A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie Mac typically require down payments of at least 3%. Borrowers who put at least 20% down do not have to pay mortgage insurance premiums, which are typically required with FHA loans.

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload. 

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA. Popular with first-time homebuyers, FHA home loans require lower minimum credit scores and down payments than many conventional loans.

You can qualify for an FHA loan with a credit score as low as 500 with 10 percent down. To get FHA’s maximum financing, you need a credit score of 580 or higher and 3.5 percent down.

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload. 

Grants for Homebuyers are available to assist with down payments.  Grants at Smart Mortgage Centers are completely forgivable and you are not required to be a first time homebuyer.  The grant program is only available to borrower’s applying for mortgage financing with Smart Mortgage Centers.

•  580 Credit Score Required
•  Grant is completely forgiven – no repayment required!
•  Grant can be used for down payment and/or closing costs
•  Seller Credit of 6% is allowed
•  Gift funds are allowed!
•  Borrower(s) not required to be First Time Homebuyers.
•  Income limit is based on qualifying income used for transaction, not household income.

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload. 

For eligible veterans and active duty military personnel a VA mortgage loan can be a wonderful benefit to take advantage of. The Department of Veterans Affairs guarantees these loans, which can finance as much as 100% of the value of the property, ensuring low rates and easier qualification guidelines when compared to conventional loans.

A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.

We are happy to look up eligible USDA properties or homebuyers can check to see if a property is eligible here. https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Click to learn more about USDA Home Loans Visit our USDA website.

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload. 

FHA 203k Loan

If you plan to purchase a fixer-upper or renovate your existing home, an FHA 203(k) loan may be the perfect loan for you. FHA 203(k) loans are backed by the federal government, and are a great loan option for those who want to purchase a home and perform upgrades, repairs, remodel or customize to their needs and wants. Smart Mortgage Centers has FHA 203(k) specialists standing by to answer all of your FHA 203(k) Renovation Loan questions.

Fannie Mae HomeStyle®

Non-Prime loans are also known as temporary or fixer loans for borrowers who are on their way to Prime but need a little help before they qualify. Non-Prime loans characteristically are made to borrowers who have had a past credit event or events in the form of Foreclosure, Bankruptcy, Short Sale, late payment, collection, charge-off, etc. Additionally, a borrower seeking a Non-Prime loan can use alternative documentation to qualify, in form of bank statements, liquid assets, and other forms of income not typically accepted by government lending criteria. Non-Prime loans usually have increased rates of interest and costs for providing access to capital while providing the ability to participate in the economy and housing market. Non-Prime loans should only be looked at as a temporary solution to an immediate need.

• ITIN Loans
• Bank Statement Loans
• Foreign National Loans
• Second Change Program
• Inherited Property Program

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload. 

Manufactured home loans are designed for factory-made homes built on a permanent chassis, and generally come in single or two-section units. This option offers various types of loans for homebuyers: FHA, VA, and conventional loans.

They may be small homes, but don’t be fooled – they come with big benefits. If you’re considering a manufactured home loan, these are some of the advantages:

• Manufactured home loan rates are affordable
• You can choose between a conventional, FHA, or VA loan
• Down payment options as low as 3.5% for FHA and 5% for conventional
• Manufactured homes are environmentally friendly

To find out if a property qualifies for a manufactured home loan, it makes sense to seek the advice from a lender, like us. But here are some general guidelines:

• The home was built on or after June 15, 1976
• Has no wheels and is designed as a single-family dwelling
• Has a minimum of 400 sq. ft. for an FHA mortgage
• Has a minimum of 600 sq. ft. for a conventional loan
• Is permanently affixed to the property site for more than 12 months
• You have a credit score of at least 580 for an FHA or 620 for a conventional (Other restrictions may apply, depending upon product and State.)

If you like small home living, or If you’re a renter and want to take the first step to homeownership, a manufactured home loan could be right up your alley. A Home Loan Specialist can give you more information on manufactured home loan rates and whether this loan is the right option for you.

Speak with a local Loan Officer by:

Text: 888-999-1350

Phone: 888-999-1350

Or click to start our easy 10 minute online application with easy document upload.