The Anchor Mortgage Advantage
Local Knowledge
We know the area and we're part of your community, not a bot on the net :)
Fast Processing
We work to close your loan as quickly as possible. We can even hit curveballs!
Best Service
We offer fast processing to speed closing and old fashioned customer service
Utilizing Technology
We offer secure mobile uploading and are available the old-fashioned way too!
Loan Programs
There are several types of loan programs available for homebuyers and investors. Here are some of the most common loan programs:
Conventional (Fannie Mae & Freddie Mac) Loans
- As Low as 3% Down Payment
- Down Payment Assistance Available (Restrictions Apply)
- 620 Minimum Credit Score
- Loan Terms from 10 to 30 Years
- Down Payment Can be Gifted
- Monthly Mortgage Insurance
- Not Required with 20% or More Down Payment
- Automatically Cancels at 78% LTV (Loan-to-Value)
- $766,550 Maximum Loan Amount
FHA (Federal Housing Administration) Loans
- 3.50% Down Payment
- Down Payment Assistance Available (Restrictions Apply)
- 580 Minimum Credit Score
- Loan Terms from 10 to 30 Years
- Down Payment Can be Gifted
- 1.75% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.50% Monthly Mortgage Insurance
- Remains for Life of Loan (if Down Payment is < 10%)
- $498,257 Maximum Loan Amount
FHA 203k (Home Renovation) Loans
- 3.50% Down Payment
- Streamline 203k Loan
- Use for Cosmetic and Common Repairs up to $35,000
- Standard 203k Loan
- Use for Extensive Repairs Over $5,000
- 620 Minimum Credit Score
- Down Payment Can be Gifted
- 1.75% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.55% Monthly Mortgage Insurance
- Remains for Life of Loan (if Down Payment is < 10%)
- $498,257 Maximum Loan Amount
VA (Veterans Affairs) Loans
- Zero Down Payment – 100% Financing
- 580 Minimum Credit Score
- Loan Terms from 10 to 30 Years
- 2.30% Upfront Mortgage Insurance Premium (First-Time Use)
- Financed into Loan Amount
- Will Vary Depending on Down Payment and Subsequent Use
- No Mortgage Insurance
- No Maximum Loan Amount
First-Time Homebuyer Loans
- Down Payment Requirements
- Conventional – 3% (Can be Gifted)
- FHA - 3.50% (Can be Gifted)
- VA - 0% (Zero Down Payment)
- USDA – 0% (Zero Down Payment)
- Down Payment Assistance
- Conventional – Up to 3% (Restrictions Apply)
- FHA – Up to 3.50% (Restrictions Apply)
- Credit Score Requirements
- Conventional – 620+
- FHA – 580+
- VA – 580+
- USDA – 620+
USDA (Rural Development) Loans
- Zero Down Payment – 100% Financing
- 620 Minimum Credit Score
- 1.00% Upfront Mortgage Insurance Premium
- Financed into Loan Amount
- 0.35% Monthly Mortgage Insurance
- Remains for Life of Loan
- Income and Property Areas Restricted
Investment Property Loans
- 20% Down Payment
- 620 Minimum Credit Score
- DSCR (Debt Service Coverage Mortgage)
- Qualify Based on Rental Income
Jumbo Loans
- As Low as 10% Down Payment
- 680 Minimum Credit Score
- Loan Terms from 10 to 30 Years
- No Mortgage Insurance Option
- Loan Amounts Over $726,200
About Anchor Mortgage
Anchor Mortgage, serving both North and South Carolina, offers a diverse range of loan products designed to meet the unique needs of every borrower. Whether you're a first-time homebuyer, looking for non-QM loans, conventional loans, investment property loans, or second home loans, we have the right solution for you. At Anchor Mortgage, we understand that each financial situation is different, which is why we also offer options for those with low credit scores. Our team of experts is dedicated to providing personalized service and finding the best loan product to fit your individual needs. Trust Anchor Mortgage to help you navigate the mortgage process with ease and confidence.
Our longevity in the industry reflects our dedication to providing exceptional service and fostering strong relationships with our clients. As a local lender, we understand the unique needs of our community and are proud to offer personalized mortgage solutions. Our involvement in local events and initiatives underscores our commitment to giving back and supporting the neighborhoods we call home. With Anchor Mortgage, you're not just getting a loan; you're partnering with a trusted local expert invested in your success.
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Pre-Qualification Letter
If you're in the market for a new home you'll need a Pre-Qualification letter. Fill out Anchor Mortgage's quick Pre-Qual form and we will generate a pre-qualification letter without pulling your credit report. We will even send it directly to your Realtor.
Our Satisfied Clients
Monthly Payment Mortgage Calculator*
Use this calculator to see monthly payments for different loan amounts.
* Please note: this calculator is for illustration payments and actual payments may vary.
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See If you qualify for a low down payment option
See how much you qualify for with our quick qualifier! Just enter your zip code to get started. We will tell you how much you qualify and send a pre-qualification letter on completion.
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Get The Right Loan For You!
Whether you are looking to refinance to save on your monthly payments with today's historic low rates, or looking to get pre-qualified to compete with cash offers, we can help!
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Fund Your Loan Today
With today's historically low rates, now is a great time to get financing. Complete our quick secure application, and we will get you a custom quote with different options and review which one best fits your needs!
Latest Blog Posts
Purchase Your Dream House
If you're looking for your first house, or if you've been there before, let us help you find the right rate with the right loan for the right amount.
We will search our network of lenders to find the loan that fits your needs. Fill out our quick form and one of our specialists will contact you shortly!
Anchor Mortgage Address
Contact Us:
Email: info@anchormortgagellc.com
Phone: (843) 225-7334
Address: 133 River Landing Drive #100
Daniel Island, SC
29492
Office Hours:
Monday-Friday: 9am to 6pm
Saturday: 10am to 2pm
Sunday: Closed