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 Columbia, SC, 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 Columbia natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Columbia, SC, 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 Columbia, 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.
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 Columbia, SC, 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 Columbia, 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:
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 Columbia, 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.
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COLUMBIA, S.C. (WIS) - The Columbia Metropolitan Airport has issued a statement after the Federal Aviation Administration gave a warning that 40 airports would see flight cuts due to the ongoing government shutdown.The airport said that its flights were not directly affected at this time, but that many airports it offers direct flights to are affected, which could have impacts for fliers leaving the airport.“CAE and its airport staff will remain fully operational as normal. We are monitoring the situation closely and will...
COLUMBIA, S.C. (WIS) - The Columbia Metropolitan Airport has issued a statement after the Federal Aviation Administration gave a warning that 40 airports would see flight cuts due to the ongoing government shutdown.
The airport said that its flights were not directly affected at this time, but that many airports it offers direct flights to are affected, which could have impacts for fliers leaving the airport.
“CAE and its airport staff will remain fully operational as normal. We are monitoring the situation closely and will provide additional updates as we know more,” the airport said in a statement.
They also thanked its staff for their continued work.
“Due to the ongoing government shutdown, the FAA announced that beginning Friday, November 7, airlines will temporarily reduce flights at the 40 busiest airports. While CAE is not directly affected, many of our nonstop destinations are to these major hubs - which could impact travelers here in Columbia.
We advise those with upcoming travel plans to please check with their airline for the most up-to-date travel information regarding their flight status.
CAE and its airport staff will remain fully operational as normal. We are monitoring the situation closely and will provide additional updates as we know more.
We are extremely grateful for our TSA agents and ATC staff and their continued commitment to getting passengers where they need to be safely."
Airports that Columbia offers direct flights to that will be seeing flight cuts are:
The FAA said the flight cuts would begin to be implemented on Friday.
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COLUMBIA, S.C. (WIS) - The City of Columbia has announced that it will implement a permanent clear bag policy for Finlay Park.The city said the policy will be effective when the park reopens on Nov. 15. Officials also said the move is “to help keep all visitors safe and ensure a great experience for everyone.”Later Thursday, Columbia Mayor Daniel Rickenmann confirmed to WIS that the policy will also be in effect beyond the reopening and will apply to all visitors and events at the park.“Right now it&rsq...
COLUMBIA, S.C. (WIS) - The City of Columbia has announced that it will implement a permanent clear bag policy for Finlay Park.
The city said the policy will be effective when the park reopens on Nov. 15. Officials also said the move is “to help keep all visitors safe and ensure a great experience for everyone.”
Later Thursday, Columbia Mayor Daniel Rickenmann confirmed to WIS that the policy will also be in effect beyond the reopening and will apply to all visitors and events at the park.
“Right now it’s a park policy,” he said. “We’re going to work with the public. But in general, it’s really about trying to protect the park.”
Rickenmann also said concerns about public safety and other issues played a large role in the implementation of the policy.
“We need to make sure the park is safe. I mean, it’s the number one issue everyone has talked about,” Rickenmann said. “I’d rather take a chance and have some people upset and inconvenienced in the beginning...then take a chance of something happening to an individual.”
Rickenmann added that the policy would be enforced by park rangers and other security officers.
Per the policy, approved bags include wristlets, small clutches, clear totes, backpacks and fanny packs, a gallon plastic freezer bag and diaper bags.
Prohibited bags include purses, backpacks, luggage, trash bags, coolers and camera bags unless you are a credentialed member of the press.
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Classic rock icons Journey will come to Columbia next year as part of the long-running band’s farewell tour, promoters said Thursday in a news release.The Rock & Roll Hall Of Fame inductees will bring their “Final Frontier Tour” to Colonial Life Arena on May 18, according to the release.“This tour is our heartfelt thank you to the fans who’ve been with us every step of the way — through every song, every era, every high and low,” lead guitar player Neal Schon said in the release. Sc...
Classic rock icons Journey will come to Columbia next year as part of the long-running band’s farewell tour, promoters said Thursday in a news release.
The Rock & Roll Hall Of Fame inductees will bring their “Final Frontier Tour” to Colonial Life Arena on May 18, according to the release.
“This tour is our heartfelt thank you to the fans who’ve been with us every step of the way — through every song, every era, every high and low,” lead guitar player Neal Schon said in the release. Schon was a founding member of the band in 1973.
Tickets for the Columbia show will go on sale to the public on Nov. 14 at 10 a.m., but multiple presale events will begin Nov. 11 at ticketmaster.com.
Information about ticket prices was not available.
Tickets are only available online the first week that they go on sale. After that, any tickets that are still available can be purchased the next Tuesday or Friday that the Colonial Life Arena box office is open — as well as on the ticket giant’s website.
It’s the only scheduled stop in South Carolina for Journey, which also will perform twice in North Carolina (Charlotte on May 20 and Greensboro on May 21), for the band’s only other shows in the Carolinas.
“It’s been an incredible ride,” keyboard player Jonathan Cain said in the release. “We’ve shared our music with millions and this tour is about gratitude, connection and one last chance to feel that magic together.”
That ride most recently included a stop at Colonial Life Arena in Columbia in 2023, when the band headlined a tour with fellow classic rock stars Toto.
No opening or supporting acts are listed for the upcoming tour.
