With 30 years in the industry

Mortgage Broker in Cocoa Beach, 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 Cocoa Beach, FL, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Cocoa Beach'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 Cocoa Beach, 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 Cocoa Beach, FL
 Refinance Cocoa Beach, FL

Why Choose Dan Crance As Your Mortgage Lender in Cocoa Beach, 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.

Ask Dan Anything843-478-5612
 Conventional Mortgage Cocoa Beach, FL

Home Financing in Cocoa Beach, 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 Cocoa Beach, 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 Cocoa Beach, Dan Crance will help you choose the home loan, interest rate, term options, and payment plans that fit your unique situation.

 FHA Mortgages Cocoa Beach, 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.
Ask Dan Anything843-478-5612

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 Cocoa Beach, FL.

Refinancing in
Cocoa Beach, 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 Cocoa Beach, 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 Cocoa Beach, 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 Cocoa Beach, 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 Cocoa Beach, 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 Cocoa Beach 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 Cocoa Beach, FL

Trust Dan Crance

Your Mortgage Lender in Cocoa Beach, 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 Cocoa Beach loves Classic Home Mortgage.

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Latest News in Cocoa Beach, FL

Banana River Aquatic Preserve

ImageBanana River Aquatic Preserve is located in north central Brevard County, separating Merritt Island on the west and the beach barrier island on the east. The surface water area of the aquatic preserve is approximately 30,000 acres. The aquatic preserve begins at State Road 528 (Bennett Causeway), extends almost to the southern tip of Merritt Island, and includes Newfound Harbor and Sykes Creek as far north as Hall Road. There is no visitor center in the area or official trails managed by Indian River Lagoon Aquatic Preserves....

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Banana River Aquatic Preserve is located in north central Brevard County, separating Merritt Island on the west and the beach barrier island on the east. The surface water area of the aquatic preserve is approximately 30,000 acres. The aquatic preserve begins at State Road 528 (Bennett Causeway), extends almost to the southern tip of Merritt Island, and includes Newfound Harbor and Sykes Creek as far north as Hall Road. There is no visitor center in the area or official trails managed by Indian River Lagoon Aquatic Preserves.

The incorporated cities bordering the aquatic preserve are Cape Canaveral, Cocoa Beach, Satellite Beach and Indian Harbor Beach, north to south respectively. In addition, Patrick Air Force Base lies along the Banana River Lagoon between Cocoa Beach and Satellite Beach.

The aquatic preserve is accessible from the east by U.S. Highway A1A and from the west by State Road 3. Numerous parks and boat ramps provide direct public access to the aquatic preserve. Please check the Brevard County Parks and Recreation website for parks and the FWC Boat Ramp Finder for ramps.

The northern Banana River has been the most important spring habitat (300 to 500 individuals/survey day) for the east coast population of manatees, and large numbers of manatees use the Banana River almost year-round. In addition, the Banana River supports the largest pelican rookery on the Atlantic Coast, a significant population of alligators and diamondback terrapin turtles.

The Indian River Lagoon Aquatic Preserves are a proud partner of the Leave No Trace Center for Outdoor Ethics and were selected as a 2017 and 2018 Leave No Trace Hot Spot. To learn more about Leave No Trace in the Indian River Lagoon contact Matthew Anderson, 772-448-5930.

The Indian River Lagoon Aquatic Preserves provide a variety of volunteer opportunities from projects in ecosystem science, restoration and spoil island activities. Volunteers help with activities such as wildlife monitoring, annual seagrass monitoring or microplastic sampling. The Shoreline Restoration Project enables volunteers to get involved in shoreline stabilization through native plantings. On spoil islands, volunteers take a hand in improving visitor access through activities such as invasive plant removal or installing picnic tables, fire rings or human waste bag dispensers. For more information, please contact our office at IRLAP@FloridaDEP.gov or call 772-448-5930.

For other opportunities to help preserve the Indian River Lagoon and surrounding aquatic preserves, consider joining the Friends of the Spoil Islands.

Counties

Brevard

Great white shark pings off Cocoa Beach, Florida in time for Friday the 13th SpaceX launch

A 10-foot great white shark surfaced off the Space Coast of Florida in what could be considered a prime viewing area for a planned Friday, ...

