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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

‘The future is growth’: Summerville businesses agree with proposed development

SUMMERVILLE, S.C. (WCSC) - Some businesses say prioritizing a sense of place in the town of Summerville is most important and sometimes that means new development, despite what some people might think.Dorchester County has a proposed plan to turn 500 N. Main St., also...

SUMMERVILLE, S.C. (WCSC) - Some businesses say prioritizing a sense of place in the town of Summerville is most important and sometimes that means new development, despite what some people might think.

Dorchester County has a proposed plan to turn 500 N. Main St., also known as their main county building, into a hotel, retail spaces, a parking garage and more.

Some businesses located in the heart of Summerville, like Eva’s Restaurant, think change is about time.

“If we don’t have growth, we don’t have a future,” general manager Tina Howard said.

Eva’s Restaurant has been serving the town since 1944. With the proposed development, Howard says she’s not worried about competition.

“I think it would benefit us as a small business with, you know, bringing in tourists,” Howard said. “...I don’t feel it would hurt us personally because we have such a strong, established business.”

Diane Frankenberger, the owner of People, Places & Quilts, says she’s watched Summerville grow for over 30 years. She says with the old post office as the new public works art center, the old Coca-Cola company as the new YMCA and an old hardware store as her own business, she believes both the county and town councils prioritize preservation.

“You have to go forward with the future,” Frankenberger said. “We still can’t have the same houses around here and the old town hall and no computers and blah blah blah. And so, it’s keeping a sense of place, but moving forward with an eye towards the future.”

The county has already approved plans to preserve part of the county building, which once was the old hospital, and improve the current Veteran’s monument.

“I think when people are calling names or say, ‘Don’t do something,’ let’s wait and see and work together and make the best use of what we’ve got there,” Frankenberger said.

Howard says she wants her 6-year-old grandson to be able to experience a flourishing Summerville, just like she has all her life.

“A lot of people complain about the growth and ‘People will stop coming here, we’re full, don’t come here,’” Howard said. “Without growth, we don’t have a future. The future is growth.”

Frankenberger says she’s ready to move forward.

“No more gas on the fire,” Frankenberger said. “Let’s put water on the fire.”

Dorchester County provided the following statement about the proposed plan:

Dorchester County is looking forward to having greater capacity and flexibility to complete the following projects from fee revenues of the redevelopment:

Funding to preserve the façade of the old hospital building.

A new civic park and improvements to the Veterans Memorial.

An additional $8 Million in funding to DD2 schools to supplement $2 Million from the TIF.

Provide $20 Million in funding for a Community Recreation Facility in the Summerville area.

Provide $2 Million in additional funding for streetscaping and improvements to Main Street and Cedar Street.

Provide credits for workforce housing for teachers, firefighters, law enforcement, and first responders within the multi-family development for at least 15 years.

A modern County office building and additional Class A Office Space in the downtown area.

A new downtown hotel and restaurant to provide much-needed retail and hospitality amenities in the downtown area.

Create additional parking by providing for the construction of a parking garage in the downtown area.

Copyright 2023 WCSC. All rights reserved.

Man confronts Summerville mayor over new public safety drone program

SUMMERVILLE, S.C. (WCBD) – Summerville unveiled its new drone program on Wednesday but some in the community are not thrilled about the new public safety initiative.The town held a live demonstration for the new drone program, during which a man said he had some questions and concerns related to how money would be allocated along with privacy issues.“You read in the newspaper and different things about how bigger cities are defunding their public safety department. Well, I want to say this- we are not defunding our ...

SUMMERVILLE, S.C. (WCBD) – Summerville unveiled its new drone program on Wednesday but some in the community are not thrilled about the new public safety initiative.

The town held a live demonstration for the new drone program, during which a man said he had some questions and concerns related to how money would be allocated along with privacy issues.

“You read in the newspaper and different things about how bigger cities are defunding their public safety department. Well, I want to say this- we are not defunding our public safety department, we’re funding them,” said Summerville Mayor Ricky Waring during Wednesday’s event.

