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

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

Why Choose Dan Crance As Your Mortgage Lender in Irmo, 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 Irmo, SC

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

 FHA Mortgages Irmo, 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 Irmo, SC.

Refinancing in
Irmo, 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 Irmo, 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 Irmo, 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 Irmo, 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 Irmo, 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 Irmo 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 Irmo, SC

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Irmo, SC

Irmo mayor faces backlash for political signs in his Harbison neighborhood amid re-election bid

IRMO, S.C. – (WIS) Irmo Mayor Barry Walker has campaign signs up all around his Harbison neighborhood, signs the homeowners association that oversees the area says are against the rules.Walker is facing backlash from some in the community for the lawn signs in the midst of his re-election campaign.He has lived in the Harbison area, which is governed by the Harbison Community Association (HCA), for years.Just as he did the last time he ran for office, Walker said he handed out lawn signs to his supporters when the c...

IRMO, S.C. – (WIS) Irmo Mayor Barry Walker has campaign signs up all around his Harbison neighborhood, signs the homeowners association that oversees the area says are against the rules.

Walker is facing backlash from some in the community for the lawn signs in the midst of his re-election campaign.

He has lived in the Harbison area, which is governed by the Harbison Community Association (HCA), for years.

Just as he did the last time he ran for office, Walker said he handed out lawn signs to his supporters when the candidate filing period opened on August 16.

The issue is that these signs are now against HCA rules.

“Thank you for all this extra publicity, but the individual supporters of Barry Walker, including myself, my wife, they put up the signs because they felt it’s alright to do it,” Walker said in an interview Friday.

The HCA covenant, or bylaw, regarding political signage clearly states that lawn signs may not be displayed more than 30 days out from an election.

Violators could be fined up to $1000 dollars, according to the Harbison Community Association.

Benjie Friday, who lives in the neighborhood, said she believes Walker’s refusal to comply with the regulation speaks to his fitness for office.

“I think if he can’t follow the rules of our community, I don’t know that he can govern the town of Irmo,” she said.

Town council member Erik Sickinger said this shows a lack of respect for the voters, and other candidates who do not have signs up within Harbison’s limits, including Walker’s opponent, Bill Danielson.

“Then are we encouraging people, candidates for an elected position as a representative position, is it then the current mayor’s stance that they should ignore any rule that they don’t like, or that they feel is bad or wrong?”

Sickinger, who is also running for re-election, compared Walker’s defiance to residents suggesting that the speed limit should be 50 miles per hour in all areas of an HOA.

“And then a number of folks are trying to use the speed limit, I mean madness, mayhem, we have to follow the rules,” he said.

Not taking down the signs is also disrespectful to individuals within Harbison who have worked to create “an orderly, well-run HOA,” Sickinger said.

Walker argued that Sickinger does not have standing in this argument because he does not live in Harbison, and “needs some publicity.”

Sickinger denied that this was a political, personal fight, and said, “I don’t win by having someone else lose.”

“My goal is to make sure that residents understand the government’s responsibility in relationship to HOAs and ensure that we clarify and clear up this issue so that we can move forward,” he said.

Walker contends that this rule was not in place when he moved into the neighborhood, and the change, which was made in the last few years, was not made transparently.

“If it was that serious of a problem, that they should’ve notified every homeowner here with registered letters or called a public meeting and made it transparent that this was a problem and if they were changing it, and then give us updated copies for our covenant books, they didn’t do that,” he said.

The mayor showed WIS a copy of the covenant handbook from 2019, which did not include any language about political signage.

Both HCAs and HOAs have the ability to enforce various covenants and rules that residents must follow, as long as they do not violate state or federal law.

However, the conflict in this case is that Walker contends that HCAs cannot change its covenants without approval from homeowners.

“If they want to solve this, tell me what your lawyer says, and I’ll tell you what my lawyer says, and then they’ll get together and talk about it and come to a conclusion,” he said.

Walker noted that he advised his supporters that they may incur fines if they put up his lawn signs, and he did not put any up on his own aside from the ones on his property.

