With 30 years in the industry

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

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

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

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

 FHA Mortgages Spartanburg, 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 Spartanburg, SC.

Refinancing in
Spartanburg, 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 Spartanburg, 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 Spartanburg, 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 Spartanburg, 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 Spartanburg, 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 Spartanburg 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 Spartanburg, SC

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Spartanburg, SC

Downtown Spartanburg: What to know about about new paid and validated parking on West Main

Five downtown Spartanburg businesses now have paid parking lots.The parking lots for Main Street Pub, Rockers Brewing, Cribbs Kitchen, Craft Axe Throwing and Streaking Birdies Golf, all at 226 W. Main St., are now virtually metered through XPressPark.All five businesses that use the lots now offer validated parking, eliminating the parking charge for their customers."We decided to implement this program to benefit both the onsite businesses and their customers," said Lianna Blanton, property mana...

Five downtown Spartanburg businesses now have paid parking lots.

The parking lots for Main Street Pub, Rockers Brewing, Cribbs Kitchen, Craft Axe Throwing and Streaking Birdies Golf, all at 226 W. Main St., are now virtually metered through XPressPark.

All five businesses that use the lots now offer validated parking, eliminating the parking charge for their customers.

"We decided to implement this program to benefit both the onsite businesses and their customers," said Lianna Blanton, property manager for Mid-South Management. "We’ve always had issues with non-customers parking and visiting neighboring establishments, and with the continued growth of downtown Spartanburg, the issue has only worsened."

Blanton emphasized Mid-South Management made the change, not the businesses.

"We are aware that some people may be unhappy about this, and we want to make sure that they don't direct their frustration towards the businesses," she said.

When using either lot, drivers need to scan a QR code on one of the blue and white signs in the parking lots with the rear-facing camera on their phone or text 102 to 98000. Once they have done so, they will go to a webpage to choose how long they will be parked. The next step is to put in their license plate number and credit or debit card information so they can pay for a virtual parking pass.

All five businesses that use the lots now offer validated parking, eliminating the parking charge for their customers.

What to know about XPressPark in downtown Spartanburg

Where can I park for free if I'm not visiting one of these downtown businesses?

There are options if you need a parking spot on that end of town and don't want to use the virtual parking system.

There is free 2-hour parallel street parking on Daniel Morgan Avenue, where it intersects with West Main Street. And there is free 2-hour parking on Spring Street, where it intersects with Broad Street.

If you don't want to parallel park, there is free street parking in front of the Herald-Journal (189 W. Main St) and more at the corner of West Main and Spring streets. More free parking is in front of the Love Where You Live mural.

Free parking lots are available next to the Herald-Journal, and City Hall (145 W. Broad St.), and across from the fire station on Broad Street.Samantha Swann covers city news, development and culture in Spartanburg. She is a University of South Carolina Upstate and Greenville Technical College alumna. Contact her atsswann@shj.com or on Instagram at @sam_on_spartanburg.

WATCH: Surveillance video shows plane falling, crashing in Spartanburg Co.

SPARTANBURG COUNTY, S.C. (WSPA) – It was around 10:30 on Sunday morning on Sharon Church Road and Highway 101 in Spartanburg County when a plane crashed killing one and injuring another.Video provided by Todd Timmons with Cabinet Masters Inc, a nearby business, shows the moments leading up to the plane falling and crashing into the field. Minutes later, first responders got the call.“The battalion chief on duty found an aircraft down in the field right behind us, he had two patients inside the aircraft and they were...

SPARTANBURG COUNTY, S.C. (WSPA) – It was around 10:30 on Sunday morning on Sharon Church Road and Highway 101 in Spartanburg County when a plane crashed killing one and injuring another.

Video provided by Todd Timmons with Cabinet Masters Inc, a nearby business, shows the moments leading up to the plane falling and crashing into the field. Minutes later, first responders got the call.

“The battalion chief on duty found an aircraft down in the field right behind us, he had two patients inside the aircraft and they were able to get those patients out and into the care of Spartanburg EMS,” said Richard Farr, deputy fire chief with Reidville Area Fire District. “Those patients were then airlifted to the closest hospital, I believe, in Greenville.”

Watch full video of the crash:

When first responders arrived at the scene, they said the victims were trapped at first, but they were eventually able to pull them out of the plane safely.

“They were conscious, but they were injured, and the extent of their injuries is unknown at this time,” said Farr.

The Reidville Fire Department was assisted by the Trinity Fire Department. They said that while this type of incident is a first for them, it didn’t slow anyone down in knowing what to do.

“The guys come together at a time like this, and they just really work together as a good team, you can’t ask for better,” said Farr.

The field where the crash happened is part of a 50-acre property owned by Phil Davis.

