[South Carolina, 02/27/2018] Palmetto Citizens Federal Credit Union offers a variety of financing options for aspiring homeowners across South Carolina. It is a cooperative whose financial products help individuals buy a new home, refinance mortgages, and secure loans for home improvement.

An Ideal Time to Buy a House

South Carolina’s economy is thriving. P&C Business reports that the Midlands are enjoying a robust job market and employees are receiving higher incomes than in the previous years. These have resulted in a stronger purchasing power and the increase in real estate transactions throughout the state.

The South Carolina Realtors Association reports that 83,570 homes changed ownership in 2017, marking an impressive 4.5 percent increase in real estate transactions for the year. It is the highest on record since the recent housing market crash and economic recession. Given the favorable economic conditions, market experts say now is the best time to buy a house in the Midlands.

Although the median price for a house in South Carolina went up by 5.1 percent to $189,250, as of February 2018, buyers should be able to afford the price increase if they get a long-term mortgage with an affordable interest rate.

Mortgage Solutions for Homeowners and Home Buyers

Palmetto Citizens Federal Credit Union's mortgage solutions make it possible for South Carolina residents to buy a house. It offers fixed rates for up to 30-year terms for first mortgages. The cooperative also facilitates mortgages under federal-funded programs like VA, FHA, First Time Buyer, and Credit Rebuilder.

Homeowners who want to refinance their current mortgages can also get a second mortgage with Palmetto Citizens Federal Credit Union. They’ll have fixed rates and the possibility to extend the terms to 15 years.

About Palmetto Citizens Federal Credit Union

Palmetto Citizens Federal Credit Union is a non-profit financial cooperative that offers a wide selection of mortgage solutions in the Midlands. It offers first and second mortgages and lot loans to aspiring homeowners. It also provides equity, vehicle, and business loans. Members are welcome to open checking, savings, and investment accounts under the cooperative.

Learn more about its lending options at https://www.palmettocitizens.org/.