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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

Excitement builds as Sumter welcomes top Double-Dutch teams for 50th championship

SUMTER, S.C. — Hundreds of people from across the United States are traveling to Sumter this weekend for the 50th World Invitational Double-Dutch Championship.Teams of all ages have qualified from their state championships, and now they’re going up against the best."It’s just really cool coming out and seeing so many teams from so many different places," Brelaysha Nicole Benson sai...

SUMTER, S.C. — Hundreds of people from across the United States are traveling to Sumter this weekend for the 50th World Invitational Double-Dutch Championship.

Teams of all ages have qualified from their state championships, and now they’re going up against the best.

"It’s just really cool coming out and seeing so many teams from so many different places," Brelaysha Nicole Benson said.

Benson coaches the Double-Dutch Rope Twisters. The team traveled from Cincinnati to compete in the championship, which is being held in Sumter this year.

"All the teams here had to qualify in their states," Tournament Director Jamal Turner said. "So you have teams from Massachusetts, Connecticut, New York, New Jersey, Ohio, North Carolina and South Carolina."

Fifty-six teams are participating this year, which marks the 50th anniversary.

"First one in 1975 was at Lincoln Center," Turner said. "It was there for a couple of years and then it bounced around to different states and then when we came here it was kind of like home."

Jumpers like Kamela Steele, who are calling the Midlands home for the next few days, are showing off their skills.

"Personally when you get out there it’s very stressful, but once you get in the rope, you start turning, and you get there and it’s like you know how to do this," Steele said.

Gwen Maristany, whose family is from Sumter, helped found the American Double-Dutch League. She says she's excited to see the familiar city host this tournament.

"We used our background to put together some ideas and some boundaries that we wanted to use in a new sport really that had not been organized passed just jumping in the street," Maristany said. "We jumped as children but we wanted to get something that was a little bit more structured. And using our background in different sports — in track and field, dance, gymnastics — so we decided what can we do? Double Dutch seemed to encompass all of these in some kind of way, shape or form."

Maristany worked alongside fellow physical education teacher Cheryl Holt and other board members to draft a rulebook and form the sport.

"When we look at the 50 years, we look at who’s here and remember them as children when they were jumping and now they have their own team, their own coaches, so it’s really evolved," Holt said.

As coaches like Lacie Doolittle from Wagener, SC with Epic Girls Squad compete while forming long-lasting friendships.

"We are a team. We are a unit. We operate as one," Doolittle said. "We win as a team. We lose as a team. We laugh as a team, we cry as a team. When one fails, we all fail. You are only as strong as your weakest teammate."

The tournament goes through Saturday at the Sumter County Civic Center from 9 a.m. to 3 p.m. It’s free for anyone to watch the jumpers in action.

Sumter Mall to see two new tenants by end of summer in attempt to reimagine typical shopping mall

Construction is underway for a Planet Fitness and Liberty STEAM Charter School, which are coming to the Sumter Mall. Residents hope it will increase mall visitors.SUMTER, S.C. — The Sumter Mall is trying to reimagine the typical shopping mall experience by bringing in a couple new tenants. Construction is currently underway for ...

Construction is underway for a Planet Fitness and Liberty STEAM Charter School, which are coming to the Sumter Mall. Residents hope it will increase mall visitors.

SUMTER, S.C. — The Sumter Mall is trying to reimagine the typical shopping mall experience by bringing in a couple new tenants. Construction is currently underway for Planet Fitness and Liberty STEAM Charter School locations.

"The mall is not bad," Sumter resident Terry Clark shares. "I can't really say nothing bad about it."

Clark has lived in Sumter his whole life, so he’s watched the Sumter Mall on Broad Street change throughout the years.

"It used to be alright but its kind of like going downhill now," Clark says. "It can be better, you know, but even...I mean, hey, nothing wrong with it."

It's a trend resident Darnell Harris has noticed is starting to change.

"It's been here my whole life usually it’s been pretty empty," Harris explains. "But now they're trying to upgrade and have stuff for the younger generation to participate in."

The vacancies are not unique to Sumter, says John Mulherin with Hull Property Group, which owns the mall.

"It's not indicative of any particular community, it's certainly indicative of the changing nature of the shopping habits and internet shopping, Amazon Prime, things of that nature," Mulherin details. "So what you got to do is you've got to adapt."

Adapt by thinking outside of the box and introducing businesses that aren’t just retail, like a gym.

"I've been looking for location in Sumter for quite a while, over probably five years," Planet Fitness franchise owner Bob Bobenage shares. "I think Sumter just with the location, its demographics, it needed something like a Planet Fitness."

Bobenage says he found that perfect spot for a Planet Fitness in the mall. It’s going to be his sixth location, which he tells me is likely to bring more business.

