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Mortgage Broker in Summerville, FL

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Classic Home Mortgage Providing Trustworthy Mortgage Guidance for Over 30 Years

Buying a home is one of the most significant investments that you will ever make. Like most good things, finding the perfect home comes with a lot of work. From your initial search online to your home tour and finally closing, there are many difficult decisions to make along the way. The bottom line is that the entire home buying process can be very stressful, especially when it comes to finding the right mortgage broker and loan for your new home. Since market conditions and mortgage programs change frequently, you have a lot riding on your broker's ability to provide quick and accurate financial advice. Whether you're a first-time homebuyer or own several residential properties, you need a mortgage broker in Summerville, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Summerville's most trusted mortgage loan officer with more than 30 years in the mortgage industry. I bring unparalleled insight and decades of experience into your home loan process. If you're looking for a new home loan, are interested in refinancing your current mortgage, or need information regarding FHA, VA, or other types of loans, Dan Crance is Your Mortgage Man.

Unlike some mortgage loan officers in Summerville, my primary goal is to help you make the right mortgage choice for you and your family. Mortgage lenders have a horrible reputation for turning over clients quickly to expedite cash flow and make the most money possible. While some mortgage brokers come off as pushy and impatient, I encourage my clients to take as much time as they need to ask questions and review their mortgage agreements. I'm here to help answer those questions and provide you with easy-to-understand advice so that you can rest easy knowing you made the right choice. I could say that I strive to provide service that exceeds your expectations, but I'd rather show you. In the end, I want you to leave feeling confident in the loan you've selected, as well as in your choice of broker.

Service Areas
Mortgage Broker Summerville, FL
 Refinance Summerville, FL

Why Choose Dan Crance As Your Mortgage Lender in Summerville, FL?

Clients choose my mortgage company because I truly care about helping them navigate the often-confusing landscape of the mortgage process. I am fiercely dedicated to my clients and make every effort to provide them with trustworthy advice and an open line of communication.

In my business, I work for two different customers. On one hand, I have the buyer: the person entrusting me with the responsibility of guiding them through one of the most important decisions ever. Serving homebuyers is not a task that I take lightly. I work with them daily to help them through the process and provide timely updates and news on their mortgage status. On the other hand, I have the realtor: the person who works with my client to find their dream home. Since their commission is in my hands, working with realtors is also a very important task. I update these agents on the status of their customers weekly. Only when I take care of both parties can I say my job as a mortgage loan officer is complete.

As a mortgage broker with more than 30 years of experience, I pledge to give you the highest level of customer service while providing you with the most competitive loan products available. That way, you can buy the home of your dreams without second-guessing your decision.

 Conventional Mortgage Summerville, FL

Home Financing in Summerville, FL

At Classic Home Mortgage, our team works diligently to close on time without stress or hassle. Whether you're a seasoned homeowner or are buying your new home in Summerville, we understand how much stress is involved. Our goal is to help take that stress off of your plate by walking you through every step of the home loan process. Because every one of our clients is different, we examine each loan with fresh eyes and a personalized approach, to find you the options and programs you need.

With over 30 years as a mortgage professional in Summerville, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Summerville, FL

When you work with Classic Home Mortgage, you can always count on our team to:

  • Put your needs first.
  • Work efficiently and quickly. Many of our home loans close in 30 days or less.
  • Offer you a variety of home loans to choose from, and help you make an informed decision.
  • Provide you with competitive rates that make sense for your budget and lifestyle.

While no two loan terms are the same, a few of the most common loan types include:

30-Year Loan - This loan is often considered the most secure option to choose. With a 30-year loan, you can lock in a low payment amount and rest easy knowing your rate won't change.

FHA Loan - If you're not able to make a large down payment, an FHA loan could be the right choice for you. With an FHA loan, many of our clients have successfully purchased a home with less than 4% down.

VA Loan - This loan is reserved for military veterans and active-duty men and women. Those who qualify may be able to purchase a home with no down payment and no Private Mortgage Insurance (PMI).

Choosing a home loan is an important step in the home buying process. At Classic Home Mortgage, we are here to make choosing a loan as easy as possible, so you can focus on the joys of being a homeowner. Contact our team of experts today and ask how you can get pre-qualified for your home loan in Summerville, FL.

