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Mortgage Broker in Johns Island, 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 Johns Island, SC, who can educate you on mortgage rates and provide trustworthy guidance to help you make an informed decision.

My name is Dan Crance - Johns Island'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 Johns Island, 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 Johns Island, SC
 Refinance Johns Island, SC

Why Choose Dan Crance As Your Mortgage Lender in Johns Island, 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 Johns Island, SC

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

 FHA Mortgages Johns Island, 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 Johns Island, SC.

Refinancing in
Johns Island, 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 Johns Island, 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 Johns Island, 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 Johns Island, 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 Johns Island, 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 Johns Island 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 Johns Island, SC

Trust Dan Crance

Your Mortgage Lender in Johns Island, 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 Johns Island loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Johns Island, SC

Johns Island residents react to ‘Northern Pitchfork’ project plan

JOHNS ISLAND, S.C. (WCSC) - Those who live on or travel through Johns Island say they have mixed feelings about a new road designed to connect Maybank Highway to two other roadways.Work is continuing on what is called the Northern Pitchfork, which will connect Maybank Highway to Fenwick Hall Allee and River Road. That work will require lane closures from 9 a.m. ...

JOHNS ISLAND, S.C. (WCSC) - Those who live on or travel through Johns Island say they have mixed feelings about a new road designed to connect Maybank Highway to two other roadways.

Work is continuing on what is called the Northern Pitchfork, which will connect Maybank Highway to Fenwick Hall Allee and River Road. That work will require lane closures from 9 a.m. to 2 p.m. on Friday on Maybank Highway at River Road.

Some residents are hopeful it can be part of a solution for what they say is horrendous traffic but others say it’s just a Band-Aid on a bullet wound.

There is also frustration surrounding the daytime lane closures for Friday, as residents believe it will be a nightmare, and the work should be done overnight instead.

Charleston County Construction Project Manager Sheila Parker said this has to get done in a specific window of time and they don’t want project delays. The new road is something the city and county have been working on bringing to life for years, with the goal of alleviating congestion and moving traffic along on the island.

“People coming off of James Island onto Johns Island using the Maybank Highway corridor will be able to take the Northern Pitchfork road and kind of bypass the Maybank Highway and River Road traffic light,” Parker explained

Byhira Thorn, who frequents the island often, said she thinks the new road will cause confusion for drivers, and it’s not addressing the root issue.

“I think another lane in general needs to be added,” Thorn said. “I mean, they did it with the bridge which was awesome, but they need to do it with the island. The island itself all around, roads need to be doubled for sure.”

Johns Island resident Kristin Nolan said she hopes this will help, but wishes it was done sooner.

“First of all, I think they should have thought about this before all of the building that went on and the extra light that was put here,” Nolan said. “I feel bad for people that go to James Island in the morning if Maybank and River are backed up for miles.”

Earlier this month, Charleston leaders said they are working on a $30-million project to improve traffic on Johns Island, part of which includes widening Maybank Highway to four lanes from River Road to the Stono River Bridge. But funding for that has yet to be nailed down and those plans are years away.

The construction on Friday is weather-dependent and drivers are asked to use caution while driving through the area.

Copyright 2023 WCSC. All rights reserved.

Johns Island welcomes California luxury hotel company

Charleston remains a popular destination, and the city’s expanding luxury hotel scene reflects that trend.California-based Auberge Resorts Collection plans to debut its first planned luxury hotel in South Carolina come 2024 in the form of The Dunlin, located within the Kiawah River master-planned community on Johns Island.In partnership with real estate developer The Be...

Charleston remains a popular destination, and the city’s expanding luxury hotel scene reflects that trend.

California-based Auberge Resorts Collection plans to debut its first planned luxury hotel in South Carolina come 2024 in the form of The Dunlin, located within the Kiawah River master-planned community on Johns Island.

In partnership with real estate developer The Beach Co. and private investment and management company McNair Interests, the project is set to have a January groundbreaking.

“The Dunlin will offer an unforgettable escape where guests can immerse themselves in the pristine natural setting of Johns Island and the culturally rich attractions of Charleston,” Auberge Chairman Dan Friedkin said in a statement.

The Dunlin property will include 72 cottage-style guest rooms and suites and 19 villas, as well as a main lodge and porch, great rooms and a library lounge. Amenities encompass a pool with cabanas, full-service spa, community farmstead, and access to the community’s Spring House riverfront swim and fitness facilities.

A riverfront restaurant with outdoor deck will also be available, as will two event spaces, including a 10,000-square-foot indoor-outdoor event hall.

