Mortgage Broker in James Island, SC

We know that many home loan officers have horrible reputations. Some brokers only see their clients as transactions, and a means to make quick money. They come off as impatient and pushy, failing to understand that this is a very big decision for you. At Mission One Mortgage, we take the opposite approach. We encourage our clients to take as much time as needed to ask us questions and review mortgage documents. We could say that our mission is to exceed your expectations, but we'd rather just show you. From assistance finding FHA, VA, or other loans to refinancing your current mortgage, Mission One is the team you can trust.

Here are just a few reasons why home buyers choose Mission One Mortgage:

No Additional Fees

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

Access to 50 Lenders

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

Accessible to Our Clients

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

Setting You Up for Success

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

Contact Us For Service !

Free Consultation phone-number (843) 822-5685

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

What Does a Mortgage Broker Do?

Your mortgage broker is a third party that works to connect you with mortgage lenders. Essentially, a mortgage broker works as an intermediary between a person who wants to buy a home and the entities offering loans to buy a home. The mortgage broker works with both the borrower and lender to get the borrower approved. They also verify and collect paperwork from the borrower that the lender needs to finish a home purchase. Typically, mortgage brokers have relationships with several home loan lenders. Mission One Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in James Island, SC, from which to choose.

In addition to finding a home loan lender, your mortgage broker will help you settle on the best loan options and interest rates for your budget. Ideally, your mortgage broker will take a great deal of stress and legwork off your plate while also potentially saving you money.

Help with the Pre-Approval Process

If you're ready to buy a home, getting pre-qualified is a great choice that will streamline the entire process. Your mortgage broker makes getting pre-approved easy by obtaining all the documents needed to get you pre-qualified. In taking a look at your application, they will determine if you're ready for the pre-approval process. If your application needs additional items, the mortgage company will help point you in the right direction to ensure your application is as strong as it can be. Your mortgage broker will also walk you through the different types of loans, from Conventional and FHA to VA and USDA.

In order to be pre-approved for a home in South Carolina, you must have the following:

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

Conventional Mortgages

Conventional loans can be used to purchase a new home or refinance your current one. Conventional loans include fixed-rate mortgages and adjustable-rate mortgages. Generally, borrowers must put down a 3% down payment for owner-occupants, 10% for a vacation property, and 20% for an investment home. If you are able to pay 20% of the total cost of the home, you can avoid private mortgage insurance, which is otherwise required. Conventional mortgages are often preferred by buyers with good credit or people needing a non-owner-occupied mortgage.

 Mortgage Broker James Island, SC
 Mortgage Company James Island, SC

FHA Loans

FHA mortgages are issued by the U.S. government and backed by the Department of Housing & Urban Development (HUD). This loan is often preferred by first-time homebuyers because it only requires a 3.5% down payment and offers more flexibility with credit requirements and underwriting standards. FHA loans have several requirements you must meet to qualify. Contact Mission One Mortgage today to learn more about FHA loans and whether or not they're best for your financial situation.

USDA Loans

Also backed by the government, these loans are insured by the U.S. Department of Agriculture and don't require money down. These loans have lower insurance requirements when compared to FHA loans, offer 100% financing if you qualify, and allow for closing costs to be covered by the seller. In order to qualify for a USDA loan, you must live in a rural area, and your household income must meet certain standards. These loans are often preferred by low-income citizens who live in rural parts of South Carolina.

 Mortgage Lending Service James Island, SC
 Refinancing James Island, 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 James Island, SC, works for a bank or credit union, while a mortgage broker works for a brokerage company. Home loan originators and mortgage brokers are both licensed by the Nationwide Multistate Licensing System (NMLS).

Q. I've heard from everyone that you must have mortgage insurance to buy a home. What is mortgage insurance?

A. Essentially, mortgage insurance helps protect lenders if a borrower forecloses on the home they bought. One advantage of mortgage insurance is that when borrowers pay it, lenders can often grant loans to buyers when they might not have otherwise. Though not always required to buy a home, mortgage insurance is often needed for down payments of less than 20%.

Q. I have just been pre-approved to buy a beautiful home in South Carolina. Is there anything I shouldn't do now that I'm pre-qualified?