Refinancing in
Summerville, FL

Because home mortgage rates in the U.S. have been so low over the last year, many current homeowners are opting to refinance their home loans. Simply put, refinancing is replacing your existing mortgage with a different mortgage under new terms. Homeowners who refinance their homes enjoy lower interest rates, lower monthly payments, and even turn their home's equity into cash. If you're interested in refinancing your home, it all begins with a call to your mortgage broker in Summerville, FL - Dan Crance.

Here are just a few reasons why more homeowners in the U.S. are taking advantage of lower rates and refinancing their homes:
 Home Ready Mortgages Summerville, FL
Shorter Term Loan

Shorter Term Loan

Refinancing from a 30-year to a 15-year mortgage might seem counterproductive on the surface because your monthly payment usually goes up. However, interest rates on 15-year mortgages are lower. And when you shave off years of your previous mortgage, you will pay less interest over time. These savings can be very beneficial if you are not taking the mortgage interest deduction on your tax returns.

Do Away with FHA

Do Away with FHA

FHA loans are notorious for paying premiums for the life of the loan. Mortgage insurance premiums for FHA loans can cost borrowers as much as $1,050 a year for every $100k borrowed. The only way to get rid of mortgage insurance premiums is to refinance to a new loan that the Federal Housing Authority does not back.

Switch to Fixed Rate or Adjustable-Rate Home Loan

Switch to Fixed Rate or Adjustable-Rate Home Loan

Sometimes, borrowers with adjustable-rate mortgages refinance so they can switch to a fixed rate, which lets them lock in an interest rate. Doing so is beneficial for some homeowners who like to know exactly how much their monthly payment is each month. Conversely, some homeowners with fixed rates prefer to refinance to an adjustable-rate mortgage. Homeowners often go this route if they plan on selling in a few years and don't mind risking a higher rate if their plans fall through.

 Mortgage Banker Summerville, FL

Common Questions About Home Loans

Finding the right loan can be a difficult proposition, even if you have been through the process before. This is especially true since mortgage rates and market conditions change frequently. If you're like most of my clients, you probably have questions about interest rates, refinancing options, and a litany of other topics. To help alleviate some of your stress, here are just a few common questions with answers so that you can better educate yourself as we work our way to securing your loan.

Generally speaking, you should consider refinancing when mortgage rates are 2% lower than the current rate on your home loan. For some homeowners, refinancing makes sense when there is only a 1% difference. Reducing your mortgage rate is a great way to save money or apply your savings to a home upgrade. The money you save on your refinanced loan depends on your loan amount, budget, income, and charges from interest rates. It's crucial that you work with a trusted mortgage loan officer in Summerville, FL, to help calculate your refinancing options.
This is one of our most frequently asked questions at Classic Home Mortgage. In simple terms, points let you make a tradeoff between the upfront costs of your loan and your monthly payment amount. Points are essentially costs that you have to pay to your mortgage lender to get financing under specific terms. A point is defined as a percentage on your loan amount. 1-point is equal to 1% of the loan. So, 1 point on a loan worth $100,000 is equivalent to $1,000. When you pay some of the interest on your home loan upfront, you use discount points to lower your interest rate.
If you plan to live in the property for a few years, it makes a lot of sense to pay points to lower your interest rate. Doing so will help lower your monthly loan payment, which you can use to save money. Paying points may also increase the amount of money that you can borrow. If you do not plan on living in the property for at least a few years, this strategy might not make financial sense because you might not be able to make up the amount of the discount points you paid up-front.
In short, yes, your mortgage lender will need to know your credit score. Credit scoring is a system that creditors use to decide whether they will give you credit. Your credit score helps creditors decide how creditworthy you are or how likely you will repay your loan. In most circumstances, creditors will use your FICO scores during the loan process. Your score will fall between high risk (350) and low risk (850). Your credit score plays a big role in the loan process, and as such, your score must be accurate before submitting a credit report when applying for a loan.
The answer to this question depends on how money you choose to put as a down payment on your home. On a conventional loan, if your down payment is less than 20% of the price of your home, your mortgage broker in Summerville may require you to get Private Mortgage Insurance or PMI for short. This insurance protects your lender in the event you default on your mortgage. The best way to avoid paying for this insurance is to make a down payment of 20% or more of the purchase price of your home.
 Mortgage Company Summerville, FL

