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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

New manufacturing facility bringing jobs, investment to Sumter

eVAC is a German magnet manufacturer. It's planning to invest half a billion dollars and create nearly 300 jobs in Sumter County.Credit: WLTXSUMTER, S.C. — Half a billion dollars and nearly 300 jobs are expected to come into Sumter County now that a new manufacturing facility has announced it will be coming to the area. The German magnet manufacturer’s parent company is called ...

eVAC is a German magnet manufacturer. It's planning to invest half a billion dollars and create nearly 300 jobs in Sumter County.

Credit: WLTX

SUMTER, S.C. — Half a billion dollars and nearly 300 jobs are expected to come into Sumter County now that a new manufacturing facility has announced it will be coming to the area. The German magnet manufacturer’s parent company is called Vacuumschmelze, with “eVAC” as its US name.

“They need it, I need it, we all need it,” Sumter resident Jeremiah Johnson says about job opportunities.

Now that eVAC has announced its plan to build a magnet manufacturing plant, it says 300 positions are expected to come to the area.

“It's a tremendous day,” Sumter Mayor David Merchant shares about the $500 million investment. “It creates jobs, it creates investment in South Carolina, it creates investment in Sumter specifically, and it just helps show that Sumter can compete with anybody in the state as far as our workforce and what we can help generate.”

“I think as we grow with more and more job opportunities, we'll continue to get a bigger group of people and with that more talent, more opportunity and just continue to get better together,” Sumter resident Will Hancock explains.

Hancock says economic development is key to making Sumter a good place to live.

“Sumter has made a big shift in the last decade. When I was in high school, I don’t think I had much to say about Sumter,” Hancock remembers. “Now I have plenty to say about Sumter as far as bringing people in.”

It’s something small business owner Niki Lewis says is important.

“With bringing new businesses, you have new faces coming in, different ideas. So it’s really good for all the small businesses,” Lewis says. “A lot of people go outside of where they live to get better opportunities, but if we're bringing those businesses and corporations in, that's better for them to stay home, meaning more time with their family because they don't have to travel as much. And then again, the money stays within the community.”

“Businesses from all over the world are coming to South Carolina. It's our job to see that we don't drop the ball,” Gov. Henry McMaster said on stage at the announcement. “Sometimes we really don't realize how good we have it, but other people do and that’s why they’re coming here.”

McMaster and leaders from across the state gathered for the announcement, which Vacuumschmelze’s CEO Erik Eschen says was made because of the people.

“The big difference for us was really people when you sit with them and talk with them, you see they mean it. And this is a unique experience we had here in South Carolina, especially Sumter that made the change and a difference,” Eschen shares.

Eschen says the facility is expected to be open by the end of 2025.

“Construction will be starting you know, hopefully we can get some local contractors involved to be participating in that and then it'll be plenty of announcements and talking about job fairs and job creations,” Mayor Merchant explains.

“We even try to avoid any noise from the outside,” Eschen adds. “And we assume depending on the day between two or four additional trucks we will have in the area, so I hope your traffic system can digest that. So we will be a very friendly and quiet neighbor, but not only that, we want to really be engaged in this wonderful community.”

eVAC’s technology is used in electric vehicle motors and will support US defense programs, as Eschen explains.

“We can’t understate how world class this company is,” South Carolina Secretary of Commerce Harry Lightsey says. “Their technology is really cutting edge leading technology in this world and frankly you know, they are the only company that does what they do that is based in the Western Hemisphere, so it is a great honor to have them be part of South Carolina.”

Florence man charged in $80,000 chicken heist in Sumter County

SUMTER, S.C. (WIS) - An $80,000 chicken heist was foiled in Sumter County and a truck driver was taken into custody.According to the Sumter County Sheriff’s Office (SCSO), Christopher Thomas, 55, was supposed to deliver 41,000 pounds of chicken to two locations in Milton, Georgia, but had other plans to make cash.”I don’t know how you get $80,000 worth of chicken out of the plant in the first place,” said an anonymous worker at Pilgrims Pride Plant.Sumter County deputies along with the assistance ...

SUMTER, S.C. (WIS) - An $80,000 chicken heist was foiled in Sumter County and a truck driver was taken into custody.

According to the Sumter County Sheriff’s Office (SCSO), Christopher Thomas, 55, was supposed to deliver 41,000 pounds of chicken to two locations in Milton, Georgia, but had other plans to make cash.

”I don’t know how you get $80,000 worth of chicken out of the plant in the first place,” said an anonymous worker at Pilgrims Pride Plant.

Sumter County deputies along with the assistance from Lee County Sheriff’s Office arrested Thomas on Saturday evening.

According to the SCSO, Thomas — who is from Florence — was hired by Pilgrim’s Pride to deliver chicken and is suspected of having intentions of selling it.

WIS spoke to a worker at the plant who said this news comes as no surprise as these types of thefts keep happening.

”I’m not entirely sure how this is happening to be honest,” the worker said. “That’s a lot of chicken to be stolen out of there twice so I really have no idea how they’re even doing it and what they’re doing to stop it.”

Investigators believe Thomas sold part of the load of chicken he was transporting in various locations and was in the process of selling more when deputies pulled him over for a traffic stop.