“We are pleased to partner with Auberge Resorts Collection to create The Dunlin, which will be one of the most remarkable new resorts in the country,” Beach Co. CEO John Darby said. “Auberge has a terrific track record of creating the most unique hospitality experiences in the world, and this endeavor’s intimate setting will bring highly personalized service with a coastal experience inspired by the local environment.”

Built into the Kiawah River community, which puts emphasis in natural surrounding elements, The Dunlin will consist of 2,000 acres of land with 20 miles of riverfront nature trails and marshlands. Guests will be able to participate in nature excursions on the property, including fly fishing, crabbing and boating, as well as paddle boarding, hiking and biking.

Architect Robert Glazier was chosen to design the resort, and Amanda Lindroth of Lindroth Design will lead the interior design of the property.

Construction financing was provided by United Bank’s Charleston offices.

Auberge Resorts Collection has 22 other hotels and resorts across the globe, recently winning accolades from Travel & Leisure’s 2021 World’s Best and Conde Nast’s 2021 Readers’ Choice awards.

Charleston leaders plan $30M project to improve Johns Island traffic

CHARLESTON, S.C. (WCSC) - Officials with the city of Charleston and Charleston County have announced a plan to address traffic concerns on Johns Island.Charleston Mayor John Tecklenburg said the plan is the result of collaboration between the city of Charleston and Charleston County and will tackle traffic flow problems at the intersection of Maybank Highway and River Road, portions of Maybank Highway and the northern and southern Pitchforks, Tecklenburg said.“Traffic congestion has been a huge issue coming and going on J...

CHARLESTON, S.C. (WCSC) - Officials with the city of Charleston and Charleston County have announced a plan to address traffic concerns on Johns Island.

Charleston Mayor John Tecklenburg said the plan is the result of collaboration between the city of Charleston and Charleston County and will tackle traffic flow problems at the intersection of Maybank Highway and River Road, portions of Maybank Highway and the northern and southern Pitchforks, Tecklenburg said.

“Traffic congestion has been a huge issue coming and going on Johns Island,” he said. “And it was accentuated when that traffic light got added down the street. And everyone came to the realization that we needed to go back and rethink what got done six or seven years ago, what’s been done since then and what can we do collectively and collaboratively to make it better and make improvements.”

The city and county laid out the main points of the plan:

“Pitchforks” means two new roads that will branch off of Maybank towards River.

“The current cost estimate sits somewhere between $25 and $30 million to do all of this,” Charleston County Councilmember Joe Boykin said.

Tecklenburg said the money will come from future sales tax and Department of Transportation funding and once permitted, will apply for federal funding.

The full construction funding will have to be identified and approved by both city and county councils, according to Tecklenburg.

The first goal for short-term, interim improvements to Maybank Highway are expected to be complete in the first quarter of 2024, Tecklenburg said.

Robby Lingenfelter who works on Johns Island said he’s hopeful about the project but still frustrated.

“They say that the northern pitchfork will be completed by the first quarter of 2024, that’s good,” he said. “Southern pitchfork they said will take years, so we’re still five to ten years from alleviating the issues we have now.”

He said the city and county have been meeting since June to address the traffic issues on Johns Island.

“It’s going to happen. We are committed to making that happen,” Tecklenburg said.

Some locals question the mayor’s timing.

“Hearing this press conference that is happening five days before an election, can’t help but notice that a lot of this was conceptual and funding for a lot of this isn’t even secured,” Logan Mcvey said. “So, this seems like more talk and a lot more traffic just sitting and waiting on stuff to happen.”

Tecklenburg’s response was that they needed enough vetting through engineers and design teams before the plans could be presented.

Charleston County Council member Jenny Huneycutt, Charleston City Council member Karl Brady and the city’s planning and traffic directors also attended the news conference.

WATCH THE CHARLESTON LEADERS ANNOUNCE THE JOHNS ISLAND TRAFFIC IMPROVEMENT PLAN BELOW

This is a developing story. Check back for updates.

Copyright 2023 WCSC. All rights reserved.

Johns Island could be getting not 1 but 2 new hotels

A newly proposed hotel would be one of the first on Johns Island if it comes to fruition.New Leaf Builders is proposing a 55,000-square-foot lodging, with an unspecified number of guest rooms, according to plans reviewed last week by the city of Charleston’s Technical Review Committee, typically the first official stop in the permitting process.The hotel is part of a larger mixed-used development to be called Jubilee. It includes 65 residential units, three restaurants an...

A newly proposed hotel would be one of the first on Johns Island if it comes to fruition.

