Your down payment depends on your loan program, price point, and overall financial picture. In many cases, buyers can put down less than 20%—and for coastal properties in Myrtle Beach or North Myrtle Beach, we can help you explore options that fit your goals.

Pre-qualification gives you a quick estimate of what you may be able to borrow, while pre-approval is a deeper review from a lender. A pre-approval usually carries more weight when you’re ready to make an offer on a condo, investment property, or vacation home.

Your credit score can influence the interest rate and terms you’re offered. Stronger credit often leads to better pricing, while a lower score may mean fewer options or higher costs. A lender can help you understand where you stand and what steps may improve your outlook.

Closing costs are the fees and expenses due at the end of the transaction, such as lender charges, title work, and prepaid taxes or insurance. They’re often a few percentage points of the purchase price, though the exact amount varies by loan type and property.

Timelines vary, but many purchases close in about 30 to 45 days after your offer is accepted. Factors like financing, inspections, appraisal timing, and negotiation can speed things up or add a little time along the way.

Yes. Self-employed buyers can often qualify by showing consistent income through tax returns, bank statements, or other documentation. If your income is variable, a knowledgeable lender can help present your finances in the strongest possible way.

Your monthly payment typically includes principal, interest, and often property taxes and homeowners insurance. Depending on the home and loan, it may also include HOA dues, flood insurance, or mortgage insurance.

A 2-1 buydown temporarily reduces your interest rate for the first two years of the loan. That means lower monthly payments at the beginning, then a gradual step up to the full note rate in year three.

A 2-1 buydown is often paid for by the seller, builder, or lender as part of a negotiation or incentive package. In some cases, the buyer may also choose to fund it if the structure supports their budget and long-term plans.