When Thomas gave consent to deputies to search the truck, the investigator saw pallets loaded with cases of frozen chicken which was confirmed to be stolen from Pilgrim’s Pride.

Thomas was arrested with approximately seven pallets loaded with 215 cases of chicken that weighed 8,000 lbs.

It is believed Thomas sold about 33,000 lbs. of chicken.

Thomas is charged with breach of trust with fraudulent intent and is valued at $10,000 or more.

The worker gave insight into what the company could do to better manage the security of the plant.

“I guess the checkpoint to make sure on who’s coming in and out, what’s on the trucks and all of that,” the worker said. “I have no idea on how they get the trucks out there cause usually there’s these big trucks with freezers in them so I’m guessing they have one of those.”

If found guilty, Thomas can spend up to 10 years in prison.

Thomas appeared in court on Monday morning and was granted a $50,000 bond, but has yet to pay it.

In May, WIS News 10 reported on a similar incident in the same county where two men were arrested after being accused of stealing $40,000 worth of boneless chicken breast from Pilgrim’s Pride. However, investigators said the two crimes are not connected.

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47 years of Christmas lights: Sumter couple sets up holiday display on front yard for 47th year

Charlie Dubose has been collecting Christmas figurines and lights for almost five decades and sets up a big display every year for residents to drive by.SUMTER, S.C. — Sumter residents are lining up in their cars to drive by a Christmas display that’s been growing for nearly five decades.“There's just something about Christmas lights. It come from when I was a little boy, the first time I ever plugged up a set of Christmas lights. Wh...

Charlie Dubose has been collecting Christmas figurines and lights for almost five decades and sets up a big display every year for residents to drive by.

SUMTER, S.C. — Sumter residents are lining up in their cars to drive by a Christmas display that’s been growing for nearly five decades.

“There's just something about Christmas lights. It come from when I was a little boy, the first time I ever plugged up a set of Christmas lights. When I plugged them lights up, it made me click as the fella says. It just lit me up,” lifetime Sumterite Charlie Dubose smiles. “It just thrills me to look at them.”

It’s why Dubose and his wife Susan have been collecting figurines and lights for 47 years, placing them outside his home.

“No matter what I do here, it’s coming from my heart,” Dubose shares. “That’s where it's coming from.”

Dubose says he starts setting up in September.

His display has been growing every year, covering his 10 acres and spreading Christmas cheer to residents who drive by and to Dubose’s neighbors like Ginny Miller.

“I mean, it's funny to watch the traffic coming in and out, in and out all the time.,” Miller details. “But it's alright.”

Miller says dealing with traffic near her home during the month of December is worth it to see the joy that Dubose spreads.

“Just everybody come by and enjoy,” Miller explains. “I mean it's a beautiful setup he has.”

“Some kids that come by here, when they see this,” Dubose says. “That is gonna be the only Christmas is what they see.”

Kids and adults can see the lights every night starting Thanksgiving.

On the weekends, there’s a special visitor.

Santa Claus comes to say hello to visitors and takes letters from them.

For Dubose, two things motivate him to bring back the display every holiday season.

“Giving them joy and telling them about Christ,” Dubose says. “That's the main thing: that Jesus loves them. That's what I tell them.”

You can see those lights from 5:30 to 9 p.m. every weekday at 115 Gaddy Ct. On weekends, they stay on until 10 p.m.

SC man whose body was found wrapped in a tarp in the woods is identified by coroner

Days after a body was found by hunters wrapped in a tarp in the woods, the man was publicly identified by the Sumter County Coroner’s Office.Frederick Ricardo Nelson Jr., a 34-year-old Sumter resident, was identified Wednesday through forensic testing that was completed with the assistance of the ...

Days after a body was found by hunters wrapped in a tarp in the woods, the man was publicly identified by the Sumter County Coroner’s Office.

Frederick Ricardo Nelson Jr., a 34-year-old Sumter resident, was identified Wednesday through forensic testing that was completed with the assistance of the South Carolina Law Enforcement Division, and was also confirmed by his family, Coroner Robbie Baker said in a news release.

An autopsy performed Tuesday at the Medical University of South Carolina in Charleston determined Nelson had been shot multiple times, according to the release.

There was no word on a shooter, or shooters, or anyone else involved. Information about a motive for the shooting was not available.

No arrests have been reported by the Sumter County Sheriff’s Office, which is continuing to investigate Nelson’s death along with the coroner’s office and SLED.

At about 10 a.m. Sunday, a group of hunters made the grisly discovery about 30-40 feet off Cimmaron Road, Baker said.

The hunters said they noticed a strong smell emitting from the tarp, according to the release. There were six hunters in the group, and they immediately called 911, according to the sheriff’s office.

No other injuries were reported.

Baker said he estimated Nelson’s body had been in the woods between 1-2 weeks.

Anyone with information about the death is asked to call the coroner’s office at 803-436-2111, the sheriff’s office at 803-436-2000, CrimeStoppers at 888-CRIME-SC or submit an online tip.

In a breaking news situation, facts can be unclear and the situation may still be developing. The State is trying to get important information to the public as quickly and accurately as possible. This story will be updated as more information becomes available, and some information in this story may change as the facts become clearer. Refresh this page later for more updated information.

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.”

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