Find Home Equity Loan Specialists in Lexington, SC
Browse home equity loan specialists serving Lexington, South Carolina. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of South Carolina before hiring.
Showing 14 home equity loan specialists in Lexington, SC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A home equity loan specialist in Lexington South Carolina can help you access the value in your home through a lump sum loan or a home equity line of credit. South Carolina law allows homeowners to borrow against their equity but requires clear disclosure of terms and interest rates. Local specialists understand the Lexington real estate market and can guide you through the application process with local lenders.
What Does a Home Equity Loan Specialist in Lexington Cost?
Typical costs for a home equity loan specialist in South Carolina include an origination fee of 0.5 to 1.5 percent of the loan amount an appraisal fee of 300 to 600 dollars and closing costs of 2 to 5 percent of the loan. Some lenders may charge a flat fee of 500 to 1000 dollars for a HELOC. Costs vary by lender and loan type. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a home equity loan specialist in Lexington?
A home equity loan specialist is a mortgage professional who helps homeowners in Lexington South Carolina apply for loans secured by their home equity. They assist with choosing between a lump sum home equity loan and a home equity line of credit also known as a HELOC.
What are the requirements for a home equity loan in South Carolina?
In South Carolina you typically need at least 15 to 20 percent equity in your home a credit score of 620 or higher and a debt to income ratio below 43 percent. Lenders also require a property appraisal and proof of income.
Are there any South Carolina laws about home equity loans?
South Carolina follows federal Truth in Lending Act rules and state usury laws which cap interest rates on loans under 300000 dollars. The state also requires lenders to provide a three day right of rescission for home equity loans on a primary residence.