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 Folly Beach, 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 Folly Beach natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Folly Beach, 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 Folly Beach, 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 Folly Beach, 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.
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 Folly Beach, 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 Folly Beach, 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.
You can find beach towns all over the Atlantic coast, but few have such a vibrant art, festival, and culinary scene as Folly Beach. This town, now home to just over 2,000 residents, has all kinds of quirky attractions to discover, including a graffiti walk, an annual mermaid-themed festival, and a weekly art village. If you are looki...
You can find beach towns all over the Atlantic coast, but few have such a vibrant art, festival, and culinary scene as Folly Beach. This town, now home to just over 2,000 residents, has all kinds of quirky attractions to discover, including a graffiti walk, an annual mermaid-themed festival, and a weekly art village. If you are looking to experience some of South Carolina’s most eccentric energy, you will find it here in Folly Beach.
Although Folly Beach’s history dates back to a 1696 land grant from King William III, the British largely ignored the area over the years, seeing little commercial value in it. The Bohicket tribe remained on the island for many years afterward, until a growing European population in the Charleston area eventually forced them out. In the years that followed, the island saw all kinds of visitors, many of whom were shipwreck survivors who ended up there by pure chance. After the Civil War, people began to recognize the island’s potential as a vacation spot near the city, leading to the construction of the famous pier, along with a boardwalk, amusement rides, and shops. Today, countless visitors flock to Folly Beach each year for a much-needed escape.
Some towns have a park or plaza where residents gather. Folly Beach, however, has a pier. The Edwin S. Taylor Folly Beach Fishing Pier, located just off Arctic Avenue, extends 1,049 feet into the ocean, is 25 feet wide, and stands 22 feet above sea level. Day to day, you’ll see people birdwatching and strolling along the pier. It is also a renowned landmark in the Charleston area for saltwater fishing. If you are in need of some fishing gear, you can find rod rentals and bait at the Gangplank Gift & Tackle Shop at the entrance to the pier.
Pier 101 Restaurant and Bar is also a popular place to grab a bite, a casual dining spot with sweeping views that serves seafood, sandwiches, and salads. Depending on the time of year, travelers might be able to attend a special event. From May through September, the pier comes to life for the monthly Moonlight Mixers. This regular series celebrates summer with a live DJ, dancing, and drinks, and attendees of all ages are welcome.
A lot of Folly Beach’s quirky character is expressed through its local artists and musicians. Travelers in Folly Beach should make sure to stop by the Folly Art Village, a weekly artisan market with local crafters and vendors that sell jewelry, hats, backpacks, mugs, cookies, home decor, and much more. Also outdoors, travelers will find the Graffiti Walk, an ever-evolving open-air art gallery that features layers of murals, paint, and personal messages that reflect the artistic spirit of both residents and visitors.
For souvenirs and art you can take home with you, like beachy paintings, locally made woodwork designs, or shark-tooth jewelry, Folly Fossils N Art offers plenty to browse. If you are craving some local live music, there are several venues around town that host performances on a regular basis. Sand Dollar Social Club is a popular venue. This local roadhouse has been in business for over 40 years and offers live music on Fridays and Saturdays. You can even join the club for a dollar.
While Folly Beach celebrates the classic holidays like the Fourth of July and Christmas each year, it also hosts some pretty unbelievable festivals. Each October, for example, the town comes together for Mermaids & Mateys, a two-day festival that celebrates the sea. During the weekend, the town shuts down Center Street to motorized traffic, filling it instead with food, drink, fashion, and arts and crafts vendors. There is also live music on several stages, a kids' zone, and other family-friendly activities. On Sunday, the entertainment moves to the beach for an exciting sand sculpting contest. This townwide love for the sea returns again in February, during the annual Sea & Sand Festival. Running for 33 years, this festival is the oldest in Folly Beach, offering another weekend full of family-friendly fun, artisan markets, and competitions in the sand.
