NMHL Mortgage Lending
Mortgage Lender in Florence, SC
Local expertise and competitive rates for Florence homebuyers.
Florence, South Carolina's housing market is experiencing steady growth, with a current median home price of $173,000 according to recent estimates. As a borrower in Florence, you're likely looking for mortgage options that fit your needs. At National Mortgage Home Loans (NMHL), we specialize in helping underserved borrowers, including those with bad credit, self-employed individuals, and first-time homebuyers. Our local expertise and competitive rates make us the go-to lender in Florence.
The Florence housing market is characterized by a mix of historic homes and new developments, with popular neighborhoods like the Historic District, Oakdale, and The Reserve at Woodland Creek offering a range of housing options. As a borrower, it's essential to understand the local market conditions and how they impact your mortgage choices.
NMHL offers a range of mortgage programs, including FHA, VA, USDA, and Conventional loans, to help you achieve your homeownership goals. Our team is committed to providing personalized service and guiding you through the mortgage process. With NMHL, you can get pre-approved online or schedule a consultation with one of our experienced loan officers.
Florence Housing Market Overview
Explore mortgage options in Florence, SC with NMHL. Our local expertise helps you navigate the Florence real estate market with competitive rates and personalized service.
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 Florence
Explore mortgage options tailored to Florence 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 Florence Housing Market
The Florence housing market is characterized by a mix of historic homes and new developments. Popular neighborhoods like the Historic District, Oakdale, and The Reserve at Woodland Creek offer a range of housing options, from affordable starter homes to luxury properties. According to recent data, the median home price in Florence is $173,000, with homes typically staying on the market for around 30-60 days.
- The Historic District features charming historic homes, many of which have been renovated to maintain their original character.
- Oakdale is a popular neighborhood with a mix of older and newer homes, offering a range of amenities and services.
- The Reserve at Woodland Creek is a newer development featuring luxury homes with modern amenities.
NMHL's local expertise can help you navigate the Florence housing market and find the right mortgage for your needs.
NMHL Mortgage Programs for Florence Borrowers
At NMHL, we offer a range of mortgage programs designed to meet the unique needs of Florence borrowers. Our programs include:
- FHA loans with down payments as low as 3.5%
- VA loans for eligible veterans and service members
- USDA loans for borrowers purchasing homes in rural areas
- Conventional loans with competitive rates and terms
- Jumbo loans for high-end properties
Our loan officers can help you determine the best mortgage program for your needs and guide you through the application process.
Get pre-approved online or schedule a consultation with one of our experienced loan officers today.
Down Payment Assistance in Florence
Down payment assistance programs can help make homeownership more accessible and affordable in Florence. NMHL offers several down payment assistance programs, including our 'Down Payment Advantage' program, which provides up to 4% assistance for qualified borrowers. Additionally, the City of Florence and surrounding areas offer various down payment assistance programs for low-to-moderate-income borrowers.
Our loan officers can help you explore these options and determine the best fit for your needs.
Don't let down payment costs hold you back from achieving your homeownership goals. Contact NMHL today to learn more about our down payment assistance programs.
First-Time Homebuyer Programs in South Carolina
If you're a first-time homebuyer in Florence, there are several programs available to help you achieve your homeownership goals. The South Carolina State Housing Finance and Development Authority (SC Housing) offers several first-time homebuyer programs, including the SC Homebuyer Program, which provides up to 3.5% down payment assistance. NMHL also offers specialized mortgage programs for first-time homebuyers, including our 'Starter Home' loan product, which features competitive rates and lower down payment requirements.
Our loan officers can help you explore these options and determine the best fit for your needs.
Take the first step towards homeownership with NMHL's first-time homebuyer programs. Contact us today to learn more.
Frequently Asked Questions
The average property tax rate in Florence County is 0.55%. However, this rate can vary depending on the specific location within Florence and any additional tax exemptions or deductions you may be eligible for. It's essential to factor property taxes into your overall homeownership costs when considering a mortgage in Florence.
Florence is served by the Florence County School District One and Three, with some areas also served by surrounding districts. School district ratings can significantly impact home values, with highly-rated districts often commanding higher property prices. When considering a mortgage in Florence, it's crucial to research the local school districts and their impact on the local real estate market.
The South Carolina State Housing Finance and Development Authority (SC Housing) offers several first-time homebuyer programs, including the SC Homebuyer Program, which provides up to 3.5% down payment assistance. Additionally, NMHL offers specialized mortgage programs for first-time homebuyers, including our 'Starter Home' loan product, which features competitive rates and lower down payment requirements.
While bad credit can make it more challenging to secure a mortgage, NMHL offers specialized loan programs for borrowers with less-than-perfect credit. Our 'Credit Rebuilder' program is designed to help borrowers with credit scores as low as 580 qualify for a mortgage. We also offer alternative credit scoring models to help borrowers with non-traditional credit histories.
NMHL offers several down payment assistance programs, including our 'Down Payment Advantage' program, which provides up to 4% assistance for qualified borrowers. Additionally, the City of Florence and surrounding areas offer various down payment assistance programs for low-to-moderate-income borrowers. Our loan officers can help you explore these options and determine the best fit for your needs.
Related Resources
Ready to Buy in Florence?
Let NMHL help you navigate the Florence housing market with expert guidance and competitive rates.