With lower credit requirements and a low down payment of 3.5%, these loans are perfect for owner occupied homebuyers who may not qualify under conventional guidelines. Due to the more relaxed funding requirements, people who may not have been able to qualify for a home loan under conventional guidelines are now able to realize their dreams of home ownership. Our FHA guidelines allow credit scores down to 580 in many cases.
In Charleston, Dorchester and Berkeley Counties the maximum FHA loan amount is $356,750. With FHA the buyer may negotiate to have the seller pay their closing cost when they negotiate their contract.
Find out today if an FHA Loan is the best fit for your unique home buying needs, complete a loan application here “Apply Now”.
You may also call directly to apply by phone to Jason Barley or Lorcan Lucey today at 843-884-8133.
Remember, we’re the biggest little lender in South Carolina and have been helping individuals with their home ownership needs for 30 years!