Few purchases give you a sense of pride and accomplishment like buying a new home. From white picket fences and lush green grass to cookouts with neighbors and holidays with the family, owning a home is magical. Like most great things, though, enduring the home-buying process takes a lot of work. There are many steps to take and difficult decisions to make along the way. One of the most crucial decisions is what type of home loan and mortgage broker to choose. Whether it's your first time buying a home or you're a seasoned owner with multiple properties, you will need a trusted mortgage broker in Brevard, FL, with your best interests at heart.
If you're like most people, you need a mortgage professional whose top priority is their customers - an expert who can provide accurate advice and guidance so you can make educated decisions. That's where Mission One Mortgage comes into the picture.
Whether you want the best interest rates or don't know where to start in the home-buying process, Mission One Mortgage can set you up in the right direction. From getting you pre-qualified to buy a home to securing a veteran's loan, Mission One Mortgage is the trusted solution you need. As Brevard natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Brevard, FL, we bring years of high-level experience and insight to the table. Having worked with hundreds of clients during our time in business, we know you're probably going through a range of emotions right now. Buying a new home can be a scary process, especially for first-time buyers. That's why we make every effort to make ourselves accessible and available for clients. Our primary goal is to help you make the right mortgage for your family and your budget.
We know that many home loan officers have horrible reputations. Some brokers only see their clients as transactions, and a means to make quick money. They come off as impatient and pushy, failing to understand that this is a very big decision for you. At Mission One Mortgage, we take the opposite approach. We encourage our clients to take as much time as needed to ask us questions and review mortgage documents. We could say that our mission is to exceed your expectations, but we'd rather just show you. From assistance finding FHA, VA, or other loans to refinancing your current mortgage, Mission One is the team you can trust.
Here are just a few reasons why home buyers choose Mission One Mortgage:
Most people simply don't have access to the hundreds of thousands of dollars needed to purchase a home with cash. Instead, they take out a mortgage loan to buy a home. Unfortunately, many homebuyers are anxious to get the ball rolling and, due to their excitement, fail to shop around for the best mortgage rates. To some degree, avoiding this step makes sense, as it requires a lot of legwork and research to get the job done. For those not wanting to spend hours researching a reasonable mortgage, there's an alternative to consider - working with a mortgage broker.
To understand the benefits of working with a mortgage broker, you must first understand their role in the home-buying process.
Your mortgage broker is a third party that works to connect you with mortgage lenders. Essentially, a mortgage broker works as an intermediary between a person who wants to buy a home and the entities offering loans to buy a home. The mortgage broker works with both the borrower and lender to get the borrower approved. They also verify and collect paperwork from the borrower that the lender needs to finish a home purchase. Typically, mortgage brokers have relationships with several home loan lenders. Mission One Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Brevard, FL, from which to choose.
In addition to finding a home loan lender, your mortgage broker will help you settle on the best loan options and interest rates for your budget. Ideally, your mortgage broker will take a great deal of stress and legwork off your plate while also potentially saving you money.
If you're ready to buy a home, getting pre-qualified is a great choice that will streamline the entire process. Your mortgage broker makes getting pre-approved easy by obtaining all the documents needed to get you pre-qualified. In taking a look at your application, they will determine if you're ready for the pre-approval process. If your application needs additional items, the mortgage company will help point you in the right direction to ensure your application is as strong as it can be. Your mortgage broker will also walk you through the different types of loans, from Conventional and FHA to VA and USDA.
In order to be pre-approved for a home in South Carolina, you must have the following:
Most people choose to use a mortgage broker because they have access to different lenders and interest rates. But a great mortgage broker brings more to the table than a choice of lenders.
Save You from Unneeded Stress:One of the biggest advantages of hiring a mortgage broker is that they can find and vet loans while managing the mortgage process on your behalf. The best mortgage companies, like Mission One Mortgage, hire brokers who are experts at keeping underwriting on track, coordinating with relevant parties, and handling all paperwork involved. At the end of the day, mortgage brokers save you stress and time and often expedite the closing process.
More Access: We touched on this earlier, but it bears repeating: A mortgage broker provides access to a range of loans, rates, and lenders. In fact, many mortgage brokers can get rates lower than what the average person could get from a lender.
Save You Money: There's a chance that your mortgage broker can get your mortgage fees reduced or waived by the lender, which could save you a good deal of money.