As for any potential fines, Walker says the enforcement of those is on hold as the HCA’s lawyer reviews the legality of the change to the covenant bylaws.

The election is one month from Saturday, which would make the signs within the boundary of the bylaw as of next week.

Walker said within the next few days, residents should expect to see more of his political signs around the area.

Sickinger said this could have been a “nonissue” if Walker had backed down.

“This could easily not have resulted in any additional work, drama, strain, stress, confusion if the mayor had followed the rules of Harbison or not fought them publicly or encouraged his supporters to do that as well,” he said.

Town council has called a special meeting on Tuesday night to discuss the issue.

Sickinger says its purpose is to create a separation between what the mayor has said, and the town’s position.

Walker calls it a “publicity stunt” for Sickinger.

At council’s last workshop, Walker said he tried to discuss the issue, but was told it would be better handled during the special meeting.

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Alodia's in Irmo is closed. Here's how we got here.

IRMO — What started as a temporary closure at Alodia's Cucina Italiana, a neighborhood Italian eatery in Irmo, has become permanent following months of uncertainty and backlash for the restaurant's owners.Owners of Alodia's in Irmo closed the restaurant's doors Nov. 25 after over 15 years in business, the eatery announced in a Facebook post."We want to express our deepest gratitude to each and every one of you who have supported us through the years. Your loyalty and patronage have been the cornerstone of our success...

IRMO — What started as a temporary closure at Alodia's Cucina Italiana, a neighborhood Italian eatery in Irmo, has become permanent following months of uncertainty and backlash for the restaurant's owners.

Owners of Alodia's in Irmo closed the restaurant's doors Nov. 25 after over 15 years in business, the eatery announced in a Facebook post.

"We want to express our deepest gratitude to each and every one of you who have supported us through the years. Your loyalty and patronage have been the cornerstone of our success, and it has been a privilege to serve you," the post said.

The neighborhood Italian place has two locations in the Columbia area — the now-closed Irmo location and a downtown Lexington location, which became the center of online controversy in June when a waitress posted about not receiving pay for nearly two weeks.

'A cash flow issue, for sure'

When Zoe Spires, a former waitress at Alodia's in Lexington, took her paycheck to the bank in mid-June, it bounced.

Columbia Business

She didn't think much of it, at the time. In her nearly two years working at the restaurant, checks had bounced before. But, nearly two weeks later, when she still hadn't been paid, Spires grew concerned. As did her coworkers.

“One of the servers looked at me and she said ‘You need to find a new job, but you didn’t hear that from me,’” Spires told the Post and Courier in a previous interview.

On June 28, while staff said owner Adam Huneau was out of town on vacation, the waitstaff walked out and closed the restaurant over lack of pay. Following the decision, Spires made a Facebook post, which has since been deleted, asking for support and explaining the situation.

Huneau responded to that Facebook post.

WEST COLUMBIA — Compton's Kitchen, the Southern food restaurant that served well-loved breakfast and lunch options for nearly five decades, has closed.

"We are sorry to announce that the restaurant is closed," an announcement on the restaurant's website reads.

It's unclear when the longtime eatery, at 1118 B Ave. in West Columbia, officially shut its doors.

Owners for the restaurant did not immediately respond to requests for comment.

Perry Compton, a South Carolina native, opened his home-cooking restaurant on D Avenue in West Columbia in 1977, according to the restaurant's website. He moved his restaurant twice during his time as owner, landing at its final location on B Avenue.

With a meat-and-three menu featuring Southern food classics like fried chicken, potato salad and collard greens, the restaurant established itself as a popular lunch spot with an impressive catering program.

Martha Cooke took over ownership of the eatery in 2000 after managing it for a decade. In late 2022, Asia Dove took over as owner of the restaurant.

Table Crumbs: SC restaurant week is here, Alodia's in Irmo to reopen

Midlands restaurant week is here. What you should knowRestaurant Week, an annual program aimed at uplifting and spotlighting Midlands cuisine, is back for another week of specialty dishes, discounts and delectable eats.Beginning Oct. 5, Restaurant Week Midlands includes eateries in Richland and Lexington Counties, including Bourbon, Lizard's Thicket, Village Idiot and Steel Hands Brewing and Smoked.Specials include limited menus — Hampton Street Vineyard will offer a three-course meal for $38 — or discounts...

