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.
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.
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 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.
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 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 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 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:
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 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.
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SULLIVAN’S ISLAND, S.C. (WCSC) - The town of Sullivan’s Island is working to reduce the effects of flooding with projects in the works and a study that forecasts sea level rise and offers solutions to combat it.A working stormwater system on Sullivans Island is no longer just a pipe dream, Mayor Patrick O’Neill said.“This is the exciting beginning to a project that’s been years in the making,” he said.The existing storm drain system is failing, leading to flooding.“We&rsqu...
SULLIVAN’S ISLAND, S.C. (WCSC) - The town of Sullivan’s Island is working to reduce the effects of flooding with projects in the works and a study that forecasts sea level rise and offers solutions to combat it.
A working stormwater system on Sullivans Island is no longer just a pipe dream, Mayor Patrick O’Neill said.
“This is the exciting beginning to a project that’s been years in the making,” he said.
The existing storm drain system is failing, leading to flooding.
“We’re going be removing and replacing some of the existing storm drains and putting in new,” Golf Stream Construction Senior Project Manager Cam Cooper said.
Crews are working on adding massive pipes starting with Station 28.5 and Station 31. O’Neill said the pipes will make it easier for rainwater to get collected and flow out to the marsh. That is one of several flood related projects the town is prioritizing.
Town council will look at a sea level adaptation and resilience plan, which highlights nature-based solutions, on Tuesday.
“What we’re really trying to do with these practices as is mimic predevelopment hydrology, so water moves across the land like before we built upon it,” Weston & Sampson Team Leader Kim Morganello said.
The plan will recommend ten adaptation strategies including redesigning Middle Street, a main road on the island. Researchers looked at where street level rain gardens can be added and where permeable parking would be possible.
The study also looked at open space around the island, researchers identified 33 specific locations that could have nature-based solutions. One of the projects is already moving into implementation, a rain garden will be going in at the Sullivans Island Elementary School.
Morganello said the plan serves as a guidebook through 2050 for the town to reference among anticipated increases in high tides and storms. A model allowed researchers to simulate what the future on the island could look like.
“We increased the title storm search value to almost two feet to show what it would look like in 2050. We also added an increase in rainfall depth to simulate some stronger, more frequent and more intense storms,” Weston & Sampson Senior Project Scientist Lucas Hernandez said.
Hernandez said the models and research provides the town with information that will allow officials to begin to address some items on the community rating system through FEMA.
“That system actually feeds into the insurance premiums for a community standpoint,” Hernandez said.
O’Neill added being proactive on anticipated flood concerns is the best strategy for the town.
“We’re definitely planning for tomorrow’s needs and not today because we do expect sea level rise will continue, we expect there to be more extreme rain events, so we’re trying to plan ahead for that,” O’Neill said.
At Tuesday’s council meeting, members could accept the sea level adaptation and resilience plan document, but they will not be voting on anything in it. O’Neill said as the town considers those solutions there will be opportunity for community involvement along the way.
Click here to review the draft plan.
Click here for the latest on Sullivan’s Island Town Council meetings.
SULLIVAN’S ISLAND — Running low on gunpowder, Col. William Moultrie’s men timed their cannon fire carefully on June 28, 1776.From behind the walls of a makeshift fortress made of palmetto logs and damp sand, the soldiers of the Continental Army’s 2nd South Carolina Regiment fought back the well-armed ships of the British Royal Navy.And against all odds, they won.America’s first decisive victory against British forces is a well-known story among South Carolina natives and locals. Now the Batt...
SULLIVAN’S ISLAND — Running low on gunpowder, Col. William Moultrie’s men timed their cannon fire carefully on June 28, 1776.
From behind the walls of a makeshift fortress made of palmetto logs and damp sand, the soldiers of the Continental Army’s 2nd South Carolina Regiment fought back the well-armed ships of the British Royal Navy.
And against all odds, they won.
America’s first decisive victory against British forces is a well-known story among South Carolina natives and locals. Now the Battle of Sullivan’s Island is commemorated in a new documentary produced in time for the 250th anniversary of the American Revolution.
“The Battle of Sullivan’s Island,” produced by Wide Awake Films and commissioned by South Carolina 250, premiered Nov. 6 to a packed house at the Charleston Library Society.
“Our team is dedicated to creating media that breathes new life into stories from the past and hopefully spurs new generations to get hooked on history. That's our mission,” said Shane Seley, founder of Wide Awake Films.
The 13-minute short film is available for free on the S.C. American Revolution 250 Commission YouTube channel. The documentary depicts the battle that proved to British forces that they wouldn’t easily lay siege to Charleston. The triumph is celebrated each year Carolina Day on June 28.
It took over a year to produce as the filmmakers poured over maps and books, researched period-specific military uniforms and consulted with historians. Rob Shenk, an SC 250 board member and chief content officer for Wide Awake Films, said the goal was to create an accurate retelling of the Battle of Sullivan’s Island and the critical moments that led Moultrie and his regiment to victory — and bring the story of this early American victory into the mainstream.
“This film was built to kind of build awareness, to be a vanguard, to help people to understand this important moment in our history,” Shenk said.
