Mortgage Broker in Cane Bay, SC

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:

No Additional Fees

No Additional Fees- Providing our client's services free of charge, using a mortgage broker like Mission One Mortgage can help you scout the best price on loans without a hefty price tag.

Access to 50 Lenders

Access to 50 Lenders- With access to a range of loans and interest rates available, Mission One Mortgage can shop for the best loans for your unique needs.

Accessible to Our Clients

Accessible to Our Clients- Providing a transparent and communicative service to all our clients, Mission One Mortgage ensures all phone calls are answered or returned in a timely manner.

Setting You Up for Success

Setting You Up for Success- Helping you prepare all your documents for pre-approval and the loan application, Mission One Mortgage will provide you with all the necessary information to secure the best loan.

Contact Us For Service !

Free Consultation phone-number (843) 822-5685

To understand the benefits of working with a mortgage broker, you must first understand their role in the home-buying process.

What Does a Mortgage Broker Do?

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 Cane Bay, SC, 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.

Help with the Pre-Approval Process

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:

  • Two Years of W2 Forms
  • 30 Days of Pay Stubs from Employer
  • 60 Days of Bank Statements
  • A Valid Driver's License

Conventional Mortgages

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.

 Mortgage Broker Cane Bay, SC
 Mortgage Company Cane Bay, SC

FHA Loans

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.

USDA Loans

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.

 Mortgage Lending Service Cane Bay, SC
 Refinancing Cane Bay, SC

Veteran Mortgages

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.

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 Cane Bay, SC, 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:

  • Do not become a co-signer on a loan with someone else.
  • Do not quit or change your job.
  • Do not apply for new credit cards, automobile loans, or any other lines of credit.
  • Do not use your credit card to pay for large purchases, like furniture for your new house.
  • Do not avoid payments on current lines of credit, loans, or utility bills.

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.

Mission One Mortgage: Turning Dreams into Reality, One Mortgage at a Time

Head-bottom

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 Cane Bay, SC, 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.

Contact Us For Service !

phone-number (843) 822-5685
 Refinances Cane Bay, SC

Latest News in Cane Bay, SC

Lowcountry high school football scores Week 4

CHARLESTON, S.C. (WCSC) - Week 4 in the Lowcountry kicks off Thursday while our Game of the Week features Cane Bay at James Island. Check back here for scores, highlights and more throughout the weekend9/14Colleton County 30, North Charleston 7 - Colleton improves to 1-3 while North Charleston drops to 2-39/15Cane Bay 7, James Island 28 - The Trojans improve to 5-0 while the Cobras drop to 2-2Berkeley 0, Ft. Dorchester 52 - The Patriots improve to 2-1 while the Stags f...

CHARLESTON, S.C. (WCSC) - Week 4 in the Lowcountry kicks off Thursday while our Game of the Week features Cane Bay at James Island. Check back here for scores, highlights and more throughout the weekend

9/14

Colleton County 30, North Charleston 7 - Colleton improves to 1-3 while North Charleston drops to 2-3

9/15

Cane Bay 7, James Island 28 - The Trojans improve to 5-0 while the Cobras drop to 2-2

Berkeley 0, Ft. Dorchester 52 - The Patriots improve to 2-1 while the Stags fall to 3-2. Charles Watson had 200 yards of total offense and 2 TD’s for the Fort.

Wando 14, West Ashley 38 - The Wildcats move to 3-2 after Kevin Brown had 118 yards and 2 TD’s while the Warriors drop to 1-3

Sumter 10, Summerville 47 - The Green Wave move to 4-0 on the season as Jaden Cummings threw for 287 yards and 3 TD’s

Ashley Ridge 63, St. James 34 - The Swamp Foxes go to 3-0

Carolina Forest 38, Stratford 21 - The Knights drop to 0-4

Goose Creek 31, Blythewood 28 - The Gators get their first win to move to 1-3

Stall 0, Beckham 57 - The Bengals improve to 4-0 while the Warriors drop to 2-3

Philip Simmons 55, Aynor 30 - The Iron Horses stay undefeated at 5-0 as KJ Asbury rushed for 210 yards and 4 TD’s

Palmetto Christian 23, Academic Magnet 62 - The Raptors improve to 3-0

Bishop England 3, Woodland 20 - The Wolves go to 3-0 while the Bishops drop to 0-3

Timberland 28, Hanahan 24 - The Wolves get their first win to go to 1-4 thanks to Montez Addison’s 2 TD’s while the Hawks drop to 1-3

First Baptist 42, Hilton Head Prep 31 - The Hurricanes get their first win of the year to go to 1-3