If you are feeling particularly courageous, consider visiting Folly Beach during the Bill Murray Polar Plunge in January! This event, which commemorates one of Charleston’s funniest and most beloved residents, takes place along the beach at the Tides Hotel and offers commemorative t-shirts, a costume contest, and a plunge into the chilly winter waters of the Atlantic to ring in the new year. Each attendee is encouraged to come dressed up as their favorite Bill Murray character.
Despite its small population, Folly Beach has an impressively diverse culinary scene. Rita's Seaside Grille has a classic beach bar vibe you would expect in a town like this, and Jack of Cups Saloon is a local favorite, established in 2014 and serving dishes that are largely inspired by Asian and Indian cuisine. A few of the dishes on the menu include Thai Meatballs, Chana Masala, Green Curry Mac, and Le Blanc Curry. There is also an extensive wine and beer list for those seeking a drink to unwind. If you are craving tacos, meanwhile, make sure to check out Chico Feo. This hot spot, which has been in the community since 2013, is family-owned and operated, serving tacos, sandwiches, and many Caribbean-inspired dishes. It also frequently hosts live music events in the evenings, so make sure to check out their calendar before your visit.
Folly Beach is no ordinary beach town. A vibrant art and music scene, unique festivals, and eclectic restaurants have helped shape a quirky destination that offers more than just sandy shores. The town’s pier also serves as an important place for community building and entertainment. So if you are ready to shake up your travel routine a bit this year, make sure to keep Folly Beach in mind.
Tropical Storm Chantal formed off the South Carolina coast Saturday morning, prompting Tropical Storm Warnings across parts of South Carolina’s beaches and promising a stormy end to the holiday weekend.Chantal has peak winds of 40 mph so far and is currently about 150 miles southeast of Charleston, South Carolina, crawling forward to the north at about 2 mph, according to the National H...
Tropical Storm Chantal formed off the South Carolina coast Saturday morning, prompting Tropical Storm Warnings across parts of South Carolina’s beaches and promising a stormy end to the holiday weekend.
Chantal has peak winds of 40 mph so far and is currently about 150 miles southeast of Charleston, South Carolina, crawling forward to the north at about 2 mph, according to the National Hurricane Center.
The tropical storm is expected to undergo a little more strengthening through the day Saturday before making an expected landfall on the northern South Carolina coast sometime Sunday morning.
“The number one impact by far will be the locally heavy rain, especially along and where the center comes on shore north of (Folly Beach) sometime late tonight, but more than likely, sometime Sunday morning, maybe before sunrise, maybe just after sunrise,” FOX Weather Storm Specialist Mike Seidel said from Folly Beach. “It’s a broad center at this point.”
Tropical Storm Warnings are in effect from South Santee River, South Carolina to Cape Fear, North Carolina. A Tropical Storm Watch is in effect from Edisto Beach to South Santee River, South Carolina.
Tropical storm-force winds are expected in the warning areas starting Saturday evening and lasting into Sunday morning. Gusts to 40-45 mph are possible in the watch areas later Saturday.
“With that said, if you get a gust 40 to 45 (mph), it probably is not going to cause any structural damage, likely not to knock out any power, a little if any power,” Seidel said. “Once again, re-emphasizing the rain and then on these beaches, you’ll have the wave action and certainly the rip currents, especially on the South Carolina coast up towards, say, Wrightsville.”
In addition, heavy rains are across the coastal plains of the Carolinas into Monday, with widespread areas receiving 2-4 inches. Some isolated spots could get up to 6 inches of rain, the NHC says.
Chantal will even bring a minor storm surge to parts of the Carolina coasts.
“The combination of storm surge and tide will cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline,” the NHC said.
Peak surge could reach about 1-3 feet in the Tropical Storm Warning area, and about 1-2 feet in the watch area.
Heavy surf and life-threatening rip currents will be an added danger for those along the beaches in Chantal’s path.
