With 30 years in the industry

Mortgage Broker in Summerville, 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 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

Do Not Sell My Info/Cookie Policy

William “Mr. Bill” Cleary, 80, passed peacefully in Summerville, SC on January 14, 2023. Bill, a father to many and a friend to all, resided in Summerville for the past 14 years, where he and Penelope Cocking have enjoyed not shoveling snow, visiting various historic sites, and getting to know the local restaurant scene. Formerly of Mansfield, Easton, and Quincy, MA, Bill was the brother of the late Judith Landry and the late Michael Cleary; he was married to the late Carol (Drysdale Haack) Cleary and the late Sheila (Bartlett St...

William “Mr. Bill” Cleary, 80, passed peacefully in Summerville, SC on January 14, 2023. Bill, a father to many and a friend to all, resided in Summerville for the past 14 years, where he and Penelope Cocking have enjoyed not shoveling snow, visiting various historic sites, and getting to know the local restaurant scene. Formerly of Mansfield, Easton, and Quincy, MA, Bill was the brother of the late Judith Landry and the late Michael Cleary; he was married to the late Carol (Drysdale Haack) Cleary and the late Sheila (Bartlett Stowe) Cleary and father to the late Brian Haack.

He leaves behind his younger brother Robert Cleary of Quincy, MA and his beloved partner, Penelope Cocking along with her children and his supportive friends, RJ Hyson and Mariah Levine. Bill also leaves his loving children: Jeffrey Haack of Harmony, ME, Richard Drysdale of St. Louis, MO, Timothy Cleary and his wife Donna of Sandwich, MA, Walter (Sunny) Stowe and his wife Mary of Bellingham, MA, Ken Stowe and his wife Millie of Palm Coast, FL, and Jackye (Stowe) Hughes and her husband Mike of Norton, MA; 14 grandchildren and 19 great grandchildren; dear nieces and nephews, and countless treasured friends.

For many years, Bill was a long-haul truck driver, often forced to leave his family to earn a living as a furniture mover. He prioritized making it home for Christmas and other important family events. Along the routes he traveled, he built friendships across the country and created homes away from home. He often took one of his children, nieces, or nephews with him cross country and in the process fostered strong work ethics, appreciation for warm showers, and created treasured memories. In later years of his career he traveled with his spouse, Sheila Cleary, introducing her to a sense of adventure.

Bill took pride in the accomplishments of those around him and offered encouragement in times of need or stress. An avid Boston sports fan, he proudly wore his teams’ logos wherever he went, regardless of their win-loss record. Having spent much time on the road as a driver into his 70’s, Bill always thrived in the company of others. Appreciative of a good pour or a cold bottle served by caring and smiling people, Bill enjoyed spending time in the community created at both Maguire’s of Easton, MA and the Dog and Duck of Summerville, SC.

Small, local gatherings of family and friends will take place in the immediate future, and Bill’s life will later be celebrated by his family when they are able to gather together this July. Donations may be made in his name to https://www.rizema.org/donate/, an organization dedicated to tackling the opioid crisis, and a cause near and dear to Bill’s heart.

DD2 receives $64,000 to boost STEAM programs at Summerville schools

SUMMERVILLE — Dorchester District 2 has received $64,000 in grant money for science, technology, engineering, arts and mathematics programs.The money will be dispersed among 15 of the 26 schools in the district, said Ralph Hayes, director of the DD2 Educational Foundation, a nonprofit partner that works to secure funding. The district more than tripled the number of grants received. Last year the district received 10 grants worth $13,000, and this year it will receive 36 grants worth more than $60,000.The grants are from ...

SUMMERVILLE — Dorchester District 2 has received $64,000 in grant money for science, technology, engineering, arts and mathematics programs.

The money will be dispersed among 15 of the 26 schools in the district, said Ralph Hayes, director of the DD2 Educational Foundation, a nonprofit partner that works to secure funding. The district more than tripled the number of grants received. Last year the district received 10 grants worth $13,000, and this year it will receive 36 grants worth more than $60,000.

The grants are from the Bosch Community Fund, the charitable arm of Bosch, the engineering company. Hayes said Bosch likes to give teacher grants in all the communities where they have employees. Based in Michigan, Bosch has a local facility in Summerville.

Each teacher writes their own grant application, but Hayes is there to advise if needed as the liaison. Hayes said part of his job is to promote the grants and help make teachers aware of the opportunities they would provide.

Among those receiving grant money are programs like “Digital Microscopes” at Alston Middle School, “Ignite the LIT in Literature” at Beech Hill Elementary School, “PYE-Ntists Robot Design and Build” at Joseph R. Pye Elementary School and “Fostering STEM with eSports” at Ashley Ridge High School.

