In April 2011 the Dodd-Frank Act went into effect with drastic changes to the banking industry.  These changes included how mortgage companies conduct business.  While some banks did not see this as a positive change, we saw it as an opportunity to help our clients support the organizations they care about in a way that had never been done before.  The Dodd-Frank Act changed the way loan officers are compensated; making it more uniform and transparent - regardless of credit score, program, term, or down payment.  The idea behind this portion of the new law is the prohibition of loan officers from steering a customer to a specific product which would be more beneficial to his or her own income - essentially ignoring what was in the consumer's best interest.  Some lenders exited the business due to this change.  Others agreed this was a positive change because we were already doing business with integrity.

     Having already created a scholarship fund for financially challenged students at Clemson University and The University of South Carolina, we knew there was a need in the community.  State and Federal budget cuts to non-profit, 501(c)3, organizations were increasing.  We met with community leaders, Universities, Churches, various charities and clients to ask how we could help.  In these meetings, a vast majority mentioned the reduction in funding due to government budget cuts and/or overall donations being down.  We met as a group and created a plan to help our clients donate to the places most important to them.  The best part though, was we could do this without changing anything about the transaction.   Per IRS guidelines we can donate up to a maximum of $500 on behalf of our clients to the 501(c)3 of their choice with the client(s) receiving all of the tax benefit.  This donation is based on the loan amount and is deducted from the loan officer's income.  The amount per transaction is at a rate of .2% of the primary loan amount.  For example, the contribution given based on a $200k loan would be $400.  The borrower will receive a gift letter from the selected organization for tax purposes.  Please be aware that it is not necessary to participate in this program to obtain a loan through PrimeLending.  The service is an OPTION and the borrower may request and sign an OPT OUT form.  In the event the borrower decides to opt out of the charitable contribution, neither the term, rate, nor fees will change.   

     The professionals involved in this program have worked tirelessly to make it a reality to you.  Each one of us is giving a portion of our income on your behalf to the organization of your choice.  We encourage you to explore our website, visit our branches and call or email us with questions.  I hope we have eased any reservations you may have of our intentions to help.  You will find testimonials on the website of others we have helped.  Please let us know of any organization that needs help and tell your family and friends to contact us because PrimeCares!

Core Convictions

Honestly and Integrity

People Centric Culture

Agile

Service Beyond Expectations

Working together to have a profound and positive impact on the lives we all serve.   

Prime Cares strongly believes in giving back in the Communities in which we serve.  Whether national or local charities, we know the only way a community can truly grow is to help meet the needs of all those that live there.

.  FHA Loans

.  FHA 203k Renovation Loans

.  VA Loans

.  USDA Loans

.  HomePath Financing Programs

.  Exclusive Float Down Option

.  The amount donated will be .2% (maximum $500) of the primary loan amount.  For example, a $200k loan amount