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

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

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

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

 FHA Mortgages Sumter, 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 Sumter, SC.

Refinancing in
Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter 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 Sumter, SC

Trust Dan Crance

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

After hours by appointment only. CONTACT DAN

Latest News in Sumter, SC

Electric car part company plans to invest $500M and create 300 new jobs in this rural SC county

A magnet manufacturer that will build electric vehicle components plans to invest more than half a billion dollars and create 300 jobs in Sumter County.The e-VAC Magnetics plan is the latest economic development announcement in the last 14 months of the state’s push to build up the electric vehicle industry in South Carolina as the automotive industry shifts from gas-powered vehicles to EVs....

A magnet manufacturer that will build electric vehicle components plans to invest more than half a billion dollars and create 300 jobs in Sumter County.

The e-VAC Magnetics plan is the latest economic development announcement in the last 14 months of the state’s push to build up the electric vehicle industry in South Carolina as the automotive industry shifts from gas-powered vehicles to EVs.

Other companies such as electric vehicle manufacturer Scout Motors and EV battery component company Redwood Materials, are both building plants in South Carolina. It is the latest move from EV companies flocking to South Carolina after commerce and state officials set aside more than $1 billion in incentives for companies to come to the state.

The S.C. Coordinating Council for Economic Development approved job development credits, or tax credits, for e-VAC as well as grants to Sumter County to help pay for land acquisition, site preparation, water and sewer improvements road improvements and building construction related to the project.

e-VAC will build its first facility in Sumter County on 85 acres in the Pocotaligo Industrial Park. The facility will house the production of permanent magnets for defense applications and electric vehicles.

The U.S. Department of Defense also agreed to pay e-VAC $94.1 million to “acquire and install manufacturing equipment, operationalize technical infrastructure, and engineer production lines for the facility,” which is expected to be online in late autumn 2025, the news release said.

“Our concerted efforts to attract electric-vehicle related businesses to South Carolina continue to pay off in a major way, this time with more than half a billion dollars invested and 300 new jobs for Sumter County,” Gov. Henry McMaster said in a news release. “This transformative investment by e-VAC will bolster Sumter’s economy while strengthening our already thriving electric vehicle supply chain.”

South Carolina’s Technical College System, through the readySC program, will help recruit and train potential employees.

“The arrival of e-VAC Magnetics in Sumter County is a testament to our state’s booming economic growth and our commitment to fostering an environment that attracts business and opportunity,” House Speaker Murrell Smith, R-Sumter said. “South Carolina continues to be a leader in the advancing electric vehicle sector, and I could not be prouder to continue this trend in Sumter County.”

Manufacturer new to US building $500M-plus Sumter County facility

Listen to this articlee-VAC Magnetics, a manufacturer of rare earth permanent magnets in the Western Hemisphere, today announced it is establishing U.S. operations in South Carolina, building its first facility in Sumter County.The project is expected to bring more than half a billion-dollar investment and create 300 new jobs for Sumter County, according to a news release from the South Carolina Department of Commerce.“e-VAC is grateful for the support of the State of South Ca...

Listen to this article

e-VAC Magnetics, a manufacturer of rare earth permanent magnets in the Western Hemisphere, today announced it is establishing U.S. operations in South Carolina, building its first facility in Sumter County.

The project is expected to bring more than half a billion-dollar investment and create 300 new jobs for Sumter County, according to a news release from the South Carolina Department of Commerce.

“e-VAC is grateful for the support of the State of South Carolina, Governor Henry McMaster, Senator Lindsey Graham, and Representatives Jim Clyburn and Ralph Norman,” VAC Group CEO Erik Eschen said in the release. “We are excited to become a member of the Sumter County community. This project represents a significant commitment by VAC to re-shore critical process and product technology, creating good paying and highly skilled jobs for residents of the community. With this support, we will directly contribute to U.S. energy independence and national security.”

