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

My name is Dan Crance - St. Andrews'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 St. Andrews, 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 St. Andrews, SC
 Refinance St. Andrews, SC

Why Choose Dan Crance As Your Mortgage Lender in St. Andrews, 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 St. Andrews, SC

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

 FHA Mortgages St. Andrews, 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 St. Andrews, SC.

Refinancing in
St. Andrews, 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 St. Andrews, 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 St. Andrews, 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 St. Andrews, 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 St. Andrews, 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 St. Andrews 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 St. Andrews, SC

Trust Dan Crance

Your Mortgage Lender in St. Andrews, 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 St. Andrews loves Classic Home Mortgage.

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Latest News in St. Andrews, SC

28 Upstate churches set to leave United Methodist Church

GREENVILLE, S.C. (FOX Carolina/AP) - 28 Upstate churches are set to leave the denomination at the end of June after their separation from the United Methodist Church (UMC) was approved over disputes about LGBTQ+ issues.The Upstate locations are among a total of 113 across South Carolina whose members voted to separate from UMC’s 2023 South Carolina Annual Conference, which “overwhelmingly approved the closure” of the churches, according to a ...

GREENVILLE, S.C. (FOX Carolina/AP) - 28 Upstate churches are set to leave the denomination at the end of June after their separation from the United Methodist Church (UMC) was approved over disputes about LGBTQ+ issues.

The Upstate locations are among a total of 113 across South Carolina whose members voted to separate from UMC’s 2023 South Carolina Annual Conference, which “overwhelmingly approved the closure” of the churches, according to a news release from the conference.

Conservative leaders within the United Methodist Church unveiled plans Monday to form a new denomination, the Global Methodist Church, with a doctrine that does not recognize same-sex marriage.

These churches, having completed the Local Church Discernment Process, determined that they can no longer function as a United Methodist church because they firmly believe that the denomination has not consistently upheld its stated doctrine on issues of human sexuality. The UMC Book of Discipline prohibits performing same-gender weddings and the ordination of “self-avowed practicing homosexuals.”

The move could hasten the long-expected breakup of the UMC over differing approaches to LGBTQ inclusion. For now, the UMC is the largest mainline Protestant church in the U.S. and second only to the Southern Baptist Convention, an evangelical denomination, among all U.S. Protestant churches.

“We pray for these churches that have chosen a different journey,” Bishop L. Jonathan Holston said after the vote. “May we also acknowledge that that which binds us will never leave us. In the midst of our separation, may we show each other the grace and love that you demonstrated through your sacrifice on the cross and your resurrection from the grave.”

Here’s a list of all the SC churches set to close effective June 30, 2023:

Anderson District

Charleston District

Columbia District

Florence District

Greenville District

Greenwood District

Hartsville District

Marion District

Orangeburg District

Rock Hill District

Spartanburg District

Walterboro District

MORE NEWS: Officials explain ‘loud boom’ heard in part of Upstate

Copyright 2023 WHNS. All rights reserved.

Elevation Church buys local movie theater

After six years of holding service in a temporary space, the church will now have a space to call their own.More VideosCOLUMBIA, S.C. — A local movie theater in the St. Andrews area in Columbia will transform into a church.Spotlight Cinema, a low-cost theater focused on second-run films, closed down weeks ago, and now Elevation Columbia will be moving into the space.Elevation Church has been hosting non-permanent s...

After six years of holding service in a temporary space, the church will now have a space to call their own.

More Videos

COLUMBIA, S.C. — A local movie theater in the St. Andrews area in Columbia will transform into a church.

Spotlight Cinema, a low-cost theater focused on second-run films, closed down weeks ago, and now Elevation Columbia will be moving into the space.

Elevation Church has been hosting non-permanent services for the past six years, where they would hold their Sunday service in the University of South Carolina's Pastides Alumni Center in downtown Columbia. But they didn't have a sanctuary, which meant they had to set up and tear down their setup every Sunday.

By purchasing this theater, however, they hope to have more permanent roots in the community.

"We are a family, and we want to be that for people," said Taylor Shytle, the campus pastor at Elevation Church. "I believe that as we are in the area with permanent roots, then people can grow up with us together, and we can grow together."

"We have a church that is heavily dependent on volunteers, so there are a lot of people that have served a lot of hours and put blood, sweat, and tears into this, put a lot of efforts and obedience and sacrifice, so this is really huge for us," Shytle said.

Armando Fabila is the owner of a local restaurant in the area. He said a new church nearby would be beneficial for his business. "Sundays are pretty busy for us; it's pretty much all day," Fabila said.

Fabila said his business has grown as more people move to the area.

"They help us a lot, keep us in business and help keep our families together," he said.

Shytle said he and the church are excited to call this area their new home.

