Home Mortgage Loans

Home loans 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.

Meet the team!

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 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

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