Compare top reverse mortgage lenders in South Carolina.
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What is a reverse mortgage?
HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature.
More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.
Compare HECM Lenders in SC for free with RMLD – Let us find you the best program.
Seniors in SC qualify for a reverse mortgage if…
- they are 62 years of age or older
- own their homes
- have equity available in the property
- can afford to pay for the home’s property taxes and insurance
- have never defaulted on governemnt insured loans
I qualify for the HECM reverse mortgage how does this program improve my retirement?
- improve your retirement qualify by having access to your equity today
- no more mortgage payments while you are living in the home
- interest rates are at all time low’s
- ability to spend the equity as you wish – no restrictions are placed on the funds
- no taxes are applied to the equity you release
“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”
How Does the Reverse Mortgage Work in South Carolina?
You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.
Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.
This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.
Snapshot of South Carolina
4.6 M
Population
$94,900
Median Home Value
72%
Home Ownership Rate
14%
Percent PopulationOver 65
Find Your City to Compare State and National Averages
| LOCATION | POPULATION | MED. HOME VALUE | HOME OWNERSHIP RATE | % POPULATION OVER 65 |
|---|---|---|---|---|
| USA | 307,006,550 | $119,600 | 66% | 13% |
| South Carolina | 4,561,242 | $94,900 | 72% | 14% |
| Aiken | 28,829 | $110,600 | 66% | 18% |
| Anderson | 26,242 | $84,100 | 53% | 20% |
| Charleston | 107,845 | $139,700 | 51% | 14% |
| Columbia | 119,961 | $98,500 | 46% | 10% |
| Florence | 31,284 | $91,300 | 61% | 15% |
| Goose Creek | 31,914 | $99,500 | 64% | 4% |
| Greenville | 57,428 | $118,100 | 47% | 14% |
| Hilton Head Island | 33,838 | $319,800 | 78% | 24% |
| Mount Pleasant | 59,113 | $185,500 | 74% | 10% |
| North Charleston | 87,482 | $75,200 | 46% | 9% |
| Rock Hill | 61,620 | $92,800 | 53% | 11% |
| Spartanburg | 38,561 | $85,700 | 50% | 15% |
| Summerville | 41,575 | $116,600 | 66% | 11% |
| Sumter | 39,159 | $79,900 | 53% | 14% |
Local Reverse Mortgage Lenders/Banks/Brokers in South Carolina
A
Abbeville · Adams Run · Aiken · Alcolu · Allendale · Alvin · Anderson · Andrews · Arcadia · Atlantic Beach · Awendaw · Aynor
B
Ballentine · Bamberg · Barnwell · Batesburg · Batesburg-Leesville · Bath · Beaufort · Beech Island · Belton · Belvedere · Bennettsville · Bethera · Bethune · Bishopville · Blacksburg · Blackstock · Blackville · Blair · Blenheim · Bluffton · Blythewood · Boiling Springs · Bonneau · Borden · Bowling Green · Bowman · Bradley · Branchville · Brittons Neck · Brunson · Bucksport · Buffalo
C
Cades · Cainhoy · Calhoun Falls · Camden · Cameron · Campobello · Canadys · Carlisle · Cassatt · Catawba · Cateechee · Cayce · Centenary · Central · Chapin · Chappells · Charleston · Charleston AFB · Chas AFB · Cheraw · Cherokee Falls · Cherry Grove · Cherry Grove Beach · Chesnee · Chester · Chesterfield · Clarks Hill · Clearwater · Clemson · Cleveland · Clifton · Clinton · Clio · Clover · Columbia · Conestee · Converse · Conway · Coosawhatchie · Cope · Cordesville · Cordova · Cottageville · Coward · Cowpens · Crocketville · Cross · Cross Anchor · Cross Hill
D
Dale · Dalzell · Daniel Island · Darlington · Daufuskie Island · Davis Station · Denmark · Dewees Island · Dillon · Donalds · Dorchester · Drayton · Due West · Duncan
E
Early Branch · Easley · Eastover · Edgefield · Edgemoor · Edisto · Edisto Island · Effingham · Ehrhardt · Elgin · Elko · Elliott · Elloree · Enoree · Estill · Eutawville
F