The Atlantic hurricane season runs from June 1 to Nov. 30.
After more than 15 years, this popular Folly Beach bar and grill has traded its Blu reputation for a pink rebrand.Since 2009, Blu Beach Bar & Grill has offered oceanfront dining and drinking for Folly Beach residents and visitors. Remaining under the same ownership of Avocet Hospitality, Blu has opened under a new identity: Pinky&rsq...
After more than 15 years, this popular Folly Beach bar and grill has traded its Blu reputation for a pink rebrand.
Since 2009, Blu Beach Bar & Grill has offered oceanfront dining and drinking for Folly Beach residents and visitors. Remaining under the same ownership of Avocet Hospitality, Blu has opened under a new identity: Pinky’s on the Beach, according to a news release.
“We wanted to create something truly shocking — something that would spark joy, laughter, and a sense of play the moment you walk through the doors,” Jon Weitz, a co-founder of Avocet Hospitality, said in the release. “And what better way to do that than with a whole lot of pink?”
Located within the Tides Folly Beach hotel, Pinky’s remodel will follow an eclectic and mismatched pink design, according to the release. Decorations will include pink Cadillac booths, a pink pool, pinball machines and a mural by Girls Who Paint.
Avocet partnered with Charleston-based designer Jay Fletcher to remodel the space, the release said.
“I’m so excited for the new space that our team has created. It feels like a mini-vacation — where people can kick back, sip something fruity, and just enjoy the moment,” Halee Brinson, food and beverage director for Tides Folly Beach, said in the release. “I think Pinky’s on the Beach is going to be a great addition to our community, for our Folly locals and our out-of-town visitors alike.”
Blu Beach Bar & Grill closed June 16-17 for the remodel, opening June 18 as Pinky’s on the Beach, according to the release.
Tropical Storm Chantal made landfall along the South Carolina coast early Sunday morning and continuing coverage has moved here....
Tropical Storm Chantal made landfall along the South Carolina coast early Sunday morning and continuing coverage has moved here.
Tropical Storm Chantal is now less than 100 miles away from the South Carolina coastline, with landfall expected on Sunday north of Charleston.
Rough seas and heavy rainfall are the greatest threats as the tropical storm moves ashore and rains itself out over the Carolinas.
Already, lifeguard organizations across the Grand Strand have reported performing rescues of those venturing into the rough Atlantic.
Chantal was reported to have maximum sustained winds of around 45 mph, according to the National Hurricane Center.
Tropical Storm Warnings remain in effect from South Santee River, South Carolina to Cape Fear, North Carolina. A Tropical Storm Watch is in effect from Edisto Beach to South Santee River, South Carolina.
"The number one impact by far will be the locally heavy rain, especially along and where the center comes on shore north of (Folly Beach) sometime late tonight, but more than likely, sometime Sunday morning, maybe before sunrise, maybe just after sunrise," FOX Weather Storm Specialist Mike Seidel said from Folly Beach. "It's a broad center at this point."
"With that said, if you get a gust 40 to 45 (mph), it probably is not going to cause any structural damage, likely not to knock out any power, a little if any power," Seidel said. "Once again, re-emphasizing the rain and then on these beaches, you'll have the wave action and certainly the rip currents, especially on the South Carolina coast up towards, say, Wrightsville."
In addition, heavy rains are across the coastal plains of the Carolinas into Monday, with widespread areas receiving 2-4 inches. Some isolated spots could get up to 6 inches of rain, the NHC says.
Flood Watches are in effect for several counties along the South Carolina-North Carolina border, where the combination of high tides and heavy rainfall could lead to poor drainage at times.
Chantal will even bring a minor storm surge to parts of the coast of the Carolinas.
"The combination of storm surge and tide will cause normally dry areas near the coast to be flooded by rising waters moving inland from the shoreline," the NHC said.
Peak surge could reach about 1-3 feet in the Tropical Storm Warning area, and about 1-2 feet in the watch area.