Robbins said STEAM experiences in schools help embrace innovation and education, which is important as one of his goals to keep DD2 as a leader in the Lowcountry.

“These grants and STEAM experiences embedded into our classrooms helps foster critical thinking, and that’s an important aspect for any development of any student and child,” Robbins said. “It’s an ever-changing world we live in, and we want them to be adaptable to that environment.”

He added that he’s been meeting with John Truluck and Michelle McDonald, Dorchester County’s director and deputy director of economic development, in an effort to make sure what’s being taught in schools will help students succeed in finding jobs after graduation.

“I shared with (McDonald) the need to have very open dialogue that as the new jobs coming into the community evolve, if we need to evolve our instructional programming in our district to help employers find employable students. It’s important for us to know,” Robbins said.

Hayes and Robbins both said the grants will provide a lot of support in STEAM programs. Robbins expressed gratitude for DD2’s partnership with the educational foundation, and the partnerships the foundation has as well, saying it’s thanks to those that the district is able to provide the tools that help teachers and students.

Hayes added that DD2 is the only district in the Lowcountry to have an educational foundation.

“A lot of people don’t realize Dorchester School District Two is one of the lower-funded districts in South Carolina, so what we do is we build partnerships and raise funds to create opportunities for teachers so that we can enhance the learning environment and make sure that our teachers and students have those resources and equipment needed to stay at the top of the game,” Hayes said.

Hayes said he hopes to have even more teachers apply for grants for the upcoming year.

“We want our teachers to know that they’re valued. We want our teachers to feel like they have someone in their corner,” Hayes said. “We’re excited to create those situations where people know how to support the teachers of the district.”

For more information or to learn more about donating, visit the DD2 Educational Foundation website at dd2foundation.org.

Ex-Fort Dorchester football coach Steve LaPrad explains resignation

Steve LaPrad released a video statement on Friday explaining his decision earlier this week to resign as football coach and athletic director at Fort Dorchester High School.In the statement, LaPrad spoke about a locker-room video in which he was recorded talking to players about transferring to another school in Dorchester County.&ldq...

Steve LaPrad released a video statement on Friday explaining his decision earlier this week to resign as football coach and athletic director at Fort Dorchester High School.

In the statement, LaPrad spoke about a locker-room video in which he was recorded talking to players about transferring to another school in Dorchester County.

“A lot of my guys have been solicited by a smaller school in our county,” LaPrad said in his Friday statement. ”... I don’t even know if many of them were really thinking about leaving. It’s just kind of the wild, wild west right now in high school.”

In the locker-room video obtained by The Post and Courier, LaPrad can be heard talking to his players.

“If someone asks you to come to their school, and I hate saying this, unless its Dutch Fork, you should laugh in their face,” he told the players. “A lot of you have been on social media. If you wanna go to Woodland, go to (expletive) Woodland. You think Woodland would ever ask me to be their coach. Do you? No. because I wouldn’t take the job. Why would I go to Woodland?

“If you don’t wanna be here, get your (stuff) and get out. If you are not proud to be in this program, you have a problem. I am sick of these little podunk schools thinking they can come and ask someone from Fort Dorchester, and you might be second or third-string here, to come and play. Every single one of you could go to Woodland and play.”

Woodland officials on Friday declined to comment.

In his Friday statement, LaPrad called the locker room “a sacred place for me.”

“A video was taken in a very sacred place for me, my locker room,” he said in his statement. “There’s a lot of things I say, kids say, other coaches say in the locker room that are not something I would want on the five o’clock news or anywhere else.

“I was trying to explain to my team that we always stand together, to not let anything break us apart.”

In his video statement, LaPrad said, “If I did it over again, I don’t know how much I would change. My passion will probably never change ... It’s always been about my kids. I will always fight to the end for them, and I will always fight to the end to keep them.

“With that being said, good-bye.”

LaPrad spent the last 20 seasons as the head coach at Fort Dorchester, taking over the program after the death of former coach John Bagwell in 2003.

LaPrad’s teams posted a record of 172-70. His 2015 team, led by current South Carolina receiver Dakereon Joyner and current NFL lineman John Simpson, won the Class AAAA state championship. The 2022 team lost to Dutch Fork in the Class AAAAA finals in December.

Prior to his time at Fort Dorchester, LaPrad was a highly successful wrestling coach at Summerville High, leading the program to four state championships and six state runner-up finishes.

Facility to add gates at main entrances after hit and run, Live 5 investigation

Changes are coming to a state-run facility after one of its residents was able to escape, and then was hit by a car.SUMMERVILLE, S.C. (WCSC) - Changes are coming to a state-run facility after one of its residents was able to escape and was then struck by a car.Documents show that the Coastal Regional Center approved a $49,950 purchase to build gates at its two front entrances off of Miles Jamison Road.“I think with the traffic alone and the type of people that are housed at the Coastal Center... and this road began...

