Mortgage Broker in Sullivan's Island, SC
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 Sullivan's Island, 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.
DifferenceThe Mission One Mortgage Difference
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 Sullivan's Island natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Sullivan's Island, 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.
- Mortgage Broker Sullivan's Island, SC
- The Mission One Mortgage Difference
- Why Should I Work with a Mortgage Broker in Sullivan's Island, SC
- Exploring the Benefits of Working with a Mortgage Broker
- Common Home Loan Options in South Carolina
- Home Mortgage FAQs
- Mission One Mortgage: Turning Dreams into Reality, One Mortgage at a Time
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- 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- 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- 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- 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.
Why Should I Work with a Mortgage Broker in Sullivan's Island, SC?
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.
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 Sullivan's 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
BenefitsExploring the Benefits of Workingwith a Mortgage Broker
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.
Home LoanCommon Home Loan Options in South Carolina
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 Sullivan's Island, SC, will be happy to help explain the differences between home loans. But understanding the basics ahead of time will save you stress and time in the long run.
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Conventional 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.
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.
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.
FAQsHome Mortgage FAQs
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 Sullivan's 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
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 Sullivan's 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 !
(843) 822-5685
Latest News in Sullivan's Island, SC
This Exclusive Island With Beaches Like Florida Is South Carolina's Version Of Beverly Hills
Jason Dookeranhttps://www.thetravel.com/beverly-hills-of-south-carolina-island-with-beaches-like-florida/
South Carolina has no shortage of beautiful towns worth visiting, but this one is one of the state's best-kept secrets. Dolphins breach the crystal-clear waters as golf carts whisk past centuries-old live oaks. Picture a place where flip-flops meet fine dining, historic bunkers have been transformed into chic libraries, and every sunset feels like a private show.This slice of paradise isn't just another beach town – it...
South Carolina has no shortage of beautiful towns worth visiting, but this one is one of the state's best-kept secrets. Dolphins breach the crystal-clear waters as golf carts whisk past centuries-old live oaks. Picture a place where flip-flops meet fine dining, historic bunkers have been transformed into chic libraries, and every sunset feels like a private show.
This slice of paradise isn't just another beach town – it's where Southern charm and coastal luxury combine, creating an enclave that would make even California's elite raise their eyebrows in appreciation. These are just some of the awesome things a traveler can experience in South Carolina, and this exclusive island town offers all of them and more.
In South Carolina's version of Beverly Hills, there are no hotel towers blocking ocean views, no rowdy tourist crowds – just a few lucky residents who've discovered what might be the East Coast's best-kept secret. Welcome to Sullivan's Island, South Carolina's version of Beverly Hills, where multimillion-dollar homes peek through maritime forests and the Atlantic whispers tales of pirates and poets.
The "Mini Hawaii" Of South Carolina Is America's Most Underrated Small Town By The Sea
Thanks to the ambiance of Edisto Beach, South Carolina, you can experience a Hawaiian vibe without ever leaving the continental US.
Sullivan's Island, South Carolina, Is The Ultimate Coastal Sanctuary
Sullivan's Island won't be on the list of the most affordable islands to retire to in the US, but it has a depth of pedigree behind its opulence. Step onto Station 18 1/2, where waves lap against pristine shores and resident artists capture the morning light.
The same beaches that once inspired Edgar Allan Poe now showcase nature's daily performance – from pelicans diving for breakfast to kitesurfers dancing with the wind. Modern mansions hide behind century-old palms while longtime residents cruise to local haunts in golf carts, embodying the island's perfect blend of luxury and laid-back coastal living.
Sullivan's Island's beaches aren't just comparable to Florida's—some would contend they are better. While Florida may have more sunshine, Sullivan's Island is more secluded, allowing visitors to truly experience the coastline uniquely.
It's not a place where thousands of people show up on the beach, but it's ideal for those who want to enjoy the coastline in a more private setting or a quieter environment.
When travelers think of Beverly Hills, they think of fancy buildings and breathtaking views. Sullivan's Island has both, and it's one of the most exclusive zip codes in South Carolina. Not only is it exclusive, but also quite expensive.
Sullivan's Island remains one of the most expensive places in South Carolina, showing how similar it is to California's most opulent neighborhood.
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Visit Fort Moultrie, The Historic Fort That Saved America
This particular historical site is one of the many good reasons to visit South Carolina. Fort Moultrie is a testament to American resilience, where palmetto logs once absorbed British cannonballs like sponges.
Today, visitors walk the same grounds where Colonel William Moultrie's troops secured a pivotal victory in 1776, helping birth a nation. The fort, transformed over three centuries of coastal defense, offers an extraordinary glimpse into military history, with each chamber and cannon telling tales of courage under fire.
Sullivan's Island Is A Foodie's Paradise Without Pretense
Sullivan's Island is another one of the least crowded spots in South Carolina worth visiting, and its culinary lineage is a good reason. Along Middle Street, South Carolina's version of Beverly Hills reveals its tastiest secrets.
Local chefs transform fresh-caught seafood into culinary masterpieces, while historic buildings house restaurants where reservations are as precious as beachfront property. The island's dining scene perfectly balances upscale offerings and casual coastal fare, where flip-flops are always welcome.
While there's a case for visiting Sullivan's Island at any time of the year, the best time for most travelers is in spring or summer. In spring, Sullivan's Island showcases its breathtaking flora and fauna, and its temperatures are ideal for exploring all over the island.
Summer offers the perfect setup for beach activities; the sun is ideal for a picnic on the beach or one of the island's meadows. Winter and fall are the low-season for the island, so visitors are not likely to see a lot of others in the area. They still offer some spectacular sights for dedicated travelers.