Midlands restaurant week is here. What you should know

Restaurant Week, an annual program aimed at uplifting and spotlighting Midlands cuisine, is back for another week of specialty dishes, discounts and delectable eats.

Beginning Oct. 5, Restaurant Week Midlands includes eateries in Richland and Lexington Counties, including Bourbon, Lizard's Thicket, Village Idiot and Steel Hands Brewing and Smoked.

Specials include limited menus — Hampton Street Vineyard will offer a three-course meal for $38 — or discounts on customer favorites (Vella's in Cayce will offer up a free appetizer with lunch orders more than $15.)

Here's the list of participating restaurants, for the full list, visit restaurantweeksouthcarolina.com/city/midlands/

Food News & Features

Other Food News You Might've Missed:

Pumpkin spice up your life: Maybe coffee isn't your thing, but you feel really left out by the fact that pumpkin spice is here and you can't partake. Steel Hands Brewing has the solution for you — Pumpkin Spiced Lager. The Cayce brewery rolled out the 7% ABV lager, brewed with a variety of fall-flavored spices like cinnamon, nutmeg and allspice.

Return of the ravioli: Alodia's Cucina Italiana restaurant, which closed its Irmo location earlier this year while owners addressed issues at the Lexington location, will reopen in Irmo Oct. 17, according to the restaurant's Instagram. Workers at the Lexington location walked off the job after going nearly two weeks without pay and the restaurant remained temporarily closed.

Coffee coming to the Vista: Bitty & Beau's, a national coffee chain that employees people with disabilities to work in their coffee shops, is coming to the Vista, our Columbia business reporter Josh Archote reported. The coffee shop will open in the former space of Marble Slab Creamery.

Party like it's... 1933: While it's been just about a century since prohibition, the nationwide ban on alcohol in the United States, ended, there's still plenty of bars that celebrate the impact the era had on our culture. Enter, popular speakeasy-adjacent Charleston-based bar Prohibition. The restaurant and bar has had plans for Main Street for quite a while and is finally nailing them down, with plans to finally open the location by the end of October, our business reporter Josh Archote writes.

WEST COLUMBIA — Compton's Kitchen, the Southern food restaurant that served well-loved breakfast and lunch options for nearly five decades, has closed.

"We are sorry to announce that the restaurant is closed," an announcement on the restaurant's website reads.

It's unclear when the longtime eatery, at 1118 B Ave. in West Columbia, officially shut its doors.

Owners for the restaurant did not immediately respond to requests for comment.

Perry Compton, a South Carolina native, opened his home-cooking restaurant on D Avenue in West Columbia in 1977, according to the restaurant's website. He moved his restaurant twice during his time as owner, landing at its final location on B Avenue.

With a meat-and-three menu featuring Southern food classics like fried chicken, potato salad and collard greens, the restaurant established itself as a popular lunch spot with an impressive catering program.

Martha Cooke took over ownership of the eatery in 2000 after managing it for a decade. In late 2022, Asia Dove took over as owner of the restaurant.

Here's where Irmo's newly elected mayor hopes to take the town

IRMO — With less than a week until he is sworn in, Irmo's future mayor has his hands full.In November, Irmo Councilman Bill Danielson, a business executive who was elected to the town council in 2020, beat out the town's current mayor, Barry Walker, in his bid for reelection. Since then, constituents have been calling nonstop, Danielson said."With change, people get nervous," Danielson said. "So, I'm trying to be very han...

IRMO — With less than a week until he is sworn in, Irmo's future mayor has his hands full.

In November, Irmo Councilman Bill Danielson, a business executive who was elected to the town council in 2020, beat out the town's current mayor, Barry Walker, in his bid for reelection. Since then, constituents have been calling nonstop, Danielson said.

