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 Isle of Palms, 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 Isle of Palms natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Isle of Palms, 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 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.
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 Isle of Palms, 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 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:
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 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.
An Isle of Palms homeowner will argue before a judge this week that the state's challenge to the retaining wall built behind his oceanfront home is null and void.The hearings for the case that has pitted Isle of Palms property owners Rom and Renee Reddy against the Department of Environmental Services will begin on May 6 in the state Administrative Law Court in Columbia, and are expected to last unti...
An Isle of Palms homeowner will argue before a judge this week that the state's challenge to the retaining wall built behind his oceanfront home is null and void.
The hearings for the case that has pitted Isle of Palms property owners Rom and Renee Reddy against the Department of Environmental Services will begin on May 6 in the state Administrative Law Court in Columbia, and are expected to last until May 8.
A clerk confirmed on May 5 that the hearings would be held the morning of May 6, despite a motion filed by the Reddys on April 30 asking for a 90-day continuance.
Reddy recently fired his team of lawyers from firm Williams Mullen. The termination came shortly after ALC Chief Justice Ralph Anderson denied the Reddys' motion for summary judgment on April 24, which would have bypassed the need for trial.
This is the second team of lawyers Reddy has fired. He parted ways with his original counsel from Finkel Law Firm in July 2024.
In the order, Anderson reaffirmed the state's authority to manage South Carolina beaches, including the power to issue permits for building in the critical area, a section of the shoreline where development and construction is limited.
In an email to Anderson on April 29, Reddy attributed the termination to an irreconcilable fee dispute. He filed a motion for a 90-day continuance, a delay to give him time to hire more lawyers. Reddy noted that no attorneys were willing to take up the case without at least three months to prepare for trial.
If the request was denied, the homeowner and founder of SC DOGE said he would appear and represent himself.
Opening statements are set to begin as scheduled on May 6.
DES filed a petition for injunctive relief in the Administrative Law Court in February 2024 after the state agency became aware of the ocean-facing wall behind the Reddys' home on the Isle of Palms. The state fined the homeowners $289,000 for the wall, which they say is an unauthorized structure in the protected area of the beach.
The Reddys' have fought against the state's claims, arguing that the definition of "critical area" is too vague, and questioned the constitutionality of the term. Reddy has characterized the legal proceedings as "tyranny."
"Ultimately, this is a question of whether a government can confiscate a private citizen's land in the name of environmental protection with no compensation," Reddy said in an April statement to The Post and Courier.
DES, joined by the Coastal Conservation League, will argue to uphold the state's jurisdiction over the beaches. They are also seeking to have the wall removed and the beach restored to its original state.
Set in the marshes between Mount Pleasant and Isle of Palms, Little Goat Island is a small undeveloped patch of land. Countless visitors to the popular IOP tourism town pass right over the island each summer as they fight the crowds on the connector bridge on their way to the beach.Sandwiched between two heavily populated communities, Little Goat Island is one of the last undeveloped sea islands in the Lowcountry and a "time capsule" that still looks much as it did a century ago, according to the Lowcountry Land Trust. Now i...
Set in the marshes between Mount Pleasant and Isle of Palms, Little Goat Island is a small undeveloped patch of land. Countless visitors to the popular IOP tourism town pass right over the island each summer as they fight the crowds on the connector bridge on their way to the beach.
Sandwiched between two heavily populated communities, Little Goat Island is one of the last undeveloped sea islands in the Lowcountry and a "time capsule" that still looks much as it did a century ago, according to the Lowcountry Land Trust. Now it's permanently protected from any future development thanks to a donated conservation easement, the nonprofit announced March 31.
“Undeveloped islands like this are increasingly rare,” Natalie Olson, the sea islands program director at Lowcountry Land Trust, wrote in a press release announcing the acquisition. "By preserving this land, we are ensuring that both wildlife and future generations can experience its natural beauty. This conservation effort also helps protect the delicate coastal ecosystem and support biodiversity and climate resilience.”
Little Goat Island is 28 acres of upland habitat surrounded by nearly 400 acres of salt marshes, according to the Land Trust. As a relatively undisturbed salt marsh habitat, the island provides critical refuge for Lowcountry oysters, birds, aquatic species and native plants. No goats graze on Little Goat Island.
"We're so excited to be able to preserve Little Goat Island in perpetuity,” Kim Chesson, who owns the island with her husband, wrote in a statement. “My parents lived across from this island for over 20 years, and now we have a house that overlooks it. We love that it will stay undeveloped for our family and for our Isle of Palms neighbors to enjoy!"
The donation of the Little Goat Island conservation easement expands a growing corridor of conserved land along Sullivan's Island and Isle of Palms, according to the Land Trust. That includes Gold Bug Island, Sullivan's Island Beach and parts of Goat Island — a separate piece of land northeast of Little Goat Island.
ISLE OF PALMS — A judge reaffirmed the Department of Environmental Services' authority over state beaches and denied a request for summary judgment in the Isle of Palms seawall case.The April 28 order from Administrative Law Court Chief Judge Ralph Anderson sets the stage for a trial to begin next week in Columbi...
