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At Mortgages.com, our goal is providing mortgage information you can trust. It’s timely and accurate and that’s not all. Besides dozens of helpful articles, you’ll find mortgage calculators, South Carolina rate comparison charts, and even a directory of brokers doing business in South Carolina.
South Carolina conforming mortgages
The federal agencies Freddie Mac and Fannie Mae are charged with the responsibility of helping lower income home buyers acquire the funds they need to become home owners. The vehicle that helps these home buyers is called a conforming mortgage. Interest rates on conforming mortgages are lower than those on non-conforming mortgages, but only home buyers that meet specific criteria outlined by the federal government can qualify. Qualifying criteria exist for both the loan and the borrower. Your lender can help determine whether you qualify for a South Carolina conforming mortgage.