A. Mortgage companies like Mission One Mortgage, make getting pre-qualified for a home easy. However, as your loan process continues, your lender is required to run a new credit report before closing on a home. For that reason, it's to avoid any activity that might affect your credit score, such as:

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

Q. My brother-in-law recently refinanced his home in South Carolina. What is refinancing, and should I consider refinancing my home too?

A. Refinancing your home basically means you're swapping your current mortgage for a new one, most often with a lower interest rate. If you would like to reduce the term of your loan, lower your monthly mortgage payments, or consolidate debt, refinancing may be a smart option. Many homeowners also choose to refinance if they want to switch from adjustable-rate mortgages to fixed-rate mortgages or to get cash back for home renovations. To learn whether refinancing is a viable option for your situation, contact Mission One Mortgage ASAP, as loan rates change frequently.

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

Head-bottom

Here at Mission One Mortgage, we believe that the best communities begin with the dream of home ownership. Our mission is to make those dreams come true, with personalized service, expert guidance, and good old-fashioned hard work. As one of the most trusted mortgage companies in James Island, SC, we have years of experience working with a diverse range of clients, from first-time buyers and investors to self-employed borrowers and non-native English speakers.

Though every mortgage situation is different, one thing never changes: our commitment to clients. Contact our office today to get started on an exceptional home-buying experience.

Contact Us For Service !

phone-number (843) 822-5685
 Refinances James Island, SC

Latest News in James Island, SC

Proposed James Island preschool sparks drainage worry for neighboring homeowners

JAMES ISLAND, S.C. (WCSC) - The site of a proposed preschool on James Island is causing some neighbors to worry about what their yards will look like during a storm or what the traffic will look like during rush hour.The city of Charleston’s Design Review Board approved the basics, like what kind of building materials and plants the developer wants to use, for example, at the proposed Goddard Preschool located at 1137 Folly Rd., ...

JAMES ISLAND, S.C. (WCSC) - The site of a proposed preschool on James Island is causing some neighbors to worry about what their yards will look like during a storm or what the traffic will look like during rush hour.

The city of Charleston’s Design Review Board approved the basics, like what kind of building materials and plants the developer wants to use, for example, at the proposed Goddard Preschool located at 1137 Folly Rd., at Tuesday night’s meeting.

However, neighbor Matthew Pertuset says he’s more worried about what the city will review later on.

“How is that going to affect the, not just the people that back up, but the entire neighborhood?” Pertuset said.

The proposed preschool sits directly behind Pertuset’s home in the Queenborough neighborhood. He says he’s worried about the design of this building’s drainage because of how it already acts during storms.

“We’re already holding water,” Pertuset said. “So, for that to come up even more, I’m not sure. So, it’s a huge concern.”

But Robert Summerfield, the director of planning, preservation and sustainability for the city of Charleston, said because they have some of the most comprehensive stormwater regulations in the region, no project could make the problem worse but could only improve it.

“They’re working very hard to make sure that they are utilizing the existing wetlands on site and enhancing that as a stormwater catchment area,” Summerfield said.

But that’s not the only concern.

“If it is going to be a pickup, you know, we’re right here on Folly Road, how does that look during rush hour traffic in the mornings and the afternoons?” Pertuset said. “Is it going to get pushed into our neighborhood for us to deal with or is it just going to come to a stop on Folly Road?”

Summerfield said the city has already thought about it.

“We have created a drop-off low space so that cars, as they come in and drop their children off or pick them up, will actually flow through the site so that there’s a queueing situation that will occur so that people aren’t ideally not queueing out on Folly,” Summerfield said.

Neither the Goddard School nor the applicant, AAG Architects for Vista 26, LLC, have responded to requests for comment.

However, Pertuset said no matter what comes on this property, he just wants the city to be thorough with their plans.

“It is something that the community needs,” Pertuset said. “I think James Island could afford to have another preschool.”

Summerfield said the city will discuss more drainage specifics once the developer submits the next step to the Technical Review Committee. They will have to pass all initial designs before that is done and there’s currently no timeline of when that might take place.

Copyright 2024 WCSC. All rights reserved.

Discount grocer Aldi looks to bring 7th store to Charleston area

Discount grocer Aldi plans to ...

Discount grocer Aldi plans to beef up its presence across the Lowcountry.