Summerville presented two new drones, which make up the town’s first drone program. They plan to use them for search and rescue missions.

Mayor Waring even mentioned how they could help locate a missing child much faster, possibly preventing tragedies similar to a drowning that happened earlier this year.

But one gentleman in the audience spoke up and asked Mayor Waring for more specific numbers. How much is the town currently paying to use helicopters in searches versus how much will the new drone program cost?

“I was fire chief for 25 years … and we’ve called in helicopters numerous times over the 25 years, numerous times,” he said in response to the man.

“Well give me, numerous is just a very broad term,” the man responded. “It’s squishy, doesn’t mean anything.”

“What do you want?” Mayor Waring asked.

“I want specifics, I want once every six months we call in a helicopter and that helicopter cost $50,000 and this drone program is worth $1,000. You know, something in that realm would be actually real specific information,” the man said.

When Mayor Waring said the man didn’t understand public safety, words got a bit heated.

“He doesn’t understand public safety,” said Mayor Waring during the demonstration.

“I tell you what, thank God you’re not running again,” he replied.

The town’s operator also flew the two drones on demonstration flights to show everyone its capabilities. The drones have technology on them to help find people at night.

Drone operators said with the two batteries they have, they can keep the drone in the air for at least an hour and a half, but since the drone battery could be recharged, it could basically be used for many hours in a row if needed.

Summerville mayoral candidates discuss key issues facing the growing town

SUMMERVILLE — With Ricky Waring retiring, the mayoral seat in this growing community 20 miles north of Charleston is up for grabs.The candidates: Dickie Miler, a Summerville native and real estate broker; Russ Touchberry, another Summerville native and current town councilman; and Vickie Fagan, who relocated from Staten Island more than a ...

SUMMERVILLE — With Ricky Waring retiring, the mayoral seat in this growing community 20 miles north of Charleston is up for grabs.

The candidates: Dickie Miler, a Summerville native and real estate broker; Russ Touchberry, another Summerville native and current town councilman; and Vickie Fagan, who relocated from Staten Island more than a decade ago.

The Post and Courier spoke with the mayoral candidates about some of the big issues and concerns residents have in Summerville.

Fate of the old hospital

Miler said the property at 500 N. Main St., which has become a hot-button issue over the past few months, should be preserved. He has been a vocal opponent of the redevelopment of the property but said if there is redevelopment it should be strategic, sensible and promote enough economic vitality to warrant any changes made.

Touchberry hopes to preserve the old hospital as well, acknowledging it’s an important property. He also said its redevelopment can benefit the town and if done right could be a model for how other properties can be remade.

“We’ve lost the look and feel of Summerville on that side of the railroad tracks all the way to I-26,” Touchberry said. “This is an opportunity for us to have this reinvestment and reestablish our brand, which is what made us so special to begin with.”

Fagan also wants the property to be preserved but believes it can be repurposed as is. With all the available parking, the space could be used for emergency personnel, she said.

Growth and development

Miler said he supports a strategic approach to Summerville’s growth and would want to annex all he could on the periphery to protect the town’s border from neighboring cities like North Charleston and Goose Creek, which are also growing quickly.

“If we annex things on the outside, then we can control how we develop on the inside,” Miler said. “When and if we have to move and grow, we do it the way we want to do it, bringing the developer we want to bring in, have the neighborhood designed the way we want it.”

Touchberry pointed out that Summerville’s municipal boundaries are irregular but could be fixed by aligning the town’s comprehensive plan with the plans of Berkeley and Dorchester counties, and making sure all zoning standards line up as well. He added that if the town doesn’t have a strategic annexation plan, Summerville could easily be encircled by other municipalities.

Fagan said she’d like to assemble a task force for growth management and include voices from elected officials, civic groups and businesses. She said she values input from everyone and paying attention to how growth is affecting people in different areas can help the town come up with a plan as a united front.