Help with Unfavorable Financial Situations: Expert mortgage brokers can often assist in challenging financial situations, like when a buyer has inconsistent income or less-than-perfect credit. Experienced brokers, like those at Mission One Mortgage, are often aware of lenders willing to will work with nontraditional borrowers.
Provide Key Insights: Mortgage brokers share important insights, such as your chances for a home loan approval and exactly how much house you can afford. They can also save you from making costly mistakes based on their years of expertise in the mortgage industry.
While settling on the best type of home loan isn't as exciting as searching for the home of your dreams, it's equally important. Yes, your Mission One Mortgage loan officer in Brevard, FL, will be happy to help explain the differences between home loans. But understanding the basics ahead of time will save you stress and time in the long run.
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Conventional loans can be used to purchase a new home or refinance your current one. Conventional loans include fixed-rate mortgages and adjustable-rate mortgages. Generally, borrowers must put down a 3% down payment for owner-occupants, 10% for a vacation property, and 20% for an investment home. If you are able to pay 20% of the total cost of the home, you can avoid private mortgage insurance, which is otherwise required. Conventional mortgages are often preferred by buyers with good credit or people needing a non-owner-occupied mortgage.
FHA mortgages are issued by the U.S. government and backed by the Department of Housing & Urban Development (HUD). This loan is often preferred by first-time homebuyers because it only requires a 3.5% down payment and offers more flexibility with credit requirements and underwriting standards. FHA loans have several requirements you must meet to qualify. Contact Mission One Mortgage today to learn more about FHA loans and whether or not they're best for your financial situation.
Also backed by the government, these loans are insured by the U.S. Department of Agriculture and don't require money down. These loans have lower insurance requirements when compared to FHA loans, offer 100% financing if you qualify, and allow for closing costs to be covered by the seller. In order to qualify for a USDA loan, you must live in a rural area, and your household income must meet certain standards. These loans are often preferred by low-income citizens who live in rural parts of South Carolina.
Also known as VA or Veteran's Affairs loans, these mortgages are reserved for the brave men and women who served in the military. VA loans help provide our military members, veterans, and their families with favorable loan terms and an easy home ownership experience. Often, those who qualify are not required to make a down payment on their home. Additionally, these loans often include less expensive closing costs.
If you are a veteran or the family member of a veteran, contact Mission One Mortgage today to speak with our Vetted VA Professional, Debbie Haberny. Debbie helps our military members, veterans, and their family members obtain home loans utilizing veteran benefits and would be happy to help as you search for a home.
Do you have questions about the complexities of mortgages and home loans? As your advocate, Mission One Mortgage is here to answer any questions you have about mortgages and the home-buying process. We encourage you to call our office to speak directly with one of our mortgage experts or continue reading below for answers to some frequently asked questions.
Q. I was talking to my spouse about mortgage brokers, and they mentioned the phrase home loan originator. What's the difference between a broker and a loan originator?
A. The mortgage industry is full of confusing jobs and titles, making it easy to confuse roles and responsibilities. Such is the case with mortgage brokers and home loan originators. Though their roles share similarities, a home loan originator in Brevard, FL, works for a bank or credit union, while a mortgage broker works for a brokerage company. Home loan originators and mortgage brokers are both licensed by the Nationwide Multistate Licensing System (NMLS).
Q. I've heard from everyone that you must have mortgage insurance to buy a home. What is mortgage insurance?
A. Essentially, mortgage insurance helps protect lenders if a borrower forecloses on the home they bought. One advantage of mortgage insurance is that when borrowers pay it, lenders can often grant loans to buyers when they might not have otherwise. Though not always required to buy a home, mortgage insurance is often needed for down payments of less than 20%.
Q. I have just been pre-approved to buy a beautiful home in South Carolina. Is there anything I shouldn't do now that I'm pre-qualified?
A. Mortgage companies like Mission One Mortgage, make getting pre-qualified for a home easy. However, as your loan process continues, your lender is required to run a new credit report before closing on a home. For that reason, it's to avoid any activity that might affect your credit score, such as:
Q. My brother-in-law recently refinanced his home in South Carolina. What is refinancing, and should I consider refinancing my home too?
