HOME 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.


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

 

Home Loan Checklist

Our Mortgage Team will make applying for a home loan as easy as possible. If you want to get a head start, here are some of the documents that will be required at some point during the process:

Two most recent pay stubs with year-to-date earnings

Two most recent years' W2s

Two most recent years' personal and business tax returns (if self-employed)

Two most recent asset statements

Employment and residence history for the last two years

Copy of your purchase contract (if purchase)

Current homeowners' insurance and property taxes (if applicable)

 

Anderson Brothers Bank is a full-service community bank with branches throughout the Pee Dee, Coastal and Low Country regions of South Carolina.