With 30 years in the industry

Mortgage Broker in Kiawah Island, SC

Ask us Anything843-478-5612

Book an Appointment

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 Kiawah 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 - Kiawah 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 Kiawah 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 Kiawah Island, SC
 Refinance Kiawah Island, SC

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

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

 FHA Mortgages Kiawah 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 Kiawah Island, SC.

Refinancing in
Kiawah 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 Kiawah 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 Kiawah 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 Kiawah 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 Kiawah 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 Kiawah 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 Kiawah Island, SC

Trust Dan Crance

Your Mortgage Lender in Kiawah 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 Kiawah Island loves Classic Home Mortgage.

After hours by appointment only. CONTACT DAN

Latest News in Kiawah Island, SC

Town of Kiawah Island takes action to protect Captain Sam Spit

CHARLESTON, S.C. (WCSC) - There’s been a back-and-forth battle over the potential development on a Kiawah Island sandy inlet for more than 15 years.An agreement between the developer that owns the property, known as Captain Sam Spit, and the town recently expired, and the town is now taking action to keep the land untouched.Two obligations were outlined in the contract that the developer did not fulfill, and this led to the town issuing a demand letter a few weeks back. The letter asks for those requirements to be carried...

CHARLESTON, S.C. (WCSC) - There’s been a back-and-forth battle over the potential development on a Kiawah Island sandy inlet for more than 15 years.

An agreement between the developer that owns the property, known as Captain Sam Spit, and the town recently expired, and the town is now taking action to keep the land untouched.

Two obligations were outlined in the contract that the developer did not fulfill, and this led to the town issuing a demand letter a few weeks back. The letter asks for those requirements to be carried out, according to the town.

The obligations in question are that the developer transfers ownership of some highlands on the spit to the community association, and that they protect the remaining highlands with deed restrictions.

“That means, since nothing has been developed, all of Sam Spit will be prohibited from being developed,” Kiawah resident Alex Fernandez said.

Kiawah Resort Associates said they formally responded to the town, but it is unclear what was said.

At a special-called town council meeting Wednesday afternoon, a motion was passed for the town’s legal counsel to pursue the town’s rights in enforcing what was laid out in the demand letter.

“The community is whole-heartedly behind this, there’s no doubt about it,” Fernandez said. “It’s a beautiful place and we want it to remain in the present state.”

Amy Armstrong, Executive Director of the South Carolina Law Enforcement Project, has played a large role in fighting to keep the spit untouched.

“Between the birds and the dolphins and the turtles, it’s just a very ecologically rich piece of land and once an area like this is developed, it’s gone forever,” Armstrong said.

The debacle has faced the South Carolina Supreme Court a handful of times.

Armstrong and Fernandez are passionate about protecting the land and the wildlife of Captain Sam Spit.

“We want to save these last remaining natural places from permanent destruction and loss,” Armstrong said.

“The Town of Kiawah Island has a duty to ensure the developer honors its obligations under the development agreement. This includes the conveyance and deed restriction obligations for Captain Sam’s Spit,” town officials said in a statement.

At the end of Wednesday’s meeting, it was said that after 15 years, maybe some kind of resolution is close.

Copyright 2024 WCSC. All rights reserved.

Private company offers to sell Captain Sams Spit to the state for 'a bargain sale price'

KIAWAH ISLAND — Kiawah Partners, the owner of Captain Sams Spit, has an offered to sell the disputed property to the state of South Carolina for $40 million.The offer, which was made in December, includes the transfer of Beachwalker Park, which is leased to Charleston County. Kiawah Partners would drop a lawsuit filed against the S.C. Department of Health and Environmental Control and the state in 2009, which alleges that the repeated denial of permits to build homes and infrastructure on the spit has resulted in financial loss ...

KIAWAH ISLAND — Kiawah Partners, the owner of Captain Sams Spit, has an offered to sell the disputed property to the state of South Carolina for $40 million.

The offer, which was made in December, includes the transfer of Beachwalker Park, which is leased to Charleston County. Kiawah Partners would drop a lawsuit filed against the S.C. Department of Health and Environmental Control and the state in 2009, which alleges that the repeated denial of permits to build homes and infrastructure on the spit has resulted in financial loss for the developer.

If the state refuses the offer, the lawsuit would proceed, extending a legal battle that’s been going on for more than 15 years over development rights on the land.

“It has become very clear ... just how important (Captain Sams Spit) is to so many different people,” said Chris Randolph of Kiawah Partners.

Because of legal interventions, building homes and infrastructure on the land no longer is an option. The offer would be a win for the state, a win for Kiawah Partners and its investors, and a win for those who want the spit to remain undeveloped, Randolph said.

“If we’re able to find this mutually beneficial solution with a bargain sale price to the state and putting to bed all of the potential liability, ... we think that is a deal that’s good for the state and really is a legacy for us and the island,” he said.

