South Carolina Mortgage Company ArborOne Poll Reveals 40% of Respondents Likely to Buy in Rural South Carolina
Research cites growing economy, rural landscape, and home and land value as deciding factors.
Florence, SC (Issues Wire / PRWEB) April 22, 2008 -- ArborOne Financial announced new research indicating growing trends in South Carolina home mortgages today, in spite of the significant real estate crunch brought about by the recent subprime crisis. The Farm Credit cooperative out of Florence, South Carolina, expects to see growing business from potential buyers both from South Carolina and nationwide.
The poll revealed that 40% of respondents would consider buying a home in rural South Carolina. And additional 33% remained undecided. Most respondents were active executives and professionals and had a college education or higher. The poll included current South Carolina residents, as well as subjects from the Northeast, Florida, and nearby cities of Charlotte, NC; Atlanta, GA; Knoxville, TN; Savannah, GA; and Raleigh/Durham, NC.
Famed for its sandy beaches, world-class golf courses, and proximity to the mountains as well as its rural traditions, the region is attracting new buyers who are interested in obtaining South Carolina home mortgages on new or second homes. A growing economy and attractive cultural environment are large factors to the appeal of the area. A 2002 study by Drs. Donald L. Schunk and Sandra J Teal indicated that in 2000 and 2001 arts in South Carolina averaged a $1.9 billion economic output.
ArborOne's research also highlighted some of the contributing factors to potential buyers' decisions, including physical surroundings, proximity to necessities, and resale value. Says Mary Dickson, Vice President of Marketing at ArborOne, the South Carolina mortgage company, "We're in a unique area and this region is growing significantly. People know the value of the homes and land in the Pee Dee region, and view moving here as both an escape and an investment."
And while many home communities in nearby states like Florida are experiencing the strain of foreclosure, South Carolina home loans remain an attainable goal for many buyers looking to relocate, retire, or escape. And with ArborOne South Carolina mortgage brokers, the risk of a subprime debacle is not even an option.
"We do not offer subprime mortgages," says Jack Shuler, President and CEO of ArborOne Financial. "And that's kept us afloat when many other South Carolina mortgage companies have not. We don't tease our customers with introductory rates, we want them to qualify for what their credit deserves, and be rewarded with the hard work they've put in to their investments."
About ArborOne:
ArborOne Financial provides a full line of lending and insurance solutions in the 12-county area of Northeastern South Carolina. For the last 90 years, ArborOne has provided farm loans and home loans for people all across the Pee Dee region. A proud member of the Farm Credit System, ArborOne is member owned, and features patronage refunds and competitive interest rates. For more information, visit www.ArborOne.com.
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