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What is an FHA Loan?

An FHA loan is a type of mortgage that is insured by the Federal Housing Administration of the U.S. Department of Housing and Urban Development (HUD).

If you are looking to buy a home in Myrtle Beach, but worry that your low credit rating or debt to income ratio may stand in the way, you may be eligible for an FHA loan. Although there are still limits to how much you can borrow, FHA loans typically require a lower down payment.

Benefits 

• Down payments as low as 3.5%
• Low minimum credit scores
• 1-4 unit owner-occupied residences
• Gifts allowed
• Non-occupant co-signors allowed
• Ability to add home repair costs to loan

Considerations

• Annual up-front mortgage insurance premiums are required
• Maximum loan amounts vary by state and county
• Homebuyer education courses or minimum credit score requirements may apply
• Down payment assistance may or may not be available in your area

Since 1934, FHA loans have made it easier for all types of people, first-time homebuyers and senior citizens to realize their dream of home ownership. We are dedicated to finding the dream loan for your dream home.

*This is not a commitment to lend. All approvals are subject to underwriting guidelines. Restrictions apply. Rates may vary depending on creditworthiness, down payment, loan amount, and loan program. loanDepot is not acting on behalf of or at the direction of HUD/FHA or the federal government.

Chris Downey – “The Mortgage Guy”
NMLS# 98919
O 843.314.4555
C 703.973.6337
ChristopherDowney@Verizon.Net

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Our Featured Listings

6699 Enterprise Rd. $489,899

6699 Enterprise Rd. Myrtle Beach, South Carolina

5 Beds 3 Baths 2,890 SqFt 1.560 Acres

Listed by: Myrtle Beach Real Estate LLC

902 Sea Mountain Hwy. 5 $339,900

902 Sea Mountain Hwy. 5 North Myrtle Beach, South Carolina

3 Beds 2 Baths 1,155 SqFt

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1905 S Ocean Blvd. S 1004 $259,000

1905 S Ocean Blvd. S 1004 Myrtle Beach, South Carolina

1 Beds 1 Baths 611 SqFt

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2265 Huntington Dr. D $225,000

2265 Huntington Dr. D Surfside Beach, South Carolina

3 Beds 2 Baths 1,300 SqFt

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5300 Pebble Ln. $139,900

5300 Pebble Ln. Conway, South Carolina

2 Beds 2 Baths 940 SqFt 0.500 Acres

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2005 Greens Blvd. C-107 $119,900

2005 Greens Blvd. C-107 Myrtle Beach, South Carolina

2 Beds 2 Baths 846 SqFt

Listed by: Myrtle Beach Real Estate LLC

10 Oak Bay Dr. $179,900

10 Oak Bay Dr. Georgetown, South Carolina

0.170 Acres

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TBD Enterprise Rd. $119,990

TBD Enterprise Rd. Myrtle Beach, South Carolina

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36 Oak Bay Rd. $69,900

36 Oak Bay Rd. Georgetown, South Carolina

0.240 Acres

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Myrtle Beach Real Estate Listings

Myrtle Beach Real Estate

1013 Surf Pine Dr.
Surfside Beach, SC 29575
843-477-1777

© 2023 Myrtle Beach Real Estate
Myrtle Beach Real Estate has made every effort to obtained the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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