With 30 years in the industry

Mortgage Broker in Columbia, SC

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

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

Why Choose Dan Crance As Your Mortgage Lender in Columbia, 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.

Ask Dan Anything843-478-5612
 Conventional Mortgage Columbia, SC

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

 FHA Mortgages Columbia, 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.
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 Columbia, SC.

Refinancing in
Columbia, 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 Columbia, 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 Columbia, 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 Columbia, 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 Columbia, 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 Columbia 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 Columbia, SC

Trust Dan Crance

Your Mortgage Lender in Columbia, 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 Columbia loves Classic Home Mortgage.

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Latest News in Columbia, SC

SC man stole more than $44,000 from nonprofit and spent it on himself, SLED says

A Columbia man was arrested for stealing more than $44,000 from the nonprofit organization where he used to be the executive director, according to the South Carolina Law Enforcement Division.Darrel President Sr., 56, was charged with breach of trust with fraudulent intent ($10,000 or more) on Oct. 16, SLED said in a news release.Between May 19, 2023 and Feb. 29, 2024, Presid...

A Columbia man was arrested for stealing more than $44,000 from the nonprofit organization where he used to be the executive director, according to the South Carolina Law Enforcement Division.

Darrel President Sr., 56, was charged with breach of trust with fraudulent intent ($10,000 or more) on Oct. 16, SLED said in a news release.

Between May 19, 2023 and Feb. 29, 2024, President took funds from Greenbrier Resource Community Development Center and spent the money on “his personal enrichment,” according to an arrest warrant and affidavit shared by SLED.

“Darrel President did knowingly, willingly and without the the lawful authority to do so, take, steal or convert to his ownership, more than $10,000 from Greenbrier Resource Community Development Center where he was an authorized signer on the bank account for (the nonprofit organization) and in a position of financial trust,” an arrest warrant said.

The money — approximately $44,220 — was taken after the nonprofit had received $100,000 in state funded grants to build a community center in Fairfield County, the affidavit said.

President withdrew the money from the nonprofit’s bank account without the approval or knowledge of the organization’s board members, according to the affidavit.

There was no word about what personal items President bought with the stolen money, or if all of it was spent.

When President was questioned by the nonprofit’s board members he admitted to withdrawing the money and agreed to repay the funds, according to the affidavit.

“President began making payments back for the funds fraudulently withdrawn in June 2024,” the affidavit said.

SLED said President was booked into the Fairfield County Detention Center. Information about President’s bond was not available.

President will be prosecuted by the 6th Circuit Solicitor’s Office.

If convicted on the felony charge, President maximum punishment of 10 years in prison, according to South Carolina law.

In 2018 and again in 2022, President unsuccessfully ran for a seat on the Richland 2 school board.

In a breaking news situation, facts can be unclear and the situation may still be developing. The State is trying to get important information to the public as quickly and accurately as possible. This story will be updated as more information becomes available, and some information in this story may change as the facts become clearer. Refresh this page later for more updated information.

Beloved Columbia gallerist amassed one of SC's largest contemporary art collections. See it now

When Wim Roefs, the longtime owner of if ART gallery in Columbia’s Vista and a founding board member for the 701 Center for Contemporary Art, passed away suddenly in the spring of 2022, it was an incalculable loss for the arts scene, both local and at-large.In his three decades of work, Roefs was an ardent supp...

When Wim Roefs, the longtime owner of if ART gallery in Columbia’s Vista and a founding board member for the 701 Center for Contemporary Art, passed away suddenly in the spring of 2022, it was an incalculable loss for the arts scene, both local and at-large.

In his three decades of work, Roefs was an ardent supporter and champion of visual and performing arts on a local, regional, national and international level, creating a vast network of artists and colleagues that spanned two continents and consistently pushed the boundaries and standards of what was possible in a place like Columbia.

“Eye to Eye: the Roefs-Waddell Collection Exhibit” is in some ways a tribute to that legacy, a private mirroring of the visual arts he promoted and made space for in the public community.

But that’s not exactly right, according to Eileen Waddell, his wife of nearly 30 years who built this private collection. It's a personal tapestry of a life spent together, too, Waddell said of the collection.

By some estimates, theirs is among the largest private collections in the state. It was started in 1996, when they moved in together.

“I can walk from piece to piece and kind of remember when I got it, maybe even how much I paid for it, but (definitely) the circumstances of the purchase and where it’s been in my house,” Waddell said of the art that will be on display from Oct. 24 through the end of the year.

For Waddell, the collection is as much an idiosyncratic story of arts collecting as it is a statement about Roefs' public role as a volunteer and gallery owner.

Waddell recalled how they bought that first piece in 1996, but how another from the same collection kept haunting them. They contacted the artist, Mike Williams, saying, "'Hey, do you still have that? Because we can't get it out of our heads,'" Waddell recalled.

"That's often how collecting starts, with a spark, something that sticks in your head.”

