Dominion Mortgage and Financial Services has been serving the residents of Greenville, Anderson, and Spartanburg, as well as the entire state of South Carolina since 1997. We are very much a part of the community, and we pride ourselves in providing top rate customer service that you won't get at a bank.
We have several loan options available to our clients to fit their needs. One of our most popular loan programs is the Conventional Loan. Also known as a conforming mortgage, this loan meets the standard requirements set forth by Fannie Mae and Freddie Mac. Because these loans meet strict guidelines and carry less risk to the funding source, the rates are usually better than those of governement backed loans such as FHA or VA loans.
Although your credit score must meet the minimum requirement of 740, you don't need to have a 20% down payment like you have in the past! With a conventional mortgage, you can buy your home with as little as 5% down. It's important to keep in mind that there is a monthly mortgage insurance premium for those putting less than 20% down, however, this can usually be removed after you reach 20% equity.
Homebuyers in South Carolina can obtain a loan of up to $417,000 no matter what county they reside in.
We want to make sure that you are finding the loan with the best terms and rate for your unique situation. If you want to find out if you can qualify for a Conventional Loan, fill out our quick online form or call us today to get started now 864-224-3302!