NMHL Mortgage Lending
Mortgage Lender in Myrtle Beach, SC
Local expertise and competitive rates for Myrtle Beach homebuyers.
Myrtle Beach Housing Market Overview
Myrtle Beach is the Grand Strand's resort hub, attracting millions of visitors annually and an increasing number of permanent residents. The affordable beach living, golf courses, and entertainment venues make it popular with retirees and vacation home buyers.
Myrtle Beach Neighborhoods
Popular areas for homebuyers in Myrtle Beach, SC
ZIP Codes We Serve in Myrtle Beach
Mortgage lending available in these Myrtle Beach ZIP codes
See What You Qualify For
Takes about 5 minutes. No obligation. No credit check until you are ready.
Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Myrtle Beach
Explore mortgage options tailored to Myrtle Beach homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
Learn MoreWhat Our Clients Say
Real reviews from Google — no cherry-picking
Our Presence
Click on endorsed states to see our direct resources!
Understanding the Myrtle Beach Housing Market
The Myrtle Beach housing market is characterized by a diverse range of properties, from oceanfront condos to single-family homes in planned communities like Carolina Forest. The median home price is $280,000, making it an attractive location for retirees and families. However, the local market is also influenced by the vacation rental industry, with many properties generating significant rental income.
The area's popularity as a retirement destination is driven by its mild winters, beach access, and entertainment options. According to recent data, Myrtle Beach attracts millions of visitors annually, making it an ideal location for vacation home buyers and investors.
NMHL's 'Coastal Advantage' program is designed to help borrowers navigate the unique challenges of the Myrtle Beach market.
Notable Neighborhoods in Myrtle Beach
Myrtle Beach is comprised of several distinct neighborhoods, each with its own character and charm. Market Common is a popular destination for those seeking a walkable, mixed-use development with access to shopping and dining. Grande Dunes offers luxury resort living, while Carolina Forest provides family-friendly suburbs with access to top-rated schools.
- Market Common: Walkable, mixed-use development with shopping and dining
- Grande Dunes: Luxury resort living with golf course access
- Carolina Forest: Family-friendly suburbs with top-rated schools
When choosing a neighborhood, consider factors like proximity to schools, golf courses, and entertainment venues.
Mortgage Options for Underserved Borrowers
At NMHL, we understand that many borrowers face unique challenges when seeking a mortgage. Our 'Credit Rebuilder' program is designed to help borrowers with bad credit improve their credit score and secure mortgage approval. We also offer specialized programs for self-employed borrowers and veterans.
Our experienced loan officers work closely with borrowers to understand their financial situation and develop a personalized mortgage solution.
NMHL is committed to serving underserved borrowers in Myrtle Beach and beyond.
Down Payment Assistance Programs in Myrtle Beach
NMHL offers several down payment assistance programs, including our 'Down Payment Advantage' program, which provides up to 3.5% of the home's purchase price towards down payment and closing costs. Additionally, the City of Myrtle Beach and Horry County offer various down payment assistance programs for eligible borrowers.
These programs can help reduce the upfront costs associated with purchasing a home, making it more accessible to first-time buyers and those with limited financial resources.
Don't miss out on the opportunity to take advantage of down payment assistance programs in Myrtle Beach.
Getting Started with Your Myrtle Beach Mortgage
At NMHL, we're committed to helping you achieve your homeownership goals. Our experienced loan officers are here to guide you through the mortgage process, from pre-approval to closing.
Contact us today to schedule a consultation and take the first step towards owning your dream home in Myrtle Beach.
Get pre-approved for your Myrtle Beach mortgage with NMHL today.
Frequently Asked Questions
Myrtle Beach property tax rates average around 0.50% of the home's assessed value. This is relatively low compared to other coastal areas, making it an attractive location for retirees and homeowners. However, it's essential to factor in additional costs, such as beach renourishment fees, which can impact your overall housing expenses.
Myrtle Beach is served by the Horry County School District, which includes several highly-rated schools. While school districts can impact home values, Myrtle Beach's popularity as a retirement destination means that other factors, such as proximity to golf courses and entertainment venues, also play a significant role in determining property values.
The South Carolina State Housing Finance and Development Authority (SC Housing) offers several programs for first-time homebuyers, including the 'Palmetto Heroes' program, which provides down payment assistance to eligible borrowers. NMHL also offers our 'Pathway to Homeownership' program, designed to help first-time buyers navigate the mortgage process and secure affordable financing.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized programs for borrowers with less-than-perfect credit. Our 'Credit Rebuilder' program allows borrowers to work with a credit counselor to improve their credit score, increasing their chances of mortgage approval.
NMHL offers several down payment assistance programs, including our 'Down Payment Advantage' program, which provides up to 3.5% of the home's purchase price towards down payment and closing costs. Additionally, the City of Myrtle Beach and Horry County offer various down payment assistance programs for eligible borrowers.
Getting pre-approved for a mortgage with NMHL is a straightforward process. Simply contact one of our experienced loan officers, and they'll guide you through the pre-approval process, which typically involves a review of your credit report, income verification, and other financial documents.
Related Resources
Ready to Buy in Myrtle Beach?
Let NMHL help you navigate the Myrtle Beach housing market with expert guidance and competitive rates.