A. Refinancing your home basically means you're swapping your current mortgage for a new one, most often with a lower interest rate. If you would like to reduce the term of your loan, lower your monthly mortgage payments, or consolidate debt, refinancing may be a smart option. Many homeowners also choose to refinance if they want to switch from adjustable-rate mortgages to fixed-rate mortgages or to get cash back for home renovations. To learn whether refinancing is a viable option for your situation, contact Mission One Mortgage ASAP, as loan rates change frequently.
Here at Mission One Mortgage, we believe that the best communities begin with the dream of home ownership. Our mission is to make those dreams come true, with personalized service, expert guidance, and good old-fashioned hard work. As one of the most trusted mortgage companies in Brevard, FL, we have years of experience working with a diverse range of clients, from first-time buyers and investors to self-employed borrowers and non-native English speakers.
Though every mortgage situation is different, one thing never changes: our commitment to clients. Contact our office today to get started on an exceptional home-buying experience.
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COCOA, Fla. — A Cocoa driver’s concern about semitrailers parking along an Interstate 95 on-ramp in Brevard County has prompted the Florida Department of Transportation to point to posted parking restrictions and prompted added scrutiny from the Florida Highway Patrol.Linda Crider, who lives in Cocoa and drives to Fort Pierce at least once a week for veterinary relief work, said she often sees semitrailers parked on the shoulder of the southbound I-95 on-ramp from State Road 524.“On this shoulder is where you'...
COCOA, Fla. — A Cocoa driver’s concern about semitrailers parking along an Interstate 95 on-ramp in Brevard County has prompted the Florida Department of Transportation to point to posted parking restrictions and prompted added scrutiny from the Florida Highway Patrol.
Linda Crider, who lives in Cocoa and drives to Fort Pierce at least once a week for veterinary relief work, said she often sees semitrailers parked on the shoulder of the southbound I-95 on-ramp from State Road 524.
“On this shoulder is where you'll see a lot of semis parked in the mornings, some with lights, some with not lights,” Crider said. “And it's always scary to think, what if one is pulling out while you're trying to get up to speed to get onto 95?”
FDOT traffic cameras captured trucks parked on the ramp during the day and at night.
Crider said she wrote to Traffic Inbox because she wanted to know whether trucks are allowed to park on I-95 ramps, especially at the State Road 524 on-ramp.
“They're doing what they need to do for their business, and I understand that a little bit, but if it makes it unsafe for other people, it's a little bit of a problem,” Crider said.
FDOT spokesperson Danielle Johnson said the I-95 southbound on-ramp from State Road 524 has several “no parking any time” signs installed about 100 feet apart. Johnson said the signs are meant to make clear that the no-parking restrictions apply to the entire ramp.
Johnson said FDOT relies on law enforcement partners to enforce the signs, and FHP officials said they have alerted the department's commercial vehicle enforcement troopers to be on the lookout.
Crider said she sees the issue beyond that one ramp.
“I don't know if the problem is there's not enough parking places for the semis to park at the truck stops, but it seems to be an issue that happens not just on this on-ramp, but several on-ramps and several off-ramps,” she said.
Johnson said FDOT is also opening a newly reconstructed rest area along I-95 in northern Brevard County this summer. The project will expand truck parking availability from 33 spaces to 79 spaces.
FDOT has also recently broken ground on new truck stops for the I-4 corridor in Seminole, Volusia, Orange and Osceola counties.
Crider said she hopes enforcement and additional truck parking spaces will help improve safety for drivers along I-95.
“If I didn't have to drive as much and spend as much time on the freeways, I'd probably be OK with it,” Crider said. “But for what I'm doing now, it definitely comes into play with the enjoyment of my job.”
If you've got a traffic trouble spot or road-related problem, let us know about it here.
Brevard Indian River Lagoon Coalition members wave signs ahead of SOIRL half-cent sales tax voteBREVARD COUNTY, Fla. – In November, Brevard County voters will be asked to renew the Save Our Indian River Lagoon half-cent sales tax.That’s three months away, but supporters say it’s not too early to get the word out.Volunteers from the Brevard Indian River Lagoon Coalition lined the causeway on US Highway 192 between Indialantic and Melbourne one Friday evening, signs in hand, hoping to r...
BREVARD COUNTY, Fla. – In November, Brevard County voters will be asked to renew the Save Our Indian River Lagoon half-cent sales tax.
That’s three months away, but supporters say it’s not too early to get the word out.