Trust Dan Crance

Your Mortgage Lender in Summerville, FL

Whether you're selling, buying, refinancing, or building the home of your dreams, you have a lot riding on your home loan specialist. When you need a mortgage broker who works tirelessly for you, answers your questions, provides guidance, and does so with a genuine smile, Dan Crance is your mortgage man. Contact Dan today at 843-478-5612 to get pre-approved and discover why Summerville loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Summerville, FL

Lowes Foods to open Summerville store, close others

Lowes Foods, a Carolinas-based grocer, is opening a fifth store in the Charleston market in Summerville, while the company plans to close other locations.The Summerville store will be 50,887 square feet and will anchor a new retail center between two large Berkeley County residential developments, according to a news release. The new Lowes Foods store, scheduled to open in 2025, is on the northeast side of the 5,000-acre Nexton community.In addition, Lowes Foods has acquired Foothills IGA Market in Marble Hill, Ga., the release...

Lowes Foods, a Carolinas-based grocer, is opening a fifth store in the Charleston market in Summerville, while the company plans to close other locations.

The Summerville store will be 50,887 square feet and will anchor a new retail center between two large Berkeley County residential developments, according to a news release. The new Lowes Foods store, scheduled to open in 2025, is on the northeast side of the 5,000-acre Nexton community.

In addition, Lowes Foods has acquired Foothills IGA Market in Marble Hill, Ga., the release stated This will be the brand’s first store in Georgia. The store will continue to operate as an IGA for the next few months and will become a Lowes Foods store sometime in early 2024.

Related content: Construction begins on 278-unit community in Summerville

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Along with the expansion, Lowes Foods will be making the decision to close two stores, the release stated. Food Country purchased the location in Stuart, Va., at the end of September. The store in Yadkinville, N.C., will be closing at the end of this month. Employees in the Yadkinville store are being given opportunities in other Lowes Foods.

“Lowes Foods is deeply committed to providing an exceptional shopping experience for our guests at all our store locations,” Tim Lowe, head of Retail, and Alex Lee, president, Lowes Foods said in the release. “Our coming stores in Summerville and Georgia will be important areas of growth for our company, and we’re excited about our continuing expansion in those markets. We also are pleased that Food Country has agreed to work to retain our employees in Stuart as our store there becomes part of the Food Country brand.”

In addition to Summerville and Marble Hill, Lowes has previously announced new stores in Aiken, and Kannapolis, Concord, Indian Land, and Winterville, N.C. A new store in Pittsboro, N.C., opened in June of this year.

Founded in 1954, Lowes Foods employs nearly 9,000 people and operates 82 full-service supermarkets in the Carolinas.

LIST: Where to see Santa across the Lowcountry this holiday season

CHARLESTON, S.C. (WCBD) – Santa has a jam-packed schedule this holiday season. Are you wondering where to take the kids to see Santa? Below, you’ll find a breakdown of all the areas Santa will be across the Lowcountry.Summerville – Head to Top Dawg Tavern in Summerville on Dec. 20 from 5 p.m. to 8 p.m. and grab some pictures with Santa. Kids are welcome to attend, and there will be live music from 7 p.m. to 10 p.m., with specials running all night.– Children of Summerville can tak...

CHARLESTON, S.C. (WCBD) – Santa has a jam-packed schedule this holiday season. Are you wondering where to take the kids to see Santa? Below, you’ll find a breakdown of all the areas Santa will be across the Lowcountry.

Summerville

– Head to Top Dawg Tavern in Summerville on Dec. 20 from 5 p.m. to 8 p.m. and grab some pictures with Santa. Kids are welcome to attend, and there will be live music from 7 p.m. to 10 p.m., with specials running all night.

– Children of Summerville can take pictures and give Santa their wish list letters at the Old Time Summerville Christmas Celebration on Nov. 28 from 6 p.m. to 8:30 p.m.