Related content: Electric vehicle battery manufacturer announces $810M expansion in Florence

The company will construct, own and operate a new facility on 85 acres in the Pocotaligo Industrial Park in Sumter County, according to the release. The facility will house production of permanent magnets for electric vehicles and defense applications.

e-VAC entered into an agreement with the U.S. Department of Defense, which will provide $94.1 million to acquire and install manufacturing equipment, operationalize technical infrastructure, and engineer production lines for the facility, the release stated.

Operations are expected to be online in late autumn 2025.

e-VAC is part of the VAC Group (VAC), a leading developer of magnetic materials and solutions. e-VAC produces rare earth neodymium-iron-boron (NdFeB) magnets, which are critical to automotive, defense, industrial and renewable energy applications. This facility and VAC’s decades of experience in rare earth magnet technology and process intellectual property represent a critical step to ensuring a resilient, U.S.-based supply chain.

Through the readySC program, South Carolina’s Technical College System will help e-VAC recruit and train potential employees. A website with hiring information will be available next year.

“The arrival of e-VAC Magnetics in Sumter County is a testament to our state’s booming economic growth and our commitment to fostering an environment that attracts business and opportunity,” Murrell Smith Jr., speaker of the South Carolina House of Representatives, said in the release. “With the addition of 300 new jobs in the region, e-VAC will be a welcome partner to the readySC program, our technical schools, and the larger community. South Carolina continues to be a leader in the advancing electric vehicle sector, and I could not be prouder to continue this trend in Sumter County.”

The S.C. Coordinating Council for Economic Development approved job development credits related to this project, according to the release. The council also awarded a $13 million Rural Infrastructure Fund grant to Sumter County to assist with the costs of land acquisition, site preparation, road improvements, water and wastewater improvements, and building construction related to this project. Sumter County was also awarded a $2 million LocateSC grant to offset costs associated with infrastructure improvements for the Pocotaligo Industrial Park that are needed for and will benefit e-VAC.

“More than half a billion-dollar investment and the creation of 300 well-compensated technical positions is significant for our community and certainly exemplifies our continued readiness and ability to foster growth in Sumter, South Carolina,” Sumter Development Board Chairman Greg A. Thompson said in the release. “We are excited about this new surge of opportunity for our residents and what it will mean for our community.”

e-VAC Magnetics to build first US facility in Sumter County

SUMTER COUNTY, S.C. (WIS) - e-Vac Magnetics is choosing the Palmetto State to establish its first facility in the United States.“e-VAC is grateful for the support of the State of South Carolina, Governor Henry McMaster, Senator Lindsey Graham, and Representatives Jim Clyburn and Ralph Norman. We are excited to become a member of the Sumter County community. This project represents a significant commitment by VAC to re-shore critical process and product technology, creating good-paying and highly skilled jobs for residents of the...

SUMTER COUNTY, S.C. (WIS) - e-Vac Magnetics is choosing the Palmetto State to establish its first facility in the United States.

“e-VAC is grateful for the support of the State of South Carolina, Governor Henry McMaster, Senator Lindsey Graham, and Representatives Jim Clyburn and Ralph Norman. We are excited to become a member of the Sumter County community. This project represents a significant commitment by VAC to re-shore critical process and product technology, creating good-paying and highly skilled jobs for residents of the community. With this support, we will directly contribute to U.S. energy independence and national security,” said e-VAC Group Chief Executive Officer Dr. Erik Eschen.

On Wednesday, Governor Henry Mcmaster held a news conference where he revealed the plant that makes parts for electric vehicles, will be coming to Sumter County, creating 300 new jobs.

“South Carolina creates an environment of opportunity for e-VAC and Sumter County. The company has access to the tools and resources needed, like the readySC program, to cultivate a highly skilled workforce while creating 300 new jobs in the community. Congratulations, and welcome to our state’s business community,” said Secretary of Commerce Harry M. Lightsey, III.

The company will construct a new facility on 85 acres in the Pocotaligo Industrial Park.

During the press conference, McMaster said this testament to our state’s booming economic growth commitment to fostering an environment that attracts business and opportunity.

Officials said the project is expected to bring more than half a billion-dollar investment and will house the production of permanent magnets for electric vehicles and defense applications.