Lake Marion 8, Cross 54 - The Trojans move to 4-1

Bethune Bowman 36, Military Magnet 12 - The Eagles fall to 1-4

Allendale Fairfax 42, Baptist Hill 0 - The Bobcats drop to 1-3

Burke 0, Whale Branch 62 - Bulldogs fall to 0-4

Lee Academy 20, St. John’s Christian 13 - The Cavaliers fall to 2-3

Hilton Head Christian 31, Northwood Academy 14 - The Chargers suffer their first loss of the season and fall to 3-1

Memorial Day 0, Colleton Prep 3 - The War Hawks improve to 3-2

Pinewood Prep 48, John Paul 28 - The Panthers improve to 2-3

Porter-Gaud 42, Ben Lippen 9 - JJ Fludd rushed for 235 yards and 5 TD’s as the Cyclones improve to 5-0

Dorchester Academy 8, Thomas Heyward 34 - The Raiders fall to 3-2 with the loss despite John Whetsell’s 121 yards rushing

Copyright 2023 WCSC. All rights reserved.

Overcrowding in Cane Bay has residents concerned for future

Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area. (WCIV)BERKELEY COUNTY, S.C. (WCIV) — Last ...

Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area. (WCIV)

BERKELEY COUNTY, S.C. (WCIV) — Last Tuesday, there was a meeting within the Berkeley County School District to discuss changing attendance lines within the county because of overcrowding in the Cane Bay area.

Although the measure was not voted on, the problem of overcrowding remains within the area.

Berkeley County as a whole has experienced a 34 percent increase in population over the last decade. That’s the second highest rate of any county in the state.

This is partially due to the popularity of the area’s school system and community. It’s why Cane Bay resident Ashley Hill moved to the area two years ago.

“The reason that I like it here so much is because we have a sense of community and how Cane Bay trails, I get to experience that and golf cars and stuff like that,” Hill said.

But the space has started to become crowded. Since 2010, the Cane Bay population has grown from 1,321 people to 12,362 residents.

Right now approximately 75 percent of the land is permitted for expected build-out.

“They are going up so quickly,” Hill said, “It has grown tremendously. The traffic around here has gotten a lot more aggressive. I believe that even with school days, I mean, just trying to figure out how to get into the elementary school or the middle school because they're so close to each other, it makes it difficult for the people who are trying to go to work.”

Cane Bay currently has 5,941 building permits issued and 510 are under construction.

That means the number of residents may grow even more than the current population of 12,000.

There are also 7,950 entitlements for expected build-out in the Cane Bay area.

So that begs the question: Are Berkeley County officials prepared to deal with the growth in the community?

I took that question straight to Berkeley County Supervisor Johnny Cribb and here was his response:

“In the last several years, there's not a whole lot that we've rezoned or approved, but it's really the entitlements that that are out there.”

Cribb says that he hasn’t approved many building permits during his three years in office. But despite that, there are still thousands of permitted builds that have yet to take place.

So I asked him what his plan for the future was.

“If you look at what's going on in the world right now, anybody pretends to know what's going to happen is they're playing make believe,” Cribb said.

He said that the current market place, partially due to the coronavirus pandemic, has made it hard to predict when build-outs will happen and what the area will look like in the future.

Not satisfied with the answer to my question, I went to other officials to get more answers.

I asked the Cane Bay representative of the Berkeley County Council Caldwell Pinckney about the growth in the community.

He said that council does realize the threat the growth in the area has and it will be dealt with eventually. However, he said it has “not gotten to the point where we have had to sit down and talk about it.”

“Even in the most aggressive scenario, [build-outs are] years away. So two or three years, there's no way you could build out all that out in two or three years,” Cribb said.

When asked if a building moratorium would be considered to slow down some of the developments in Berkeley County ,both Cribb and Pinckney said it wasn’t on the table at this time.

Cribb does say that he believes the main solution, and the focus for him right now, is the roadways around the Cane Bay area.

“You put $65 million to widen 176, $82 million for Nexton I-26 interchange, so people would have their own interchange and doing improvements in the community.” Cribb said, “The biggest thing is, for us, almost three years now I have been relentlessly pursuing what I can control. And it's any new things that come in, and frankly, how can we improve the quality of life for the people that have moved out there who are the ones that created the growth.”

Cribb also said he is working with water and sewer officials to prepare for the influx of houses coming in the area.

One question I did pose to Pinckney was if the county would consider utilizing impact fees to help fund the building of new schools in the Cane Bay area. Pinckney said that he does believe impact fees are in place to an extent, but are not covering the whole budget.

But for residents like Hill, they believe that there is a lot being overlooked which only adds to their concern about the future of Cane Bay.

“I'm concerned with the overpopulation. I do not feel like the county has taken any hasn't thought about with all these, you know, kids that are coming in. Where they're supposed to go.”