A 10-foot great white shark surfaced off the Space Coast of Florida in what could be considered a prime viewing area for a planned Friday, Dec. 13 SpaceX launch.

The shark, nicknamed Penny by the OCEARCH scientist who tagged her, pinged southeast of Cocoa Beach at 9:48 a.m. Thursday, Dec. 12.

The satellite tag attached to Penny's dorsal fin emitted a ping with location information when it broke the water's surface and sent it to the OCEARCH tracker.

It's Penny's second ping off Florida's east coast this month. The animal surfaced off Amelia Island on Dec. 3, the first ping of her current overwintering journey around Florida.

North Atlantic great white sharks spend summers up North and migrate south to spend winter in warmer waters with more abundant food sources, including around Florida and the Gulf of Mexico.

Penny left the Gulf of Lawrence near the Canadian province of New Brunswick on Oct. 6 and headed for the North Atlantic Ocean, then south to Florida where she first pinged off Amelia Island on Dec. 3.

During Penny's last overwintering in Florida, the shark pinged around Florida numerous times, including:

Here's what to know about Penny, OCEARCH and sharks in Florida:

What to know about OCEARCH great white shark Penny

Penny, a female juvenile great white shark, measured 10 feet 3 inches and weighed 522 pounds when it was tagged on April 23, 2023, off Ocracoke, North Carolina.

The shark has traveled 8,977 miles since then.

Penny was the 92nd white shark tagged by OCEARCH in the Western North Atlantic and named after the group's friends at Salty Penny Canvas in Morehead City, North Carolina.

How many sharks does OCEARCH track?

As of Dec. 11, 2024, according to the OCEARCH shark tracker, the group has tagged 373 sharks, with great white sharks leading the pack:

The group has also tagged alligators, dolphins, seals, swordfish and turtles.

What does OCEARCH do for great white sharks?

OCEARCH is a nonprofit research organization studying the ocean's giants.

The group studies keystone species, including great white sharks, essential for the health of the oceans.

"At OCEARCH, we’re on a mission to solve the Global White Shark Puzzle. There are nine populations of white sharks across the globe and OCEARCH’s goal is to assist regional scientists to better understand the life of the white shark in each of these populations," the group's website states.

During the expeditions, researchers collected previously unattainable data on the animals' migrations, reproductive cycle, genetic status, diet, abundance, and more.

"If we lose the apex predator (sharks) then we lose all our fish and then there are no fish sandwiches for our grandchildren," OCEARCH founder Chris Fischer told the Courier Journal. "That's oversimplified, of course, but the idea is important because many shark species are threatened by overfishing and a demand for shark fins in Asia. Their dwindling numbers jeopardize ocean habitats."

Are there great white sharks around Florida?

Yes. Great white sharks migrate south when the water gets cold and food sources become scarce up North, according to OCEARCH chief scientist Dr. Bob Hueter.

Think of them as the snowbirds of sharks.

Most of them tend to stay away from the beaches in continental shelf waters, Hueter said.

Great white shark facts

Here are some things to know about white sharks, according to NOAA Fisheries:

5 shark attacks in Florida during summer 2024

Florida saw several shark bites this summer:

Most shark attacks happen in Florida

There were 69 documented unprovoked shark attacks around the globe in 2023, according to International Shark Attack File.

The U.S. led the world with 36 attacks and Florida again was the state with the most bites at 16, none of which were fatal.

A great white shark has not been identified in a Florida shark bite since 1926.

U.S. shark attacks in 2023:

While the U.S. has the most attacks, South Africa has the most shark-related fatalities.

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Cocoa Beach Air Show returning to shoreline in July; performers to be announced later

The popular Cocoa Beach Air Show will return on July 12-13, bringing an array of military and civilian aircraft to the barrier island city's oceanfront.The Air Dot Show Tour announced the Cocoa Beach weekend event as part of its eight-city entertainment lineup for 2025. The company last organized the Cocoa Beach Air Show in April 2023, with the U.S. Air Force Thunderbirds headlining that aerobatic lineup a...

