Buy a home at a reasonable rate with a VA loan in Cottageville, SC

VA loans were established prior to the end of World War II and have since assisted numerous veterans, service members, and military families in fulfilling their dream of owning their a home. In recent times, the program has become increasingly significant, with VA loan volume skyrocketing and offering substantial financial advantages that enable countless veterans to purchase homes, thereby making homeownership a possibility for those who may not have qualified otherwise.

If you sacrificed comfort and security to help protect our great nation, Mission One Mortgage thanks you for your service. We believe that there's no greater honor than to serve those who have served our country. We're not afraid to go above and beyond for our veterans because that's exactly what they did for us.

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What is a VA Loan in Cottageville, SC?

A VA loan is a mortgage option that is backed by the government and available to Veterans, service members, and surviving spouses. It is offered by private lenders such as banks and mortgage companies and not directly by the Department of Veterans Affairs.

VA home loans come with competitive interest rates and terms and can be used to purchase a variety of properties, including:

  • Single-Family Homes
  • Condominiums
  • Multi-Unit Properties
  • Manufactured Homes
  • New Construction Homes

One of the great benefits of VA loans is that eligible Veterans can buy a home with no down payment, no mortgage insurance, lenient credit requirements, and the lowest average fixed rates in the market.

Va Mortgages Cottageville, SC

This program was created by the federal government to make it easier for those who have served our country to become homeowners, and it is widely considered the strongest benefit program available for this purpose.

What are the Biggest Benefits of Having a VA Loan in Cottageville, SC?

At Mission One Mortgage, we work with many Veterans who know that VA loans exist but don't quite understand the full range of benefits they provide. If that sounds familiar, keep reading. This section was written especially for you.

01

Benefit:

No Down Payment Needed

One of the standout benefits of the VA Loan program is that qualified borrowers can purchase a home without having to make a down payment up to the conforming loan limit of their county. This is a significant advantage over conventional and FHA loans, which typically require minimum down payments of 5 percent and 3.5 percent, respectively.

For example, on a $400,000 mortgage, a conventional loan would require a $20,000 down payment, while an FHA loan would require $14,000. Saving up that kind of cash can take service members and veterans years, but with the VA Loan, they can pursue homeownership without having to scrape and stockpile for years on end.

03

Benefit:

Less Strict Credit Requirements

It's important for military buyers to stay informed about credit score requirements when considering home financing options. Although credit score requirements have eased up a bit, it's still necessary to meet certain benchmarks set by conventional and FHA lenders. However, even meeting these benchmarks can be a challenge for many buyers.

Most VA lenders require a credit score of at least 620, which falls in FICO's "Fair" credit score range. Borrowers will typically need to meet a higher threshold for conventional mortgages, particularly if they want to secure a low-interest rate. It's worth checking out VA Loan rates to learn more about financing options.

Despite common misconceptions, military buyers don't need a perfect credit score to obtain financing. While a higher credit score can certainly help, it's important to remember that VA loans in Cottageville, SC are designed to help military members and veterans access affordable housing.

05

Benefit:

Help with Closing Costs

Closing costs are an inevitable part of the home-buying process, no matter what type of mortgage product you choose. However, if you're a veteran, you may be pleased to know that the VA places limits on the fees and costs you're required to pay at the time of closing. Additionally, homebuyers have the option to ask sellers to cover all loan-related closing costs, as well as up to 4 percent of the purchase price for other expenses like prepaid taxes, insurance, and collections.

02

Benefit:

No Need for Private Mortgage Insurance

Coming up with a down payment can be challenging for both conventional and FHA homebuyers. In addition, they are required to pay for mortgage insurance unless they can make a sizable down payment, usually 20% of the purchase price. For instance, on a $400,000 mortgage, this would be a staggering $80,000 in cash.

FHA loans carry an upfront mortgage insurance premium and annual mortgage insurance. The latter now lasts for the life of the loan. On the other hand, conventional homebuyers will pay this monthly cost until they have built up enough equity, which can take several years.

Fortunately, VA loans do not require any mortgage insurance. However, there is a mandatory funding fee that goes directly to the Department of Veterans Affairs. Borrowers with a service-connected disability are exempt from paying this fee, which helps keep the program going for future generations.