“Whitney Farr, who leases and farms the field, called me while I was at church and said that there had been a small plane crash into the field,” said Davis. “My first concern was for the pilot and any passengers on board that they would be okay or get medical help and get in good order.”

The fixed-wing single-engine plane is registered to Dan Witt, 60, of Lancaster, South Carolina, according to the plane’s registration with the Federal Aviation Administration (FAA).

7NEWS confirmed Witt the pilot of the plane during the incident. He was transported to Greenville Memorial Hospital Sunday morning.

The Spartanburg County Coroner’s Office pronounced him dead Monday night around 10:30 p.m.

The FAA said they are investigating now to learn the cause of the crash. A forensic exam will be performed Tuesday as it is protocol for anyone involved in an aviation crash.

Michelin to host job fair in Spartanburg Co.

SPARTANBURG COUNTY, S.C. (WSPA) – Michelin is hosting a job fair Wednesday in Spartanburg County.The job fair will be from 8 a.m. to 3:30 p.m. at SCC Tyger River Campus located at 1875 E. Main Street in Duncan.Michelin is hiring production operators for its Spartanburg location.Candidates can apply online prior to attending the hiring event.Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, bro...

SPARTANBURG COUNTY, S.C. (WSPA) – Michelin is hosting a job fair Wednesday in Spartanburg County.

The job fair will be from 8 a.m. to 3:30 p.m. at SCC Tyger River Campus located at 1875 E. Main Street in Duncan.

Michelin is hiring production operators for its Spartanburg location.

Candidates can apply online prior to attending the hiring event.

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Laptop or Chromebook: Which is better for college?

Laptop Computers / 15 hours ago

Is a laptop or a Chromebook better suited for college? Both have similar functions yet are vastly different, so there are a few factors to consider.

It’s about to be ‘cute dog fall’ with these adorable …

Clothing & Accessories / 15 hours ago

Dog sweaters can make for adorable photos, but some dogs may need an extra boost of warmth once the temperatures get chillier.

Roomba i4 EVO vs. i8+: Which is best for you?

Vacuums / 1 day ago

The BestReviews Testing Lab put both the Roomba i4 EVO and i8+ to the test, noting navigation, carpet performance, hardwood performance, suction and more.

Top Stories

World News

View All World News

WSPA 7NEWS Video

59 mins ago

More Videos

WSPA Videos

South Carolina high school football scores for SCHSL Week 1 of the 2023 season

Here are South Carolina High School football scores from Week 1 of the 2023 SCHSL season:Abbeville 35, Powdersville 34Appling County, Ga. 54, Aiken 13Ashley Ridge 33, Cane Bay 12Aynor 30, Kingstree 14Belton-Honea Path 43, Westside 28Ben Lippen 21, Heathwood Hall ...

Here are South Carolina High School football scores from Week 1 of the 2023 SCHSL season:

Abbeville 35, Powdersville 34

Appling County, Ga. 54, Aiken 13

Ashley Ridge 33, Cane Bay 12

Aynor 30, Kingstree 14

Belton-Honea Path 43, Westside 28

Ben Lippen 21, Heathwood Hall 14

Berkeley 34, Hanahan 33

Bethesda Academy, Ga. 44, John Paul II 0

Blythewood 35, Richland Northeast 18

Boiling Springs 55, Mauldin 0

Brookland-Cayce 49, Airport 0

Broome 49, Chesnee 20

Camden 59, Lugoff-Elgin 6

Cardinal Newman 55, Pee Dee Academy 7

Central 35, Monroe Parkwood, N.C. 3

Chapin 63, Mid-Carolina 0

Chapman 17, James F. Byrnes 14

Chester 38, Fort Mill 24

Clinton 49, Laurens 7

Crescent 58, Dixie 7

BIG NIGHTS IN ANDERSON, PICKENS:Here are the Spartanburg-area high school football top performers from Week 1

Cross 46, Hemingway 8

Denmark-Olar 22, Bamberg-Ehrhardt 15

Dillon 38, Lamar 6

Dorman 34, North Augusta 13

Edisto 30, Williston-Elko 19

Fairfield Central 33, Andrew Jackson 16

Fort Dorchester 34, Beaufort 17

Francis Hugh Wardlaw Academy 28, W. Wyman King Academy 12

Franklin County, Ga. 28, Pickens 11

Gaffney 63, Union County 7

Gilbert 35, Batesburg-Leesville 7

Hampton County 41, Allendale-Fairfax 8

Hartsville 55, Darlington 26

Hillcrest 41, Greer 20

BIG NIGHTS IN GREENVILLE:Greenville County's top performers in Week 1 of the high school football regular season