Parents frustrated over limited tickets sold to Cane Bay High School’s homecoming dance

BERKELEY COUNTY, S.C. (WCBD) – Several parents with students at Cane Bay High School are upset after a limited number of tickets were sold for next Saturday’s homecoming dance, which means their children would not be able to attend.Parents who reached out to News 2 this week said the homecoming dance will be held in the commons area of Cane Bay High School, which can accommodate 700 students. But they said the problem is the school has more than 2,000 students.Brandi Norwood’s daughter is a junior at the high ...

BERKELEY COUNTY, S.C. (WCBD) – Several parents with students at Cane Bay High School are upset after a limited number of tickets were sold for next Saturday’s homecoming dance, which means their children would not be able to attend.

Parents who reached out to News 2 this week said the homecoming dance will be held in the commons area of Cane Bay High School, which can accommodate 700 students. But they said the problem is the school has more than 2,000 students.

Brandi Norwood’s daughter is a junior at the high school. And because she’s on the cheer team, Norwood said she’s expected to participate in all of the homecoming events next week.

“It feels defeating to them. They’re encouraged by staff and admin to come together, to be involved in school spirit—that’s how you build community, but then for them to be told, ‘There’s not enough room. You can’t go.’”

Except for the main event – next Saturday’s homecoming dance – because she did not purchase a ticket in time.

“I was given a link to buy tickets, and I wasn’t in a hurry. I got off of work the next day and attempted to buy tickets and it was sold out,” said Norwood.

Norwood said the dance is typically held in the school’s commons area and the 700-ticket cap is nothing new. But she said she’s never had an issue with purchasing tickets for her two older daughters in the past.

“We were told that it was first-come, first-serve and that the tickets were sold within a day, and the link had been posted the day before in the middle of the day,” Norwood explained.

She said there was not adequate communication from the school prior to that link being sent out; however, another parent says there was.

“It was put out that there were a limited amount of tickets, get your tickets early. That was put out,” said Kristin Tanner, whose child also attends Cane Bay High School.

Norwood claims one reason tickets may have gone quickly is because they were distributed differently than in previous years.

“Sophomores and freshmen were allowed to buy tickets, which in the past as far as I understand, seniors and juniors were given preference and then so on and so forth,” she said.

Norwood said she, along with many other parents, is simply disappointed.

“I’ve heard from a lot of other parents who have seniors who have bought dresses and have been preparing and can’t go to the dance,” she said.

Other parents say they cannot sympathize with those who bought clothes before buying a ticket to the dance.

“You put the cart before the horse. That’s what I say to that,” Tanner said.

News 2 reached out to the Berkeley County School District and received the following statement:

“Tickets to the Cane Bay High School Homecoming Dance were made available to all students in a fair and consistent manner. While all schools would love the opportunity to welcome the entire school population to an event held in one location of the school, that is not possible due to fire codes and capacity restriction of rooms and spaces,” said Katie Tanner, Chief Communications & Engagement Officer, BCSD.

Nexton Parkway Extension (Spine Road C) Opens in Cane Bay

Spine Road C was completed by Gulf Stream Construction and funded by the developer, Gramling Brothers. This project included the extension of Nexton Parkway and its associated multi-use pathway into the Cane Bay development; completing the third planned leg of the roundabout on Cane Bay Boulevard near Cane Bay area schools; and improving/installing signage, pavement markings, and pedestrian beacons in and around the roundabout.Spine Road C ties into the U.S. 176/Nexton Parkway Intersection Improvement project, which was completed and ...

Spine Road C was completed by Gulf Stream Construction and funded by the developer, Gramling Brothers. This project included the extension of Nexton Parkway and its associated multi-use pathway into the Cane Bay development; completing the third planned leg of the roundabout on Cane Bay Boulevard near Cane Bay area schools; and improving/installing signage, pavement markings, and pedestrian beacons in and around the roundabout.

Spine Road C ties into the U.S. 176/Nexton Parkway Intersection Improvement project, which was completed and opened to traffic in May 2020. The U.S. 176/Nexton Parkway Intersection Improvement project was constructed by Landmark Construction and funded by the County’s One-Cent Sales Tax Program; Infrastructure Consulting and Engineering (ICE) assisted Berkeley County with project management and inspection of the project.

The U.S. 176/Nexton Parkway Intersection Improvement project consisted of the following work: connecting Nexton Parkway to U.S. 176; improvements and turn lanes on U.S. 176; and the associated intersection signalization. The signals were activated today with the official opening of Spine Road C (Nexton Parkway Extension).

There are also plans to widen U.S. 176 from two to four lanes with dedicated turn lanes, from U.S. 17-A to the intersection of U.S. 176 and Nexton Parkway/Nexton Parkway Extension. Berkeley County Council awarded the contract for this additional project, known as U.S. 176 Widening Phase I, at the Council meeting on June 28.

