The path to prosperity often begins with home ownership. Let our lending experts show you the way, with a variety of mortgage programs — from conventional loans to government-backed programs, and more. We make the process of buying a home as stress-free as possible and work tirelessly to get you into the right home for your budget. We know homeownership is a big deal — take the first step and contact us today!
The dream of homeownership is something we want all of our well-deserving customers to experience. We also realize that no two customers are exactly the same. That's precisely why we offer a wide range of financing options to accommodate our different customers' needs.
A fixed-rate mortgage features an interest rate that remains the same throughout the life of the loan, which means both your monthly principal and interest payment will be steady and predictable. If you are able to contribute a 20-percent down payment or more, you may be able to avoid the cost of private mortgage insurance.
An Adjustable Rate Mortgage (ARM) may offer lower initial interest rates and can be an excellent choice of financing under certain situations like rising income expectations and short-term ownership. After a specified period, the interest rate adjusts based on a preselected index plus a margin and is generally subject to periodic and life-of-loan interest rate caps and floors.
FHA loans are federally insured, which may require a smaller down payment and may offer a lower interest rate than a comparable conventional loan. This might be the right loan for you if you are a first-time homebuyer or if you have limited cash for a down payment and closing costs.
If you have been a member of the U.S. Military, you may qualify for a VA loan to help you purchase a primary residence. VA loans are federally guaranteed, which can make home buying more affordable. You get a fixed interest rate and payment, no monthly private mortgage insurance to pay, and in some cases, no down payment requirement. If you are a veteran, we would also like to say a special "thank you."
A USDA loan (also called a Rural Development Loan) is a government insured home loan that allows you to purchase a home if it is located in a designated rural area with no money down. The USDA offers 100% financing at some of the lowest rates of any loan, and you will always have a fixed interest rate.
If you’re a landowner or just tired of paying rent, a manufactured home may make a lot of sense. If you are in the market, a mobile home loan from Clover Community Bank should be your first step. We offer flexible terms and competitive rates to get you in the door quickly. Plus, all of the processing is handled right here, in South Carolina. Don’t miss out on this wonderful option for home ownership.