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"The number of people that come through our doors probably rivals a grocery store. The amount of people per day, maybe even more but perfect to increase traffic into a mall," Bobenage tells me. "They come in and they can look at the mall and take care of some of their other businesses as well."

This is part of what Mulherin calls an “adaptive reuse” of the traditional mall, as it’s also bringing in a new location for Liberty STEAM Charter School.

"We're seeing a lot of government use, we're seeing medical use, we're seeing charter school use and we're seeing entertainment and include fitness with entertainment," Mulherin says. "And we think if we remain disciplined, and we bring the right tenant that complements everything else we have will be successful, but we're not going to go chase somebody just for the sake of trying to fill some space."

People like Kelly Outen, who’s visiting from manning to get some shopping done, are supportive of this.

"I think that's good, good idea," Outen believes. "Make more people come out."

Bobenage says the Planet Fitness is set to open in mid-June, with the charter school’s expected opening by the start of the next school year this August.

"We think there's a lot of opportunity that these great tenants are going to provide for us in the future," Mulherin hopes.

Sumter’s Ward 1 lacks sitting city councilman 8 months after election

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SUMTER, S.C. (WIS) - More than 7,200 Sumter residents don’t have a voting city council member.

The council seat for the city’s Ward 1 remains unfilled as a legal challenge to voting results from last November play out.

Anthony Gibson won the seat in a run-off. If sat, he’ll represent the residents in the northern part of the city.

Reginald Evans also ran for the seat, coming in 5th place (out of five candidates) and tallying just 62 votes out of 999 cast.

Evans unsuccessfully appealed the results with the Sumter County Board of Voter Registration, Sumter County circuit court, and is currently appealing a dismissal from the S.C. Supreme Court.

As a result of his continued appeals, Gibson has been unable to become a voting member of the council.

State law on local elections prevents an election’s winner from being sat until an appeals process is completed.

The drawn-out challenge has drawn the ire of a group of concerned Sumter residents who call themselves “The Squad”.

“It’s totally unfair, it’s totally unfair. Mr. Gibson did everything he was supposed to do,” squad member Dr. Patty Wilson said.

State law allows for the incumbent to remain in power until the appeal is handled. Ward 1′s incumbent, outgoing Mayor Pro Tem Thomas Lowery, died days before the election.

Gibson declined to comment and attempts to contact Evans were unsuccessful.

Gibson’s campaign manager Jeffrey Lampkin said Gibson is optimistic the case will soon be resolved in his favor.

“It seems undemocratic but it’s the process and we have to allow the process to prevail and that’s one of the things we’re trying to make sure everyone understands. That at the end of the day, he has a due process to be able to allow the court to hear his case, to allow his case to be heard at every level,” he said.

“But at every level, they’re going to make a decision to show that the election was held in integrity, the election was held with all the standards and the rights and the things that were supposed to be done.”

Squad member Dr. Sonja Murphy called on Evans as responsible for fixing “the mess.”

“Mr. Evans if you see this, then you need to go and drop the charges and let your conscience be your guide. Because it wasn’t right to start,” she said.

A spokesperson for the City of Sumter sent WIS a statement reading:

The City of Sumter is awaiting final legal ruling from the state Supreme Court on the challenge of the 2022 election. Until that ruling is received, Councilman-elect Anthony Gibson has been meeting regularly with the constituents in Ward 1 through various neighborhood meetings and personal visits, as well as meeting with various City Staff, Departments, and other elected officials to address issues and/or concerns. He has also been attending City Council meetings and state-level meetings. The only duty Mr. Gibson has not been able to perform is participating in the actual voting process as a sworn-in member of City Council.

The term runs through November 2026.

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USC Sumter's inaugural class of nurses honored in pinning ceremony

SUMTER, S.C. — The inaugural class of nurses from the University of South Carolina Aiken were honored with a pinning ceremony today at USC Sumter before heading out into the healthcare community to serve. Four graduates were in the program's first cohort."Historically, the pinning ceremony is the pinnacle event for any nursing graduate. It's bigger and it...

SUMTER, S.C. — The inaugural class of nurses from the University of South Carolina Aiken were honored with a pinning ceremony today at USC Sumter before heading out into the healthcare community to serve. Four graduates were in the program's first cohort.

"Historically, the pinning ceremony is the pinnacle event for any nursing graduate. It's bigger and it's better than graduation," Interim Dean for the School of Nursing at USC Aiken Katie Chargualauf said. "It's more personable to our profession. So to be pinned is something that is so memorable for any nursing graduate."

Tim Dawson is getting ready to start his nursing career in the emergency department at Prisma Health's Tuomey Hospital.

"It's helping people. It really is the best thing I've ever felt," Dawson said. "I mean, knowing that you when you go home after work and knowing that you actually made a difference… it's a surreal feeling."

