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

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

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

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

 FHA Mortgages Lexington, 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 Lexington, SC.

Refinancing in
Lexington, 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 Lexington, 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 Lexington, 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 Lexington, 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 Lexington, 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 Lexington 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 Lexington, SC

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Lexington, SC

Lexington restaurant employees haven’t been paid in weeks. Now it’s temporarily closed

Alodia’s Italian restaurant in Lexington has temporarily closed its doors after staff said their checks have bounced and they have not been paid for two weeks.Lauren Brunson, who worked for tw...

Alodia’s Italian restaurant in Lexington has temporarily closed its doors after staff said their checks have bounced and they have not been paid for two weeks.

Lauren Brunson, who worked for two years as one of three managers at the restaurant, said issues began June 20 when several staff members were unable to cash their checks.

By June 28, managers at the West Main Street restaurant had decided to have a “cash-only day” in an attempt to pay staff. At the end of the day, employees decided to close the restaurant.

“I mean, it’s the end of the month and the beginning of a new month. I mean, everybody has bills due,” Brunson said. “The number one thing that you’re supposed to do for your employees is keep them happy, keep them paid. And when that’s not happening, I would have had so much more respect for (the owner) if he had addressed the issue.”

According to Brunson, Alodia’s owner Adam Huneau is currently on vacation and has not communicated with staff members about their concerns.

Zoe Spires, a former server at the Alodia’s for about two and a half years, took to Facebook before June 28, asking for any customers visiting to pay with cash. Spires said she thought getting word about the situation out to the community was important.

“I wanted people who go to Alodia’s to know that the tips that they’ve been leaving their servers wasn’t coming to us,” Spires said. “The money they spend is going to someone who doesn’t care about his employees.”

In her Facebook post, Spires said that while some employees were paid or given cash from the general manager’s personal account, multiple staff members were still waiting on money from working Monday.

Huneau replied to Spires’ post but otherwise has not publicly commented on the situation.

“Zoe is correct, there has been a cash flow issue for sure,” Huneau wrote on Spires’ post. “We are actively pursuing measures to correct it and it will be rectified.”

Huneau commented that the lack of pay was not intentional and said he plans to compensate Spires and reopen the restaurant. Spires said that she has yet to be compensated.

“It’s been a very challenging three years. I would appreciate everyone’s support when we reopen as we did recently at the Irmo store,” Huneau wrote in a comment. “Lexington will reopen and continue to serve the great community there.”

Alodia’s serves Italian food, featuring a variety of homemade pasta dishes for dinner. In 2019, Huneau was named the South Carolina Small Business Person of the Year by the Small Business Administration.

Brunson and Spires said checks had bounced before this month but that the problem was always resolved in the past.

According to Spires, Alodia’s was typically a popular and busy restaurant in Lexington. Brunson said the staff had a strong relationship with each other and the community.

“We’ve had our regulars, and that’s also part of what makes me really sad is that we’ve gotten to know the community,” Brunson said. “That’s also been ripped away from us, all those relationships.”

In the comments under Spires’ post, community members offered jobs and expressed their concerns about the situation while other employees explained their shared experiences.

“This sounds like less of a community problem and more of an illegal work situation. After not being paid, i sure wouldn’t return for more. File a wage complaint and move to a more reliable place. I’m sorry you are dealing with this,” one person commented.

Spires said she and other employees plan to take legal action.

“We all agree that this legal action should be done because not only has it affected our livelihood, but also our mental state on all of us who are extremely upset,” Spires said. “We work our butts off, and we work to pay for the things that we have.”

The restaurant’s Irmo location, 2736 North Lake Drive, is still open.

High School in Lexington receives two bomb threats in first few days of school

LEXINGTON, S.C. (WIS) - White Knoll High School received two bomb threats in the first couple days of school, according to a district message sent to parents and staff.White Knoll High School is a part of Lexington County School District One and students returned to the classrooms after summer break on Aug. 9.The school received a bomb threat on Tuesday and Wednesday, the district message said.The threats had “a very low probability of being credible” and sweeps by law enforcements and school administrators w...

LEXINGTON, S.C. (WIS) - White Knoll High School received two bomb threats in the first couple days of school, according to a district message sent to parents and staff.

White Knoll High School is a part of Lexington County School District One and students returned to the classrooms after summer break on Aug. 9.

The school received a bomb threat on Tuesday and Wednesday, the district message said.

The threats had “a very low probability of being credible” and sweeps by law enforcements and school administrators were conducted on the campus and building.

WIS News 10 is working to confirm the results of the investigation.