The popular Cocoa Beach Air Show will return on July 12-13, bringing an array of military and civilian aircraft to the barrier island city's oceanfront.

The Air Dot Show Tour announced the Cocoa Beach weekend event as part of its eight-city entertainment lineup for 2025. The company last organized the Cocoa Beach Air Show in April 2023, with the U.S. Air Force Thunderbirds headlining that aerobatic lineup and helping attract tens of thousands of spectators.

"It's always a great venue, right along the waterfront there. We're excited to be returning to Cocoa Beach, that's for sure," said Chris Dirato, air show spokesperson.

No details have been released yet on performers and participants in the upcoming July air show. Dirato said periodic announcements will occur after the new year.

Rocket photography:FLORIDA TODAY's 2025 Space Launch Calendar is here

The Air Dot Show Tour includes two other Florida shows: Fort Lauderdale Beach on May 3-4 and Orlando Sanford International Airport from Oct. 25-26.

“Air Dot Show Tour events appeal to a diverse audience far beyond just aviation enthusiasts, encompassing destination travelers, families, thrill seekers, and people of all ages," CEO Bryan Lilley said in a press release, adding the event fuses "outdoor festival vibes" with "high-flying aviation."

Messages seeking comment about the Cocoa Beach Air Show were left for Lilley, who is attending the annual International Council of Air Shows convention in Las Vegas.

The prime air show viewing area typically extends along the beach from Westgate Cocoa Beach Pier southward to Minutemen Causeway.

During the 2023 Cocoa Beach Air Show, Melbourne native and Florida Institute of Technology graduate U.S. Air Force Capt. Lindsay "Mad" Johnson commanded and piloted the A-10C Thunderbolt II Demonstration Team.

Rick Neale is a Space Reporter at FLORIDA TODAY. Contact Neale atRneale@floridatoday.com. Twitter/X: @RickNeale1

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This Iconic Holiday Event in Florida is the One Thing You Must Do This Season

Grab your Santa hat, sunblock, and surfboard, and make your way to Florida's Space Coast! There, you can join hundreds of other Santas surfing Atlantic waves while a cast of elves, reindeer, snowmen, and gingerbread people cheer you on from the sunny shores. This is not some strange Christmas-Spring Break fever dream but the actual scene for Surfing Santas in ...

Grab your Santa hat, sunblock, and surfboard, and make your way to Florida's Space Coast! There, you can join hundreds of other Santas surfing Atlantic waves while a cast of elves, reindeer, snowmen, and gingerbread people cheer you on from the sunny shores. This is not some strange Christmas-Spring Break fever dream but the actual scene for Surfing Santas in Cocoa Beach, Florida, an event that's grown into a global phenomenon and raised over $300,000 for charities since it began back in 2009.

Since its humble beginnings as a small affair founded by resident George Trosset and his family, Surfing Santas Cocoa Beach now attracts thousands of participants and spectators from near and far, all in the name of holiday fun and giving back to the community.

Held annually on December 24th from 7:30 a.m. to 12 p.m. at 3 Minutemen Causeway Beach in Cocoa Beach, the event is free to attend. Whether you're eager to don your best Santa wetsuit and catch a wave or prefer to watch the spectacle from the warm sands, there's no better way to kick off your holiday beachside.

This year marks the 16th anniversary of Surfing Santas Cocoa Beach, and with it comes a costume contest to add even more fun to the day's festivities. Participants of all ages are encouraged to dress up in their favorite winter-themed outfits, with categories ranging from babies to groups and men to women. Be sure to arrive on time, as the contest commences at 8:30 a.m., followed by Santa surfing out at 10 a.m. Showcase your creativity for a chance to snag a prize.

Beyond the frivolity and fun, Surfing Santas Cocoa Beach helps charitable organizations through Surfing Santas Swag sales. Two nonprofits most directly involved in the event are the Florida Surf Museum, which preserves and documents the history and culture of Florida surfing, and Grind for Life, which provides financial assistance to cancer patients and their families to help with travel expenses while seeking treatment and care.