"We're open to the broken, we're open to the hurting, we're open to the happy, we're open to the joyful," Shytle said. "This is the church that you can truly come as you are, not just the way you look, but come as you are from the inside out."

Church officials said they hope to open their doors at this new property this October.

RELATED: Historic Columbia church getting multi-million dollar addition

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'It's taken a toll': Disabled apartment resident forced to travel to get mail

A cluster of mailboxes at The Grove at St. Andrews apartments has been out of service for a month, forcing residents to travel to a nearby Post Office to get mail.COLUMBIA, S.C. — Tenants at a St. Andrews apartment complex say they can't get their mail on property. One resident who is disabled and doesn't own a car says he's spending money he doesn't have to travel to the Post Office.The apartment complex affected is The Grove at St. Andrews. ...

A cluster of mailboxes at The Grove at St. Andrews apartments has been out of service for a month, forcing residents to travel to a nearby Post Office to get mail.

COLUMBIA, S.C. — Tenants at a St. Andrews apartment complex say they can't get their mail on property. One resident who is disabled and doesn't own a car says he's spending money he doesn't have to travel to the Post Office.

The apartment complex affected is The Grove at St. Andrews. Residents tell News 19 this is happening because someone tampered with their mailboxes.

Under condition of anonymity, one resident explained how this problem started since at least the beginning of June.

"I've been here two years since we had the tragic incident at Allen Benedict Court. I'm one of the Allen Benedict Court residents," he explained. "Dealing with certain issues about this mailbox situation has really taken a toll on me."

RELATED: Residents concerned over hike in Columbia water bills

The tenant reached out to News 19 after he says apartment management wouldn't share how they're resolving the problem in a timely manner.

"The post carrier...said he noticed the mailboxes were tampered with and he didn't want to put anyone's important mail in there if something happened," the tenant explained.

In pictures sent to us by residents, a notice can be seen taped to one side of the mailboxes.

Credit: Courtesy: The Grove resident

It says those residents can get their mail at the Post Office instead on Briargate Circle.

Credit: Courtesy: The Grove resident

For the resident who notified News 19 about the problem, he says the 5-minute drive is a costly inconvenience.

Credit: WLTX

"I don't have transportation. I'm disabled, so I don't have nobody to come by and to rely on," he said. "I was catching a taxi almost every other day. That would cost me $15 to $16 dollars a trip."

Housing vouchers, medical and benefits papers are among the important letters he gets. He'll also take the DART bus, but says he can't afford to keep traveling to get mail, especially while on a fixed income.

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"Now I need household supplies and I need to figure out how I'm gonna do that," he explained. "I still need to pay my bills. Then the little money I have left over, I have to dip into that to go try to get my mail."

Friday afternoon, apartment management told News 19 they met with the Postmaster last week. After examining the mailboxes, management says it was recommended they buy a new mailbox instead of changing the locks and handing out new keys.

Right now, management says they're working on selecting the new mailbox. Before they install it, they say they'll need approval from corporate.

RELATED: Why Columbia residents may see a higher water bill

News 19 also reached out to USPS to see how they're helping resolve the situation.

In a statement, Rick Badie, a Strategic Communications Specialist for USPS said, “Rest assured, we take customer concerns seriously, remain committed to delivering mail in a timely manner, and appreciate customers’ patience. We are working with apartment management to address this issue and will make necessary adjustments in order to enhance our service performance. Our goal is to quickly address service issues that are brought to our attention.”

Mount Pleasant's iconic St. Andrew's Church heavily damaged by fire

A large early morning blaze at St. Andrew's Church in the Old Village consumed significant portions of the worship space and offices Sunday.“The Lord promises to bring beauty out of ashes,” Wood said Sunday, surveying the remains of the ministry center, “and we’re taking him at his word.”Wood received a call from a parishioner at 4:25 a.m. and hurried over to find the church he leads ablaze.Authorities who responded to the scene, including the Mount Pleasant Fire Department and the U.S. Bure...

A large early morning blaze at St. Andrew's Church in the Old Village consumed significant portions of the worship space and offices Sunday.

“The Lord promises to bring beauty out of ashes,” Wood said Sunday, surveying the remains of the ministry center, “and we’re taking him at his word.”

Wood received a call from a parishioner at 4:25 a.m. and hurried over to find the church he leads ablaze.

Authorities who responded to the scene, including the Mount Pleasant Fire Department and the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, have not publicly stated a cause for the fire. There were no reported injuries.

Much to the relief of Wood and his congregation, however, Mount Pleasant authorities contained the fire before it could spread to the adjoining historic chapel.

The ministry center, a large contemporary-style worship space, was built right behind it in 1996.

The chapel, a revered structure in the booming town that dates back to 1857, appeared mostly unharmed, although firefighters did have to pump water over it, said Greg Shore, a church spokesman.