Journey was most prominent in the 1970s and 80s, but hit songs like “Don’t Stop Believin,” “Any Way You Want It,” “Faithfully,” “Lights,” and “Wheel In The Sky,” among others, have sustained the group’s popularity for decades and introduced it to new generations of fans.
Journey has 19 top-40 singles, 25 gold and platinum albums, and has sold more than 100 million albums globally, according to the release. Journey’s “Greatest Hits” album is certified 15 times-platinum, making the group one of the few bands to ever have been diamond-certified, and the song “Don’t Stop Believin’” has been streamed over one billion times.
The group that was formerly fronted by Steve Perry was inducted into the Rock & Roll Hall of Fame in 2017. Current lead singer, Arnel Pineda, is a native of the Philippines who was discovered on YouTube by Journey’s founder and lead guitarist Neal Schon, promoters said.
“I’m honored to be part of this legacy and I’m grateful for having been welcomed with such open arms,” Pineda said in the release. “Every night on stage has been a dream come true.”
Nimes Real Estate has entered a new market with the acquisition of Columbia Lofts, a 330-bed student housing community in Columbia, S.C. TSB Realty brokered the deal, while TSB Capital Advisors secured the financing on behalf of the buyer.Global Student Accommodation previously owned the asset, according to Yardi Matrix information. The firm acquired it from University Communities in a portfolio sale in April 2024. Prior to selling, GSA obtained a $500 million refinancing loan for 23 assets, including this property.Fully occupi...
Nimes Real Estate has entered a new market with the acquisition of Columbia Lofts, a 330-bed student housing community in Columbia, S.C. TSB Realty brokered the deal, while TSB Capital Advisors secured the financing on behalf of the buyer.
Global Student Accommodation previously owned the asset, according to Yardi Matrix information. The firm acquired it from University Communities in a portfolio sale in April 2024. Prior to selling, GSA obtained a $500 million refinancing loan for 23 assets, including this property.
Fully occupied at the time of sale, Columbia Lofts witnessed impressive year-over-year rent growth for the current academic year, TSB Capital Advisors told Multi-Housing News.
READ ALSO: Why Student Housing Scores High Marks
Located at 211 Main St. in the city’s downtown, the community is within walking distance of the University of South Carolina in Columbia campus. Columbia Metropolitan Airport is some 8 miles southwest.
Originally built as a warehouse in 1896, the property was converted to residential use in 1945 and then to student housing. Renovated in 2012, the four-story building has one-, two-, three- and four-bedroom floorplans ranging from 681 to 1,320 square feet.
Amenities at the 170-unit community include a swimming pool, barbecue and picnic area, as well as study rooms, a resident lounge and laundry facilities. The property also has 270 parking spaces.
TSB Realty Executive Managing Director Randall Calvert brokered the sale. TSB Capital Advisors Vice President Tyler Martin arranged the financing.
A total of 76 student communities changed hands year-to-date as of September for a combined $3.7 billion, the latest Yardi Matrix student housing report shows. This figure was considerably lower than the $5 billion registered during the same period of 2024.
In 2024, University of South Carolina at Columbia ranked first for student housing investment volume. The institution saw roughly $134 million in assets trading for the average price per bed of $191,350.
COLUMBIA, S.C. (WIS) -Despite the ongoing government shutdown, Columbia Metropolitan Airport (CAE) reports operations have remained smooth, with no significant delays or Transportation Security Administration (TSA) issues.However, recent announcements of flight cancellations at major airports across the country have raised concerns for travelers flying to and from Columbia, with connections at those airports getting flights cancelled.Gregg Hornsby, interim president at CAE, said while the airport has not been directly impacted,...
COLUMBIA, S.C. (WIS) -Despite the ongoing government shutdown, Columbia Metropolitan Airport (CAE) reports operations have remained smooth, with no significant delays or Transportation Security Administration (TSA) issues.
However, recent announcements of flight cancellations at major airports across the country have raised concerns for travelers flying to and from Columbia, with connections at those airports getting flights cancelled.
Gregg Hornsby, interim president at CAE, said while the airport has not been directly impacted, the ripple effects from cancellations at nearby hubs like Charlotte and Atlanta could affect passengers.
“We could still see the same number of flights, but there could be delays later on,” Hornsby said. “That’s the part that we just don’t know right now — whether it’s for this weekend or as we go into Thanksgiving week.”
Byron Day, who flew into Columbia from Louisville to visit his fiancée, said he had no trouble arriving but is concerned about his return flight.
“When that news came down, I was a little worried about traveling because I didn’t know if my flight would be canceled on the way back,” Day said. “I’m going back on Monday.”
The Federal Aviation Administration (FAA) has canceled flights at 40 airports nationwide. The news has left Day thinking twice about flying for Thanksgiving.
“My family lives back home in Virginia, and we were thinking about flying together to visit them in central Virginia,” Day said. “But now we’re thinking about just driving.”
Others, like Janice Padgett and Nikita Pete, are relieved to have returned home before the cancellations began.
“It would make me think about driving, yes, definitely,” Padgett said. “We travel annually for our work conference, and thankfully, it seems like we made it back just in time before all the craziness. I’m done flying for the year, but it definitely would make me think twice about driving wherever I need to travel now,” said Pete.
Airport officials are advising travelers with connecting flights to check with their airlines, consider purchasing backup tickets and look for nonstop options when possible. Some airlines are offering free flight changes in response to the disruptions.
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