ISLE OF PALMS — A judge reaffirmed the Department of Environmental Services' authority over state beaches and denied a request for summary judgment in the Isle of Palms seawall case.
The April 28 order from Administrative Law Court Chief Judge Ralph Anderson sets the stage for a trial to begin next week in Columbia where attorneys for Isle of Palms homeowners Rom and Renee Reddy will argue that the ocean-facing retaining wall they built was not constructed in the critical area of the beach, a section of the shoreline where development and construction is limited.
Whether the state's definition of the "critical area" is unconstitutionally vague will also be up for debate.
Over a year has passed since the case was filed by DES against the homeowners. In that time, the administrative law court allowed the Coastal Conservation League to intervene in the case. It also has given Reddy time to launch DOGE SC, a political action committee that advocates in reducing state agencies by half.
Attorneys for the Reddys filed a motion for summary judgment in March, asking the court to rule in favor of the homeowners and invalidate the state environmental agency's previous administrative orders against them, including a $289,000 civil penalty.
The environmental department asserts that the wall behind the Reddys' beachfront home near Breach Inlet was built within the critical area of the beach and ignored a handful of stop-work orders from the agency.
If granted, the summary judgment would have bypassed the need for a trial and render DES enforcement actions, like the fines and orders to remove the wall from the beach, invalid.
Judge Anderson declined to offer a summary judgment, instead reaffirming the department's authority over the state's beaches, including the power to issue permits for building in the critical area.
"Because the Department is the only state agency authorized to permit or deny alterations or utilizations within critical areas, it undeniably has jurisdiction over the Beach Critical Area," Anderson wrote in his order.
Hearings for the case are set to begin May 6.
Rom Reddy, in a written statement to The Post and Courier, said the denial for summary judgment was "no surprise," and that he fully expects Anderson to rule against him at trial.
"Article 1 of the SC constitution says I should 'enjoy the right to a speedy and public trial by an impartial jury' not a trial by a judge who is part of the unelected agency state that accused and convicted me of wrongdoing with no due process," Reddy said.
The homeowners maintain that the wall is outside the state's jurisdiction, and the litigation amounts to an unlawful taking of property.
"This is not justice but tyranny. Ultimately, this is a question of whether a government can confiscate a private citizen's land in the name of environmental protection with no compensation," Reddy said.
Leslie Lenhardt, an attorney for the South Carolina Environmental Law Project, said the Coastal Conservation League is pleased with the order. The law project is representing the conservation league in the case.
"Mr. and Mrs. Reddy were setting forth an argument that (environmental regulators) didn't have any authority to regulate or prohibit such a hard erosion control structure on the beach, on the public beach, and Judge Anderson very summarily rejected that argument," Lenhardt said. "While there are questions that remain, this is just a real positive move in the right direction."
DES representatives declined to comment on the order due to the ongoing litigation.
Reach Anna Sharpe at 843-806-6790.
A collaborative push to address flood-prone areas of Isle of Palms and beach erosion on the back side of the island has seen SeamonWhiteside (SW+) pour their energies into recommending effective resilience measures.On the heels of offering a final presentation of their sea level rise strategy at the March Isle of Palms City Council meeting, SW+ reps Ryne Phillips and Colleen Williams have identified a key factor causing coastal erosion — septic systems....
A collaborative push to address flood-prone areas of Isle of Palms and beach erosion on the back side of the island has seen SeamonWhiteside (SW+) pour their energies into recommending effective resilience measures.
On the heels of offering a final presentation of their sea level rise strategy at the March Isle of Palms City Council meeting, SW+ reps Ryne Phillips and Colleen Williams have identified a key factor causing coastal erosion — septic systems.
These residential wastewater treatment and disposal mechanisms that are not connected to a public sewer system occupy most of the lowest areas on the island. It's in these parts, said Phillips, where much of the flooding and tidal inundation happens.
"You've got to get rid of septic systems so that they don't overflow and [bring] sewage. It's not just the flooding, it's a water quality public health issue," stated Phillips who serves as the SW+ Water Resources Team Leader.
The architecture and civil engineering firm is currently interfacing with the Isle of Palms Water & Sewer Commission in securing federal funding to get the island off septic systems and linked to a sewer network.
In addition to septic systems, recounted Williams, the City is working off its 2023 Master Plan focusing on drainage improvements. The plan features a multi-use path elevation project on Waterway Boulevard, as the City is in the process of acquiring a release from each abutting homeowner prior to breaking ground.
"So, what we tried to recommend were improvements that supported these ongoing efforts. So — three categories: programs, policies and projects. We talked about every new development be tapped into a sewer line, and not a septic field," Williams continued.
The SW+ Land Planner went on to detail green infrastructure solutions in terms of advising the City to require increased tree canopy to stabilize the soil and create pervious surfaces. In addition, Williams and her colleagues have recommended living shorelines, rain gardens and private incentive programs, all in the pursuit of dissipating flood water in an aesthetically pleasing manner.
SW+'s blueprint — formally adopted by City Council in March — projects what the firm "absolutely needs to happen" by 2040 in order to line up their stormwater infrastructure solutions by 2050.