Hilton Head Island 29, Claxton, Ga. 12

Irmo 56, Lancaster 18

J.L. Mann 42, Riverside 14

James Island 51, R.B. Stall 0

Jefferson, Ga. 30, Wren 14

Lake View 38, Mullins 14

Lakewood 20, Fox Creek 3

Latta 55, East Clarendon 18

Laurence Manning Academy 34, Pinewood Prep 19

Lee Central 34, Great Falls 6

Lexington 59, South Aiken 27

Lincoln County, Ga. 49, McCormick 6

Loris 27, North Myrtle Beach 21

Lucy G. Beckham 43, Wando 0

Manning 50, Scott's Branch 0

Marion 32, Wilson 24

Marlboro County 30, Cheraw 17

Midland Valley 21, Strom Thurmond 16

Myrtle Beach 51, Conway 14

Ninety Six 54, Ware Shoals 18

Northside Christian 18, Greenwood Christian 17

Patrick Henry Academy 33, St. John's Christian Academy 6

Philip Simmons 41, St. James 30

River Bluff 56, Swansea 7

Saluda 55, Ridge Spring-Monetta 18

Sandy Creek, Ga. 41, Greenwood 7

Seneca 40, Palmetto 0

Silver Bluff 46, Socastee 0

South Florence 28, Oceanside Collegiate Academy 6

South Pointe 35, Rock Hill 13

Spartanburg 17, Dutch Fork 6

BIG NIGHTS IN SPARTANBURG:Here are the Spartanburg-area high school football top performers from Week 1

Summerville 33, Carolina Forest 26

Sumter 42, Ridge View 19

T.L. Hanna 28, Greenville 17

Travelers Rest 60, Wade Hampton (G) 27

Waccamaw 21, Carvers Bay 19

West Florence 28, Lake City 0

West Oak 35, Carolina High and Academy 12

Whitmire 32, Spartanburg Christian 19

Williamsburg Academy 52, Palmetto Christian Academy 6

Woodmont 48, Walhalla 28

EMF Enters Greenville-Spartanburg, SC As Salem Downsizes Its Holdings.

Salem Media Group is making another adjustment to its radio holdings, this time striking a deal to sell all its full-power stations in the Greenville-Spartanburg, SC market. The buyer is Educational Media Foundation, which will pay $6,775,000 to buy classic hits “95.5/103.3 Earth FM” WLTE/WRTH and talk “The Answer 94.5 FM” WGTK.The filing with the Federal Communications Commission says EMF will program its contemporary Christian “K-Love” network on WGTK with its sister “Air1” network cle...

Salem Media Group is making another adjustment to its radio holdings, this time striking a deal to sell all its full-power stations in the Greenville-Spartanburg, SC market. The buyer is Educational Media Foundation, which will pay $6,775,000 to buy classic hits “95.5/103.3 Earth FM” WLTE/WRTH and talk “The Answer 94.5 FM” WGTK.

The filing with the Federal Communications Commission says EMF will program its contemporary Christian “K-Love” network on WGTK with its sister “Air1” network clearing on WLTE and WRTH. Ahead of closing, EMF will clear its religious networks on the stations under a $26,000 per month network affiliation agreement with Salem. The purchase gives EMF a new market although its Charlotte “K-Love” affiliate WLXK (88.3) does get into parts of the Greenville-Spartanburg market.

Despite the sale, Salem will not exit market No. 57 completely. It will retain the Travelers Rest, SC-licensed FM translator W245CH at 96.9 which airs a gospel format as “Rejoice 96.9” fed off the HD3 channel of WGTK. And it will retain the Greenville, SC-licensed W275BJ at 102.9. It is fed off the HD2 channel of WGTK as “Poder 102.9” which it leases to HHR Media.

Nielsen says WRTH’s classic hits format pulled a 2.4 share (12+) during July. It has been the only classic hits station in the Greenville-Spartanburg market, although iHeartMedia owns adult hits “102.5 The Lake” WMYI, which had a 5.1 share in July.

Salem’s talk WGTK also had a 2.4 share in July according to Nielsen. It trails the 5.7 share that Audacy’s “98.9 Word” WYRD had, as well as “South Carolina Public Radio” WEPR’s 2.8 share.

Earlier this month Salem announced it was looking for an additional $10 million in operating cost cuts, including eliminating employees’ 401(k) profit-sharing match, banning non-essential travel, restructuring some general manager positions so that some general managers now oversee multiple markets, and implementing pay cuts for senior management. “We continue to look for additional efficiencies as we navigate the challenging economy,” CEO David Santrella said during a conference call with analysts.

The company is also working to come to an agreement with its lenders after it fell out of compliance with the terms of its debt due to declining earnings and cash flow. In order to stave off any bank actions due to the technical default, Salem has agreed to pay higher interest on its debt until it comes back into compliance.

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.