In the weeks leading up to the battle, Moultrie’s men constructed a fort with palmetto logs and sand. Though some had wavering faith in the makeshift fortress (Maj. Gen. Charles Lee dubbed it a “slaughtering pen”), the logs proved incredibly useful at absorbing blows from British cannonballs.
But that wasn’t the only reason for the American’s success.
The British Royal Navy hired local Black harbor pilots to guide their warships through the Charleston Harbor. With Moultrie’s regiment vastly outnumbered, the ships approached Sullivan’s Island in a major show of force against the American soldiers.
A trio of ships, the Sphinx, Syren and Actaeon, were dispatched by British Maj. Gen. Henry Clinton. They were to sail behind the fort. In their attempt to flank Moultrie’s troops, the three ships ran onto a hidden shoal. With these ships stuck on a sandbar, the soldiers on Sullivan’s Island only had the handful of warships on the British mainlines to focus on.
“Those three ships were trying to flank and provide enfilading fire down the side of the fort,” said historian Doug MacIntyre. “If they had succeeded in that, we would have lost, basically, because his men would not have been able to withstand that and fight.”
Still, the 2nd Regiment was extremely low on gunpowder and fired at the enemy ships only once every 10 minutes. Though the American blows were accurate, severely wounding British soldiers manning the ships and significantly damaging their artillery, a lone blow from a Royal cannon knocked down the fort’s flag.
The liberty flag, indigo-hued and bearing a white crescent, toppled from the fort. Sgt. William Jasper refused to continue the fight without the flag and successfully evaded enemy fire to retrieve it. He secured it once more over the fort — signaling to the British forces that the battle was not yet over.
As the sun set on June 28, a delivery of over 500 pounds of gunpowder arrived. The delivery from South Carolina president John C. Rutledge arrived at a critical time and gave Moultrie’s men the necessary power to deliver the final blows to the British. Clinton’s ships surrendered shortly after.
“The absolute victory for the Americans was a disgraceful disaster for the British. Following their defeat at Sullivan’s Island, the British military had no base for southern operations,” MacIntyre said. “They realized claiming Charleston and the South would not be easy.”
Despite British weaponry outnumbered the Americans’ 8 to 1, the British saw far more casualties than the Patriots. The 2nd Regiment reported 37 dead and wounded soldiers after the battle, compared to the 200-plus dead and injured soldiers recorded by the British. One Royal Navy soldier wrote that they “have never had such a drubbing” in their lives, describing the unexpected defeat.
SULLIVAN’S ISLAND — Two homeowners have taken their fight to cut down parts of the island's maritime forest back to court.The latest appeal heard Oct. 8 brings the legal battle into its 15th year.In 2023, a judge tossed out a settlement that residents Nathan Bluestein and Theodore Albensius had reached with the town agreeing to remove an unprecedented number of trees from the forest behind their homes in a detailed maintenance plan.The trees stand between their property, as well as their neighbors’ land...
SULLIVAN’S ISLAND — Two homeowners have taken their fight to cut down parts of the island's maritime forest back to court.
The latest appeal heard Oct. 8 brings the legal battle into its 15th year.
In 2023, a judge tossed out a settlement that residents Nathan Bluestein and Theodore Albensius had reached with the town agreeing to remove an unprecedented number of trees from the forest behind their homes in a detailed maintenance plan.
The trees stand between their property, as well as their neighbors’ land, and the ocean.
The S.C. Court of Appeals heard arguments Oct. 8 in Columbia from the plaintiff’s attorney, James Hood, and Greenville-based lawyer William Wilkins, who represents the town.
“We're hopeful that the Court of Appeals will order the town of Sullivan's Island to do what it agreed to do,” Hood told The Post and Courier.
The lush forest that spans more than 200 acres of accreted sand on Sullivan’s Island is relatively young. The forest took hold in the 1950s and has been left to its own devices ever since. This untamed growth became a sticking point for residents living behind it.
The property owners, Bluestein and Albensius, sued the town in 2010 for failing to manage the forest. They argued the overgrowth brought mosquitos, raccoons, snakes and coyotes and created fire hazards. In their initial complaint, the homeowners claimed the thick forest’s growth had deprived them of ocean views and breezes and lowered their property values.
In 2020, the homeowners settled with the town. Under the terms of the agreement, Sullivan’s Island would selectively thin zones of the forest and remove more trees than had previously been allowed before. Any future town council would be bound to this agreement, too.
Shortly after the agreement was executed, Sullivan’s Island elected an entirely new town council, save for Mayor Pat O’Neil, who voted against settling the litigation in the first place. The compromise also drew criticism from some residents, including a local environmental advocacy group called Sullivan’s Island for All, who decried the impending tree removals.
The newly elected council sought to overturn the agreement and in 2023 were successful.
Charleston County Circuit Judge Jennifer McCoy ruled the settlement unenforceable because a previous town council had agreed to its terms. The agreement restricted council from adopting future regulations preserving or maintaining the land as public interests change, McCoy wrote.
Wilkins argued this point again Oct. 8.
“A prior council may not tell a future council what it must do or what it may not do regarding the exercise of its governmental powers,” Wilkins said.