Edgar Allan Poe's Literary Legacy Meets Modern Luxury On Sullivan's Island
Edgar Allan Poe's spirit lives on in a former military bunker turned library. Streets named Raven and Gold Bug commemorate the famous author's time stationed at Fort Moultrie, while modern authors continue finding inspiration along these shores.
South Carolina's version of Beverly Hills proves that cultural richness and coastal luxury aren't mutually exclusive.
Sullivan's Island Is A Paradise That Defies Definition
Some might call Sullivan's Island South Carolina's version of Beverly Hills, but that comparison barely scratches the surface. There's more to this gorgeous spot than the pristine coastline, the fancy houses, or the historical significance.
It's one of the places in South Carolina that feels like home, no matter how long you visit. It's a place where luxury doesn't mean pretense, history lives in every grain of sand, and the simple pleasure of a sunrise still outshines any material wealth.
Move Over Charleston! This Idyllic South Carolina Island Has Cozy Beachside Cottages
Sam Searshttps://www.traveloffpath.com/move-over-charleston-this-idyllic-south-carolina-island-has-cozy-beachside-cottages/
Share The ArticleLast Updated 2 days agoSometimes, small towns leave a lasting mark bigger and better than the world's most sought-after destinations.Greeted with “how ya doin‘?” instead of “keep it movin” where you feel like just another face in the crowd, the South is teeming with hidden gems and quaint getaways that will have you coming back again and again.For example, when I visit Texas on occasion, I often find myself seeking out the small towns of Grapevine, G...
Share The Article
Last Updated 2 days ago
Sometimes, small towns leave a lasting mark bigger and better than the world's most sought-after destinations.
Greeted with “how ya doin‘?” instead of “keep it movin” where you feel like just another face in the crowd, the South is teeming with hidden gems and quaint getaways that will have you coming back again and again.
For example, when I visit Texas on occasion, I often find myself seeking out the small towns of Grapevine, Gruene, and Socorro, depending on where I am in the state, but certainly not Dallas or Austin.
Same goes for any state, but in this case, you may want to skip out on the tourist crowds of ever-so-trendy Charleston in favor of an idyllic, pint-sized island just 20 minutes away.
Practically a stone's throw from one of the South's most popular cities to indulge in rich history, epic eats, and timeless charm is Sullivan's Island, offering many of the same delights without hordes of visitors and overpriced menus.
This 3.5-mile-long barrier island is nestled along the Atlantic between numerous neighboring islands and, yes, Charleston.
Typically, you might hear of most vacationers making their way to Myrtle Beach, South Carolina's renowned coastal vacation spot lined with beachside resorts and a buzzing boardwalk, but Sullivan's Island has gotta be the state's best-kept secret.
Those seeking a tranquil beach getaway should look no further than Sullivan's Island, boasting a very walkable rustic downtown easy to peruse local shops, galleries, and bar-hop if you please.
While you may not see restaurants run by acclaimed chefs featured by the Food Network, among others, as you will in Charleston, you will discover homey southern comfort foods intermixed with “catch of the days” straight from the source.
Better yet, you won't have to spend a fraction of your paycheck on a cup of coffee since there's no Starbucks, a small example portraying the island's far less touristy vibes without the eyesores of chain restaurants ruining the townscape's character.
Originally named O'Sullivan Island after early settler Captain Florence O'Sullivan, the “O” has since been dropped, but many historic sites remain.
Having played a significant factor through multiple wars, including ground zero for the Battle of Sullivan's Island in 1776, tourists can visit preserved structures like Fort Moultrie, holding intriguing exhibits and sweeping views of the surrounding scenery.
Fort Moultrie also overlooks Fort Sumter, another significant site, but you'll need to detour back to Charleston to be able to reach the ladder via ferry.
While it may be tempting to grab a bite to eat in one of the country's most popular foodie cities, Sullivan's Island's food scene is nothing to sleep on, with exceptional seafood and mouthwatering barbecue that will have you asking for extra napkins.
Southern Living hyped up a few different spots, depending on your palate. If you're up to slurping down oysters, check out The Longboard's ‘Happy Hour'.
If you're the type to nibble every last bit of ribs, then Home Team BBQ is just for you. But, if it were me, I'd be feasting on a burger at Poe's Tavern, an establishment dedicated to famed poet Edgar Allan Poe, who was stationed on Sullivan's Island as a private in the Army in the 1800s.
Who woulda thunk it?
As delightful as Sullivan's Island's main strip and as fascinating and photo-worthy as the numerous historic sites may be, at its core, this island is a year-round beach destination.
Sullivan's Island Beach holds an impressive 4.7 Google Rating, largely in part due to so much open space, unlike, say, Myrtle Beach.
Station 18 Beach is also a tranquil spot, boasting white sand and calm waves, just like Sullivan's Island Beach.
One of the most underrated aspects, once you leave Charleston proper, is the ability to island-hop the region.
Next to Sullivan's Island, just past a small canal inlet, is Isle Palms Beach, well worth a day trip to see what it's all about with equally scenic beaches.
But where should you stay? You won't find name-brand hotels here. Sullivan's Island is all about cozy rentals.
Lining the shores from Sullivan's Island through next-door Isle of Palms are rows of beachside cottages.
You can book in a variety of ways, such as Airbnb, Booking.com, or by searching local agencies.
There's still plenty of occupancy to cap off winter with a relaxing getaway. I scoured the interwebs for the perfect seaside cottage, and this one is my favorite.
Costing only $410 for a weeklong stay, it's located directly next to the aforementioned Fort Moultrie and with immediate beach access and walkable to Sullivan's Island's Nature Trail.
Plus, who would say no to free wine at check-in?!
Sam, our Lead Writer & Journalist based in San Diego has visited 30 countries and written over 400 articles with a focus on sharing his own travel experiences and shining a light on lesser-known gems.
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Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
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