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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 Cayce, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Cayce'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 Cayce, 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 Cayce, SC
 Refinance Cayce, SC

Why Choose Dan Crance As Your Mortgage Lender in Cayce, SC?

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 Cayce, SC

Home Financing in Cayce, SC

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 Cayce, 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 Cayce, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Cayce, SC

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 Cayce, SC.

Refinancing in
Cayce, SC

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 Cayce, SC - 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 Cayce, SC
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 Cayce, SC

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 Cayce, SC, 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 Cayce 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 Cayce, SC

Trust Dan Crance

Your Mortgage Lender in Cayce, SC

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 Cayce loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Cayce, SC

Cayce house vacant for years has been deemed unlivable. Why won’t the city tear it down?

The 1950s red brick house on the corner of Prentiss and Orchard streets in Cayce has been empty for half a decade.The windows are boarded, the door is sealed tight. A bright yellow placard declares ...

The 1950s red brick house on the corner of Prentiss and Orchard streets in Cayce has been empty for half a decade.

The windows are boarded, the door is sealed tight. A bright yellow placard declares “CONDEMNED. DANGER,” to passersby.

Cayce officials deemed the home unlivable in 2018, but the city has no plans to demolish the structure. Despite complaints from at least one neighbor who says the house is creating pest problems, officials say there’s little they can do.

There are vacant properties across the small town of Cayce in similar states. Why are they still standing?

The house on the corner has been a topic of conversation for at least as long as Anna Percival has lived in the neighborhood, since 2017.

She expected something to happen to the house when the city became involved in 2018, but in her view, very little has been done to maintain the property. She’s had to deal with rat problems, and she watches feral cats laze on the home’s roof and porch. Percival said she’s spent roughly $7,000 on repairs to her own home caused by the pest problems she believes stem from the empty house.

“Every time I have a rat issue or any big bug problem, all the pest control companies, especially the one that I trust, tells me as long as that house is next door breeding rats and feral cats and mosquitoes and things of that nature, (I’m) going to continue to have issues,” Percival said.

She’d like to see the house demolished or repaired.

But Cayce officials say the house is already in compliance with city code and there’s nothing more they can do about it.

The Prentiss Street house could use a coat of paint. There’s some debris on the porch, and at least one window appears broken. But the structure is stable, explained Cayce building official Stuart Jones.

When code enforcement initially learned of the Prentiss Street house in 2018, they kicked off the same process used anytime a vacant home is discovered out of code in the city.

The property owner, in this case Ronald Capps, according to property records, was notified and given 60 days to bring the home back into compliance. In Cayce, there are three ways to do that: 1. Repair the house. 2. Secure the house. 3. Demolish the house.

Capps chose option two, according to Cayce officials. In addition to securing the property by boarding the doors and windows, the property owner maintains the yard to keep that in compliance as well.

“They can keep it that way in perpetuity, really,” Jones said, as long as it stays structurally sound.

Capps did not respond to a request for comment from The State.

Now that the home has been secured and doesn’t violate city code, the matter is out of the city’s hands, said Cayce city manager Tracy Hegler.

As for the pests, officials said the problem is one of jurisdiction.

“We live in a state that has very strong property rights,” said assistant city manager Michael Conley. “I can go to this guy and go, ‘Hey, you have a pest problem.’ He’s going to go, ‘So, it’s not your problem,’ and it’s not. There’s nothing I can do about it.”

The city can act on a pest problem when the house is occupied because there are clauses in state law that require certain health and safety standards for human habitation. But because the home is vacant and has already been deemed unlivable, the city doesn’t have the jurisdiction to investigate, officials agreed, adding that concerned neighbors should contact the homeowner directly.

Hegler added that there isn’t clear evidence that the vacant home is the source of the pests.

Percival has gotten this response as well, but she says she doesn’t know the homeowner and has never seen him.

“I feel like that’s something that the city should be taking care of. I don’t think I should even have to touch that issue,” Percival said.

The Prentiss Street house is not unique. It’s typical that when a vacant Cayce property falls out of code, property owners usually opt to secure the home, rather than repair or demolish it.

Officials couldn’t provide exact numbers Friday but said they typically only demolish one house a year, if that. Most of the time, the homeowner addresses the problem. The city did not readily have a list of those vacant homes Friday, but officials said they do keep track of them.

Jones, the building official, said he doesn’t believe vacant houses are a widespread problem in Cayce and doesn’t believe there are particularly blighted areas.

Houses that are left vacant are also still monitored by the city, and the homeowner will get notified if the property does fall out of code, Jones said.

There’s also a reason that demolition of vacant homes is so uncommon.

It will take a minimum of four months to get to the point where a problem property can be razed, Jones said, but often it takes much longer. The process can be slowed by homeowner appeals and ownership changes, among other red tape.

Sometimes the property owner will demolish the house themselves. If the city has to do it, it will issue a lien against the property, but there’s no guarantee the city will get that money back, Hegler said.