Hood disagreed with that assessment. His clients are asking to reverse the 2023 judgment that voided their agreement with the town.
“What they did in this case was they settled a lawsuit, then they turned around and sued the people they settled with and forced them to go back to court to defend a settlement agreement that the town had agreed upon,” Hood said. “My clients’ hope is that the town of Sullivan's Island would recognize its obligation to do the work of its constituents, and that would include living up to the promises it makes.”
FOX Weather Meteorologist Steve Bender breaks down everything you need to know for the nor'easter anticipated to slam the eastern U.S. this weekend, with heavy rain, high winds, and coastal flooding expected.SULLIVAN'S ISLAND, S.C. – The Carolinas are bracing for coastal impacts from a powerful nor'easter expected to blast the East Coast beginning Friday.Gusty winds, heavy rain and coastal impacts such as flooding and beach erosion are possible. (Bayne Froney / FOX Weather)F...
FOX Weather Meteorologist Steve Bender breaks down everything you need to know for the nor'easter anticipated to slam the eastern U.S. this weekend, with heavy rain, high winds, and coastal flooding expected.
SULLIVAN'S ISLAND, S.C. – The Carolinas are bracing for coastal impacts from a powerful nor'easter expected to blast the East Coast beginning Friday.
Gusty winds, heavy rain and coastal impacts such as flooding and beach erosion are possible.
(Bayne Froney / FOX Weather)
For areas in both North and South Carolina already battered by recent rough surf from hurricanes Humberto and Imelda, the threat of more flooding and beach erosion presents a danger to homes already impacted by erosion.
Nine homes collapsed in just a few days along the beach in Buxton and Rodanthe, North Carolina, from late September into early October. In total, 21 homes have collapsed along the Cape Hatteras National Seashore since 2020.
Several other homes at risk of collapse sit abandoned along those beaches.
The impacts from this nor'easter will stretch from the Carolinas into New England through Tuesday.
A Level 2 out of 4 flash flood risk has been issued for coastal North Carolina on Saturday.
FOX Weather Meteorologist Bayne Froney reported from Sullivan's Island, South Carolina, on Thursday, where King Tides were still impacting conditions, bringing rough surf and causing beach erosion.
A cold front brought a drastic temperature shift to the East Coast on Thursday morning.
"We've been dealing with these conditions all day, thanks to that cold front," Froney said. "The surf has been intense all day long."
Overall, rainfall closer to the coast looks to amount to a widespread 2-3 inches through Monday, according to the FOX Forecast Center. Localized rainfall amounts closer to 5 inches are possible as well.
SULLIVAN’S ISLAND, S.C (WCBD) – Some homeowners on Sullivan’s Island are challenging a South Carolina Circuit Court ruling protecting the maritime forest.The forest is once again at the center of a decades-long legal battle, as the residents being represented in case are appealing the 2023 decision in the South Carolina Court of Appeals. The judge ruled in favor of a settlement agreement protecting the 190 acres. Sullivan’s Island for All, a local grassroots organization, advocates that it serves a natural barr...
SULLIVAN’S ISLAND, S.C (WCBD) – Some homeowners on Sullivan’s Island are challenging a South Carolina Circuit Court ruling protecting the maritime forest.
The forest is once again at the center of a decades-long legal battle, as the residents being represented in case are appealing the 2023 decision in the South Carolina Court of Appeals. The judge ruled in favor of a settlement agreement protecting the 190 acres. Sullivan’s Island for All, a local grassroots organization, advocates that it serves a natural barrier.
“The most important thing is that it is a barrier to protect the island, both the people and the property from big storms,” Howard Holl, president of Sullivan’s Island for All, said. “If you notice what’s been happening recently in Charleston, they’re going to spend a billion dollars for a seawall, and we have this natural seawall here that protects the island.”
In 1991, the town put the area in a deed-restricted land trust belonging to residents. However, those homeowners said they are upset as the forest was not there when they bought their homes. Now it has grown, obstructing what would be oceanfront views.
“They also have the negative consequences of the unmaintained maritime forest that has resulted in a lot of species there that never used to exist, and it sort of changed the nature of front beach living for those folks,” James Hood, attorney for Sullivan’s Island homeowners, said.
The attorney added the maritime forest has created issues with wildlife for his clients.
“It also has an impact on the pests, the rodents, the vermin, the coyotes now that are in front of their yards and have deal with that with their own pets and children, and things of that nature,” Hood said. “So, what’s happened is that the town has created a nuisance that these folks have to live next to while other people don’t.”
However, Holl said the forest serves as a habitat for island wildlife, keeping them out of people’s yards, which is critical to island’s ecosystem.
“We are just dedicated to preserving the forest and cutting down the forest just for views is not something that we see as a possibility,” said Holl.
The attorney said the homeowners believe the forest needs maintenance and ask the court to honor the original contract.
“It entered into a contract to resolve a lawsuit that involved specific, limited maintenance of the maritime forest and accreted land. That’s all we want, is what the town promised to do in the settlement agreement and to go forward and get that permitting and let the work continue,” Hood said.
The South Carolina Court of Appeals may issue a ruling in 2026.