Home Loans

The path to home ownership runs right by our door.

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.

Fixed-Rate Mortgages

  • Competitive rates
  • Loan options of 10, 15 and 30 years
  • 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 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 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

  • 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 of 15 and 30 years
  • Low fees take the place of private mortgage insurance

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 will be required at some point during the process.
  • Copy of your purchase contract
  • Your two most recent pay stubs with year-to-date earnings. If you have had more than one job this year, provide your final pay stub from your previous employer.
  • The two most recent years' W2s
  • Your two most recent bank statements. If the cash to close your loan comes from another source, provide documentation
  • Your residence history for the last two years (name and address of the landlord/mortgage holder)
  • Current homeowners' insurance provider and payment amount (if applicable)
  • Current property taxes (if applicable)
  • Loan and/or credit card information, including name, address, and account number of creditor
  • Letter from any relatives providing you with monetary gifts
  • Signed relocation agreement if your employer is paying for your move
  • Divorce decree/stipulation if alimony, child support or property settlement is involved (Note: alimony, child support, or separate maintenance income need not be revealed if you choose not to have it considered for paying the loan)
  • School transcripts if you've attended classes during the past two years
  • Letter of explanation for adverse credit or an employment gap
Anderson Brothers Bank is a full-service community bank with branches throughout the Pee Dee, Coastal and Low Country regions of South Carolina.

Meet the 'Home Team'

It's an exciting time for you. But the finances can be confusing. Relax, our experienced Mortgage Team prides itself on offering friendly personal service. They're happy to explain the benefits of each loan type and assist you through the entire application process. Here's how you contact them:
Tim McCoy
VP Mortgage Banking
Myrtle Beach, SC
843-685-7772 (cell)
NMLS # 459361
Headshot of Tim McCoy
Kraig Thornton
Assistant VP Mortgage Banking
N. Myrtle Beach/Longs, SC
843-399-8424, x3116
NMLS # 627760
Headshot of Kraig Thornton
David Dupont
Mortgage Officer
Myrtle Beach, SC
843-945-5112
NMLS # 414446
Headshot of David Dupont
Aaron Lee
Mortgage Officer
Conway, SC
843-369-2486, x1519
NMLS # 754520
Headshot of Aaron Lee
Ashley Bartol
Mortgage Officer
Myrtle Beach, SC
843-712-2235
NMLS # 733519
Headshot of Ashley Bartol
Kurt Walters
Mortgage Officer
Conway, SC
843-702-0762, x3117
NMLS # 1869181
Headshot of Kurt Walters
Danny Woodard
Mortgage Officer
Myrtle Beach, SC
843-702-0778 x 3420
NMLS # 140307
 
Danny Woodard headshot