Carolina Realtors®, the state’s median home price in 2025 is about $330,000, with Charleston and Greenville leading in growth. Here’s what that means for buyers:
- Credit Score: 620+ for conventional loans; FHA allows 580+ with 3.5% down
- Down Payment: As low as 0% (VA/USDA), 3% (Conventional), or 3.5% (FHA)
- Closing Costs: Typically 2%–5% of the loan amount. Loan Factory reduces this by eliminating junk fees.
Example: On a $300,000 home in Columbia, your down payment could be as little as $9,000 (3%), with closing costs around $6,000–$9,000.
Get Pre-Approved With Loan Factory in South Carolina
Get Pre-Approved With Loan Factory in South CarolinaBuying a home is one of life’s biggest decisions—don’t leave it to chance. With Loan Factory, you get the best rates, transparent fees, and real local support.
- Instantly compare 240+ lenders
- Work with a South Carolina loan officer near you
- Apply online in just minutes with AI-powered speed
Start Your Application Now
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