New Leaf Builders is proposing a 55,000-square-foot lodging, with an unspecified number of guest rooms, according to plans reviewed last week by the city of Charleston’s Technical Review Committee, typically the first official stop in the permitting process.

The hotel is part of a larger mixed-used development to be called Jubilee. It includes 65 residential units, three restaurants and retail and office space.

The 3.27-acre property at 2935 Maybank Highway is just west of River Road. It was annexed into the city in 2017.

New Leaf did not respond to requests for comment about its plans last week. The company, which is headquartered on Johns Island, not far from the Jubilee site, builds homes in several residential developments in the Charleston region and in the Wilmington, N.C., market, according to its website.

The first hotel on Johns Island is well on its way. The Dunlin is set to open this summer at Kiawah River, a master-planned development off Betsy Kerrison Parkway. The luxury Auberge-operated boutique inn will offer guests 72 rooms, 19 villas, riverfront dining and a full-service spa, among other amenities.

MLK Day at IAAM

The International African American Museum is once again offering free admission, this time as part of a public celebration on Martin Luther King Jr. Day.

Registration for a timeslot is required for the waiver for tickets that are good from noon to 5 p.m. on Jan. 15. Local vendors, food trucks and other activities will be on the grounds of the IAAM, which opened its doors in June.

Earlier this month, the waterfront museum next to the Charleston Maritime Center offered free admission to commemorate Emancipation Day on Jan. 1.

Business

Tennis (jobs), anyone?

The 2024 Credit One Charleston Open is less than 90 days away, and organizers are courting would-be volunteers to ensure the women’s professional tennis tournament runs smoothly.

The annual WTA 500 event is a big visitor draw, attracting more than 90,000 attendees to Daniel Island each spring. It returns March 30-April 7 to Credit One Stadium.

Organizers are looking to recruit 350 volunteers to fill all sorts of roles, from ushering to maintenance, as well as 100 ball-crew members. The perks for the unpaid gig include tickets to a match, meal allowances and event apparel. Training and orientation sessions are required.

The tournament is run by The Charleston Place owner Ben Navarro’s Charleston Tennis LLC and Beemok Sports & Entertainment.

Debate surrounds proposed Johns Island medical village

JOHNS ISLAND, S.C. (WCSC) - Charleston County held a public hearing Tuesday night to discuss and hear from anyone interested in the development of a large medical village on Johns Island.The planned development, located between 4357 and 4365 Betsy Kerrison Parkway, called the Island Park Medical Village would take up more than 17 acres.The medical village has been a topic among residents of the islands for months now with polarizing opinions supporting and against the development.More than 30 people spoke during public c...

JOHNS ISLAND, S.C. (WCSC) - Charleston County held a public hearing Tuesday night to discuss and hear from anyone interested in the development of a large medical village on Johns Island.

The planned development, located between 4357 and 4365 Betsy Kerrison Parkway, called the Island Park Medical Village would take up more than 17 acres.

The medical village has been a topic among residents of the islands for months now with polarizing opinions supporting and against the development.

More than 30 people spoke during public comment and hundreds of letters were sent to the council in opposition.

RELATED: Neighbor worried about proposed development on Johns Island

Developers are requesting to rezone the land from low-density residential to large-scale medical office park with almost 160,000 maximum square feet of business space.

The medical village was proposed to Charleston County Planning Commission Members back on November 13 with all 7 members denying the zoning request.

Tuesday night, the questions raised included what types of medical options and concerns about traffic.

“We do agree that we need medical facilities, that we do need access,” Long-time Johns Island Resident, Tamara Butler, says. “My question is just what kinds of medical facilities are going to be there and what services are going to be provided.”

Almost 900 property owners on Kiawah Island were surveyed with 80% saying they are against the medical village and think the size of the project is too large.

“In this particular instance, the site of it, the location, the scope and the scale, feels out of character with the area of the island,” Lowcountry Land Trust President Ashley Demosthenes says.

However some community members want the development, sharing why the area needs accessible medical facilities closer to their homes.

“We lack health care. So, this project, the wellness village, actually helps alleviate a lot of that for us because now we’re going to go in a different direction,” Long-time Johns Island Resident, Jim Hart, says.

Developers say they have held meetings to hear from the community about what they want out of the project, and have reduced the project’s size by 25%.

“We care about the community. All we want to do is to provide a development that meets the needs of the people, to curtail the traffic and to allow people to have a choice,” project developer Jill Skerchek says.

With no action being taken, the developers will present the plan again in two weeks to the county council with any possible changes they make in the meantime.

Copyright 2023 WCSC. All rights reserved.

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