Free Reverse Mortgage PDF's
South Carolina Reverse Mortgage Directory
The following reverse mortgage brokers and lenders offer reverse mortgages and other loan solutions in the state of South Carolina. Please contact them for additional details and program offerings.
Southern Trust Mortgage - South Carolina
My philosophy is to listen to each customer's needs, and respond to those needs efficiently and effectively. I strive to build long-term relationships, so that as your lender, I will be with you each time your life necessitates a home change. Many lenders can 'get you a loan'. My goal is to 'get you the right loan'. I am proud to be a loan officer for MetLife Home Loans. I look forward to fulfilling your home financing needs.
George Stewart, NMLS #506558
Reverse Mortgage Consultant
Southern Trust Mortgage
Office - (843)471-2130 | Cell - (843)818-7676
Email | Website
About Reverse Mortgages in South Carolina
The reverse mortgage, often referred to as the Seniors Reverse Mortgage is a unique type of loan product that directly benefits seniors during their retirement years. The South Carolina Reverse Mortgage is growing in popularity, as is the Reverse Mortgage in general. Proof of this growing popularity can be found from the below numbers (as brought to you by NRMLA the National Reverse Mortgage Lenders Association.)
- 2005 - 48,493 homeowners took out a reverse mortgage
- 2006 - 86,639 homeowners took out a reverse mortgage
- 2007 - 132,252 homeowners took out a reverse mortgage
There are a variety of South Carolina reverse mortgages available. The most popular reverse mortgage in South Carolina is the HECM. HECM stands for Home Equity Conversion Mortgage, and is usually what homeowners decide on when they consider getting a Reverse Mortgage. South Carolina reverse mortgages are fairly easy to obtain.
SC Reverse Mortgage Requirements
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
South Carolina Reverse Mortgage Cities
Aiken Reverse Mortgages | Charleston Reverse Mortgages | Columbia Reverse Mortgages | Goose Creek Reverse Mortgages | Greenville Reverse Mortgages | Hilton Head Island Reverse Mortgages | Mount Pleasant Reverse Mortgages | Myrtle Beach Reverse Mortgages | Spartanburg Reverse Mortgages | Summerville Reverse Mortgages | Sumter Reverse Mortgages
South Carolina Reverse Mortgage Counties
Aiken County Reverse Mortgages | Anderson County Reverse Mortgages | Charleston County Reverse Mortgages | Greenville County Reverse Mortgages | Horry County Reverse Mortgages | Lexington County Reverse Mortgages | Richland County Reverse Mortgages | Spartanburg County Reverse Mortgages |
Revere Mortgage Resources
We do not make loans. If there is not a licensed representative in your area feel free to inquire with HUD, or the mortgage regulatory body in your state for more information on reverse mortgages. You may also contact the National Reverse Mortgage Lenders Association, or "NRMLA" for a licensed representative in your state.
