Find FHA Loan Specialists Near You in Conway, SC
Directory of fha loan specialists in Conway, South Carolina. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of South Carolina before hiring.
Showing 9 fha loan specialists in Conway, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Conway Cost?
Typical costs for FHA loan services in South Carolina include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Conway generally range from 3000 to 6000 dollars depending on the loan size and lender fees. Some costs such as appraisal fees and credit report fees are paid directly to third parties. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What credit score is needed for an FHA loan in Conway SC?
Most FHA lenders require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may have its own overlay requirements.
Are FHA loans assumable in South Carolina?
Yes FHA loans are assumable by qualified buyers in South Carolina. This means a new buyer can take over the existing FHA loan terms including the interest rate. This can be a benefit when current rates are higher than the original loan rate.
What are the FHA loan limits for Conway South Carolina?
For 2024 the FHA loan limit for a single-family home in Horry County is 498257 dollars. This limit applies to most areas in Conway. Higher limits may apply for duplexes triplexes and fourplexes.