Your Path to Homeownership Starts Here - Expert Mortgage Assistance

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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.

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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 Isle of Palms, 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 Company Isle Of Palms, SC
Mortgage Lending Service Isle Of Palms, 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.

Refinancing Isle Of Palms, SC
Refinances Isle Of Palms, 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 Isle of Palms, 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.

What Clients Say About Us

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

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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 Isle of Palms, 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
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Latest News Near Me Isle of Palms, SC

History beneath the waves: Civil War shipwrecks shape Isle of Palms beach shore

ISLE OF PALMS, S.C. (WCSC) — As beach days return to the Lowcountry, a delicate balancing act is underway on the Isle of Palms, where efforts to combat coastal erosion must contend with Civil War history resting just offshore.About a mile out in murky Atlantic waters lie the remains of ships sunk more than 160 years ago. They were part of the Union Navy’s effort to choke off Charleston during the Civil War. Today, those same wrecks are shaping how engineers restore the island’s eroding shoreline.In a quiet bas...

ISLE OF PALMS, S.C. (WCSC) — As beach days return to the Lowcountry, a delicate balancing act is underway on the Isle of Palms, where efforts to combat coastal erosion must contend with Civil War history resting just offshore.

About a mile out in murky Atlantic waters lie the remains of ships sunk more than 160 years ago. They were part of the Union Navy’s effort to choke off Charleston during the Civil War. Today, those same wrecks are shaping how engineers restore the island’s eroding shoreline.

In a quiet basement lab at the South Carolina Institute of Archaeology and Anthropology at the University of South Carolina in Columbia, toothbrushes, teacups, ceramics, bullets and even bones sit carefully cataloged in boxes.

They are artifacts recovered from blockade runners and vessels connected to what became known as the First and Second Stone Fleets.

“During the Civil War, the Union Navy instituted a blockade of Southern ports. In South Carolina, that really manifested in Charleston trying to prevent blockade runners from coming in,” James Spirek, state underwater archaeologist, said. “The blockade runners are bringing military goods and then also commercial goods, consumer goods to the South and to keep the army going.”

To strengthen the blockade, the Union purchased aging whaling and merchant vessels, filled them with stone, and deliberately sank them in key shipping channels leading into Charleston Harbor. The first fleet obstructed the main ship channel. When runners adapted, a second wave of ships was sunk off what is now the Isle of Palms.

“It was an obstacle course,” Spirek said.

Smugglers still tried to slip through the shallow beach channels. Some didn’t make it.

“The Georgiana, in this case, it’s spotted and it’s chased by the Union by and the blockade was, you know, firing heavy cannons at it. And so apparently it did disable the vessel. And then the captain, the Georgiana, wrecked onto a shoal.”

A year later, another ship, the Mary Bowers, wrecked onto the Georgiana. On sonar scans, the two form an X on the seafloor.

“And so we, you know, like to say that X truly marks the spot,” Spirek said.

Divers who first documented the wrecks in the 1960s described murky water and cargo seemingly frozen in time. When archaeologists returned decades later, visibility remained limited, sometimes only a few feet.

But even in dark water, history is visible.

“There’s still information out there and it’s amazing what can be preserved,” Spirek said.

He calls the wrecks “nonrenewable resources.”

“We’re not going to get, hopefully, another American Civil War,” Spirek said. “So these things are never going to be made or anything of that nature. So that’s why we look to preserve them.”

While history rests offshore, erosion is eating away at the island’s shoreline. The U.S. Army Corps of Engineers and the city of Isle of Palms are planning a major beach renourishment project expected to begin this summer, with an estimated cost of $30 million.

“If we don’t restore the beaches, the erosion starts to threaten the critical infrastructure: homes, buildings, parking areas, public use areas. And then we end up with a lot of storm damage,” Steven Traynum, president of Coastal Science and Engineering, said.

Beach renourishment involves dredging sand from offshore and pumping it onto the shoreline. But not just any sand will do.

“Beach sand has to be a certain character. It’s got a certain grain size, certain color or certain texture. And we try it when we’re doing dredging projects and beach restoration. We’re trying to match the native sand as much as we possibly can,” Traynum said.

Some of the best beach-quality sand sits near the historic wreck sites.

“We’re trying to avoid the, the most critical area where we know most of the wrecks are, even though there’s some really good sand there,” Traynum said.

Removing too much sand near a wreck could destabilize it. Changing currents could scour away protective sediment, exposing fragile wood hulls to faster deterioration. To prevent that, archaeologists and engineers establish buffer zones, essentially invisible circles around known shipwrecks and magnetic anomalies.

“If it’s a known shipwreck where you know what the ship is, we put a very large buffer around that because we don’t want to get anywhere close,” Traynum explained.

Spirek says the process is rooted in federal law when federal funding is involved, requiring consultation and cultural resource surveys before dredging begins. If something significant is found, work can be adjusted.

For engineers, it’s about stewardship as much as construction.

“The worst thing we want to see is a historic artifact come through that dredge pipe,” Traynum said.

Ironically, ships once sunk to blockade Charleston are still influencing the coastline today.

Spirek notes that in previous debates over renourishment, headlines joked that the Stone Fleet was “still blockading” the coast.

More than 160 years later, the obstruction is no longer military; it’s historical.

“It’s really just a balance. I don’t see why we need to just blow through shipwrecks just because they’re in the way,” Spirek said.

Above water, waves continue their slow work of reshaping the shoreline. Below, wooden hulls rest in sand and shadow, remnants of a naval battlefield few beachgoers will ever see. The challenge for the Isle of Palms is not choosing between beach and history: it’s protecting both.

Wife of Isle of Palms paramedic warns staffing gaps could endanger emergency care

ISLE OF PALMS, S.C. (WCIV) — On the Isle of Palms, concerns among the community are growing over firefighter and paramedic staffing.The wife of an Isle of Palms paramedic is sounding the alarm about coverage during medical emergencies. She claims that if the city doesn't make changes soon, there could be serious consequences during emergencies when lives are on the line."We lost quite a few firefighters last year," said Danielle Murphy, whose husband has been a firefighter for more than a decade.R...

ISLE OF PALMS, S.C. (WCIV) — On the Isle of Palms, concerns among the community are growing over firefighter and paramedic staffing.

The wife of an Isle of Palms paramedic is sounding the alarm about coverage during medical emergencies. She claims that if the city doesn't make changes soon, there could be serious consequences during emergencies when lives are on the line.

"We lost quite a few firefighters last year," said Danielle Murphy, whose husband has been a firefighter for more than a decade.

READ MORE | "Continued seawall dispute on Isle of Palms raises environmental concerns."

According to her, when he joined the Isle of Palms Fire Department, his starting salary was low. She believes that pay is the reason for staffing shortages.

There are currently six firefighter-paramedics employed, according to the Isle of Palms city website.

Murphy, however, contends they are down to three and two more may be leaving soon for better-paying jobs.

"We have three paramedics left and that is for two different fire stations," she said.

Isle of Palms said it has three open paramedic positions. They could not confirm the current salary for those employees.

Murphy has asked the Isle of Palms City Council to reconsider its budget, but has not found much success, she said.

City officials declined to comment on the matter.

Paramedics are crucial in providing critical care that EMTs can't.

READ MORE | "Isle of the Palms weighing funding options to renourish beach."

There was a four-day stretch with no paramedics working at the fire department, Murphy said.

"This is dire and people can die," she said. "The council has constantly brushed this off."

Isle of Palms officials officals hope the current wage and competition will attract more firefighter-paramedics, they said.

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