Traffic and transport

Miler said he would want to incorporate more public transportation and improve sidewalks and bike paths so people can get around without a car.

“Building more roads is not always the answer,” Miler said.

He added he would be willing to reduce the median for some roads and even remove parking spots — like the parallel parking spots on Main Street at Hutchinson Square — so traffic isn’t as backed up.

Touchberry has been advocating for infrastructure improvements, such as sidewalk repairs, but one of his biggest priorities is finding a way to connect the Berlin G. Myers Parkway to Interstate 26 without the need to use, or cross, Main Street. He said he’s working with the Berkeley-Charleston-Dorchester Council of Governments, as well as Berkeley County and the town, to study that corridor and identify solutions.

Touchberry added that the town missed an opportunity in having the Lowcountry Rapid Transit stop in Summerville; the furthest it is planned to go for now is Ladson. He said he’s ready to fight to make sure the second phase is completed, so the workforce in Summerville can use it to get to Charleston and reduce commute time.

Statewide conference brings free academic resources to Lowcountry students

About 300 members across 33 South Carolina chapters of Alpha Phi Alpha Fraternity, Incorporated are expected to attend their statewide conference in SummervilleSUMMERVILLE, S.C. (WCSC) - Thursday morning, about 300 members across 33 South Carolina chapters of Alpha Phi Alpha Fraternity, Incorporated are expected to attend their statewide conference in Summerville.But the gathering also has a strong focus on promoting higher education and career readiness. As part of the conference, hundreds of students from across the state wil...

About 300 members across 33 South Carolina chapters of Alpha Phi Alpha Fraternity, Incorporated are expected to attend their statewide conference in Summerville

SUMMERVILLE, S.C. (WCSC) - Thursday morning, about 300 members across 33 South Carolina chapters of Alpha Phi Alpha Fraternity, Incorporated are expected to attend their statewide conference in Summerville.

But the gathering also has a strong focus on promoting higher education and career readiness. As part of the conference, hundreds of students from across the state will come to the town to take advantage of free academic resources.

The fraternity’s HBCU IMPACT College Fair kicks off Thursday morning at 9 a.m. K. Allen Campbell, the director of conferences for the South Carolina District of Alpha Phi Alpha Fraternity, Incorporated, expects close to 600 students statewide will be bussed in to participate.

“We’re just trying to take it to another level,” he said.

The high schoolers, mostly juniors and seniors, will have access to representatives of 12 historically black colleges and universities (HBCUs). Additionally, they’ll get information about the college process and scholarships. Campbell explains not every student has the ability to travel to explore different colleges. So the goal is to bring the students to the colleges all in one location. Beyond the college fair, there will also be a financial literacy course to teach students basic money skills.

“We used to say balancing a checkbook, but people don’t write checks anymore too much,” Campbell laughed. “But if they have that part-time job, how to budget, how important that is to fuse that with your financial goals for college, how much college costs. Just those important things that we tend not to discuss with them until it’s too late.”

While the fraternity is preparing the students academically for college and beyond, members are also showing the importance of dressing the part.

As part of the conference, they’re also hosting their “Let’s Tie Things Up” initiative. It’s an interactive workshop covering how to tie a tie, the importance of dressing for success, verbal communication strategies and career exploration.

“It’s more about a modeling behavior,” George Johnson, the director of communication for the South Carolina District of Alpha Phi Alpha Fraternity, Incorporated, said. “And so the young men they see images of who they can become and just seeing the men there dressed and so that inspires them.”

Organizers prefer that students pre-register through their schools in order to participate. But students won’t be turned away regardless.

Below are the additional community events as part of the conference:

HBCU IMPACT College Fair

Thursday, October 5, 2023, 9 a.m.-2 p.m.

Lowcountry Conference Center (Magnolia Ballroom)

406 Sigma Drive, Summerville, SC 29486

Financial Literacy

Thursday, October 5, 2023, 9 a.m.-2 p.m.