Volunteers from the Brevard Indian River Lagoon Coalition lined the causeway on US Highway 192 between Indialantic and Melbourne one Friday evening, signs in hand, hoping to remind Brevard County drivers that the future of the Indian River Lagoon is on the November ballot.
The nonprofit is dedicated to advocating for the protection and restoration of the Indian River Lagoon.
Vince Lamb, a representative with the coalition, said the effort is all about awareness — and urgency.
“Most people have no idea that this is going to be on the ballot in November,” Lamb said. “We’re really confident that if people just get educated on what it does, they’ll vote for it.”
The half-cent sales tax, known as the Save Our Indian River Lagoon plan, was first passed by Brevard County voters in 2016. Over the past 10 years, the program has generated more than $500 million for lagoon restoration efforts. But the tax expires this November and must be renewed by voters.
Lamb said the results speak for themselves.
“The water is cleaner. The algae blooms are less frequent and less severe. Seagrass is coming back,” he said. “There’s a lot of evidence it is working, but we’re far from done. So we need for it to be renewed.”
With an estimated 250,000 to 300,000 Brevard County residents expected to vote on Nov. 3, Lamb said the coalition needs a clear majority — somewhere between 130,000 and 150,000 votes — to get the measure passed.
“I don’t want to wake up on November 4th and find that we needed a hundred more votes or something,” Lamb said. “There’s a lot of evidence that we have good public support for it, but we’re not taking it for granted. We’re out here working.”
To reach voters, the coalition plans to deploy roughly 300 volunteers to walk neighborhoods across Brevard County, knocking on doors and distributing information. Sign-waving events are also planned twice a week through the summer, ramping up through September and October ahead of early voting.
“We need 130,000 votes. We get them one at a time,” Lamb said.
Thomas Ghesquiere, a volunteer at the event, said his love of the water brought him out on a Friday evening.
“I love living here, and a large part of the reason I love it here is because of the water in the lagoon,” Ghesquiere said. “You get one good chance to take care of it, and if you blow it, it’s gone forever.”
Ghesquiere described the lagoon’s broad appeal — from early-morning anglers to families enjoying a boat ride to waterfront restaurants.
“It impacts so many different ways because it affects families, individuals,” he said. “It’s just a great resource.”
For many volunteers, the effort is personal. Mary McIntyre said she has lived in the area since 1979 and remembers when the lagoon was a vibrant source of food and recreation.
“My husband and kids would fish this and we would eat the fish and it was just wonderful. We would go water skiing,” McIntyre said. “Now I don’t think anyone’s eating the fish out of the lagoon. So we really absolutely need to get it back to that point.”
Dr. Chris Edwards, president of the Friends of the Thousand Islands nonprofit and a self-described lover of the lagoon, said he has seen the water quality decline over more than 25 years of living in the area. He said visible improvements from the tax — like septic-to-sewer conversions — have made a real difference.
“Where there was a septic-to-sewer conversion, I saw that change,” Edwards said. “I would ride my bike every Sunday and it would smell. They added sewer to the community. The smell is gone. So there’s an example of what the sales tax has done.”
Edwards added that the region’s growing population is putting additional pressure on the lagoon’s recovery.
“It’s a long way from being healthy,” he said. “And the amount of population that’s growing here is only stressing the lagoon out more.”
Elizabeth Blackford, another volunteer at the event, said she first traveled through the area by sailboat in 1992 and was struck by its beauty. She said the decline she’s witnessed since moving to the area about 15 years ago makes the tax renewal essential.
“The quality of the Indian River Lagoon has declined,” Blackford said. “Ten years ago, the citizens here voted to tax themselves to try and clean it up. And the fact that they were willing to suck up an additional half-cent sales tax for 10 years tells us all how important it is.”
Blackford said she is not worried the measure will fail.
“I think the citizens here know just how important the lagoon is to them, and they’re willing to pay for paradise,” she said.
She also offered a reminder that residents can take action beyond the ballot box.
“People in their own backyards can stop fertilizing and throw their grass clippings back on their lawns, and that will help stop the pollution that runs off to the lagoon,” Blackford said.
Lamb said the coalition is confident — but not complacent. In 2016, more than 60% of voters approved the original tax.