Hegler added there may be things the city can do to make the process more easily understood by residents. For example, the language on the sign affixed to the Prentiss Street property uses the word “condemned,” but the house isn’t actually condemned. By the city’s view, it’s vacant but in compliance, and it hasn’t been abandoned.

Jones added that if residents see a home in their neighborhood they believe is not in line with city code, they should contact Cayce code enforcement at 803-739-5361.

This story was originally published August 19, 2023, 5:30 AM.

Dominion Energy signs deal to potentially sell Cayce headquarters

Dominion Energy continues to make moves to potentially sell its Cayce headquarters.The utility company has signed a potential sale agreement with Columbia-based developer Bill Stern for the sprawling complex, which sits on a 12-acre lot at 601 Taylor Rd.The Cayce headquarters consists of five interconnected buildings with enough space for more than a thousand employees.The facility was built in 2009, according to Lexington County’s Department of Economic Development, with Dominion moving in at the end of a leasing ...

Dominion Energy continues to make moves to potentially sell its Cayce headquarters.

The utility company has signed a potential sale agreement with Columbia-based developer Bill Stern for the sprawling complex, which sits on a 12-acre lot at 601 Taylor Rd.

The Cayce headquarters consists of five interconnected buildings with enough space for more than a thousand employees.

The facility was built in 2009, according to Lexington County’s Department of Economic Development, with Dominion moving in at the end of a leasing agreement for its previous office space in downtown Columbia.

Dominion hasn’t announced plans for relocation. Rhonda O’Banion, the company’s director of media relations, said the company plans to continue its presence in Cayce.

“Dominion Energy is committed to maintaining a strong company presence in Cayce,” O’Banion said. “We continue to assess ways to operate even more efficiently, and this includes the potential for consolidating occupancy of our facilities on the 12th Street corridor if it is in the best interest of our customers and employees. Our focus remains on providing safe, reliable, affordable and increasingly clean energy while enhancing the communities we serve.”

The utility company continues to deal with repercussions from its predecessor’s financial crisis in 2017 stemming from a failed nuclear energy project at the V.C. Summer nuclear site in Fairfield County. The $9 billion expansion failed after delays and cost overruns.

Dominion purchased SCANA and South Carolina Electricity & Gas almost three years later, an acquisition valued at $14 billion.

The merger between Dominion and SCE&G also involved a reduction in the company's workforce. It’s unclear how many employees currently work in the Cayce headquarters.

The utility company, based out of Richmond, V.A., has been trying to rent out part of its property for more than a year with no success.

Dominion declined to comment on the reason for this sale.

A representative for the City of Cayce, which has a population of about 14,000 and sits across the Congaree River from Columbia, said the impact of the sale on the municipality is uncertain, as no plans have been filed.

According to the county’s economic development department, the city provides water and wastewater services for the property.

The office complex sits off the 12th Street Extension, across the street from Cayce Elementary School, Busbee Middle School and the Lexington 2 Innovation Center. Along with the nearby CMC Steel in Cayce and the county’s Saxe Gotha Industrial Park, which sits just down the road outside the city limits and includes such looming local industries as an Amazon fulfillment center and Nephron Pharmaceuticals, Dominion’s headquarters helps form a substantial industrial corridor in and around Cayce.

Stern, the developer who signed onto the sale agreement with Dominion, didn’t respond to the Chronicle’s requests for comment.

SC school board member will challenge Cayce mayor in November election

With filing about to open this month for November’s election, voters in Cayce already know they’re going to have a choice to make for the city’s next mayor.Elise Partin, who has be...

With filing about to open this month for November’s election, voters in Cayce already know they’re going to have a choice to make for the city’s next mayor.

Elise Partin, who has been Cayce’s mayor since 2008, is running for another term in the city’s top office on Nov. 7. Also running for the mayor’s office is Lexington 2 school board member and lifelong Cayce resident Abbott “Tre” Bray.

In a statement announcing her candidacy, Partin touts a record of keeping taxes down and quality of life high, with an emphasis on government responsiveness and customer service. The city recently won a $10 million state grant for stormwater improvement, and Partin was named public servant of the year in 2019 by the Greater Columbia Chamber of Commerce.

“Under Partin’s steady leadership, City services have continued to be modernized and are more cost effective,” the media release from the Partin campaign says. “By reversing the City’s credit to an excellent rating (it was poor before her tenure), Partin and City staff were able to get a low-interest loan via the State of S.C. to replace and upgrade 75% of the city’s water lines in 2017 — a massive public works project.”

She will face Bray, a graduate of Brookland-Cayce High School who deployed to Iraq with the S.C. National Guard. He now manages a contract for the Department of Defense providing risk reduction services and prevention training to the Army and Air National Guard. He has served on the Lexington 2 school board since 2020.

“I know first-hand what it’s like to grow up in the Cayce community, one with charm and character like no other,” Bray said in a statement announcing his candidacy. “With the right leadership, we can ensure that Cayce grows responsibly and sustainably. I want Cayce to remain an incredible place to live, work, and raise a family for generations to come.”