04

Benefit:

Bankruptcy and Foreclosure

If you've experienced a financial setback such as a foreclosure, short sale, or bankruptcy, you may be worried about your chances of securing a VA home loan. However, don't lose hope just yet. With VA loans, it's still possible to be eligible for a home loan just two years after a foreclosure, short sale, or bankruptcy. In some cases, veterans who file for Chapter 13 bankruptcy protection can be eligible for a VA loan just a year after the filing date.

It's worth noting that the waiting periods for conventional or FHA financing can be significantly longer than those for VA loans. Additionally, even if you've lost a VA-backed mortgage to foreclosure, you may still be eligible for another VA loan.

So, if you're a veteran who's experienced a financial setback but still dreams of owning a home, don't give up hope. Explore your options and see if a VA loan with Mission One Mortgage could be the solution you need.

06

Benefit:

DTI Ratio Flexibility

It's important to keep in mind that VA lenders typically prefer borrowers to spend no more than 41 percent of their gross monthly income on major debts, such as mortgage payments or student loans. However, it's possible to get a VA home loan even if you have a higher DTI ratio. Some lenders may offer up to 55 percent or more depending on your credit score and ability to meet additional income requirements. This can give homebuyers more flexibility and greater purchasing power when it comes to finding their dream home.

Remember - if you have any questions about the benefits you just read about - like what credit score Mission One Mortgage requires for a VA loan - contact our office today. It would be our pleasure to help you navigate the VA loan process, one step at a time.

How to Determine Your VA Loan Eligibility

One of the most common questions we get at Mission One Mortgage revolves around VA loan eligibility. Who is actually eligible for this type of loan? What are the requirements for getting a VA loan? If you meet the following requirements, chances are you'll be eligible for a VA loan.

  • If you have completed 90 days of service during wartime or 181 days of service during peacetime, you may qualify as an active-duty military member or veteran.
  • If you have served in the National Guard or Reserve for a minimum of six years, or have completed 90 days of active duty under Title 32 orders, with at least 30 of them being consecutive, you may be eligible for a VA loan in Cottageville, SC.
  • If your spouse was a service member who passed away while on active duty or due to a service-connected disability, and you haven't remarried, you may be eligible for a VA loan. In some cases, surviving spouses who remarried after the age of 57 and after Dec. 16, 2003, may also be eligible. Spouses of prisoners of war or service members missing in action may also be eligible for VA loans, as well.
  • You meet the necessary requirements for credit and income to be eligible for a VA loan. It's important to note that while the VA doesn't set a minimum credit score for VA loans, individual lenders may have their own standards. In addition to credit, your lender will also evaluate your income and debts to assess your ability to repay the mortgage.
  • The property you're interested in purchasing complies with the necessary safety standards and building codes. It's also worth mentioning that in most cases, the borrower is required to make the residence their primary home within 60 days of purchase. However, there are certain circumstances in which this timeline can be extended up to 12 months.
 HomeReady Mortgages Cottageville, SC

Follow These 5 Steps to Begin the VA Home Loan Process

Curious what the general steps are for purchasing a home with a VA loan? You're not alone. Keep reading to get a feel for what you have to do to enjoy the wonderful benefits of homeownership.

 Home Ready Mortgages Cottageville, SC

When applying for a VA home loan benefit, the Certificate of Eligibility (COE) is an important document that verifies your eligibility to your lender. If you have already used your VA loan benefit in the past, a current COE can help you determine how much remaining entitlement you have. Additionally, it can ensure that your entitlement has been restored for previous VA-backed loans that were paid in full.

After you've applied for your COE, it's a good idea to examine your finances. We're talking about items such as income, expenses, credit profile, and your monthly budget. That way, you know for sure that you're ready to purchase a home.

As a veteran, you have the choice of going through a bank, credit union, or a private VA mortgage company like Mission One Mortgage. Most lenders will have different loan interest rates and fees, so it's important to shop around. Remember - Mission One specializes in VA loans in Cottageville, SC. Other lenders, such as large corporations and banks, often can't match the expertise and attention to detail that Mission One provides to veterans.