Mount Pleasant

– Support local children’s charities and see Santa and Mrs. Clause by attending Winter Wonderland at The Belle Hall Shopping Center in Mount Pleasant. The event will be Dec. 1 from 12 p.m. to 7 p.m.

– All kids can get a free chocolate pop and a photo shoot with Santa at Mt. Pleasant Towne Centre from Nov. 24 to Dec. 24. To see the photo shoot schedule and make reservations, go to https://mtpleasanttownecentre.com/events/photos-with-santa-claus/

– Ahead of the Folly Beach Christmas Parade, citizens can grab photos with Santa Pierview, Pavilion Ballroom, Dec. 9 from 9 a.m. to 11 a.m. There will be ornament-making craft tables and a hot and cold food buffet. To purchase tickets, visit https://www.tidesfollybeach.com/breakfast-with-santa/?utm_source=third_party_listings&utm_medium=calendar_listing&utm_campaign=santa-breakfast

Isle of Palms

– Eat at Rudolph’s pancake buffet and have breakfast with Santa on Dec. 2 in the Tides Ballroom at Wild Dunes Resort from 8:30 a.m. to 10:30 a.m. Call 877-230-9224 to book a reservation.

Cottageville

– Bee City Zoo’s Wonderland of Lights will feature Santa visits from Nov. 22 to Dec. 31. To purchase tickets and see Santa’s schedule, visit https://www.beecityzoo.com/

North Charleston

– Visit with Santa at the City of North Charleston Christmas Festival and Parade at Felix C. Davis Community Center, Dec. 2, 4 p.m. – 8 p.m.

– Santa’s Workshop will be set up at Northwoods Mall in North Charleston on Nov. 22. To reserve your visit or find visitor hours, click here: https://www.shopnorthwoodsmall.com/store/santas_workshop

Charleston

– Santa will be at the Citadel Mall Mon.-Sat. 11 a.m. to 7 p.m. from Nov. 24 through Dec. 24. You can also make reservations and skip the line at citadelmall.net

– Mr. and Mrs. Claus will be at The Charleston Place on the 2nd-floor landing Dec. 2,9 and 16 from 1 p.m. to 4 p.m.

– The Charleston Santa welcomes visitors at The Best Friend Train Museum every weekend between Thanksgiving and Christmas.

Reservations are required; however, admission is free. Hours are 10 a.m. to 6 p.m. except on Dec. 16, 17, and 23, which will be 10 a.m. to 4 p.m.

– Visit with Santa in the library at The Restoration Hotel on Dec. 9 from 10 a.m. to 12 p.m.

– On Christmas Eve, Santa will be at the Crown Ballroom for a breakfast buffet filled with sweet and savory foods. If you want breakfast with Santa, call 843-990-5460 or make reservations online at https://www.opentable.com/r/hotel-bennett-special-events-charleston. Tickets are $82 per adult and $47 for children under 12.

HOT PROPERTIES: Summerville office space sells for $1.5M

Robert Pratt of Re/Max Pro Realty represented the seller, Jurisprudence LLC, in the sale of 7,022 square feet of office space at 112 W. 4th North St. in Summerville to Ellie Holdings LLC for $1.5 million. Zach Hines of Spencer Hines Properties represented the buyer.Other commercial real estate deals in recent days in the Lowcountry include the lease of a retail space on Camp Road. Trey Lucy and Kevin Shields of ...

Robert Pratt of Re/Max Pro Realty represented the seller, Jurisprudence LLC, in the sale of 7,022 square feet of office space at 112 W. 4th North St. in Summerville to Ellie Holdings LLC for $1.5 million. Zach Hines of Spencer Hines Properties represented the buyer.

Other commercial real estate deals in recent days in the Lowcountry include the lease of a retail space on Camp Road. Trey Lucy and Kevin Shields of Belk Lucy represented the landlord in the lease of 4,255 square feet in Suite B at 1234-1238 Camp Road on James Island to Tidewater Carts. Christi Copenhaver of Palmetto Commercial Properties represented the tenant.

Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send in your transactions using our online form.