With the opening of Spine Road C comes a much-needed third access point to enter/exit the Cane Bay community. The County is proud that through our beneficial One-Cent Sales Tax Program—which funded the U.S. 176/Nexton Parkway Extension and intersection improvements—and through the help of developers like Gramling Brothers we can continue to provide the community critical public safety and infrastructure solutions to traffic congestion; and in this case, help make the commute to work and schools in the Cane Bay area both safer and quicker for all citizens. -Johnny Cribb, Berkeley County Supervisor

###

– Prepared by the Berkeley County Public Information Office –

This project consists of improvements to approximately four miles of Henry E. Brown Jr. Boulevard, from Liberty Hall Road to U.S. 52. See map attached. The project will increase capacity, improve safety, and provide bicycle and pedestrian accommodations. The roadway will be widened from a two-lane section to three-lane section that includes a multi-use path, raised landscaped medians, painted medians, and dedicated left turn lanes at key intersections within the project limits. Montague Plantation Road will be widened from a two-lane section to a four-lane section with a multi-use path and sidewalk. Additionally, the project will include major improvements to the intersection at U.S. 52, Montague Plantation Road, and Old Mount Holly Road.

On June 28, Berkeley County Council awarded the construction contract to J.R. Wilson Company for approximately $23 million. Seamon Whiteside designed the project; Infrastructure, Consulting and Engineering (ICE) will be providing project management and inspection. The project is expected to take three years to complete and will start with clearing the new road right-of-way, the installation of erosion control devices, and utility relocations. The public is urged to drive with caution throughout the duration of the project.

This improvement project is funded from the 2008 and 2014 One-Cent Sales Tax Referendums. Bids for the project were received on June 16, 2021.

For construction updates, visit www.BuildingBerkeley.com.

###

-Prepared by the Berkeley County Public Information Office-

300-unit multi-family complex in Cane Bay sold for $79.5M

The Hudson, a 300-unit multi-family apartment complex in Summerville’s Cane Bay neighborhood, was recently sold in an off-market transaction to a private equity firm for $79.5 million.The sale was announced in November 2021. New York-based developer Monday Properties sold the complex on Owl Lane to Columbia-based ...

The Hudson, a 300-unit multi-family apartment complex in Summerville’s Cane Bay neighborhood, was recently sold in an off-market transaction to a private equity firm for $79.5 million.

The sale was announced in November 2021. New York-based developer Monday Properties sold the complex on Owl Lane to Columbia-based PassiveInvesting.com, which invests in multi-family properties in the Southeast and Texas.

“This off-market transaction was an excellent opportunity for both the buyer and seller, and ultimately the residents within the community,” said Frank Craighill, vice president of development at Monday Properties.

PassiveInvesting.com is now offering qualified investors a stake in The Hudson for a $50,000 minimum commitment.

The Hudson is the only multi-family project located in the Cane Bay community. A Publix-anchored retail center was just added across the street.

Monday Properties broke ground on The Hudson in October 2019 and delivered the first buildings in April 2021 with 10% of the project pre-leased and 21 units occupied. The Hudson experienced a steep pace of demand and is now more than 58% leased with 160 units occupied at sale.

The spacious studio, one-, two-, and three-bedroom apartments have private balconies and patios, open-concept floor plans, stainless steel appliances and nine-foot ceilings.

Amenities include a clubhouse and business center, fitness studio and a saltwater, zero-entry pool with sun shelf. Rent prices range from $1,258 for a studio to $2,344 for a three-bedroom unit.

“The property was a great opportunity for our group to expand our footprint in the Charleston (metropolitan area),” said Dan Handford, managing partner of PassiveInvesting.com. “The high-quality asset fits nicely into our portfolio of multi-family properties.”

According to The Hudson’s investment offering, PassiveInvesting.com predicts a 26.3% annualized return on investment with a five-year hold period and the potential to more than double the investment through equity.

This transaction serves as the second multi-family property acquisition in the Charleston market for the firm. In September 2021, PassiveInvesting.com bought the 350-unit complex Bluewater at Bolton’s Landing in West Ashley. PassiveInvesting.com’s total portfolio has a current value of more than $742 million with a total of 4,233 multi-family units.

The sale of the Hudson at Cane Bay marks the second sale of a multi-family property by Monday Properties this year.

The company sold The Mason, a 264-unit multi-family community in North Charleston in June 2021 to American Landmark, a Florida company.

While Monday Properties focuses primarily on real estate markets in New York City, the greater Washington, D.C. metro area, Los Angeles and San Francisco, the team will continue to keep an eye on development opportunities in Charleston.

Monday Properties’ portfolio includes more than 2,700 multi-family units and more than 5 million square feet of commercial office space.

“We are energized by the current activity in the market and intend to seek future development in Charleston and similar growing Southeast markets,” Craighill said. “The successful delivery and subsequent sale of The Hudson is a direct result of the strength of the Southeast market, specifically the exceptional economic growth of the Charleston area.”

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