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

Columbia is closer to splitting busy street from railroad tracks. What might it look like?

Columbia leaders have for years dreamed of removing the dozen-plus railroad crossings on Assembly Street and through the Olympia neighborhood.Trains come through the crossings with little warning, stopping traffic at the tracks while the often long line of box cars rolls past. State and local leaders have talked for decades about fixing this problem, which can cause major traffic disruptions that ripple across town.Now, the plan is as close as it’s ever been to reality. After decades of conversation, the South Carolina De...

Columbia leaders have for years dreamed of removing the dozen-plus railroad crossings on Assembly Street and through the Olympia neighborhood.

Trains come through the crossings with little warning, stopping traffic at the tracks while the often long line of box cars rolls past. State and local leaders have talked for decades about fixing this problem, which can cause major traffic disruptions that ripple across town.

Now, the plan is as close as it’s ever been to reality. After decades of conversation, the South Carolina Department of Transportation is presenting three options for what Columbia might look like if the train tracks were rerouted.

The plans call for a dramatic reshaping of a portion of Columbia, including building new bridges and relocating homes and businesses. But project leaders say they are taking public feedback seriously and will be collecting input from residents until Jan. 11 with hopes of creating the least disruption.

The S.C. Department of Transportation has spent years narrowing down options for how to execute the plan, going from more than 25 possible new traffic patterns down to the three options presented at a public information meeting Wednesday evening, explained Department of Transportation engineer Joey McIntyre.

The plans call for either building rail bridges over Assembly Street and lowering the roadway, or building roadway bridges for vehicles to move above the tracks.

The work has previously been estimated to cost around $200 million. The Department of Transportation is looking at federal grants to pay for the bulk of the work. The project has also received $35 million in state earmarks over the last three budget cycles, with help from former Rep. Kirkman Finlay, current Rep. Seth Rose and Rep. Todd Rutherford.

The city of Columbia and Richland County have also previously pledged to contribute $15 million between the two governments.

The specifics of the three plans are:

Plan A and Plan A-1, as DOT is referring to them, both call for building rail bridges over Assembly Street, as well as consolidating and abandoning a portion of CSX track. Both plans would also require Assembly Street to be lowered 18 feet to accommodate the new bridges.

The plans differ slightly in how they would affect residential and arterial streets. For example, Plan A would close 11 street-level railroad crossings, whereas Plan A-1 would close 15.

Both projects anticipate needing to relocate five residences and 15 and 17 businesses, respectively.

Plan B would leave most of the railroad tracks alone, instead opting to build the roadways over and around the tracks. New roadway bridges would be built to raise Assembly over the tracks near the former Capital City Ballpark, and another bridge over Catawba and Whaley streets. This plan would impact one residence and 15 businesses or institutions, according to the DOT. Plan B would also be the most expensive.

Right now, the department is in the planning and design phase of the project, construction is still a long ways off, said Katie Curry, a DOT consultant with the engineering firm STA who is leading the work, explained.

Residents in the area had been concerned about previous plans, particularly one that would have rerouted traffic on Huger Street to Catawba Street. But now, most of those concerns have been resolved, said Vi Hendley, who sits on the Mill Village District board.

“We’re in a much better place,” she said, but added the neighborhoods still have a few concerns about ensuring the neighborhood grid is protected. Their preference would be Plan A-1, she said, but with an amendment to keep Lincoln Street open.

Residents can comment on the plans at scdotgis.online/assemblystreetrail, by emailing McIntyreJD@scdot.org or by calling 803-737-1842,

This story was originally published December 12, 2024, 1:02 PM.

The State

(803) 771-8330

Morgan Hughes covers Columbia news for The State. She previously reported on health, education and local governments in Wyoming. She has won awards in Wyoming and Wisconsin for feature writing and investigative journalism. Her work has also been recognized by the South Carolina Press Association.

Where to see holiday lights around Columbia, SC

We had a reader write in sharing a love for our historic marker map — which you should add to if you haven’t already — and asked if we would consider doing something similar for local holiday lights. Reader Stanton shared, “Every year we go driving around looking at Christmas lights. It would be nice to have suggestions for all those neighborhoods that decorate at level 10.”...

We had a reader write in sharing a love for our historic marker mapwhich you should add to if you haven’t already — and asked if we would consider doing something similar for local holiday lights. Reader Stanton shared, “Every year we go driving around looking at Christmas lights. It would be nice to have suggestions for all those neighborhoods that decorate at level 10.”

So, we’re looking for you to inform us on this one. Readers and we alike are looking to grab hot cocoa, turn on the seat warmers, crank up the holiday music + go for a drive to explore festive displays right in our neighborhoods.

You’re in the driver’s seat. Where are some of Cola’s best (level 10) holiday light displays? Think: neighborhood, public, or residential displays. Submit your favorite place to see holiday lights in Cola to our local map by Thursday, Dec. 5.