Activities in progress to mitigate erosion include the constant replacement of lost sand spearheaded by Steven Traynum of Coastal Science & Engineering (CSE).
On that front, CSE is working alongside the US Army Corps of Engineers (USACE) to renourish the beach, particularly along Breach Inlet.
"The USACE is currently placing sand along the south end of the island as part of a beneficial use project to improve navigation of the intracoastal waterway," said Traynum in a email to the Moultrie News.
"They plan to place 550,000 cy (cubic yards) of sand over the course of several months, with most of the material being placed along the mid to low-tide beach. The project is likely to continue through most of the summer. The City has secured another contractor to redistribute some of this material into a restored dune between Breach Inlet and 10th Avenue. That work is ongoing and will likely be completed in early May."
One issue with that, Phillips noted, is the Army Corp's unique requirements for contractors to redistribute their sand. Those specifications from the federal agency have driven up prices for contractors "astronomically," according to Phillips.
"If you want to live on the beach, on the salt, on the Isle of Palms, where it erodes, they're going to invest millions and billions," reported Phillips. "The sea level rise, on the backside of the island and the marsh ... I think the real solution is preventing that tidewater from coming inland through pipes."
The Clemson grad went one step further in arguing in favor of prohibiting people to build in low-lying areas or, at the very least, require them fortify and elevate before construction.
On that note, Phillips credited the City for its earnest attempts to elevate, enhance land mass and preventing water from penetrating the island's interior.
"But you can't protect one little point, right? Like if there's one crack in the wall, the wall fails as a whole. And that's with most coastal cities, not just Isle of Palms," he explained. "We just randomly keep putting our finger on the cracks and more cracks keep forming."
Both Phillips and Williams suggested that the continued implementation of new gray infrastructure (roads, buildings, pipes) and green infrastructure will be instrumental in handling high tides.
Or more specifically, as Phillips observed, their mission will demand a balancing act of using traditional pipes to remove tidal water and green infrastructure (rain gardens, bioswales, etc.) to keep water from pooling and ponding along local roads.
Added Williams: "If we can reestablish some marsh on the backside of the island that helps prevent erosions, that helps slow down the influx of water."
To view SW+'s Sea Level Rise Adaptation Plan, visit https://www.iop.net/sea-level-rise-adaptation-plan.
#SeaLevelRiseAdaptationPlan #IsleofPalms #BeachErosion #FloodingSouthCarolina #SeamonWhiteside #RynePhillips #ColleenWilliams #StevenTraynum #USArmyCorpsofEngineers #USACE #CoastalScienceandEngineering
The clear float of a Man-o-war jellyfish rests on the sand after it was left stranded high and dry by the high tide. (Photo: National Park Service/Nathaniel Pinson)LOWCOUNTRY, S.C. (WCIV) — If you've been for a stroll along some Lowcountry beaches in recent weeks, you may have come across a few jellyfish washed up on shore. Most of the jellyfish you see in South Carolina are harmless, but some should be left alone.Officials with the Lowcountry's local beach communities want locals and visitors alike to know what to look o...
The clear float of a Man-o-war jellyfish rests on the sand after it was left stranded high and dry by the high tide. (Photo: National Park Service/Nathaniel Pinson)
LOWCOUNTRY, S.C. (WCIV) — If you've been for a stroll along some Lowcountry beaches in recent weeks, you may have come across a few jellyfish washed up on shore. Most of the jellyfish you see in South Carolina are harmless, but some should be left alone.
Officials with the Lowcountry's local beach communities want locals and visitors alike to know what to look out for when heading out into the ocean.
The Charleston area starts to see a larger amount of Cannonball jellyfish in the spring, which are the most common jelly in South Carolina -and least venomous.
“Cannonballs are largely harmless to humans and they're a favorite food of leatherback sea turtles," Erin Weeks with the South Carolina Department of Natural Resources explained. "Typically, when cannonballs appear, we know leatherbacks are not far behind. Like other jellies, cannonballs are poor swimmers that follow where ocean currents push them; thus, they often wash ashore, especially after offshore storms.”
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Jellyfish glide through the currents and end up washing up on shore. Some are more notorious than others.
Portuguese man o’ wars look like jellyfish, but they are actually just a relative, are bit more complex, and can be more harmful.
“Portuguese man o' wars are less frequently seen in the warmer months but merit greater caution," Weeks said. "These animals are easily distinguished by a bright blue, inflated 'float' that rests on the surface of the water, and they should be avoided both on the beach and in the water. Man o' wars can trail long tentacles that cause a very painful sting.”
Man o' wars tend to drift through the Gulf Stream up to the waters off the coast of the Palmetto State.
To prevent getting stung, avoid touching washed up Man o’ wars, as they are still venomous. If you are stung seek medical help immediately.
For more information on jellyfish from the SCDNR, click here.
Officials said reporting sightings of jellyfish help prevent stings. To report a jellyfish sighting contact the Folly Beach Fire Department at 843-588-2433 on Folly Beach, the Sullivan's Island Fire Department at 843-883-9944 on Sullivan's Island, or the Isle of Palms Fire Department at 843-886-4410 on Isle of Palms.