The couple ended up with a great many pieces by Williams, a Sumter native and University of South Carolina alum who has had a prolific, internationally renowned career. Waddell cites Williams — along with fellow South Carolina native and Batik artist Leo Twiggs and Dutch figurative artist Kees Salentijn — as a favorite among the collection.

Other familiar artists the two loved include local luminaries like Tyrone Geter, Laura Spong, Peter Lenzo, Mary Robinson, Anna Redwine, Michaela Pilar Brown and Virginia Scotchie.

While she recognizes the ways in which the collection speaks to Roefs’ public role in promoting the arts, her story of the exhibit is deeply personal, encompassing their shared love of art — “our taste overlapped by 80, 90 percent."

Building the collection also gave the couple an experience of connecting with artists they loved personally and directly, as well as their evolution from budget-minded collectors to expanding it with three-dimensional works over the years.

Harriett Green, one of the founders of 701CCA alongside Roefs, helped curate the exhibition with Waddell. She said the late gallerist would always discuss opening his home for art tours, but the idea never came to fruition during his lifetime.

“Their collection is legendary in some art circles, and for them a source of pride and accomplishment,” said Green. “There are many different styles and equally many different media represented. I wouldn't describe it as a particularly focused collection, but rather an encyclopedic one that provides a snapshot of many major contemporary art movements.”

This includes an unusual blend of artists from both Europe and the United States. Roefs was born and grew up in the Netherlands, so many Dutch artists, in particular, are featured in the collection.

“(Roefs) had an artistic sensibility that was different than most Americans, and there were different movements that happened in Europe that didn’t take as well here,” explains Waddell.

She also loves how their collection is idiosyncratic in other ways. The collection holds a bevy of less-prominent pieces by famous names, acquired by the couple visiting artist studios and scouring through archives.

“We have a lot of things in the collection that might sit in a gallery somewhere for decades and never sell, but they fit our taste,” Waddell pointed out.

The collection is, in many ways, the story of the life they shared with each other, complete with a set of rules and guidelines for how they acquired pieces and where they would go in their home.

“You don’t realize that you’re amassing a body of work because what you’re doing is just making your environment look better,” she said.

“You are what you collect, and you collect what you are, and it shows.”

“Eye to Eye: the Roefs-Waddell Collection Exhibit” is on display at 701 CCA until year's end. Gallery hours and more information at 701cca.org

Well-traveled highway exit in Columbia closed for construction, SC officials say

Another step has been taken in the Carolina Crossroads Project to improve the traffic flow in the area of Columbia known as Malfunction Junction.A well-traveled exit ramp on the westbound side of Interstate 126 was temporarily closed, according to the South Carolina Department of Transportation. The ...

Another step has been taken in the Carolina Crossroads Project to improve the traffic flow in the area of Columbia known as Malfunction Junction.

A well-traveled exit ramp on the westbound side of Interstate 126 was temporarily closed, according to the South Carolina Department of Transportation. The I-126 westbound off-ramp to Colonial Life Boulevard was closed for construction, SCDOT said Thursday in a news release.

Specific information about the road work was not available.

The closure is expected to last until Nov. 1, according to the release.

As part of this closure a detour has been put in place.

Drivers will be detoured using the Greystone Boulevard/Riverbanks Zoo interchange at I-126. The detour will take drivers first to Broad River Road then to Bush River Road, where they can reconnect with Colonial Life Boulevard, according to SCDOT.

“SCDOT asks that drivers slow down and pay attention to signs and crews when driving through the work zone,” the release said.

This move is one of many that are part of the Carolina Crossroads Project, to improve traffic in the area near the line between Richland and Lexington counties where there’s a junction for I-126, Interstate 26 and Interstate 20.

In September, the I-26 eastbound off-ramp to Bush River Road was permanently closed. The final closure of the I-26 westbound off-ramp to Bush River Road will take place early next year, SCDOT said.

Anyone seeking more information about the closures and updates, can go to the project webpage, or call 800-601-8715.

In a breaking news situation, facts can be unclear and the situation may still be developing. The State is trying to get important information to the public as quickly and accurately as possible. This story will be updated as more information becomes available, and some information in this story may change as the facts become clearer. Refresh this page later for more updated information.

National outdoor apparel store opens new location in this trendy Columbia shopping center

A company that has outdoor apparel stores nationwide has opened a new spot in a trendy Columbia shopping center.Orvis recently debuted a new shop at 702 Cross Hill Road in the Cross Hill Market shopping center just off Devine Street. While the store already is open for business, it will have a grand opening celebration from 11 a.m. to 3 p.m. Oct. 25-27. There will be giveaways, sales and refreshments during each of those days, and a portion of the proceeds from the celebration will go to Congaree Riverkeeper, according to ...

A company that has outdoor apparel stores nationwide has opened a new spot in a trendy Columbia shopping center.