During this phase, it's a good idea to meet with a range of real estate professionals. Try to choose an agent who has experience processing and overseeing VA loans. Once you select an agent, you can bring your lender's pre-approval letter to their office and begin shopping.

This is the best part of the VA loan process, other than getting the keys to your new home. When looking for a house, remember to look at homes within your price range and budget. Lean on your real estate agent, friends, and family for help in your search.

A Word of Advice from Mission One Mortgage

If you're thinking about buying a home, it's important to weigh the pros and cons of homeownership. While renting can provide flexibility and less responsibility for maintenance, it comes with the risk of rent increases, potential property sales, and uncertainty about security deposit refunds.

On the other hand, owning a home can offer relatively stable mortgage payments and an opportunity to build long-term wealth for you and your family. Before making a decision, it's crucial to determine your priorities, such as your monthly budget for mortgage payments and other expenses like transportation and childcare. Ultimately, only you can determine what's best for your housing and financial needs.

The Key to Homeownership Starts with a VA Loan in Cottageville, SC

At Mission One Mortgage, we take immense pride in simplifying the mortgage process and ensuring that our clients experience minimal stress. We understand that navigating the world of mortgages can be daunting, which is why we are committed to making it as smooth as possible.

By choosing to work with us, you're not just getting a mortgage broker - you're selecting a partner who is devoted to your financial well-being and dedicated to helping you achieve your dream of homeownership. By working together, we can work through the VA loan process one step at a time.

That rings true for all of our clients, but especially the U.S. Veterans we serve. In fact, we specialize in VA mortgages and are proud to offer them to US Veterans, those on Active Duty, and their spouses. VA Loans are one of the best mortgages available, offering no down payment requirements, no PMI, and some of the most favorable rates and terms.

If you're ready to take the next big step in your life and provide stability for your family with a place to call home, contact our office today. You're closer to the dream of home ownership than you might think.

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Latest News in Cottageville, SC

Deputies make arrests after body found in Cottageville woods

Deputies make arrests after body found in Cottageville woods where hunter went missingCOLLETON COUNTY, SC (WCSC) - Investigators have made a number of arrests after a body was found in the woods in Cottageville in the same area where a hunter went missing.The Colleton County Sheriff’s Office says 25-year-old Schuyler Rene Andrulat of Cottageville and 33-year-old Nathan Baughman of Summerville have been charged with obstruction of justice. According to court records, the charges against Andrulat were dismissed and expunged...

Deputies make arrests after body found in Cottageville woods where hunter went missing

COLLETON COUNTY, SC (WCSC) - Investigators have made a number of arrests after a body was found in the woods in Cottageville in the same area where a hunter went missing.

The Colleton County Sheriff’s Office says 25-year-old Schuyler Rene Andrulat of Cottageville and 33-year-old Nathan Baughman of Summerville have been charged with obstruction of justice. According to court records, the charges against Andrulat were dismissed and expunged.

A third man, Brad Skipper, has also been charged with an outstanding warrant from Colleton County.

The body was found around 8 p.m. on Thursday in a wooded area off Red Oak Road, the same area where a hunter went missing last Friday

The sheriff's office says the missing hunter was staying with friends who waited until Sunday to report him missing.

The coroner is doing an autopsy to determine the cause of death and identify the body.

The arrests stems from an incident that began on Aug. 21 when a Colleton County deputy responded to a home on Peirce Road in reference to a missing person.

The deputy spoke to Andrulat who said a friend of hers, Orin Patrick, had come to her home to go hunting Friday evening.

According to a report, Andrulat said she dropped Patrick off along the woodline on Peirce Road with a shotgun.

"Andrulat stated that several hours later, she received a call from Patrick stating that he was lost in the woods and he wanted her to drive along the road and beep the horn so that he could find his way back to the road again," the report states.

Andrulat told investigators that she did this around 9 p.m. on Friday but could not find him.

According to authorities, Andrulat said she received another call from Patrick that only last a few seconds and had since been unable to reach him through his phone again. Andrulat told deputies that she did not know any more information about Patrick.

In the incident report, the responding deputy reported that when he first met with Andrulat, she was unable to give any information about Patrick. The deputy then told Andrulat to get in contact with some of Patrick's friends or family so that he could get enough information to do a report.