I am elated to extend a sincere congratulations to e-VAC Magnetics for their impactful announcement today. More than half a billion-dollar investment and the creation of 300 well-compensated technical positions is significant for our community and certainly exemplifies our continued readiness and ability to foster growth in Sumter, South Carolina. We are excited about this new surge of opportunity for our residents and what it will mean for our community,” said Sumter Development Board Chairman Greg A. Thompson

A website with hiring information will be available next year.

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USC students bring untold history of Sumter, S.C., to the public

Public history student Stevie Malenowski spent his summer job surrounded by boxes of documents that had not seen the light of day in decades.Years of furniture pamphlets, corporate memos and yellowing photos tell the story of Williams Furniture Company, a major employer in Sumter, South Carolina, from the 1920s through 2004. Malenowski’s task was to sort through the collection and scan some 1,200 items for digital preservation.He was excited to learn from the specialists at University Libraries, who taught him standards f...

Public history student Stevie Malenowski spent his summer job surrounded by boxes of documents that had not seen the light of day in decades.

Years of furniture pamphlets, corporate memos and yellowing photos tell the story of Williams Furniture Company, a major employer in Sumter, South Carolina, from the 1920s through 2004. Malenowski’s task was to sort through the collection and scan some 1,200 items for digital preservation.

He was excited to learn from the specialists at University Libraries, who taught him standards for digitization and how to create a finding guide. He was less excited, though, to learn more about lumber.

“Honestly, the last thing I wanted to do was read more about wood products,” says Malenowski. “But the great thing about history is that the more you look into things, you see these characters start to emerge.”

Malenowski came to the project after taking a graduate class with history professor Jessica Elfenbein, who has been working to create a more complete historic record of forestry in South Carolina. In researching the industry in Sumter, known as part of the “wood basket of the world,” Elfenbein learned about the Williams Furniture Company archives at Sumter County Museum.

The museum loaned the archives to USC for digitization, and the collection is now available online through the South Carolina Digital Library.

“It’s amazing to think that all this history has been largely unknown until now,” Elfenbein says. “You’d never know that the ‘Williams’ in Williams-Brice Stadium is named for this furniture company in Sumter, or how the community there rallied to bring the factory to town. It was truly a community effort, and these are stories that are very important but little-known.”

Malenowski has also gone all-in on researching Williams and stayed on into the fall semester to complete the digitization project. He’s using the archives for his graduate thesis, which examines the impact of unionization on the culture of the Williams Furniture Company and the surrounding community.

“There’s so much to unpack in just this one area,” he says. “Having a union shop with an integrated workplace at this time was practically unheard of in the South, and it’s incredible how the union played a role in changing the social fabric of the town.”

Elfenbein hopes making the archives available will bring greater awareness of the far-reaching impact of this industry for the history of Sumter, South Carolina and beyond.

Last fall, Elfenbein taught an undergraduate honors course to feature the Williams collection. Lynn Robertson, longtime director of USC’s McKissick Museum, co-taught the course and led the class in creating a traveling exhibit that will debut later this year.

“All the students are from different academic backgrounds — business, science, the arts and, of course, a few history majors,” Robertson says. “What’s so great is that they all bring their own backgrounds, so they all look at it from different points of view.”

The course showed students just how relevant history can be as the students worked together to bring this untold history to the public for the first time.

In addition to creating exhibition displays, they worked in teams to conduct the first seven oral histories, which provide context for the archive materials and a different angle on the company’s story.

“Initially, I thought this class was completely unrelated to me, but I was wrong,” says Lauren Reasoner, an honors student in the College of Information and Communication. “Not only am I getting to professionally design the exhibit, but I also learned how to conduct oral histories, which turned out to be a crucial part of my senior thesis.”

Reasoner interviewed a Sumter resident whose grandfather sustained a devastating injury while working in Williams’ lumber yard, which shed new light on the company’s worker safety records. Other students talked with descendants of past owners and managers of Williams.

These interviews are now transcribed and housed in the Department of Oral History in University Libraries. Malenowski, along with another student, will continue the interviews this spring, thanks to grants from the College of Arts and Sciences Humanities Collaborative and USC’s Center for Integrative and Experiential Learning.