The no-frills food chain filed plans with the city of Charleston recently to take over part of the space once occupied by the now-defunct Bi-Lo supermarket on Folly Road on James Island.

Aldi plans to lease 22,000 square feet of the roughly 40,000 square feet of empty space in the former grocery store building, according to Mark Hoffman, director of development for New Jersey-based Garden Communities, which has owned the 4.5-acre retail center since 1994.

Real Estate

An Aldi representative did not immediately respond for comment on projected time frames for the renovation work and an opening date. Hoffman said he expects work to begin within the next six months with a possible opening by 2025 "if not earlier."

Last year, workout chain Planet Fitness leased and renovated 25,000 square feet on the east side of the former supermarket.

It’s the second new site in the works this year for the German-owned grocery chain in the Charleston area.

In May, the company leased several acres at U.S. Highway 17 and KOA Campground Road for a second Mount Pleasant location. Aldi signed a land lease with property owner Oakland Associates LP for 20 years with the option to renew up to 25 years.

Real Estate

The penny-pinching Aldi doesn’t provide free shopping bags and requires a refundable quarter deposit for a shopping cart.

Get the best of the Post and Courier's Real Estate news, handpicked and delivered to your inbox each Saturday.

Email

The chain stocks a variety of standard products, mostly under its own label, as well as fresh meats and produce.

The grocer launched its first store in the Charleston region in 2015 off Dorchester Road on the edge of Summerville and North Charleston. The company then followed with a second store on Johnnie Dodds Boulevard in Mount Pleasant in 2017. Both locations were former bowling alley sites.

Aldi opened its third Lowcountry location in 2020 on North Main Street in Summerville, just south of the Earth Fare supermarket. The company added a fourth site later that year in the former Barnes & Noble Booksellers space on Rivers Avenue in North Charleston. A fifth store opened in 2022 on St. James Avenue in Goose Creek.

The low-budget grocer, with its U.S. headquarters in Batavia, Ill., is one of America’s fastest-growing retailers. It will add 120 stores this year. By the end of 2023, it will have 2,400 locations across the nation. It has 48 stores in South Carolina.

Lidl, its competitor that is also based in Germany, opened its first Charleston-area location on St. James Avenue in Goose Creek in 2017. A second location opened in 2022 in Cedar Grove Shopping Center on Dorchester Road in North Charleston, east of the Aldi location.

Lidl signed a lease in 2021 to outfit a former kitchenware shop in Bowman Place Shopping Center on Bowman Road in Mount Pleasant for the region’s third location but later scuttled plans.

In September, specialty grocery chain The Fresh Market took over the lease from Lidl. The Greensboro, N.C.-based supermarket chain has submitted plans to the town, but it has not announced an opening time frame.

Real Estate

Our twice-weekly newsletter features all the business stories shaping Charleston and South Carolina. Get ahead with us - it's free.

Charleston Co. moves forward with James Island intersection improvements

CHARLESTON, S.C. (WCSC) - One concerned resident living on James Island says there is a lack of communication on a traffic project that was designed to improve the safety and flow of traffic.The Central Park Road and Riverland Drive Intersection Improvements Project was made to improve the safety and traffic flow of Riverland Drive and Central Park Road for all modes of transportation while minimizing impacts on adjacent property and grand trees. The project officially began in 2018 and is still in the works.More than 11,000 ve...

CHARLESTON, S.C. (WCSC) - One concerned resident living on James Island says there is a lack of communication on a traffic project that was designed to improve the safety and flow of traffic.

The Central Park Road and Riverland Drive Intersection Improvements Project was made to improve the safety and traffic flow of Riverland Drive and Central Park Road for all modes of transportation while minimizing impacts on adjacent property and grand trees. The project officially began in 2018 and is still in the works.

More than 11,000 vehicles a day commute on Riverland Drive, according to the Charleston County Transportation Department, and the lack of turn lanes and significant delays have prompted a plan to relieve traffic congestion at the intersection of Riverland Drive and Central Park Road.

The need for more crosswalks, signs and designated areas, frequent accidents, narrow lanes and delays for school traffic are just a few reasons officials say the project is needed. The funding for the project comes from the second half-cent sales tax.