Changes are coming to a state-run facility after one of its residents was able to escape, and then was hit by a car.

SUMMERVILLE, S.C. (WCSC) - Changes are coming to a state-run facility after one of its residents was able to escape and was then struck by a car.

Documents show that the Coastal Regional Center approved a $49,950 purchase to build gates at its two front entrances off of Miles Jamison Road.

“I think with the traffic alone and the type of people that are housed at the Coastal Center... and this road began to pick up traffic like it did, gates should have been put in,” mother Margaret Treadwell said.

Mary Williams, a 42-year-old with disabilities had escaped from the facility late one evening in October.

A Live 5 Investigation last month revealed she wasn’t the only one.

“I was shocked, and I was upset. I actually knew the young lady that got hit and it was personal and quite heartbreaking and saddening for me,” Treadwell said.

Treadwell reached out to Live 5 News after hearing the story. Her 31-year-old daughter, who has non-verbal autism, was also able to escape previously.

“If someone like her gets out. She can’t go somewhere and ask for help to get back. It’s up to, unfortunately, society or whoever finds her to bring her back,” Treadwell said.

Department of Disabilities and Special Needs spokesman P.J. Perea says the gate project was undergoing planning for procurement starting in July 2022 after a need was identified based on “increased traffic, poor lighting at night, and lack of sidewalks on Miles Jamison road.”

Documents obtained from the department show a request for purchase was submitted on Dec. 15, less than a week after the Live 5 News story aired.

It had also been two months since Williams was hospitalized following the hit-and-run.

Treadwell says the road has always been busy since her daughter has lived there.

It is unclear when construction will begin.

Williams’ cousin, Nicole Nick, was happy to hear the news. But concerns still remain about staffing shortages and the cleanliness of the facilities, among others.

Copyright 2023 WCSC. All rights reserved.

‘Law Talk’ series comes to S’ville Library

The South Carolina Bar and the Dorchester County Library (DCL) are collaborating in hosting Law Talk on Jan. 26 at the Summerville Library, from 5:30-6:30 p.m., where the topic of the day will be employment law presented by attorneys Brice Ricker and Emily Tong.Registration isn’t required for this event, per DCL, that will feature a Q&A session at the end of the discussion.“South Carolina’s employment relationships are ‘at-will,’ which generally means that employers can terminate an employee fo...

The South Carolina Bar and the Dorchester County Library (DCL) are collaborating in hosting Law Talk on Jan. 26 at the Summerville Library, from 5:30-6:30 p.m., where the topic of the day will be employment law presented by attorneys Brice Ricker and Emily Tong.

Registration isn’t required for this event, per DCL, that will feature a Q&A session at the end of the discussion.

“South Carolina’s employment relationships are ‘at-will,’ which generally means that employers can terminate an employee for any reason, or no reason at all; however, both federal and state law provides exceptions to this foundational rule ... Mrs. Tong and I look forward to helping Dorchester county residents learn about these exceptions and circumstances so that our community has a better understanding of their rights in the employment setting,” said Ricker.

For more information on Law Talk or other programs, contact Elizabeth Neal at 843-871-5075, ext. 212 or eneal@dorchesterlibrarysc.org.

Nearly 300 women will combine their energies next month in building a home for a Summerville-based single mom as part of Dorchester Habitat for Humanity’s annual build undertaking inspiring females to get involved in construction in the spirit of creating a forever home for a local family.

This “Women Build” initiative, according to Dorchester Habitat for Humanity Development Director Moriah Hollander, will require more than 2,000 hours to complete, as business partners will assist in the venture by donating construction materials.

“It’s the most fun we have on the build site each year,” Hollander shared. “You can show up never having picked up a hammer and leave knowing how to install trim in your living room.”

“Women Build” participants partaking in the project, says Hollander, will meet and work alongside the prospective home owner during weekend meetings in February.

The 2023 home recipient is Ariell Burgess, a mother of three.

“This house holds endless opportunity, growth, and stability in all areas of our life,” observed Burgess. “I want my kids to know their mom worked hard to build them a home.”

Volunteer Amanda Leviner is excited for what lies ahead and described the annual build as a great bonding experience for women.

“Women’s build was just a day of goodness,” she added. “Serving together but also knowing that that service is producing fruit in someone else’s life. Getting to meet her that day was an extra bonus.”

Those who wish to participate or sponsor this year’s construction activities are invited to to contact events@dorchesterhabitat.org for further details.

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.