“Asking people to tax themselves to protect the waterway is quite an ask,” Lamb said. “The program has actually been working — almost everybody believes it’s been working. So it shouldn’t be terribly hard to get it renewed, but we’re not taking any chances.”
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The BriefResidents in parts of Brevard County say their tap water has developed an unpleasant taste and odor.This has prompted concerns about whether it is safe to drink and use.City says heavy rainfall impacting water Local perspective:Customers served by the City of Melbourne's water system described the water as smelling moldy, mildewy or like muddy dirt. Some residents told FOX 35 they have stopped using the water for drinking, cooking, brushing their ...
Residents in parts of Brevard County say their tap water has developed an unpleasant taste and odor.
This has prompted concerns about whether it is safe to drink and use.
Local perspective:
Customers served by the City of Melbourne's water system described the water as smelling moldy, mildewy or like muddy dirt. Some residents told FOX 35 they have stopped using the water for drinking, cooking, brushing their teeth and giving it to their pets, though they continue to use it for bathing.
City officials acknowledged this week that customers have reported changes in the taste and odor of the water. The city attributed the issue to recent heavy rainfall that has altered the aesthetic quality of raw water entering its treatment plant from Lake Washington.
A West Melbourne city council member also told residents that Lake Washington is experiencing a significant algal bloom. Warning signs posted at the lake advise visitors not to swim, keep pets away from the water and avoid getting lake water in their eyes, nose or mouth.
What they're saying:
Customers served by the City of Melbourne's water system described the water as having a foul odor.
"Moldy, almost like a mildewy smell," Satellite Beach resident Cassandra Frandson said. "It's cringy to take a shower right now,"
"Smells like dirt, like muddy dirt," Melbourne resident Becky Sikes said. "I actually feel kind of dirty bathing, emotionally. I really don't like the idea it wasn't addressed at all," she said.
The other side:
Despite the change in taste and smell, the City of Melbourne said the drinking water remains safe.
In a statement, a city spokesperson said, "The water remains safe for drinking. Our operators are aware of the issue and are in the process of continually making changes to adjust our treatment process. We do extensive testing of the water coming into our treatment plant and adjust our treatment process, if necessary, to ensure the safety of water for our customers. We also test the water as it leaves the production plant and test it regularly at multiple points throughout the distribution network to confirm it remains safe as it moves through the system."
Some residents said they plan to continue relying on bottled water until the odor subsides, and they regain confidence in the city's water supply.
The Source: This story was written based on information shared by customers served by the City of Melbourne's water system and the City of Melbourne.
The BriefCOCOA, Fla. - Strong storms damaged homes, split trees and knocked down power lines in parts of Brevard County on Thursday, leaving residents to clean up debris scattered across their neighborhood.The storms produced wind gusts estimated at 50 to 60 mph, according to FOX 35 meteorologists. Roofing materials, tree limbs and other debris were scattered across streets as heavy rain moved through the area.‘I was never so scared’W...
COCOA, Fla. - Strong storms damaged homes, split trees and knocked down power lines in parts of Brevard County on Thursday, leaving residents to clean up debris scattered across their neighborhood.
The storms produced wind gusts estimated at 50 to 60 mph, according to FOX 35 meteorologists. Roofing materials, tree limbs and other debris were scattered across streets as heavy rain moved through the area.
What they're saying:
Angela Martin said she was home with her children when the storm moved in and began tearing pieces from her roof.
"All of a sudden, it got really dark outside," Martin said. "The wind started coming, and you could hear things hitting the side of our roof, hitting the side of our house."
Martin said a tree in her backyard split in half during the storm.
Nearby, Sally Morton was home alone when the powerful winds arrived.
"I was never so scared," Morton said. "Nothing that scares me, but this really frightened me."
Morton described the storm as sounding like a freight train and said the thunder was louder than she had ever heard. She also said she felt her trailer move as the storm passed through.
"I felt a trailer move. It did move," Morton said, adding that a large tree behind the trailer fell into the yard.
After the storm passed, neighbors used chainsaws and other equipment to clear fallen trees and debris.
"Just a lot of neighbors trying to stick together and clean up," one resident said.
Florida Power & Light crews were also in the neighborhood working around downed power lines.
No injuries were reported. Cleanup efforts continued into Thursday evening.
The Source: This story was written based on information shared by the FOX 35 Storm Team, Cocoa residents, and Florida Power & Light .