Eric Lundcrum lives on Terrabrook Lane on James Island and says the road hasn’t been upgraded and the growth continues to climb in the area.

Charleston County spokesperson Kelsey Barlow says the county intends to install crosswalks and a flashing light at the Central Park and Riverland intersection. The project will also add a right-turn lane with refuge on Central Park and a sidewalk along Riverland Drive that will extend to the future Woodland Shores sidewalk to the Riverland Drive multi-use path.

“We should have some consideration on completing some of these projects that are way overdue,” Lundcrum says. “The Charleston County Council is always 20 years behind upgrading infrastructure to satisfy the growth. The other solution was just to put a traffic light there, but they didn’t even do that. Year after year of more growth and year after year no solution to the very busy intersection.”

We reached out to officials from Charleston County who told us the South Carolina Department of Transportation has approved the right-of-way plans, and they are currently in the right-of-way acquisition process. They are scheduled to advertise construction in the third quarter of this year. Currently, officials say the project team has made contact with impacted property owners and working with them for the right-of-way acquisition process.

If you know a road that’s driving you crazy, you can submit your concern here.

Copyright 2024 WCSC. All rights reserved.

Johns Island welcomes California luxury hotel company

California-based Auberge Resorts Collection plans to debut its first planned luxury hotel in South Carolina come 2024 in the form of The Dunlin, located within the Kiawah River master-planned community on Johns Island.In partnership with real estate developer The Beach Co. and private investment and management company ...

California-based Auberge Resorts Collection plans to debut its first planned luxury hotel in South Carolina come 2024 in the form of The Dunlin, located within the Kiawah River master-planned community on Johns Island.

In partnership with real estate developer The Beach Co. and private investment and management company McNair Interests, the project is set to have a January groundbreaking.

“The Dunlin will offer an unforgettable escape where guests can immerse themselves in the pristine natural setting of Johns Island and the culturally rich attractions of Charleston,” Auberge Chairman Dan Friedkin said in a statement.

The Dunlin property will include 72 cottage-style guest rooms and suites and 19 villas, as well as a main lodge and porch, great rooms and a library lounge. Amenities encompass a pool with cabanas, full-service spa, community farmstead, and access to the community’s Spring House riverfront swim and fitness facilities.

A riverfront restaurant with outdoor deck will also be available, as will two event spaces, including a 10,000-square-foot indoor-outdoor event hall.

“We are pleased to partner with Auberge Resorts Collection to create The Dunlin, which will be one of the most remarkable new resorts in the country,” Beach Co. CEO John Darby said. “Auberge has a terrific track record of creating the most unique hospitality experiences in the world, and this endeavor’s intimate setting will bring highly personalized service with a coastal experience inspired by the local environment.”

Built into the Kiawah River community, which puts emphasis in natural surrounding elements, The Dunlin will consist of 2,000 acres of land with 20 miles of riverfront nature trails and marshlands. Guests will be able to participate in nature excursions on the property, including fly fishing, crabbing and boating, as well as paddle boarding, hiking and biking.

Architect Robert Glazier was chosen to design the resort, and Amanda Lindroth of Lindroth Design will lead the interior design of the property.

Construction financing was provided by United Bank’s Charleston offices.

Auberge Resorts Collection has 22 other hotels and resorts across the globe, recently winning accolades from Travel & Leisure’s 2021 World’s Best and Conde Nast’s 2021 Readers’ Choice awards.

Woman found on James Island roadway smiles through recovery after suspected hit-and-run

JAMES ISLAND — She was left for dead.Unconscious. Bleeding from a puncture wound to the back of her head and a gash arching from her hip to the top of her rib cage toward her spine. Fractures to her skull and neck.On June 21, 2023, Jenn Drummond was found lying in the middle of the roadway, just steps from her James Isla...

JAMES ISLAND — She was left for dead.

Unconscious. Bleeding from a puncture wound to the back of her head and a gash arching from her hip to the top of her rib cage toward her spine. Fractures to her skull and neck.

On June 21, 2023, Jenn Drummond was found lying in the middle of the roadway, just steps from her James Island home. Eight months later, after relearning to walk and talk, Drummond wants to thank all those who have helped her recover from what authorities suspect was a hit-and-run collision.

