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

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

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

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

 FHA Mortgages Summerville, 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 Summerville, SC.

Refinancing in
Summerville, 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 Summerville, 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 Summerville, 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 Summerville, 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 Summerville, 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 Summerville 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 Summerville, SC

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Summerville, SC

Multi-use pathway wanted in Summerville; how it affects Highway 61 improvement plans

SUMMERVILLE, S.C. (WCSC) - People that live in Dorchester County are raising safety concerns for cyclists and pedestrians ahead of next week’s South Carolina Department of Transportation’s public information meeting.This meeting will discuss future improvements for Highway 61, but some people are not satisfied with the current plan.The ...

SUMMERVILLE, S.C. (WCSC) - People that live in Dorchester County are raising safety concerns for cyclists and pedestrians ahead of next week’s South Carolina Department of Transportation’s public information meeting.

This meeting will discuss future improvements for Highway 61, but some people are not satisfied with the current plan.

The SCDOT’s Rural Roads Safety Project’s purpose is to improve safety for a section of Highway 61 between Boone Hill Road to Bacons Bridge Road in Dorchester County. South Carolina currently has the highest traffic fatality rate in the country, according to the SCDOT website,

Pete Poore, Director of Communications for SCDOT, says he wants this project to help solve that.

“The main goal is safety,” Poore said. “The idea is to prevent run-off the road crashes and save lives. These techniques have proven to reduce crashes and fatalities by 50%, so we hope even more, if possible.”

Some of these improvements will include rumble strips, guardrails and wider shoulders. However, people that live along this road say they want the SCDOT to prioritize their safety without a car before when they are in a car.

Erica Malachowski, a Legend Oaks resident and leader for Bike/Walk Summerville, says she worries for the kids’ safety when getting to school.

“Our main safety concerns really aren’t just about vehicle crashes,” Malachowski said. “Our safety concerns are, really, connectivity on this road. We have, last year, about 7,000 people that live in this basically 3-mile stretch. We all can’t connect to each other. There’s no safe way for children to ride their bike to any of the four schools that are on this road without a chance of being hit by a car.”

Alan Saracina, a Summerville resident and cyclist on this road for 20 years, says the current roads are extremely unsafe.

“It’s not that bad for vehicles, but it’s horrible for bicycles and for people to walk on or to push a stroller on or to ride your bike on,” Saracina said. “I mean, there’s no shoulder, there is a small rumble strip that you kind of have to dodge, you’re dodging potholes, and you got to watch for cars and dump trucks. It’s like, really, the most unsafe section of the road there is.”

The SCDOT says they do not have a multi-use pathway on their to-do list, but it could come from the Berkeley-Charleston-Dorchester Council of Governments once they get the funding.

Daniel Brock, BCDCOG regional strategist, provided this statement when asked about the project:

“While a desirable goal for this dangerous stretch of highway -- which saw 243 crashes in a recent four-year period – is a shared-used path, there are other cost-effective measures that could potentially be considered in the meantime as part of SCDOT’s proposed safety project. Some examples, such as sidewalk replacement, lighting and crosswalks would greatly improve safety, connectivity and access for Dorchester County residents in this rapidly growing area, who have a chance to voice their views online via the project website or during an in-person public meeting next week.”

Sandy O’Keefe, Summerville resident and another leader for Bike/Walk Summerville, says she is ready to share her thoughts at the meeting next week.

“This is a residential area,” O’Keefe said. “This is not a major highway. There’s cars that fly up and down this road like it’s a major highway, but it’s not. It’s residential. There needs to be some sort of access for kids to be able to ride their bikes to school and walk to school.”

The SCDOT will hold a public information meeting about these improvements on July 14 at Ashley Ridge High School from 5 p.m. to 7 p.m. The public can write comments online, by mail or in person at the meeting.

Copyright 2022 WCSC. All rights reserved.

Elmore sets the tone for the Green Wave defense

The anchor for Green Wave defense this season is its secondary and senior Keith Elmore Jr. is one of the anchors for that group.Elmore is a three-year starter for the Wave who already has Division 1 scholarship offers. Most often he lines up at safety, but he is one of the more versatile athletes on the team so he sometimes moves into a different role.“Keith plays multiple spots for us,” Summerville coach Ian Rafferty said. “We have him moving around doing a bunch of different things and he really excels at al...

The anchor for Green Wave defense this season is its secondary and senior Keith Elmore Jr. is one of the anchors for that group.

Elmore is a three-year starter for the Wave who already has Division 1 scholarship offers. Most often he lines up at safety, but he is one of the more versatile athletes on the team so he sometimes moves into a different role.

“Keith plays multiple spots for us,” Summerville coach Ian Rafferty said. “We have him moving around doing a bunch of different things and he really excels at all of them.”