Trosset says he's excited to have another nonprofit involved this year, Who We Play For (WWPF), a Melbourne, Florida-based organization that aims to prevent sudden cardiac death in young people by advocating for affordable heart screenings, AEDs and honoring the lives of kids we have lost from sudden cardiac arrest.

At this year's Surfing Santas Cocoa Beach, WWPF will attempt to break the world record for the largest CPR/AED training. To do that, the organization will offer CPR/AED classes every 30 minutes throughout the entire event.

Trosset added that Surfing Santas will also attempt for a second time to do a paddle out honoring the life of Jimmy Buffett following the main event. High waves prevented the group from doing their planned paddle out at last year's event following Buffett's passing in September 2023.

As you make plans for this year's Christmas Eve festivities, consider joining this enduring tradition of Surfing Santas Cocoa Beach. Beyond the unforgettable sights and lighthearted fun, you'll be part of a bigger effort to support the local community and make an impact far beyond it.

If you are looking for a place to stay, consider the Hilton Cocoa Beach Oceanfront, just less than two miles north of the event site.

You can get the full schedule of events on the Surfing Santas website and see the latest news and updates on the Surfing Santas of Cocoa Beach Facebook page.

Let us know if you go to this iconic Florida holiday event! We would love to hear all about your time in Cocoa Beach surfing with the Santas.

Cocoa Beach's Area 142 remains closed amid legal dispute between business partners and eviction

Cocoa Beach's Area 142 remains closed amid legal dispute between business partners, as well as an eviction filing against both by the landowner.In one court filing, t...

Cocoa Beach's Area 142 remains closed amid legal dispute between business partners, as well as an eviction filing against both by the landowner.

In one court filing, the situation is described as a "chaotic" and "messy business divorce" that has become further confused by claims and counterclaims by owners, Edward Rose and the other partners in Cows in Space, LLC: Ryan D'Amato, James Morrone, and Marco Kozlowski.

While the owners of the business are tied up in a legal dispute with each other, the property's owner, Giuseppe Conoscenti, has filed to evict the business from 142 Minuteman Causeway, alleging failure to pay rent and other violations of the lease agreement. Conoscenti's filing claims that the tenants failed to pay the rent for October of this year and removed all of their equipment and fixtures from the building, which served as collateral, going against the lease stipulations.

Because the lease agreement went through the year 2030, the business owners may be legally obligated to pay the full amount, which totals over $1.2 million.

Area 142 opened in December of 2022 and quickly became a spectacle in downtown Cocoa Beach with a large open space that could be used for outdoor concerts and a rooftop bar, all themed after UFOs and extraterrestrials. In September of 2023, the bar paused its live music events while then sole owner Eddie Rose took on new business partners in attempt to grow the business further.

Closed since last month, it's future is now in question.

Rose and those new business partners both dispute who are the rightful owners of the bar. "I brought in partners last September. They were gonna come in and take care of everything. But they did absolutely nothing and they failed tremendously," Rose said. "So I took it back over in March, building it back up to where it was."

"They then came in and claimed they still own the company," he added.

Rose's partners could not be reached for comment as of Friday afternoon. Phone calls to Area 142's listed number are sent directly to a voicemail box that is full.

In a court filing, Rose's partners has alleged that Rose was fired from their company, Cows in Space LLC, in September but was subsequently able to make unauthorized withdrawals of over $140,000 from company accounts, transferring that money to himself.

As part of the litigation against Rose, documents show he signed a separation agreement with Cows in Space in September.

Rose has vehemently denied the claims made in the lawsuit.

After Rose was let go from the business, which he claims was illegitimate, he changed the locks on the building as a way to maintain ownership. D'Amato, a partner in Cows in Space, then changed the locks back.

"The only people hurt by this thing are the building owner and the city while it's closed," Rose claims. "They came in and destroyed it."

Cocoa Beach mayor Keith Capizzi said that whatever may be happening with the venue, which had become a popular hub in the bar and restaurant industry downtown, was unfortunate for the city.

"I'd love to see it open and thriving. It was a great place for people to hang out and have fun," Capizzi said.

"It's unfortunate that whatever happened has happened," he added. "A lot of people including locals enjoyed themselves there."

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