Fair Play · Fairfax · Fairforest · Fingerville · Florence · Floyd Dale · Folly Beach · Fork · Fort Lawn · Fort Mill · Fort Motte · Fountain Inn · Fripp Island · Furman
G
Gable · Gadsden · Gaffney · Galivants Ferry · Galivants Fry · Garnett · Gaston · Georgetown · Gifford · Gilbert · Glendale · Glenn Springs · Gloverville · Goose Creek · Gramling · Graniteville · Gray Court · Great Falls · Greeleyville · Green Pond · Green Sea · Greenpond · Greenville · Greenwood · Greer · Gresham · Grover
H
Hamer · Hampton · Hanahan · Hardeeville · Harleyville · Hartsville · Heath Springs · Hemingway · Hickory Grove · Hilda · Hilton Head · Hilton Head Island · Hodges · Holly Hill · Hollywood · Honea Path · Hopkins · Horatio · Huger
I
Indian Land · Inman · Irmo · Islandton · Isle of Palms · Iva
J
Jackson · Jacksonboro · Jamestown · Jefferson · Jenkinsville · Jericho · Joanna · Johns Island · Johnsonville · Johnston · Joint Base Charleston · Jonesville
K
Kershaw · Kiawah Island · Kinards · Kings Creek · Kingstree · Kline · Knightsville
L
La France · Ladson · Ladys Island · Lake City · Lake View · Lake Wylie · Lamar · Lancaster · Lando · Landrum · Lane · Langley · Latta · Laurens · Leesville · Lexington · Liberty · Liberty Hill · Lincolnville · Litchfield · Little Mountain · Little River · Little Rock · Livingston · Lobeco · Lockhart · Lodge · Lone Star · Long Creek · Longs · Loris · Lowndesville · Lugoff · Luray · Lydia · Lyman · Lynchburg
M
Madison · Manning · Marietta · Marion · Martin · Mauldin · Mayesville · Mayo · Mc Bee · Mc Clellanville · Mc Coll · Mc Connells · Mc Cormick · Meggett · Miley · Minturn · Modoc · Moncks Corner · Monetta · Monticello · Montmorenci · Moore · Mount Carmel · Mount Croghan · Mount Pleasant · Mountain Rest · Mountville · Mullins · Murrells Inlet · Murrells Inlt · Myrtle Beach
N
N Litchfield · Neeses · Nesmith · New Ellenton · New Zion · Newberry · Newry · Nichols · Ninety Six · Norris · North · North Augusta · North Charleston · North Myrtle Beach · Norway
O
Ocean Drive · Okatie · Olanta · Olar · Orangeburg · Oswego
P
Pacolet · Pacolet Mills · Pageland · Pamplico · Parksville · Parris Island · Patrick · Pauline · Pawleys Isl · Pawleys Island · Paxville · Peak · Pelion · Pelzer · Pendleton · Perry · Pickens · Piedmont · Pineland · Pineville · Pinewood · Pinopolis · Plum Branch · Pomaria · Port Royal · Poston · Powdersville · Prosperity
Q
Quinby
R
Rains · Ravenel · Reevesville · Reidville · Rembert · Richburg · Richland · Ridge Spring · Ridgeland · Ridgeville · Ridgeway · Rimini · Rion · Ritter · River Hills · Rock Hill · Roebuck · Round O · Rowesville · Ruby · Ruffin · Russellville
S
Saint Charles · Saint George · Saint Helena Island · Saint Matthews · Saint Stephen · Salem · Salley · Salters · Saluda · Sandy Springs · Santee · Sardinia · Scotia · Scranton · Seabrook · Seabrook Isl · Seabrook Island · Sellers · Seneca · Sharon · Shaw A F B · Shaw AFB · Sheldon · Shoals Junction · Shulerville · Silverstreet · Simpsonville · Six Mile · Slater · Smoaks · Smyrna · Society Hill · South of the Border · Spartanburg · Springfield · St Matthews · Starr · Startex · State Park · Sullivans Island · Summerton · Summerville · Sumter · Sunset · Surfside Beach · Swansea · Sycamore
T
Tamassee · Tatum · Taylors · Tega Cay · The Citadel · Tigerville · Tillman · Timmonsville · Townville · Travelers Rest · Trenton · Trio · Troy · Turbeville
U
Ulmer · Una · Union
V
Van Wyck · Vance · Varnville · Vaucluse
W
Wadmalaw Island · Wagener · Walhalla · Wallace · Walterboro · Wando · Ward · Ware Shoals · Warrenville · Waterloo · Wedgefield · Wellford · West Columbia · West Union · Westminster · Westville · White Oak · White Rock · White Stone · Whitmire · Williams · Williamston · Williston · Windsor · Winnsboro · Wisacky · Woodruff
Y
Yemassee · Yonges Island · York
HUD’s list of approved HECM Counselors in South Carolina.