Excel is exactly what he did in Summerville’s season opener Aug. 26 as he helped the Wave earn a 38-7 victory over Carolina Forest. Elmore helped the defense limit the Panthers to only 28 rushing yards and 101 passing yards.

Elmore intercepted a pass in the third quarter and returned it 30-plus yards into the end zone for a touchdown to put Summerville ahead 31-0. His seven tackles in the game tie him for third most on the team. Outside linebacker Jaidyn Penix led with 10 tackles and lineman Josh Matusik had eight.

The Summerville secondary is talented and features some seasoned players, but is relying on some athletes who don’t have much varsity experience yet. Elmore isn’t concerned.

“We have some younger backups but we trust those guys because they put a lot of work in during the down season,” he said. “We feel like if one of the older guys goes down we can trust them to contribute the same amount.”

He is focused and looking to make the most of his senior season.

“I’m really just excited about having fun during the last year I have with these guys and having a good time playing football; doing what I love,” Elmore said. “We make a lot of adjustments with our defense so I need to focus on making the right calls and doing whatever I need to do in order to be in the right place at the right time.”

Summerville has one of the most storied football programs in the state so Wave coaches set the bar high for their athletes. As a three-year starter, Elmore is expected to set the tone for his teammates.

“I want to live up to those high expectation,” he said. “It’s Summerville football so everyone is coming for us and we have to execute whatever it is our coaches want us to do in order to succeed.”

Elmore is also a member of the Green Wave track and field team who has participated in the long jump, high jump and javelin events the past two years.

Sagebrook Home establishing operations in Berkeley County

$80 million investment creating 117 new jobs COLUMBIA, S.C. – ...

COLUMBIA, S.C. – Sagebrook Home, a global home décor brand, today announced plans to establish operations in Berkeley County. The company’s $80 million investment will create 117 new jobs.

Founded in 2015, Sagebrook Home’s portfolio includes over 10,000 products including furniture, accessories, wall art, garden decor, lighting and more. The company is a leader in delivery, fulfillment and drop shipping to customers worldwide.

Located at 574 Trade Center Parkway in Summerville, Sagebrook Home’s Berkeley County facility will serve as a 500,000-square-foot, state-of-the-art distribution center for the company’s home décor and wholesale operations.

Operations are expected to be online in May 2022. Individuals interested in joining the Sagebrook Home team should visit the company’s contact page.

The Coordinating Council for Economic Development has awarded a $100,000 Set-Aside grant to Berkeley County to assist with the costs of site preparation and building construction.

QUOTES

“As Sagebrook Home continues to grow, the decision to distribute from both the East and West Coasts seemed a natural evolution. With the rising cost of shipping, there was no better time to add bicoastal distribution. This new distribution center gives us the opportunity to implement the latest in technology and keep Sagebrook Home a force in the HOME category.” -Sagebrook Home Co-CEO Justin Kachan

“With its proximity to Interstate 26, Interstate 95 and the Port of Charleston, Berkeley County is the ideal place for a business to get their product to marketplaces all over the world. Today’s announcement by Sagebrook Home is a testament to our strong logistics network that helps make South Carolina the ideal destination for businesses.” -Gov. Henry McMaster

“Sagebrook Home’s decision to locate a new distribution facility in Berkeley County is reason to celebrate. This announcement speaks volumes to our state’s logistics advantages, infrastructure and business-friendly environment.” -Secretary of Commerce Harry M. Lightsey III

“SC Ports is thrilled to handle goods for Sagebrook’s first East Coast distribution center. This impressive home décor company will benefit from SC Ports’ creative supply chain solutions and expansive port infrastructure. Sagebrook’s new furniture distribution center builds on Charleston’s centrality to the furniture and home goods segment.” -SC Ports CEO Jim Newsome

“Berkeley County is proud to welcome Sagebrook Home to our community. Sagebrook Home’s $80 million investment will help provide more jobs and quality workforce opportunities for the hardworking people in our county. This industry commitment is proof that Berkeley County continues to shine as a bright beacon for industry growth.” -Berkeley County Supervisor Johnny Cribb

Shoppers hit the stores to take advantage of statewide tax-free weekend

SUMMERVILLE, S.C. (WCIV) — Just in time for back-to-school shopping, or just wanting a break on some non-educational items, the South Carolina annual Sales-Tax Holiday started on Friday and will run through Sunday, August 7th.While shoppers throughout the Lowcountry have many choices of where to shop for the discount, the self-proclaimed "Home of Sweet Tea" hopes the savings sweeten the pot to entice folks to Summerville.Long-time Hutchinson Square business owner Debbie Maccario says that since opening shop in S...