The case remains unsolved. But it prompted county officials to lower speeds and add speed humps to the road.

"I'm alive, thank goodness," Drummond said Feb. 7 in her first interview since she was injured. "It could have been worse."

Drummond thanked them all: doctors and nurses at Medical University of South Carolina, where she spent six weeks immediately after the crash; staff at the Shepherd Center, a private hospital in Atlanta that specializes in spinal cord and brain injuries where she relearned the basic functions of daily life; the West Ashley dentist who repaired her broken front teeth, restoring her smile and her confidence; the community that rallied to donate money to help pay her medical bills; and the neighbors who petitioned Charleston County to make the street where this happened safer.

A lot has changed in her life, she said.

She's moved in with her sister, Ashton Stover, who is six years younger than the 35-year-old Drummond. The injuries to the left side of her brain have affected motor function and feeling on the right side of her body. She continues physical therapy three times a week and hopes to get back to running soon. She cannot taste or smell. She has no memory of the collision, nor does she remember much of the past year.

But her wry sense of humor remained intact.

"I don't recommend it," she said. "Getting hit by a car."

Drummond met with reporters at Maybank Public House, where she used to enjoy the tacos when she lived and worked nearby. Two of her former neighbors on Woodland Shores Road also attended the press conference. Soon, they might be able to walk to the popular restaurant without fear of something similar happening to them.

Last week, Charleston County Council voted to lower the posted speed limit along the mile-long stretch of road from 30 to 25 mph and install eight speed humps between Maybank Highway and Riverland Drive.

Construction could start as early as March, said Adam Friend, who has lived along the road since the 1990s. The day before the public thank you, Friend met with Councilwoman Jenny Honeycutt, who represents District 9, which covers most of James Island, he said.

While thrilled that the traffic-calming measures they have been asking for are finally coming, Ashley Riser, who lived next door to Drummond when she was hit, struck a note of regret.

"It should not have taken this," Riser said.

Drummond said she hopes the safety measures help.

Woodland Shores Road forks off of Riverland Drive, offering drivers a shortcut to the eastern part of Maybank Highway. Cars routinely speed down the road, typically driving 15 to 25 mph above the posted limit, a 2021 traffic study found. Because the speed limit was above 25 mph, the road wasn't eligible for traffic calming measures such as the installation of speed bumps, according to emails between county officials.

The county also has plans this year to add an 8-foot, raised sidewalk on one side of Woodland Shores. Currently, there are none. Some neighbors will continue to traverse the busy two-lane road to get to their mailbox, Friend said.

The morning of June 21, Drummond, who ran a dog-walking service, had an early client. Her uncle and an attorney the family hired believe Drummond likely crossed the road to go to her mailbox or to throw something in the trash bins lining the street for pickup before going to her appointment.

She left her home at 5:13 a.m., according to data from her phone and Apple watch. Her final step was recorded at 5:18 a.m., when a security camera across the street captured blurry footage of what appears to be an SUV headed south from Maybank Highway. Drummond was found on the roadway around 5:40 a.m.

The Charleston County Sheriff’s Office released the surveillance footage hoping it would lead to a suspect. Investigators chased more than 20 leads with no results, said Lexi Douglas, spokeswoman for the Sheriff’s Office.

"We have exhausted all potential leads stemming from evidence at the scene, as well as from tips from the community," she said, declining to say what evidence was collected at the scene. It was initially reported that no vehicle debris was recovered and that fire crews who responded to the scene hosed down the road before forensic investigators arrived.

Douglas said medical reports indicated Drummond was already on the ground at the time of impact, a fact that was never shared with the family, they said.

Features

"We release that information with the hope that we can trigger a recollection of a driver who perhaps hit her when she was already on the ground, rather than hitting an upright person," Douglas said. "These types of cases are incredibly difficult to investigate for a variety of reasons, including vehicles being mobile and very easy to hide, making evidence fleeting."

The sheriff's office only responds to a portion of one-mile stretch of road, according to Douglas. There have been 25 crashes reported on Woodland Shores since 2022, according to figures Douglas provided. Last year alone, deputies investigated more than 250 hit-and-run crashes.

The sheriff's office asks anyone with information about the case to contact Master Deputy Colt Arrington at 843-529-5343.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.