Races for public office in Cayce are nonpartisan.

Cayce voters will not only chose a mayor for a new four-year term in November but also two of four city council members. Many other municipalities will also hold local elections this fall.

Filing for local offices in Lexington County opens Aug. 16 and closes Aug. 30.

How Cayce's district lines could soon be changing

According to South Carolina's Revenue and Fiscal Affairs Office, Cayce's population is growing at a fast rate, requiring changes to the city's district lines.CAYCE, S.C. — Cayce city leaders heard a proposal to change the city's district lines and approved the second reading of the city's budget on Wednesday.Despite a downpour outside, a small crowd filled the City of Cayce municipal building Wednesday. On th...

According to South Carolina's Revenue and Fiscal Affairs Office, Cayce's population is growing at a fast rate, requiring changes to the city's district lines.

CAYCE, S.C. — Cayce city leaders heard a proposal to change the city's district lines and approved the second reading of the city's budget on Wednesday.

Despite a downpour outside, a small crowd filled the City of Cayce municipal building Wednesday. On the docket, a change to the city's district lines. The city manager-presentation was given by Adam DeMars, with the South Carolina Revenue and Fiscal Affairs Office. He says that based on 2020 census data, the city saw a 10% increase in population - according to his presentation, there were hundreds more voters in district one than the other districts.

In an attempt to level the playing field, his office proposed a map, pictured below, that changes the area for all four districts. While district one had the most population, it's proposed to gain some space in district two. District two is planned to gain some area from three and four, while also giving some area to district three. A copy of the map and more details can be found on page 104 of this agenda.

Credit: WLTX

Cayce city manger Tracy Hegler says its a good sign, especially an expanding population.

"So you want to make sure you have equal representation in every district, they call it the 'one vote, one person'. Often what happens in ten years is people move around, one district may grow, another may lose population."

Residents we spoke to are skeptical but hopeful for the changes, including Byron Gray, who lives in district two currently, but is proposed to switch to district three.

"If we get a little bit better representation, and not feel like we're forgotten over here in this area, if that'll effect it, I'm all for it."

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Also on the agenda for Wednesday's meeting was the second reading of the city's budget for next year. City manager Hegler says it passed second reading without any increases to taxes, or millage rates. She adds in the original budget, there was a proposed 2 dollar per month increase to a sanitation tax, but after a request from council, that has been avoided.

"We go after grants to supplement that so we have a good track record of finding non tax and non fee-related to provide the services that we we provide"

Cayce's next meeting is July 10th.

Opening date circled for long-awaited Little Bee Bun Mee restaurant near Columbia

The Bee is almost ready to buzz.Little Bee Bun Mee, a new restaurant that will specialize Vietnamese banh mi sandwiches and more, announced Monday that it will officially open at 11 a.m. Tuesday, Ju...

The Bee is almost ready to buzz.

Little Bee Bun Mee, a new restaurant that will specialize Vietnamese banh mi sandwiches and more, announced Monday that it will officially open at 11 a.m. Tuesday, July 11. It is located at 904 Knox Abbott Drive in Cayce.

The banh mi restaurant is the latest effort from owners Chris and Noi Souvanna, who have operated Duke’s Pad Thai restaurant in Cayce for the last several years. Little Bee Bun Mee is located right next door to Duke’s, and the owners said there will be an “open dining concept” between the two restaurants, where customers can choose from cuisine from either establishment in the same building.

“We wanted to continue to add more cultural dining to Cayce through one of our favorite dishes, banh mi sandwiches,” Noi Souvanna said in a statement. “The last few years have been a whirlwind, surviving a pandemic, raising two boys and running a successful business; we all just felt like busy bees which led us to naming Little Bee. Our passion for fast-casual food fuels the other busy bees out there to have a family-made meal and get on their way to their busy lives.”

Little Bee Bun Mee will focus on banh mi sandwiches, a type of Vietnamese sandwich typically built on a baguette. The sandwiches have continued to gain popularity in the U.S. in recent years. Little Bee also will have sushi, tacos, tea fusion drinks, poke bowls and more.

While it officially opens July 11, Little Bee has quietly had some soft opening activities recently, which the restaurant referred to on social media as “testing recipes” and “finalizing the menu.” A reporter from The State stopped in during one of the soft opening moments and tried the bulgogi cheesesteak sandwich, which came with Korean-style marinated beef, cilantro, cheese, Kimchi sauce and spicy mayo.

Little Bee has been long-awaited in Cayce. A sign touting the restaurant has been up on the building since last year, along with a neon, play-on-words sign in the window that implores customers to “Show Us Your Bunz.”

Banh mi seems to be having a moment in the Columbia area. Aside from Little Bee Bun Mee, two other banh mi restaurants — Banh Mi Boys in the Olympia neighborhood and Paris Banh Mi in northeast Columbia — have plans to open.


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