Read the text from the emails sent out to parents signed by Principal Nicholas Pearson here:

Aug. 15:

“Dear White Knoll High Students, Employees and Families, WKHS was notified by law enforcement of a bomb threat directed at our school this morning. The threat had a very low probability of being credible. However, law enforcement, school & district administrators conducted a thorough sweep of the building and campus as a precaution. We are working diligently to minimize any disruptions and to ensure that our school day continues as smoothly as possible. Employees and students can help keep our school safe by remembering to say something if you see something that doesn’t look or feel right. Having a threat directed at our school is concerning and frustrating, especially considering the hard work our employees and students have put in to have a great start to the school year. Please know that we are committed to investigating all threats thoroughly and dealing aggressively with those responsible to the fullest extent of the law, regulations and policy. Thank you for your continued support.”

Aug. 16:

“WKHS was once again notified by law enforcement of a bomb threat directed at our school this morning. Again, the threat has a very low probability of being credible. However, law enforcement, school & district administrators will conduct a thorough sweep of the building and campus as a precaution. Because of this, we are implementing the “Hold” safety response while we investigate and search the campus. The “Hold” response is part of the “Standard Response Protocol” used by school districts nationwide. During a “Hold”, school administrators clear the hallways and students and employees remain in the classrooms and teaching and learning continued. Click here if you would like to learn more about the Standard Response Protocol. Please know that we are committed to investigating all threats thoroughly and dealing aggressively with those responsible to the fullest extent of the law, regulations and policy. Again, we want to reiterate that school is continuing as normal while taking the necessary safety precautions, despite these threats that have little credibility.”

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Rare $2M trip-and-fall verdict awarded to senior woman hurt in Lexington County accident

A Lexington County resident recently was awarded $2 million by a jury after offering to settle for less than 10% of that amount following a trip-and-fall accident at a county-managed facility.Donna ...

A Lexington County resident recently was awarded $2 million by a jury after offering to settle for less than 10% of that amount following a trip-and-fall accident at a county-managed facility.

Donna Roland sued Lexington County in October of 2020 after she says she tripped and fell while stepping down from a curb leaving the Lexington County Auxiliary Administration building, located at 605 West Main St. She visited the location to drop off an absentee ballot as a means of taking safety precautions while voting during the height of the COVID-19 pandemic.

As a result of the fall, Roland, who was 60 years old at the time, broke her arm in two places and had to undergo surgery 10 days later, according to Robert Goings, Roland’s lawyer.

Roland incurred $92,000 in medical bills and offered to settle with the county for $150,000, but Lexington County declined that offer.

Two-and-half years after the fall, a three-day trial ensued in a Lexington County court. And in less than 25 minutes on Wednesday, a unanimous $2 million verdict was announced in Roland’s favor. Judge Walton McLeod presided over the trial.

It was first time in Goings’ 15-year career that he’s seen a verdict so large in a county that’s historically conservative and reluctant to award such large monetary verdicts.

“I think this verdict reflects that Lexington County citizens are fed up with Lexington County government taking their tax dollars and doing nothing,” Goings said. “And the question is how many more citizens have to fall and get severely hurt before the county does the right thing and fix the sidewalk?”

Goings said Roland fell because of a channel or gap — about 3 inches wide and a half-inch deep — between the sidewalk and curb in front of the Lexington County Auxiliary Administrative building. Unaware of the defect, Goings said his client’s foot got caught in the gap as she was leaving the sidewalk and attempting to step down from the curb.

In their reply to the suit, lawyers for Lexington County argued, among other things, they lacked notice of the sidewalk’s condition because there hadn’t been a reported fall or complaint about the sidewalk area where Roland fell in the 19 years since the county bought the building in 2001 before Roland’s 2020 fall.

Goings, however, argued — and the jury agreed — that just because no one had fallen or complained about the sidewalk’s condition prior to Roland, it didn’t excuse the county of notice. But even if it had, the county’s risk manager, Sarah Lind, ultimately testified in a deposition that the county was in fact aware of the defect and that repairs were a “top priority,” according to Goings.

Lind “said it was a top priority and that they were going to get the (sidewalk) fixed,” Goings said. “Guess what? They never fixed it. And the testimony was that it would only take one or two bags of concrete at about $15 a bag to fix this.”

In his closing arguments, Goings delivered two 50 pound bags of concrete to the defense, a move he said resonated with the jury.

“I said (during my closing) what’s cheaper: ‘Nearly $100,000 in medical bills and permanent injury or two bags of concrete?’” Goings said. “The county lawyers left the bags of concrete in the courtroom and didn’t take it, so I dropped the bags off to the voter registration office after the trial in order to speed up their efforts to fix this dangerous condition.”

Efforts by The State to reach lawyers for Lexington County were unsuccessful.

