Mortgage Loan Programs In South Carolina

BrickWood Mortgage is a full service South Carolina Mortgage Broker offering Purchase Money for Residential Homes and refinancing of existing Mortgages/Homes. Finance Primary Residences, 2nd Homes, Investment Properties, Single Family, Duplex, Multi Family (up to 4 units), Condos, and Condotels. Our customers love our personalized one to one service and convenient location in Surfside Beach; we are your friendly neighbor and the best local mortgage company near Myrtle Beach, Market Commons, Carolina Forest, DeBordieu, Charleston, Mount Pleasant and beyond, we serve all of South Carolina. Contact us to see if one of our mortgage loan programs meets your needs.

30 Year Fixed

A 30-year fixed mortgage loan offers a low monthly payment over a 30 year period. It’s an attractive option for those who plan to stay in their home for many years.

20 Year Fixed

If you don’t think you can afford the monthly payments of a 15-year fixed mortgage, and don’t want to stretch out your payments for 30 years, then the 20 year fixed is a great option.

15 Year Fixed

15-year fixed mortgage loans have a benefit of a lower interest rate, and payoff in half the time of a 30 year fixed. They require higher monthly payments, but you pay less interest over the life of the loan.

10 Year Fixed

10-year fixed mortgage loans pay off faster than a 15 year fixed, and have higher monthly payments. They offer the lowest fixed mortgage interest rates available.

Adjustable Rate - ARM

Have initially low interest rates that adjust based on current market conditions. Most ARMs come with an initial Fixed Period of 3, 5, 7, or 10 Years.

The Federal Housing Administration insures these home loans to make it easier for borrowers to qualify for a South Carolina mortgage. Borrowers with a low down payment or Credit issues should consider applying for an FHA Mortgage.

FHA Streamline

The FHA streamline refinance is designed to lower the rate on your current South Carolina FHA home loan.

Jumbo loans are for South Carolina homes in higher price ranges, The loan amount must exceed the conforming limit. We currently offer Fixed Rate, ARM, and Interest Only JUMBO home loan programs in South Carolina.

Government-insured Veteran Administration loans for up to 100% of purchase price to our eligible military veterans.

USDA Loans

For properties in Rural Areas issued by the USDA. No down payment required.

South Carolina veterans might want to consider a VA refinance to lower the interest rate on current VA loans.

Officially the HECM, Home Equity Conversion Mortgage is for individuals 62 years old that need a mortgage and don’t want to make mortgage payments. Purchase and Refinance HECM/Reverse Mortgage Programs are available. Borrowers are still responsible for paying property insurance, South Carolina property taxes, and maintaining the home. If the borrower fails to adhere to the HECM loan terms they run the risk of foreclosure.

For Self-employed borrowers that would prefer to use bank statements to qualify for a home loan. No tax returns are required for the South Carolina Bank Statement Home Loan Program. This is a great option for those in non-traditional jobs, freelancers and more, a Bank Statement Mortgage can help you land the home of your dreams.

Debt Service Credit Ratio Loan (DSCR)

Investor Loan Program that uses the property’s cash flow in Lieu of income documentation.

Interest Only

By paying only the interest on your mortgage, you are free to manage your cash flow and pay towards the principal balance as you see fit.

What Our Customers Are Saying

Cori Bakazan

Our experience buying a house with BrickWood Mortgage was stellar. After our first conversation with Paul, we knew we were in great hands. He’s professional,

Jack Nuse

I’ve purchased a number of homes in the past and have never been so impressed with the professionalism, personal interest, follow-through and guidance that I

Mark McClellan

I was fortunate to have Paul Hankins working my mortgage. There were some potential obstacles that he warned me about and sure enough he was