The “takings” case

Captain Sams Spit is a delicate, teardrop-shaped piece of sandy land on the southern tip of Kiawah Island.

From 2008 to 2022, Kiawah Partners (before 2013, it was called Kiawah Development Partners) attempted to secure permits to build 50 luxury homes on the property and the infrastructure needed to protect the area from flooding and erosion.

The S.C. Supreme Court eventually ruled to deny all permits and confirmed the spit’s value as a public, natural resource.

The lawsuit — Kiawah Development Partners II, LLC v. DHEC and the state — asks this question: How much is the developer losing by not being able to build homes on Captain Sams Spit as planned?

In 1992, the Supreme Court ruled on a similar question posed in David H. Lucas v. South Carolina Coastal Council. In that case, developer Lucas bought two lots on the Isle of Palms in 1986 to build homes on them. The Beachfront Management Act, passed by the state in 1988, prevented him from doing so.

Because he could no longer build homes on the property, Lucas filed a lawsuit claiming that this left the land essentially “valueless” and constituted a “taking” by the state. Lucas asked for compensation to make up for what was lost, and the U.S. Supreme Court ruled in his favor.

Kiawah Partners is using the Supreme Court decision as the basis for its case against DHEC and the state: Because Kiawah Partners cannot build homes and infrastructure on the spit, it is unable to make the money it counted on and this constitutes a “taking,” the suit claims.

To determine how much money has been lost, Kiawah Partners considered both the land’s depleted market value and vast resource value.

Putting a price on land like Sams Spit is not straightforward; value doesn’t always translate easily to dollars and cents, said Trenholm Walker, the attorney representing Kiawah Partners.

A 2020 appraisal by a third-party company, Valbridge Property Advisors, valued Sams Spit at $113 million. This appraisal assumed the proposed 50 single-family homes and infrastructure were to be built, which didn’t happen.

This value might be higher if these hypothetical houses had been erected then sold in the current housing market. Nearby, some homesites on Flyway Drive sell for around $11 million, Randolph noted. Using this as a reference, the 50 proposed homes on Sams Spit could have been worth around $500 million, he said.

Proposed Kiawah Island development brings concerns about traffic, stormwater

KIAWAH ISLAND, S.C. (WCSC) - Multiple four-story condominium complexes could be coming to Kiawah Island and residents there want the proposed plans to change.They have concerns about the potential project on Upper and Lower, or Ocean Pines, Beachwalker Drive and say development on the island should not be rushed.“The impacts are far-reaching for everyone on Kiawah Island, Johns Island, and people wanting to go to the public beach,” Kiawah resident Lance Spencer said. “The infrastructure costs that the city is ...

KIAWAH ISLAND, S.C. (WCSC) - Multiple four-story condominium complexes could be coming to Kiawah Island and residents there want the proposed plans to change.

They have concerns about the potential project on Upper and Lower, or Ocean Pines, Beachwalker Drive and say development on the island should not be rushed.

“The impacts are far-reaching for everyone on Kiawah Island, Johns Island, and people wanting to go to the public beach,” Kiawah resident Lance Spencer said. “The infrastructure costs that the city is going to have to bear and that taxpayers are going to have to bear are significant.”

Homeowners said they aren’t against development, but it needs to be done responsibly and they say what’s been proposed is far from it.

“We’re not naïve, we know the developers have the right to develop, but we just want them to develop more responsibly, meaning less density,” Homeowners Association representative for Kiawah Island Lynda Leffler said. “These two areas that they are trying to develop are the most dense on Kiawah Island.”

Their concerns include an uptick in traffic, stormwater management, and that the complexes won’t fit in with the surrounding communities.

“The additional building and construction that the partners and developers want to do is all just for profit with no consideration to the environment and the sensitivity of the environment to what is best for this community,” Kiawah Island property owner James Caltabiano said. “No consideration, it’s all just for profit.”

The complexes would be in a similar fashion to “The Cape” being built now on the island.

“It’s a monstrosity on the beach next to the county park that people come from all over to enjoy,” Caltabiano said. “Now they have The Cape to look at, and it’s terrible.”

Residents say the process to get this development approved has felt rushed and left little time for community feedback.

“The partners have a development agreement which expires December 4th of this year, so certainly they are trying to get everything approved before then, because in that development agreement they can put four stories on these buildings,” Leffler said. “We know they can do that, we just object to that and we wish they would tone it down to two stories.”

They said a two-story building would fit in with surrounding communities as well as address their other concerns.

“It would have a more positive impact on the environment,” Kiawah Island Cottage Association Board Member Cynthia Hadley said. “The stormwater retention is a huge issue in the sense that we experience more and more flooding as the ocean levels rise and the king tides come in. So, a smaller development is definitely what we’d like to see.”

To view the full proposed plans, click here and scroll down.

Copyright 2023 WCSC. All rights reserved.