We added the first points on the map, featuring three light displays around the Midlands you shouldn’t miss.

Fireflies Holiday Lights | Friday, Nov. 15 to Saturday, Jan. 4 — exclusion dates apply | Segra Park, 1640 Freed St., Columbia | $10+ | Read about what you can expect at this year’s holiday light show. Spoiler alert — it will feature more lights + entertainment for the whole family.

Holiday Lights on the River | Wednesday, Nov. 27-Tuesday, Dec. 31 | 6-10 p.m. | Saluda Shoals Park | $25+ | Journey through more than three miles of lights featuring colorful, animated light displays of all shapes and sizes

Riverbanks Zoo & Garden - Lights Before Christmas | Select nights Friday, Nov. 15 through Sunday, Jan. 12 | 5-9 p.m. | Riverbanks Zoo and Garden | $20+ | Take your photo with Santa, roast marshmallows at the Jingle Bell Bonfire, and be sure to wear your hat. Pro tip: it snows nightly at Riverbanks during the Lights Before Christmas.

Ready to add your own? Submit here.

Why are so many people building new homes in this part of Columbia?

COLUMBIA — For most of Peter Brown's life, the Elgin neighborhood was a sleepy place.But today, many of the woodlands and undeveloped plots of land have been cleared to make room new homes and businesses. And for Brown, 59, who represents this area in northeast Columbia for the City Council, this isn't necessarily a bad thing.“We don’t want just random stuff all over the place," he said. "I feel like where we are right now is a good place.”The are centered along Spears Creek Church Road ...

COLUMBIA — For most of Peter Brown's life, the Elgin neighborhood was a sleepy place.

But today, many of the woodlands and undeveloped plots of land have been cleared to make room new homes and businesses. And for Brown, 59, who represents this area in northeast Columbia for the City Council, this isn't necessarily a bad thing.

“We don’t want just random stuff all over the place," he said. "I feel like where we are right now is a good place.”

The are centered along Spears Creek Church Road has been a desirable spot to live for the last decade. In the past year growth has boomed with hundreds of homes and apartment units being approved in the area and surrounding parts of unincorporated Richland County.

The rapid development has also been driven by a housing shortage in Columbia, which Brown said is in a period of "hyper growth."

Mungo Homes is one of several developers putting up homes in the area, including a 186-home project approved by the city in September.

“I think just historically, it's a good area of town where people enjoy living,” said Austin Monts, director of land acquisition for the home building company. “I think that that particular area is desirable because it's a nice place for families to live.”

Elgin is also attractive because of its proximity to Interstate 77 and easy access to Fort Jackson and downtown Columbia, Monts added.

The most recent developments could be some of the first tendrils of growth spawned by the $2 billion Scout Motors manufacturing plant under construction in Blythewood 20 minutes away, according to Brown.

Officials have touted growth across Columbia since the landmark investment from the car manufacturer was announced, but Scout representatives and local officials have said it will be hard to tell when that growth will begin.

Brown believes the first rumblings of spinoff development have already begun with all of the new housing coming into the Elgin area over the past year.

Home prices have been rising in the neighborhood, even compared to the rest of the Columbia metro area. The average home price in Elgin ranged between $260,000 to nearly $300,000, according to Zillow. In the Columbia metro area, the average price was just under $233,000.

As the area has continued to grow, available plots of land have become harder to find, Monts said.

“There is less and less property available in that area because of the desirability, and so that would possibly cause some cooling off there,” he said.

The commercial sector has caught on as well. Dozens of new businesses have sprung up along Spears Creek Church in the past few years, with a new shopping center anchored by a Publix grocery store slated to open in 2025.

As the area has grown, Richland County has made plans to widen parts of the road and add right-of-way lanes through the county’s Transportation Penny Tax program. Work on the project was slated to begin in early 2026, Richland County Council members told The Post and Courier last spring.

So far, Brown hasn't received any complaints about the growth in Elgin. Local transportation authorities are “much more ahead of the curve than they’ve been in the past” with road improvements, he said.

“I try to tell people that we can’t stop growth," Brown said, "but what we can do is add purpose and strategy to growth."

Drone mystery sweeping the nation causes stir in the Midlands

COLUMBIA, S.C. (WIS) - As mystery drone hysteria sweeps across the nation, it is also causing a stir in the Midlands.Residents of several states across the East Coast, including South Carolina, have reported thousands of sightings of mysterious aerial phenomena believed to be drones in recent days.While federal officials have stated there is no national security or public safety threat, the mysterious sightings have caused speculation nonetheless.Stacy Mink, who lives in the Red Bank community in Lexington County, report...

COLUMBIA, S.C. (WIS) - As mystery drone hysteria sweeps across the nation, it is also causing a stir in the Midlands.