While the Williams collection is extensive, he says it offers an incomplete view of the company’s story without the perspectives of those who worked on the factory floor.

“The Williams collection is insightful, but it’s got such obvious blind spots. The workers are practically invisible, and you’d think the managers were the ones out there chopping down trees and building cabinets,” Malenowski says. “But we’ve finally gotten a list of people who want to share their stories.”

View the Williams collection online, or learn more about the Sumter County Museum. The exhibit will travel to locations throughout the state later this year. A comprehensive website, including content from the traveling exhibit, will launch in April.

First South Carolina student accepted into Coast Guard Academy for upcoming year comes from Sumter

Eriyonna Walcott is a senior at Sumter High School. According to the Coast Guard Academy, only one South Carolinian has been accepted so far this year.More VideosSUMTER, S.C. — It's college acceptance season for students nationwide, and in Midlands, one high school senior has found out she's going to the Coast Guard Academy. The Sumter High School student is the first and only Sou...

Eriyonna Walcott is a senior at Sumter High School. According to the Coast Guard Academy, only one South Carolinian has been accepted so far this year.

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SUMTER, S.C. — It's college acceptance season for students nationwide, and in Midlands, one high school senior has found out she's going to the Coast Guard Academy. The Sumter High School student is the first and only South Carolinian to be accepted this year so far.

"Since I was probably like five or six years old, I just wanted to go to military," 17-year-old Eriyonna Walcott said. "My uncle, he's an officer in the Coast Guard. He retired as a commander in the Coast Guard, and I've always looked up to him my whole life. So, that just really inspired me to join the Coast Guard and be an officer."

Walcott said this inspiration and her school's ROTC program helped her confirm she wanted to join the military. Initially, Walcott said she planned to enlist right after high school graduation.

"I've never been the type of person to want to go to college or anything. That didn't happen 'til last year, late summer," Walcott said. "Ms. Gadson from seventh grade up until my 11th grade year summer, she's been juggling with me trying to convince me to go to college, so you know, Gear Up has really helped me. She made sure my grades were on point, my head's on the right track and all that type of stuff."

Because of Gear Up Counselor Audrika Gadson, Walcott is now the first person from South Carolina to be admitted into the Coast Guard Academy for 2024.

"You got kids who never thought they were gonna go to college accepted and ready to go," Gadson said, smiling. "Like, that's amazing."

Gadson has been working with Walcott and the Sumter High Class of 2024 for the past six years, making a difference, said principal Anamaria Sandor.

"The support they have received from the Gear Up specialist, it made a difference because they were exposed to more college options, to FAFSA, to meetings that they have with all the students to make sure that they know how to apply to the college, what letters they need, what recommendation, who to ask for recommendation," Sandor said.

"Makes me want to cry," Gadson said. "You know, you get a relationship with kids and, you know, you see so many kids never thought they were going to go even they just did, 'My path was strictly military,' you know, being able to talk to a child, be like, 'You know, well, you know, there's other options, you can still go to college and still be in the military at the same time.' You know, just introducing them to things that they never thought was possible and didn't know that exists, it's amazing."

The Academy said that only one person in the state has been accepted so far. In 2023, the Academy said only five students from South Carolina were accepted.

"It was either the Academy or the military. So, I feel like if you're determined to do something, you can make it happen. You have to believe in yourself and do everything you can," Walcott said. "ROTC - it helped develop my leadership skills and my responsibility. There's a lot of stuff in ROTC to help you with time management, all that type of stuff."

In addition to her school's JROTC program, Walcott said she's involved in many other extracurriculars, from the color guard and drill team to wrestling, swimming, track and National Honor Society.

"Another thing that got me here is all my support system. So, you know, my parents got number one, my principal, you know, everybody; they just kept encouraging me. So I really appreciate that," Walcott said. "If you go to college, you get more benefits, higher pay, that type of stuff. It's just a lot more benefits. I will get commissioning rather than enlisting. So yeah, I was like, you know what, maybe they're right. Let's do it."

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