SUMMERVILLE, S.C. (WCIV) — Just in time for back-to-school shopping, or just wanting a break on some non-educational items, the South Carolina annual Sales-Tax Holiday started on Friday and will run through Sunday, August 7th.

While shoppers throughout the Lowcountry have many choices of where to shop for the discount, the self-proclaimed "Home of Sweet Tea" hopes the savings sweeten the pot to entice folks to Summerville.

Long-time Hutchinson Square business owner Debbie Maccario says that since opening shop in Summerville in 2007, “[We've had] a lot of growth, and we have a lot of people moving in from other states.”

Her clothing and apparel store, Maggie Rose, sees a variety of customers throughout the year, including many tourists and Charleston-area shoppers. One enticement -- no parking fees.

Add that onto a tax-free holiday, and that's a pretty sweet deal.

“I have a lot of customers that are from Summerville that will come in anytime there is something a little less expensive. And the taxes do take off seven percent.”

The state’s Department of Revenue says that South Carolina's six percent sales tax, along with any local sales taxes, are waived during this period.

For the folks at South Carolina-based clothing and apparel chain Palmetto Moon, that’s also great news.

A representative for the store tells us that the Summerville location is one of the retailer’s best-selling.

Kelsi Gannon with the store says, “We welcome anyone to shop with us during tax-free weekend. Especially if you’re looking for the back-to-school look. We’re also gearing up for gameday.”

Gannon wants potential customers to know that it’s not just K-12 students that’s on their minds.

There’s savings for college and university students, too.

Gannon says Palmetto Moon is proud to serve local communities like Summerville.

Back at Maggie Rose, Maccario speaks with customers visiting from Illinois. She’s aware of the tax break’s impact on her shop and neighboring stores like Palmetto Moon.

“I think it’s advertised across the board well for tax-free weekend. I mean, it’s a big deal.”

Clothing and school supplies are the main items with the temporary tax exemptions. For the full list, visit the SCDOR’s website.

Here is the SC High School Football Media Poll rankings after Week 1 of SCHSL football

The rankings are out.Dutch Fork remains as the unanimous No. 1 team in Class AAAAA, Southside Christian received first-place votes despite being winless and South Pointe and Northwestern are the definitive top two teams in Class AAAA. Daniel, ...

The rankings are out.

Dutch Fork remains as the unanimous No. 1 team in Class AAAAA, Southside Christian received first-place votes despite being winless and South Pointe and Northwestern are the definitive top two teams in Class AAAA. Daniel, the Upstate Super 25's top team, remains as the top ranked Class AAA squad.

Here are the rankings from the SC Prep Football Media Poll following the first two games of the South Carolina High School League football season:

WEEK 2 PREDICTIONS & PREVIEW: Predictions, preview for best Week 2 high school football games for the Greenville area

Class AAAAA

1. Dutch Fork (19)

2. Fort Dorchester

3. Hillcrest

4. Byrnes

5. Dorman

6. Sumter

7. Gaffney

8. TL Hanna

9. Spartanburg

10. Summerville

Others receiving votes: River Bluff, Lexington, Mauldin, White Knoll, Socastee, Clover JL Mann

Class AAAA

1. South Pointe (17)

2. Northwestern (2)

3. AC Fora

4. West Florence

5. South Florence

6. Hartsville

7. Irmo

8. Catawba Ridge

9. James Island

10. (tie) Indian Land

10. (tie) Ridge View

Others receiving votes: York, Wilson, Greenwood, Westside, Greenville, South Aiken, Pickens, West Ashley, Riverside Myrtle Beach

Class AAA

1. Daniel (17)

2. Camden (2)

3. Dillon

4. Powdersville

5. Clinton

6. Gilbert

7. Seneca

8. Woodruff

9. Hanahan

10. Beaufort

Others receiving votes: Brookland-Cayce, Chapman, Union County, Belton Honea Path, Chester, Crestwood, Lower Richland, Manning, Marlboro County, Pendleton, Wren, Aynor

Class AA

1. Saluda (6)

2. Abbeville (2)

3. Oceanside Collegiate (7)

4. Barnwell (3)

5. Fairfield Central

6. Gray Collegiate

7. Wade Hampton

8. Cheraw

9. Buford

10. Silver Bluff

Others receiving votes: Marion, Woodland, Pelion, Pageland Central, Newberry, Chesterfield, Lee Central, Landrum, Andrew Jackson, Crescent, Strom Thurmond

Class A

1. Bamberg-Ehrhardt (14)

2. Christ Church (1)

3. Southside Christian (3)

4. Whale Branch

5. Johnsonville

6. St. Joseph’s

7. Baptist Hill

8. Lamar

9. Lewisville (1)

10. Lake View

Others receiving votes: Latta, Calhoun County, Estill, Whitmire, Ridge Spring-Monetta

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