When you're getting ready to buy a home, it's important to know and understand the available loan options. Bill Payne | First Home Mortgage will provide information about all the choices so you can find the best fit for your needs.

We specialize in mortgage loans for purchasing homes with the best terms available. You can ask any questions you have to help determine what fits your situation and lifestyle.

Contact Bill Payne with First Home Mortgage today to learn more about the home loans available in Mount Pleasant, Charleston, Daniel Island, Sullivan Island and Isle of Palms, SC.

Find the right Conventional or government loan for your purchase

Bill Payne can walk you through the details of different loan products so you can make an informed decision. There are a variety of mortgage loan options you should know about. Conventional home loans are insured by private companies and meet the funding criteria set by Fannie Mae and Freddie Mac. These include:

Fixed rate loans

that have a constant interest rate for the life of your loan

Adjustable rate mortgages

that allow you to lock in a low introductory rate that could increase over time

Jumbo loans

that have higher loan amounts, allowing you to purchase an expensive home with a lower down payment

There are government loans that can better serve borrowers. These home loans include:

FHA loans

that are insured by the Federal Housing Administration and are available with limited down payment

VA loans

that are insured by the Department of Veterans Affairs for service members and their spouses

USDA loans

that are available for home buyers with low to moderate income in rural areas

Bill Payne will walk you through down payment assistance programs, construction loans and available renovation loans. He deals with a high volume of Conventional, Jumbo and VA loans.

Call 843-532-1392 today to learn more about government loans in Mount Pleasant, South Carolina.