Orvis recently debuted a new shop at 702 Cross Hill Road in the Cross Hill Market shopping center just off Devine Street. While the store already is open for business, it will have a grand opening celebration from 11 a.m. to 3 p.m. Oct. 25-27. There will be giveaways, sales and refreshments during each of those days, and a portion of the proceeds from the celebration will go to Congaree Riverkeeper, according to social media posts from Riverkeeper and Orvis.

Congaree Riverkeeper is a nonprofit that advocates for the protection of rivers and streams in the Midlands area.

Initially founded in 1856 and headquartered in Vermont, Orvis is a leading name in outdoor clothing, fly fishing gear, products for dogs and more. It has locations nationwide, including additional South Carolina stores on King Street in Charleston and on Main Street in Greenville.

“Columbia has been a focus for us for several years as an opportunity to further expand our footprint in South Carolina, and Cross Hill was our preference for several reasons: it’s active, energetic and close to our core customers,” Orvis director of real estate Jason Williams said in a previous story in The State.

Cross Hill Market has been an enduringly fashionable shopping hub near Devine Street and Garners Ferry Road, southeast of downtown Columbia. The plaza is home to a Whole Foods grocery store, Midwood Smokehouse barbecue restaurant, Basil Thai Cuisine, Athleta clothing shop and more.

The shopping center is at the nexus of a handful of high-traffic roads. About 29,000 cars per day travel down Devine Street nearby, per state Department of Transportation statistics, while about 46,000 cars per day travel down Garners Ferry Road and 16,100 per day traverse Cross Hill Road.

This story was originally published October 21, 2024, 11:30 AM.

AI-generated art piece disqualified by SC State Fair after being awarded cash prize

An art piece awarded as part of the competitions at this year’s S.C. State Fair has been disqualified due to the use of artificial intelligence.The piece, “Country Woman” by Blackville artist Terrance Washington, had been awarded Best of Division - Amateur, which comes with a $3...

An art piece awarded as part of the competitions at this year’s S.C. State Fair has been disqualified due to the use of artificial intelligence.

The piece, “Country Woman” by Blackville artist Terrance Washington, had been awarded Best of Division - Amateur, which comes with a $300 cash prize. Organizers for the fair, which takes place in Columbia, declined to comment on the piece’s disqualification beyond a statement sent out to the artists who submitted to this year’s competitions. That statement doesn’t specify whether the cash prize had already been awarded or if the fair will try to get it back.

“It has been brought to our attention that there was a violation of the art contest rules in relation to Digital Media and the use of Artificial Intelligence,” the fair’s statement reads. “Contest rules clearly state in Divisions 107-Professional and 607- Amateur that pieces ‘Must NOT be created using generative Artificial Intelligence (AI).’ ”

Washington couldn’t immediately be reached for comment about his piece’s disqualification.

“We hope to work to educate our exhibitors on the rules related to digital art and also to work with our judges to prevent this from occurring in the future,” the fair’s statement continues. “While we believe this was an unintentional mistake, we encourage all competitive exhibit participants to closely read the rules in place and to act with integrity. This year, the SCSF had over 1600 pieces registered for the art show. 1276 unique pieces of art are currently on display. Of those pieces, 20 are entered in digital art. After being informed there was a piece of art generated with AI on display, the artwork was pulled. We are working to ensure that this does not happen again. However, we also must rely on the integrity of our artists and trust they are following the contest rules.”

Local artists told The State that the piece was pulled after they reached out to the fair, pointing to a July 2023 post on X (formerly Twitter) from Washington that includes “Country Girl” and three other pieces with the caption: “I did my first A.I. Art, it’s based on Artist Thriving in a rural communities [sic].”

Artists who responded to the situation online were pointed in their criticism.

“The work of living artists all across the internet is scraped and compiled to create these images without the artists’ knowledge, consent, or compensation,” West Columbia illustrator, printmaker and photographer Colton Giles posted to Facebook. “This combined with the use of GenAI in place of commercial illustrators, graphic designers, photographers, and many other professional artists is a more pressing issue than the gray-area conversations around what may or may not be real art. GenAI imagery is theft, and that is not a gray area.”

West Columbia artist Sean McGuinness, who creates Godzilla-centered mash-up art via the brand Neo Monster Island and who submitted multiple pieces to the fair’s digital art competition, told The State he worries about the event’s ability to detect AI submissions moving forward.

“I don’t think the State Fair is really prepared for this,” he said. “Think about who’s judging these pieces, a bunch of older folk who don’t even know how to recognize digital art. The only reason this got brought up is because they were able to find out the forum where the guy admitted it was AI.”

This story was originally published October 18, 2024, 1:32 PM.

The State

Jordan Lawrence is a reporter for The State covering Lexington County. He has worked for newspapers in the Columbia area for more than a decade, having previously served as the lead editor for Free Times and the Lexington County Chronicle. He has won several South Carolina Press Association Awards, including recognition for breaking news reporting, business reporting and arts and entertainment writing.

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