With its iconic dark salmon-color paneling, the chapel is situated on Whilden Street and is draped in live oak trees. It was designed by famed architect E.B. White, who also designed the French Huguenot Church in downtown Charleston.

Hundreds of worshipers congregated outside St. Andrews on Sunday morning, many of them arriving for early morning services to find their church in flames and firefighters working to extinguish the blaze. Many covered their mouths with disbelief after seeing the ministry center roof engulfed in fire, then cave in.

Rebecca Ranucci and her family were driving to one of the services when she got word of the fire on social media.

Ranucci, 42, of Mount Pleasant, described reading the news and immediately sobbing.

“Not St. Andrew's,” she cried. “Not my St. Andrew's.”

Out of instinct, she recalled, Ranucci looked up at her husband — a firefighter — saying, “Fix this!”

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“We were so close (to the church) at that point, we came to see if there was anything we could do,” Ranucci said.

Services were canceled, and parishioners were encouraged to attend the church's other campuses in downtown Charleston and North Charleston.

"There are a lot of tears. A lot of tears," Wood said. "You tell yourself that it's a building, but a lot of people came to faith here. Marriages, baptisms, funerals."

St. Andrew's has been especially popular with the town's many young families. About 2,000 members attend its Mount Pleasant campus, which also runs a preschool.

The preschool will remain closed while church leaders and firefighters assess the damage, the spokesman said, warning that it is substantial.

"It's never good when you get a call from the rector at 4:30 a.m.," Shore said.

St. Andrew's, one of the area's largest houses of worship, had recently launched a building campaign called Imagine 2040 to address its growth. The church was one of the first in the area to introduce a contemporary worship style and has seen its membership boom since.

Back then, it was associated with The Episcopal Church. However, St. Andrew's Church split from the national body after ongoing disputes over scriptural interpretations and administrative controls. After, Wood was consecrated in 2012 as the first bishop of the Diocese of the Carolinas within the Anglican Church in North America, although he also still leads St. Andrew's.

Today, the church's services range from a more contemplative traditional style to others filled with lively families worshiping with guitars and drums.

Wood remained anxious Sunday morning to get inside the building. A waterfall flowed down the steps outside what had been his office.

As parishioners looked upon what used to be their place of worship Sunday, many wondered aloud about the fate of the large oak cross that towers above the interior of the ministry center.

By late morning, a photo taken by someone who had been inside the building had begun to circulate among members of the church.

There, amid charred remnants of the building and caved-in roof, stood the cross.

Residents clean up after flooding in St. Andrews area

Some residents say their apartments and cars were damaged due to Thursday's flash flooding.More VideosST ANDREWS, S.C. — Midlands residents started cleaning up Friday morning after their apartment complex experienced flooding Thursday night.On Thursday, flash flooding occurred between 6 and 7 p.m. and affected an area around St. Andrews Road in Irmo over to the Town of Lexington. A lot of the flooding impacted different apartments on Fernandina Road and Fox Run Lane.An official total is not yet in, but Ric...

Some residents say their apartments and cars were damaged due to Thursday's flash flooding.

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ST ANDREWS, S.C. — Midlands residents started cleaning up Friday morning after their apartment complex experienced flooding Thursday night.

On Thursday, flash flooding occurred between 6 and 7 p.m. and affected an area around St. Andrews Road in Irmo over to the Town of Lexington. A lot of the flooding impacted different apartments on Fernandina Road and Fox Run Lane.

An official total is not yet in, but Richland County estimates some parts of that area could have received 4 inches of rain in one hour.

One of the apartments affected by the rain was The Creek Apartments in the St. Andrew area.

"I thought it was time to evacuate because it really ain't safe. I got little girls so that's a major problem," said one resident.

RELATED: Heavy rains flood Irmo apartment complexes, streets

Heavy rain had water flowing through parts of the apartment complex. There's also a creek that runs through a part of the complex where the water followed through. The water receded around 8 p.m., according to officials.

Some residents say the water ended up inside their apartment.

"The tiles on my floor from the water getting up under it is coming up," said one resident. "I had water. There's water all up under my stairway up here."

Video sent to News 19 shows the water level coming up to the tops of tires on cars.

"My car will not even crank. That made it bad," said another resident. "Who's going to fix that? I've got to do that."

Residents who spoke to Street Squad but didn't want to be on camera say flooding happens too often at their complex.

They believe something needs to be done soon before it gets worse.

"My point is, every time it rains, what are we supposed to do? We supposed to keep cleaning up our houses? Either move us or they need to find a way to fix it," said a resident.

Street Squad reached out to management at the property and they say they plan on having a landscape engineer come next week. Management also looks to clean out draining ditches as well.

The American Red Cross says they'll be helping 20 people in Lexington County who were impacted by the flooding.

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