"With change, people get nervous," Danielson said. "So, I'm trying to be very hands-on right now and be very responsive to our citizens."

With an eye on Irmo's town hall space, bolstering public safety and instilling unity on the council, Danielson said the transition between leaders has been smooth so far.

On Nov. 7, voters in Irmo, a 12,000 resident town that straddles Lexington and Richland counties, favored Danielson over Walker, the town's current leader, by a 4 percent margin.

Walker served as the town's mayor for one term, after being elected as Irmo's first Black mayor in 2019. Walker also sat on the council for several decades before that.

Also in the 2023 election, current Councilman Erik Sickinger was reelected, and Phyllis Coleman snagged an open seat. Because Danielson's council seat does not expire until 2025, the town will soon conduct a special election to fill his vacant seat.

With so much movement on the council, one of Danielson's top priorities is getting new members up to speed and ensuring that the new collection of council members works smoothly together.

"Coming into a town council role, it's drinking water through a firehose," he said. "And the plan (to unify the council) is simple. The plan is to make sure everybody is involved."

Additionally, when every seat has been filled, Danielson said he would like to have a meeting to gather the rest of council's ideas on where to take the town.

Another top issue when Danielson takes office is figuring out the future of Irmo's town hall building, he said. The town staff is bursting at the seams in its current home, and is in desperate need of an expansion. Though a property for a new facility has been identified, just down the street from the current town hall, funding for to build it is still up in the air, Danielson said.

Irmo basketball’s Tim Whipple retiring after 43-year coaching career

Tim Whipple, the second-winningest basketball coach in South Carolina’s history, is retiring.Whipple leaves the bench after 43 years on the job and ends his career with 848 wins and six state titles. He finished 95 wins short of John Smith’s 943, but it was never his intention to reach that number.The coach’s career began and ended in Lexington County. He earned his first job as an assistant at Lexington High School. He then left Lexington to be the JV coach at Winnsboro High School before leaving for Irmo. Th...

Tim Whipple, the second-winningest basketball coach in South Carolina’s history, is retiring.

Whipple leaves the bench after 43 years on the job and ends his career with 848 wins and six state titles. He finished 95 wins short of John Smith’s 943, but it was never his intention to reach that number.

The coach’s career began and ended in Lexington County. He earned his first job as an assistant at Lexington High School. He then left Lexington to be the JV coach at Winnsboro High School before leaving for Irmo. There, he served two seasons as an assistant before transitioning to the head coaching role in the 1981-82 season.

Whipple’s success at Irmo spanned across multiple decades, building the program into a yearly contender. The Yellow Jackets made the playoffs in all but three of his years as the head coach. He won his first state title in 1991 and then proceeded to win two more in the ‘90s.

The program and Whipple stayed together during some struggles in the 2000s but eventually found their way back to the top, winning titles in the 2010s and 2020s.

The Yellow Jackets won their first title in 16 years after capturing the 2011 championship. Two years later, Whipple and Irmo got their fifth title.

The 2023 championship came a decade after No. 5 and was one of the most improbable runs Whipple had been a part of. The team advanced to the state championship behind stellar play from class 4A Player of the Year Brandon Crawford, who fought through injuries in the first half of the season.

“This might be the most special group I’ve ever had,” Whipple said after winning the 2023 title. “I’d never dream we’d make it to a state championship.”

Irmo’s past season was not as smooth as the 2023 championship one, but Whipple knew that before the games began, calling this season one of the biggest challenges he would have to face as a coach.

“It’s going to be difficult, but I think it’s going to end up being very gratifying to watch this group this year,” Whipple told the Chronicle in December.

Irmo had its fair share of highs and lows in 2024, finishing 5-21 and 2-8 in region play for fifth place. The Yellow Jackets did just enough to qualify for the playoffs but fell short of defending their title in the first round with a 53-42 loss to Wilson.

That game was Whipple’s last. He told his team of his decision early on the morning of May 7.

Irmo will now begin the process of finding a replacement for a legend to rebuild the program back into a local powerhouse.

Keywords

Irmo basketball, Tim Whipple

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