Robert Pratt of Re/Max Pro Realty represented the buyer, RLP LLC, in the purchase of 1.16 acres of triple-net ground lease space at 3878 Ladson Road in Ladson from 3878 Ladson Road LLC for $1,472,125. Britt Raymond of SRS Real Estate Partners represented the seller.

Jenna Philipp of Palmetto Commercial Properties represented the landlord, RCB Development, in the lease of 2,704 square feet square of warehouse space at 1750 Signal Point Road.

Jenna Philipp of Palmetto Commercial Properties represented the tenant, Sanders Inc., in the lease of 10,103 square feet of industrial space at 7635 Sandlapper Pkwy, Suite 200, from Sandlapper One Associates LLC. Robert Pratt of Re/Max Pro Realty represented the landlord.

Jing “Julia” Donovan of Coldwell Banker Commercial Atlantic represented the tenant, James Pugh, in the lease of 900 square feet of retail space at 1286 Yeamans Hall Road in Hanahan. The landlord, 1268 Yeamans Hall LLC, was represented by Brent Case of Coldwell Banker Commercial Atlantic. The retail business will be a liquor store.

Christi Copenhaver of Palmetto Commercial Properties LLC represented the tenant, Tidewater Carts, in the lease of 4255 square feet of retail space in Suite B at 1238 Camp Road in Charleston from Christi Copenhaver. Kevin Shields and Trey Lucy of Belk Lucy represented the landlord.

David Newman of Harbor Commercial Partners represented the tenant, Formula Automatic Door Co. Inc., in the lease of 2,755 square feet of office space at 2671 Spruill Ave., Unit C, in North Charleston from 2681 Spruill LLC. Clarke Attaway of Lee & Associates represented the landlord.

Jing “Julia” Donovan of Coldwell Banker Commercial Atlantic represented the tenant Vape FX LLC in the lease of 900 square feet of retail space at 1288 Yeamans Hall Road in Hanahan. The landlord, 1268 Yeamans Hall LLC, was represented by Brent Case of Coldwell Banker Commercial Atlantic. The retail business will be a vape shop.

Summerville voters choose Touchberry as new mayor

SUMMERVILLE — Russ Touchberry will replace Ricky Waring as the town’s new mayor.Touchberry defeated opponents Dickie Miler and Vickie Fagan with 53 percent of the vote in the Nov. 7 election.“It’s time to get the work done, and I can’t wait to get the work done,” Touchberry said. “That’s what we’ve been looking forward to.”Results are unofficial until certified by election officials later this week.Waring believes Summerville is in good hands as Touchberr...

SUMMERVILLE — Russ Touchberry will replace Ricky Waring as the town’s new mayor.

Touchberry defeated opponents Dickie Miler and Vickie Fagan with 53 percent of the vote in the Nov. 7 election.

“It’s time to get the work done, and I can’t wait to get the work done,” Touchberry said. “That’s what we’ve been looking forward to.”

Results are unofficial until certified by election officials later this week.

Waring believes Summerville is in good hands as Touchberry prepares to replace him.

“I’ve enjoyed working with him on City Council for the last few years. Russ is a thinker, he concentrates on issues and works well with everybody,” Waring said. “I think he’ll do a great job.”

Touchberry, an engineer, has served on Town Council since 2021.

Tiffany Johnson-Wilson won the District 2 seat for Town Council. She beat opponents Bill McIntosh and incumbent Terry Jenkins with 35 percent of the vote.

“I am just so thankful,” Johnson-Wilson said. “I put my heart and soul into this, and I worked day and night for this, seven days a week.”

Richard Waring, the recently retired fire chief, ran unopposed for the District 4 council seat. Incumbent Bob Jackson ran unopposed in District 6.

NORTH CHARLESTON — To continue efforts to become the Coast Guard’s “operational center of gravity” on the East Coast, officials broke ground Jan. 26 on its new $160 million campus.

This 64-acre site along the Cooper River — just south of the former naval base that closed in 1996 — will house an administration building and redesigned 1,100-foot concrete pier.

Construction is expected to begin later this year and be completed in 2026.