Residents and Kiawah Conservancy voice opinions on proposed Health Village

JOHNS ISLAND, S.C. (WCIV) — Neighbors on Kiawah Island said they’re opposed to the plans for the Island Park Place Health and Wellness Village.“We just don't want it,” said Johns Island resident Tesha Nelson. “We wanna continue with the beauty of Johns Island to stay the beauty of Johns Island.”Collie Farah, the land preservation specialist with Kiawah Conservancy, said they are "talking about a development that is just under 130,000 square feet. That is a lot of impervious surface.&rdqu...

JOHNS ISLAND, S.C. (WCIV) — Neighbors on Kiawah Island said they’re opposed to the plans for the Island Park Place Health and Wellness Village.

“We just don't want it,” said Johns Island resident Tesha Nelson. “We wanna continue with the beauty of Johns Island to stay the beauty of Johns Island.”

Collie Farah, the land preservation specialist with Kiawah Conservancy, said they are "talking about a development that is just under 130,000 square feet. That is a lot of impervious surface.”

“The infrastructure that's here now on Betsy Kerrison just simply can't support a development of that size," he added.

They’re concerned not only about the size but the environmental impact.

“Not only is it disrupting wildlife habitat, but it's also filling in two acres of freshwater wetlands that are critically important for wildlife, but also stormwater mitigation,” Farah said.

Nelson adds: “It's going to affect the environment where, like I said, if we give one person to build, they'll build more. So they're going to take away from the beauty, the beautiful trees, the island that we all love.”

According to a press release from the Kiawah Conservancy, the developer has listened to concerns and made some changes since the initial presentation of the plan.

News 4 spoke with Councilmember Jenny Honeycutt, who represents this area and reminds people—right now, this is just a proposal.

“This is a plan development,” she said. “And so this would come to council and committee and then have to go through the three readings process at three council meetings. They still have not brought this to the county council for an actual vote in committee.”

Honeycutt admits she shares the environmental concern.

“This is a very high intense use, right next to a residential area on the border of the urban growth boundary. And I'm not so sure that that is the best use,” she said. “Again, I try to keep an open mind, but clearly, the folks in this area do not want to see something of this scale in this area.”

And though the Kiawah Conservancy has been very vocal about this development, they say they aren’t against the idea of the project, but rather the size.

“We have to learn to live with the environment and grow with the environment and not against it,” said Farah.

Honeycutt said unless the developer asks for another deferral, the revised plans will be presented in front of the Charleston County Public Works Committee on Thursday.

Based on the Charleston County Public Works recommendation, the plans will then be seen by the Charleston County Council.

Loading ...

Look Inside This Kiawah River, SC Home

One of South Carolina’s most enchanting locales, Johns Island boasts miles of shoreline with gorgeous coastal architecture. Only 20 miles from historic Charleston, the Kiawah River area is the region’s sole “agrihood” community, offering everything from a 100-acre working farm and goat dairy to active beehives and nature trails. Today, we’re touring the interior of one of the area’s custom homes, filled with luxe-modern details.We are grateful to all our sponsors:Built by Charleston-based ...

One of South Carolina’s most enchanting locales, Johns Island boasts miles of shoreline with gorgeous coastal architecture. Only 20 miles from historic Charleston, the Kiawah River area is the region’s sole “agrihood” community, offering everything from a 100-acre working farm and goat dairy to active beehives and nature trails. Today, we’re touring the interior of one of the area’s custom homes, filled with luxe-modern details.

We are grateful to all our sponsors:

Built by Charleston-based JacksonBuilt Custom Homes with interiors by Motif, this three-bedroom, three-and-a-half bath home was designed to reflect the area’s natural elements, such as driftwood, feather grass, and water. Moving to Kiawah to escape the Pennsylvania winters, the homeowners have created a retreat highlighting vaulted ceilings and a tranquil aesthetic.

“The front part of the home is the main living space with a beautiful, vaulted ceiling, plaster fireplace, and iron ‘turnbuckles,’ which add to the design goal of making this part of the house feel like the original homestead,” says Kimberly Jackson of JacksonBuilt Custom Homes.

We are grateful to all our sponsors:

Though the home sits on an irregularly shaped corner lot, the 2,950-square-foot abode blends in seamlessly with its surroundings. The exterior wows with its coastal farmhouse feel. A stunning live oak tree in the front yard offers a prominent natural feature for the homeowners and the surrounding community. The home is so beautiful, in fact, that it received a “Best in American Living Award” from the National Association of Home Builders! “The home is very natural and organic to the community’s 20 miles of shoreline, acres of maritime forest, and working farms. The large live oak tree in the front is the star of the landscape,” says Kimberly.

Working with architect Collin Cope to accomplish the design and aesthetic, the home offers materials and furniture that complement the outdoors.

All images courtesy of Keen Eye Marketing.

**********

Check out more inspiration from home interiors across the South!

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.