What loan is best for me?
types of loans
FHA Loan: Federal Housing Administration Loan
3.5%/down payment
- Seller can contribute up to 6% of sales price in closing cost, buy downs, and mortgage insurance premiums
- Fixed Rate
- Requires Mortgage Insurance Premium
- Allows you to purchase a fixer-upper
- Minimum Credit score 600
- No Income Limits
VA Loan: Department of Veterans Affairs
100%/financing
- Only available to veterans and their spouses
- Fixed Rate
- No Mortgage Insurance Premiums
- Minimum Credit Score 580
- No Income Limits
USDA: United States Department of Agriculture
100%/financing
- Available to buyers purchasing in USDA area (rural area)
- Fixed Rate
- Low guarantee and funding fee
- Minimum Credit Score 620
- Income Limits Apply
SC Housing: South Carolina State Housing Loan
fixed/rate
- Up to $5000 down payment assistance, up to $8,000 if you are a Palmetto Hero
- Some funds are forgiven
- Fixed Rate
- Income Limits Apply
- Minimum Credit Score 640
Conventional Loans
5 - 20%/down payment
- Mortgage Insurance Premium can be waived depending on credit and down payment amount
- Fixed and Adjustable Rates
- No Income Limits
- Minimum Credit Score 650
ask an expert
Mailing Address
8983 University Blvd Ste 104 PMB 140
North Charleston, SC 2906
Contact Us
Office: 843-277-8275
Fax: 843-628-6647
robin@hhmortgage.com
Open Hours
M-F: 9am - 5pm
Sat 10am - 2pm
Sun: Closed