Mortgage Options

The Right Home Loan, Backed by the Right People

At First Reliance Bank, we believe financing your home should feel personal, not complicated. Whether you’re buying your first home, moving up, building new, or refinancing your current mortgage, our experienced team is here to guide you every step of the way.

Explore your options below—or connect with one of our mortgage professionals to find the loan that’s right for you.

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First Reliance Bank/Mortgages/Mortgage Loan Options

Mortgage Options

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Conventional Fixed Rate

Conventional loans are one of the most popular types of home financing, offering competitive interest rates and flexible terms.

  • No Private Mortgage Insurance (PMI) with 20% Down
  • Fixed Interest Rate
  • Consistent Monthly Payments
  • Flexible Term Options

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FHA Loans

Federal Housing Administration (FHA) loans are designed to make homeownership more accessible for those with limited credit history.

  • More Lenient Credit Requirements and Low Down Payment
  • Competitive Interest Rates
  • Assumable Loan Option
  • Available for Purchase or Refinance

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VA Loans

VA loans are backed by the U.S. Department of Veterans Affairs and offer significant advantages for qualified borrowers.

  • No Private Mortgage Insurance (PMI)
  • No Down Payment Required
  • Flexible Credit Requirements
  • Reduced Closing Costs

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USDA Loans

USDA loans are a great solution for buyers looking to purchase a home in eligible rural or suburban areas.

  • Competitive Fixed Interest Rates & Flexible Credit Requirements
  • Reduced Mortgage Insurance Costs
  • Available for Purchase or Refinance
  • No Down Payment Required

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Real Estate Investor Loan

Real Estate Investor Loans are tailored for property investors, including first-time and LLC borrowers.

  • DSCR under 1.00x accepted for purchase/refinance
  • First-time and LLC investors allowed
  • Up to 80% LTV on purchases
  • Loan amounts up to $2.5 million

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Self-Employed Loan

Self-Employed Loans offer flexible qualification options including bank statements, P&Ls, and asset utilization.

  • Income qualification through bank statements or P&L
  • Up to 90% LTV for purchase and refinance
  • No mortgage insurance required
  • Loan amounts up to $3.5 million

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Let's Talk About Your Next Steps

Choosing the right mortgage is a big decision—but you don’t have to make it alone. Whether you’re just getting started or ready to apply, our mortgage team is here to help with expert guidance and straightforward answers.

We offer a wide range of home loan options to fit your goals, your lifestyle, and your future plans. And with local decision-making and personalized support, we make the process feel simple, clear, and built around you.

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The Benefits of Refinancing

Whether you’re looking to lower your monthly payment, shorten your loan term, or tap into your home’s equity, refinancing with First Reliance Bank can help you reach your next financial goal. Our refinancing options are designed to save you money, build long-term stability, and take control of your mortgage on your terms.

  • Potential to lower your monthly payment
  • Switch from an adjustable to a fixed rate
  • Cash-out options for major expenses
  • Shorten your loan term to pay off your home faster

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Single family home purchased with a mortgage from First Reliance Bank

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