It's a feeling magnified by Dawson, knowing he and his three classmates were the first to go through this program.

"There were some speed bumps along the way, but it's kind of nice being the first to go through it knowing that this works out for people," Dawson said.

"I'm just very thankful to be a part of such a great program and be able to serve this community because there is a great need for nurses in the community," Megan Hovermale said.

Hovermale lives in Clarendon County and plans to serve her community, where she recognizes a need for nurses.

"It's definitely a huge asset for the community. Having nurses, having bsn nurses especially, I mean, you just…you can't go wrong, graduating more nurses," Hovermale said. "So there's a nursing shortage, and just having nurses out there, I mean, it's just a wonderful opportunity for Sumter County, Clarendon County and Florence County, all the surrounding counties."

This is the goal of the program, Chargualauf said.

"For the community to see these graduates to see their investment in our graduates and to give back to the community. That's the entire purpose of this program, and we're excited that our graduates are able to help our community," Chargualauf said. "We have lots of research that says baccalaureate-prepared nurses provide superb care, high-quality care and care that helps our patients to achieve their optimal outcomes. So to bring baccalaureate-prepared nurses to the Sumter community is huge because we know that it's going to help all the patients in this community get better and to live their healthiest life."

The third class of nurses at USC Sumter has recently been admitted and will start classes in just a few weeks. Anyone interested in applying to the nursing program can learn more online.

Sumter lands $66M plant — here’s what it will make

SEM Wafertech Inc. and Solar4America Technology Inc., both owned by renewable energy company SPI Energy Co. Ltd., will establish a presence in South Carolina with a $65.9 million investment in Sumter County.The company said today the solar panel manufacturing project will create 300 new jobs, according to a news release from the South Carolina Commerce Department.SEM Wafertech is a solar wafer manufacturer with headquarters in McClellan Park, Calif., near ...

SEM Wafertech Inc. and Solar4America Technology Inc., both owned by renewable energy company SPI Energy Co. Ltd., will establish a presence in South Carolina with a $65.9 million investment in Sumter County.

The company said today the solar panel manufacturing project will create 300 new jobs, according to a news release from the South Carolina Commerce Department.

SEM Wafertech is a solar wafer manufacturer with headquarters in McClellan Park, Calif., near Sacramento.

“As a global renewable energy company making American-made solar wafers and modules, we recognize the importance of having a strong domestic supply chain to meet the fast-growing demand for affordable solar power,” SEM Wafertech Inc. and Solar4America Technology Inc. Chairman Denton Peng said in the new release. “We plan to bring the highest quality domestically produced solar wafers and modules to market, enhancing our nation’s manufacturing capabilities with a long-term investment that will create good paying jobs for South Carolina.”

The new facility will help meet an increasing need for locally sourced solar wafers as the overall demand for solar power continues to grow in the United States, according to the news release. SEM Wafertech is targeting delivery and production of its first solar wafers in the nation by the end of the year, with capacity ramping to three gigawatts by 2024.

“I am personally thrilled to welcome SEM Wafertech and Solar4America to Sumter County, succeeding many exciting investments announced in recent months across South Carolina,” S.C. House speaker Murrell Smith said in the release. “With an investment of more than $65 million and the creation of 300 new jobs, SEM Wafertech and Solar4America will be welcome additions to the region, and to our state’s growing number of globally recognized renewable energy and EV-related companies — continuing to make our state’s economy diverse and prosperous. I welcome them to the Sumter family, where I know we will create an enduring partnership in our community.”
Solar4America is a prime solar module manufacturing company that produces “Made in the USA” solar modules. In combination with its facility in Sacramento, the new South Carolina facility will allow Solar4America to manufacture a wider variety of solar panels for customers, with an aim to increase capacity to 2.4 gigawatts by the end of the year.

SEM Wafertech and Solar4America plan to occupy an existing building located at 1150 Clipper Road in Sumter, where they will design, build out and install a “world-class” silicon wafer slicing facility, the news release said. Silicon wafers produced in the facility will be used in a variety of applications, including photovoltaic cells and semiconductors. Solar panels will serve commercial, residential and industrial energy generation and storage needs.

Operations are expected to begin in the fourth quarter of 2023. Individuals interested in joining the team should visit the company’s website.

“We are thrilled to add another company to our growing family of industrial leaders in Sumter and are enthusiastic about the corporate investment and jobs that will be a result of this project,” Sumter Mayor David Merchant said in the release. “The city of Sumter is also proud to partner with the company to support the needed infrastructure improvements for high quality industrial water and wastewater services.”
The Commerce Department’s Coordinating Council for Economic Development approved job development credits related to this project. The council also awarded a $1.5 million Rural Infrastructure Fund grant to Sumter County to assist with the costs of water and wastewater improvements and building improvements.


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