Home loans are designed to make your dreams affordable!
You've found the perfect place. For your lifestyle, for your family, for your future. Now you need the financing to make it all happen. That's where we come in. At Anderson Brothers Bank, we offer a variety of mortgage options, all designed to make your dreams a little more affordable. Our friendly lending team can explain all the details, answer any questions, and guide you to a loan that's as sweet as your new home.
Let's make a house become a home♥
Anderson Brothers Bank has been rolling out the welcome mat for South Carolina since 1933. Finding the right home mortgage loan is just as important as finding the right home. ABB has the experience and know how to find that right home you for every need. Some of Anderson Brothers most popular options:
Fixed-Rate Mortgages
- Competitive rates
- Stable monthly payments over the life of the loan, making long-term budgeting easier
- Refinancing options available
Adjustable-Rate Mortgages
- Lower initial rate for set number of years
- After initial period ends, rate are adjusted periodically
- Loan caps limit size of rate increases
- Good choice if you expect your finances to improve or you plan to move again in a few years
FHA Home Loans
- Down payments as low as 3.5%
- Qualify with less-than-perfect credit
- Family members can help with down payment
- Fixed-rate and adjustable-rate options
- Good choice for many first-time homebuyers
VA Home Loans
- Active duty military, veterans and reservists are all eligible
- Down payments as low as 0%
- Low interest rates and closing costs
- No private mortgage insurance required
- Fixed-rate and adjustable-rate loans available
USDA Home Loans
- Available to borrowers who want to live in rural areas and certain suburbs
- Down payments as low as 0%
- Qualify with less-than-perfect credit
- Fixed-rate options
- Low fees take the place of private mortgage insurance
Construction Loans
Build the home of your dreams with a Construction Loan. This type of loan has a Construction Draw Period, which lets you disburse funds when you need them for the different phases of construction. Then, upon completion, you can obtain permanent financing at a low, fixed rate.
- Interest only payments during Construction Draw Period
- One Time Close
Mortgage Calculator
Found the home loan that fits your needs? Estimate your monthly payments with our mortgage calculator. Include insurance, taxes, and HOA fees to get the best estimate. All calculators can be found by clicking below:
Your Home Loan Tool Kit
Our Mortgage Team will make applying for a home loan as easy as possible. If you want to get a head start, here are the documents that may be required at some point during the process.
- Most recent two paystubs, showing year-to-date earnings, for all borrowers
- Most recent two years W-2s, for all borrowers
- Most recent two years Federal Tax returns with all scheduled, including K-1 statements if self-employed, for all borrowers
- Most recent two months' bank statements for each account that will be used for down payment and closing costs
- Signed sales contract if you are purchasing a new home
- Current deed to the property if you are refinancing
- Divorce decree or separation agreement, if applicable
- Most recent mortgage statement, tax bill, and homeowner's insurance policy for all real estate you own
Anderson Brothers Bank NMLS# 410840