Lowcountry Conference Center (Dogwood A)

406 Sigma Drive, Summerville, SC 29486

“Let’s Tie Things Up”

Thursday, October 5, 2023, 9 a.m.-2 p.m.

Lowcountry Conference Center (Dogwood B)

406 Sigma Drive, Summerville, SC 29486

Graduate School and Career Fair

Saturday, October 7, 2023, 10 a.m.-2 p.m.

Lowcountry Conference Center (Magnolia Ballroom)

406 Sigma Drive, Summerville, SC 29486

Blood Drive Event with the Red Cross

Saturday, October 7, 2023, 10 a.m.-2 p.m.

Lowcountry Conference Center (Cypress Multipurpose Room)

406 Sigma Drive, Summerville, SC 29486

Miss Old Gold and Black Scholarship Competition

Saturday, October 7, 2023, 8 p.m. - 10 p.m.

Lowcountry Conference Center (Azalea Ballroom)

406 Sigma Drive, Summerville, SC 29486

Copyright 2023 WCSC. All rights reserved.

Gus Moody Memorial Tournament of Bands is Saturday

The James A. “Gus” Moody Memorial Tournament of Bands takes place this coming weekend in Summerville.The tournament is 2-7 p.m. Saturday, Oct. 7, at John McKissick Field at Memorial Stadium, 900 John McKissick Way in Summerville. Opening ceremonies begin at 2:30 p.m. Tickets are $15 for adults 18 and older; $10 for children ages 5-17, students, members of the military and senior citizens over 60. Children under 4 years old are free and parking is $5.Named for the long-time band director of Summerville High School an...

The James A. “Gus” Moody Memorial Tournament of Bands takes place this coming weekend in Summerville.

The tournament is 2-7 p.m. Saturday, Oct. 7, at John McKissick Field at Memorial Stadium, 900 John McKissick Way in Summerville. Opening ceremonies begin at 2:30 p.m. Tickets are $15 for adults 18 and older; $10 for children ages 5-17, students, members of the military and senior citizens over 60. Children under 4 years old are free and parking is $5.

Named for the long-time band director of Summerville High School and director of the band program at Dorchester School District Two, James Augustus “Gus” Moody served as the band director at Summerville High School from 1960 to 1986.

Moody met his wife, had two daughters – Jan and Julie – and went on to become the band director at Summerville High School, a decision he was glad he stuck with because, he would say, he would never have gotten to know all his children. By “children” he did not mean Jan (Moody Reeves) and Julie (Moody Mise) alone, but the thousands of students he taught in his 26 years at Summerville High.

Moody came from Allendale, South Carolina. He was a lover of jazz music and a skilled saxophonist. He had his first paying job as a jazz player at 13 years old. He attended Furman University and, somewhere along the line, decided to join the army. During that time in the army he got to be stationed at the Navy School of Music in Washington, D.C., which had a big effect on his musical life, Reeves said.

Moody was known for pushing his students to do the right thing, look their best and always be on time – people, to this day, refer to Moody’s clock as “Eastern standard Moody time.” Reeves said summer band practices started at 8 a.m., and students were required to be there five minutes early. If even one person was late, then the next day band practice started at five minutes until 8 (which was really 10 till 8).

“He just had his standards, and they better be met,” Reeves said. “And I think that’s why so many people will say that’s why he impacted them in such a great way.

Even after he retired in 1986, Moody was a very active man who loved to golf, fish and be involved in his church. He had a great love for his grandchildren. The family has a house at Edisto Beach, filled with great memories of going to the beach, fishing and water skiing. He still played his saxophone and enjoyed playing with some of his former students. He would play for different benefits or events such as weddings, funerals or at church.

He was inducted into the South Carolina Band Directors Hall of Fame and the South Carolina Music Educators Hall of Fame. He was the recipient of numerous awards. His bands won three state championships and many other awards.

The well-respected former band director passed away in 2015 at the age of 82.

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