Popular bagel sandwich shop Sully’s Steamers to open Lexington location. Here’s where and when

Don’t worry, Lexington. You’re also going to get a chance to get your hands on some steamed bagel sandwiches.Sully’s Steamers, the sandwich franchise that has long been popular in ...

Don’t worry, Lexington. You’re also going to get a chance to get your hands on some steamed bagel sandwiches.

Sully’s Steamers, the sandwich franchise that has long been popular in the Upstate and is known for its wide variety of sandwiches served on steamed bagels, recently opened a shop at 2835 Devine St. in Columbia. Now, franchisee Michael Stuckey confirms that Sully’s has set its sights on its next Midlands location, which will be in neighboring Lexington.

Stuckey said the Lexington spot will be at 5580 Sunset Blvd., in the Kitty’s Corner shopping center. The Sully’s restaurant will be going into the space that was formerly a Kitty’s Hallmark store. That’s right next door to Menchie’s frozen yogurt shop.

“We are hoping to be open there in mid-November, if everything works out well,” Stuckey told The State. “If not, it will be very early December.”

Sully’s Steamers has long had a location on East Washington Street in bustling downtown Greenville, and it also has Upstate locations in Clemson, Simpsonville, Mauldin and Spartanburg, as well as a spot in Brevard, N.C.

Aside from the recently opened Columbia shop and the coming Lexington spot, Stuckey also has plans to open Sully’s restaurants in several other Midlands areas, including West Columbia, Irmo and Forest Acres, though exact locations for those units have not yet been finalized.

The Lexington County Chronicle first reported the location of Sully’s Steamers in Lexington.

The response to the Devine Street Sully’s, which opened June 26, has been tremendous, Stuckey said.

“There has been a perfect mix of customers (visiting the Columbia shop) who have been to the Sully’s in Greenville, who already were fans of Sully’s, and people from the local community,” Stuckey said. “I grew up maybe 10 blocks away, right off of Rosewood, and Devine has always been a place, for me, that needed a more family-friendly spot, with some outdoor space.”

The Sully’s in Lexington will be along a very busy thoroughfare. About 35,000 cars per day pass down that stretch of Sunset Boulevard, per state Department of Transportation data. There are a host of shops, restaurants and other businesses in the area, including a Walmart, a Chick-fil-A, Ganbei Japanese restaurant and many others.

“We looked for a while in Lexington, and we were kind of going between Main Street and (Sunset Boulevard),” Stuckey said. “Everyone who lived in Lexington that I knew said (Sunset) was where we should go. Traffic is heavy, yes, but it flows.”

Sully’s menu has a plethora of bagel steamers, including the Nachos Maximus, which has turkey, cheddar, lettuce, honey mustard, parm-peppercorn and Doritos (the chips are on the sandwich), and the Hulk, which features turkey, pepperoni, salami, onions, provolone, cheddar and Italian dressing. The also have a number of breakfast steamers.

Longtime South Carolina country store is 'hidden gem' that takes you back in time

LEXINGTON, S.C. —The next time you're headed to Columbia or the beach and get a hankering for the taste of Southern cooking, you'll want to go back in time to a country store that's well worth the detour.Four Oaks Farm Country Store is a family-owned fourth-generation business specializing in pork products, according to owner Michael Mathias.Very LocalIt sits just off the Interstate 20 interchange with Highway 1, about 10 miles west of Columbia.Customer Natalye Clark describes it this...

LEXINGTON, S.C. —

The next time you're headed to Columbia or the beach and get a hankering for the taste of Southern cooking, you'll want to go back in time to a country store that's well worth the detour.

Four Oaks Farm Country Store is a family-owned fourth-generation business specializing in pork products, according to owner Michael Mathias.

Very Local

It sits just off the Interstate 20 interchange with Highway 1, about 10 miles west of Columbia.

Customer Natalye Clark describes it this way: "This is a hidden gem that that a lot of people don't know about."

The store is named after the four large oak trees growing in the front yard of the Mathias family home, which stands about a hundred yards or so behind the building.

Four Oaks is just like those trees, having "stood the test of time and weathered the storms of change for nearly 85 years now," according to the store's website.

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Very Local

Along with everything pork, including lots of bacon, the store also sells locally-grown fresh produce when it's in season, jams, jellies, preserves, canned vegetables and pimento cheese.

Two chefs on staff prepare everything from chicken salad to lasagna, Mathias says.

For adventures in the kitchen, they even have a cookbook that features handed-down family recipes for favorites like Southern chow chow and biscuits.

Mathias says the store's "bread and butter" is its gift boxes that are shipped all over the country year-round from the packing and shipping warehouse that supports the mail order division of the corporation.

Grandma would never have believed her country store would get so big time.

Learn more about Four Oaks Farm Country Store and other Lexington attractions by streaming Very Local's "Eat, Play, Stay."

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