“This Charleston campus will have improved infrastructure that translates into more productive personnel and more efficient operations,” said Capt. Neal Armstrong, the commanding officer of facilities design and construction.

The 51,500-square-foot administration building will provide training and conference room space, and additional rooms dedicated to cutter ship support.

Sustainability is a priority, so the new facility will achieve net-zero energy usage and a net-zero carbon footprint, Armstrong said.

The current Pier November will be replaced with a pier more than three feet taller to enhance durability during coastal storms. It will provide utilities to support five national security cutters and a 90-ton crane, which is critical for dockside maintenance, Armstrong said.

During the design and construction phases nearly 60 subcontractors will support the two main contractors on the project, Whiting-Turner Contracting Company and RQ Construction LLC, providing work for nearly 900 people.

Commandant of the Coast Guard Adm. Linda Fagan, who spoke at the groundbreaking ceremony, said every Coast Guard mission begins and ends at a shore facility. When the ships are not at sea, they need a base that can provide necessary maintenance, she added.

The missions conducted at Base Charleston are vital to protecting national security and economic prosperity, Fagan said, adding that the new campus will aid in “lifesaving work,” including patrolling the waters for smuggled narcotics.

HOT PROPERTIES: NAI closes $4M sale of Summerville restaurant building

NAI Charleston broker Will Sherrod recently facilitated the sale of about 1.3 acres of land and a 5,200-square-foot former restaurant building at the corner of N. Main Street and Azalea Square Boulevard. The property was previously the Mellow Mushroom at the main entrance to the Azalea Square shopping center. It will be redeveloped by the buyer, Woodhaven Development Group LLC.Sherrod represented the seller, Flour-Town Holdings LLC, and Micah Groeber with Atlantic Retai...

NAI Charleston broker Will Sherrod recently facilitated the sale of about 1.3 acres of land and a 5,200-square-foot former restaurant building at the corner of N. Main Street and Azalea Square Boulevard. The property was previously the Mellow Mushroom at the main entrance to the Azalea Square shopping center. It will be redeveloped by the buyer, Woodhaven Development Group LLC.

Sherrod represented the seller, Flour-Town Holdings LLC, and Micah Groeber with Atlantic Retail represented the buyer. The property sold for $4,006,250.

“The real estate along the N. Main Street corridor in Summerville continues to show significant value and demonstrates the demand for well-positioned retail assets in the market,” Sherrod said in an announcement.

Hot Properties highlights recently sold or leased commercial properties in the Charleston region. Send in your transactions using our online form. Other recent commercial real estate transactions include:

Kristen Krause of Coldwell Banker Commercial Atlantic represented the seller in the sale of 2,500 square feet on 1.29 acres of commercial redevelopment space at 1905 Old Trolley Road in Summerville, for $1.5 million. Michael Silverman of TSCG represented the buyer.

Lee & Associates represented the seller in the sale of just under a quarter-acre of land at 56 State St. in downtown Charleston. The property sold for $4,750,000 to SSI Fund Acquisitions LLC.

Kip Bowman and Sara Bodell of Coldwell Banker Commercial Atlantic represented the tenant, Aspen Fencing LLC, in the lease of 4,533 square feet of industrial warehouse space at 4509 Savannah Highway in Ravenel to 1667 Meeting Street LLC. Joseph Teckenburg of CCTRE represented the landlord.

Vitré Ravenel Stephens & Taylor Sekanovich of Harbor Commercial Partners represented the landlord, McDew LLC, in the lease of 1,210 square feet of retail space for Unit E at 5117 Dorchester Road in North Charleston to S. Rochelle Richardson.

Patrick Nealon of Colliers represented JP Morgan in the lease of 3,509 square feet of retail space at 1260 Appling Drive in Mount Pleasant to II Brunettes.

Markus Kastenholz of Colliers represented McNeel Properties in the purchase of 1.5 acres of land at 107 Traders Cross in Bluffton.

Robert Pratt of Re/Max Pro Realty represented the buyer, Dentvestment LLC, in the purchase of 3,337 square feet of medical space at 1709 Old Trolley Road in Summerville from 1709 Old Trolley Road LLC for $1.1 million.

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