Counseling is mandatory in all states for those who wish to get a HECM loan.
| HECM Counseling Agency Roster as of 06/05/2013 (3 records were selected, 3 records displayed.) |
| Name | Agency ID | Address | Phone | Web Site |
| CCCS/FAMILY SERVICES INC. | 81419 | NORTH CHARLESTON, SC 4925 LACROSS RD STE 215 NORTH CHARLESTON, SC 29406-6513 |
(843) 735-7802 | http://www.fsisc.org |
| GREENVILLE COUNTY HUMAN RELATIONS COMMISSION | 81745 | 301 UNIVERSITY RIDGE, SUITE 1600 GREENVILLE, SC 29601-3613 |
(864) 467-7095 | http://www.greenvillecounty.org/Human_Relations |
| UPSTATE HOMELESS COALITION OF SOUTH CAROLINA | 83403 | 150 EXECUTIVE CENTER DR # 211 GREENVILLE, SC 29615-4505 |
(864) 222-2342 | http://www.upstatehomeless.com/ |
 EQUITY LOANS LLC 2612 LARCH LN STE 102 MOUNT PLEASANT, SC 29466 CHARLESTON County |
|||||
| Title II | |||||
| Approval Date: Mar 14, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (843) 647-6222 | FAX Number: (888) 833-2451 | ||||
| E-Mail Address: [email protected] | |||||
FIRST CITIZENS BANK AND TR CO 1314 PARK ST COLUMBIA, SC 29201 RICHLAND County |
|||||
| Title II | |||||
| Approval Date: Apr 09, 1971 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (803) 733-2612 | FAX Number: (803) 733-2626 | ||||
| E-Mail Address: [email protected] | |||||
HOMEOWNERS MORTGAGE ENTERPRISES INC 2530 DEVINE ST COLUMBIA, SC 29205 RICHLAND County |
|||||
| Title II | |||||
| Approval Date: Feb 14, 1984 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (803) 765-9037 | FAX Number: (843) 689-7840 | ||||
| E-Mail Address: [email protected] | |||||
LIBERTY HOME EQUITY SOLUTIONS INC 1012 16TH AVE NW STE 112 SURFSIDE BEACH, SC 29575 HORRY County |
|||||
| Title II | |||||
| Approval Date: Sep 13, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (800) 218-1415 | FAX Number: (866) 851-9716 | ||||
| E-Mail Address: [email protected] | |||||
MOVEMENT MORTGAGE LLC 526 HOWELL RD GREENVILLE, SC 29615 GREENVILLE County |
|||||
| Title II | |||||
| Approval Date: Jan 06, 2010 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (864) 423-8298 | FAX Number: (803) 795-4240 | ||||
| E-Mail Address: [email protected] | |||||
REVERSE MORTGAGE USA, INC 468 TIRZAH CHURCH RD LANCASTER, SC 29720 LANCASTER County |
|||||
| Title II | |||||
| Approval Date: Apr 20, 2009 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (800) 748-1184 | FAX Number: (512) 338-3199 | ||||
| E-Mail Address: [email protected] | |||||
SUCCESS MORTGAGE PARTNERS INC 147 WAPPOO CREEK DR CHARLESTON, SC 29412 CHARLESTON County |
|||||
| Title II | |||||
| Approval Date: Sep 27, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (800) 375-0351 | FAX Number: (248) 347-7449 | ||||
| E-Mail Address: [email protected] | |||||
SUN WEST MORTGAGE CO INC 1200 WOODRUFF RD # A-3110 GREENVILLE, SC 29607 GREENVILLE County |
|||||
| Title II | |||||
| Approval Date: Feb 03, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (866) 690-7663 | FAX Number: (562) 924-7884 | ||||
| E-Mail Address: [email protected] | |||||
WOLFE FINANCIAL INC 2220 HIGHWAY 17 LITTLE RIVER, SC 29566 HORRY County |
|||||
| Title II | |||||
| Approval Date: Jan 06, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (843) 267-6789 | FAX Number: (336) 625-0911 | ||||
| E-Mail Address: [email protected] | |||||