Residents of several states across the East Coast, including South Carolina, have reported thousands of sightings of mysterious aerial phenomena believed to be drones in recent days.

While federal officials have stated there is no national security or public safety threat, the mysterious sightings have caused speculation nonetheless.

Stacy Mink, who lives in the Red Bank community in Lexington County, reported seeing something hovering in her neighborhood on Tuesday night.

She said what she and her mother saw was startling, and described what was going through her mind in that moment.

“Oh my gosh, this is happening here too because I’ve been hearing the news, I’ve been hearing the updates of all these different areas where these drones are being reported,” Mink said in a Wednesday interview.

She said the brights shining down on her backyard did not look like any aircraft she had ever seen.

Mink believes the lack of a clear understanding from government officials about what’s in the skies is cause for concern.

“I do believe that this is a problem that should be getting addressed more diligently and effectively by our government, and not just our federal government, but local government should be addressing this,” she said.

A majority of WIS viewers said that the mysterious aerial phenomenon does concern them.

Out of 314 responses Wednesday, 210 answered affirmatively to the question: “Do the recent reported drone sightings concern you?”

That equates to 66.7 percent of respondents. 33.3 percent of respondents said they are not concerned.

“There are bigger and more important things to worry about in the world other than drones that are flying around that I have no control over, that I can’t dictate anything,” Tawana Saunders, who lives in the Midlands, said.

Taz Little, the co-founder AINautics, a local company that specializes in drones, said it should be easy to determine who is flying these mystery drones if they’re following all laws and regulations.

Most have what is called a remote identification (remote ID), or the equivalent of a digital license plate.

“The average drone pilot you find out there is using drones for good,” he said. “We know that despite these sightings and stuff, the majority of drones that you will see you don’t have anything to worry about. And they should be following all the FAA (Federal Aviation Administration) rules and regulations as far as remote ID.”

Mink though, like many, is left with more questions than answers.

“It’s very scary to go outside and see something hovering above your home or above your neighborhood that you have no idea what it is,” she said.

The first sightings occurred mid-November in New Jersey, specifically near military research facility Picatinny Arsenal and near President-elect Donald Trump’s golf course in Bedminster, according to the Associated Press.

Various federal agencies including the Department of Homeland Security, the Federal Bureau of Investigation, the Federal Aviation Administration and the Department of Defense released a joint statement saying they have been closely examining these sightings with “advanced detection technology” and “trained visual observers.”

They said they believe the drones to be “a combination of lawful commercial drones, hobbyist drones, and law enforcement drones, as well as manned fixed-wing aircraft, helicopters, and stars mistakenly reported as drones.”

Little said he hopes these reports do not cause legitimate drone operations to be called into question.

Gov. Henry McMaster’s office said they have not received any information from authorities concerning recent drone activity.

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Columbia airport announces the sudden resignation of its CEO. Here’s what we know

Columbia Metropolitan Airport is without a CEO after Mike Gula formally left the position Dec. 13, according to a Tuesday release from the airport.The release does not say what led to Gula’s departure from the airport, which has seen healthy growth and new investments in recent years.“His decision to resign was made amicably in coordination with the airport’s oversight commission and reflects his desire to pursue new opportunities and spend more time with his family,” the airport’s release states....

Columbia Metropolitan Airport is without a CEO after Mike Gula formally left the position Dec. 13, according to a Tuesday release from the airport.

The release does not say what led to Gula’s departure from the airport, which has seen healthy growth and new investments in recent years.

“His decision to resign was made amicably in coordination with the airport’s oversight commission and reflects his desire to pursue new opportunities and spend more time with his family,” the airport’s release states.

No further information about Gula’s departure was provided.

Gula joined the Columbia airport’s leadership in 2014 as director of operations. In 2018, he was promoted to CEO.

“It has been an absolute privilege to serve the citizens of the Midlands, and I will forever be grateful for the opportunity,” Gula said in a statement shared by the airport. “I am incredibly proud of what we have accomplished together over the past 10 years, and I am confident that the Airport is well-positioned for continued success. I will always cherish the dedication of the CAE team and the support of the Commission during my tenure.”

Prior to working for the Columbia airport, Gula was director of operations for the Greenville-Spartanburg International Airport.

The Columbia airport’s oversight commission will hold a nationwide search to find Gula’s replacement.

Gula’s departure comes as the airport has its sights set on big changes.

The airport recently announced a new partnership with Allegiant Airlines, as well as plans for an on-site hotel within walking distance of the terminal.

Other aspects of the airport’s long-term vision include adding new gates, allowing for more planes to board at the same time and allowing for more flight options. The airport has also just received a $3 million grant to build a cover over the roof of its parking deck with a mini solar panel grid on top. The project would expand the airport’s existing solar program.

The airport is projected to serve 1.4 million passengers before the year is out. By 2044, that number could surpass 2 million, according to Federal Aviation Administration projections.

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