Authorities also spoke with Patrick's friend, Baughman, who told investigators over the phone that he and Patrick had been staying at a home on Lakeview Drive in Summerville.

Baughman said the last time he saw Patrick was on Aug. 19, but was unsure of the time "because they had both been drinking so he did not remember much about that day."

The incident report states Baughman told investigators that this was not the first time Patrick had just "gone away, but it has never been for this long and never without making contact with him."

Detectives reported that they had Patrick's cell phone pinged to find the last location for it which was in Summerville.

Copyright 2016 WCSC. All rights reserved.

SC Highway Patrol trooper accused of biting 2-year-old, SLED says

A South Carolina highway trooper was arrested and charged with cruelty to children after he allegedly bit a 2-year-old’s cheek hard enough to leave a mark, according to the South Carolina Law Enforcement Division.SLED announced the arrest in a statement Tuesday. While the warrant provides few details, it states that Jesse Brassell, 23, admitted on Sept. 20 that he intentionally bit the child’s cheek in Cottageville, South Carolina.In...

A South Carolina highway trooper was arrested and charged with cruelty to children after he allegedly bit a 2-year-old’s cheek hard enough to leave a mark, according to the South Carolina Law Enforcement Division.

SLED announced the arrest in a statement Tuesday. While the warrant provides few details, it states that Jesse Brassell, 23, admitted on Sept. 20 that he intentionally bit the child’s cheek in Cottageville, South Carolina.

In a statement, SLED said the Colleton County Sheriff’s Office asked it to investigate the incident. The child, whose name and gender are not included in the warrant, suffered a bite mark on the right cheek, according to the warrant.

Brassell was employed by the Highway Patrol for approximately 27 months, according to a statement from the Department of Public Safety, which oversees highway patrol.

“He had been under suspension without pay since September 22, 2023, the date the allegation was brought to our attention,” according to a statement from the department. Brassell, who held the rank of trooper first class, officially resigned from the agency on Dec. 15, 2023.

During his time as a highway patrolman, Brassell was assigned to Post B of Troop 6, which covers Beaufort, Berkeley, Charleston, Colleton, Dorchester and Jasper counties. A roster for a basic training graduating class released by the Highway Patrol listed his hometown as Summerville, South Carolina.

Brassell was charged under South Carolina’s cruelty to children statute. Under the law, it is a misdemeanor for a parent, guardian or anyone who has “charge or custody” of a child to inflict “unnecessary pain or suffering” or to deprive the child of “necessary sustenance or shelter.”

Brassell was booked at the Colleton County Detention Center. Records from the jail state that he received a $200 bond by Associate Chief Magistrate Sophia T. Henderson.

The case will be prosecuted by the 14th Circuit Solicitor’s Office Public Integrity Unit, according to SLED. The unit, which is a collaboration between the 14th and 1st Circuit Solicitor’s Offices, investigates officer involved shootings, public corruption and other use of force cases across both circuits.

Large tornado spotted west of Cottageville headed toward Summerville

Damage reports from a tornado spotted west of Summerville early Monday morning still coming in, but it appears no fatalities have been reported.A tornado warding has since expired, but according to The National Weather Service in Charleston at 7 a.m. a confirmed large and extremely dangerous tornado was located just west of Cottageville, moving east at 50 mph.Emergency dispatchers reported many downed trees and some power outages west of Summerville in the Jedburg area. Fire alarms also have been reported, but no fire damage ha...

Damage reports from a tornado spotted west of Summerville early Monday morning still coming in, but it appears no fatalities have been reported.

A tornado warding has since expired, but according to The National Weather Service in Charleston at 7 a.m. a confirmed large and extremely dangerous tornado was located just west of Cottageville, moving east at 50 mph.

Emergency dispatchers reported many downed trees and some power outages west of Summerville in the Jedburg area. Fire alarms also have been reported, but no fire damage has yet been reported.

This is a developing story.

Local artist Lori Zareski’s artwork can be seen locally at ART on the Square Gallery in Nexton Square. In addition, she is also a collector of antiques, so she has a booth at Vintage Vibes at 200 N. Main St. in Summerville as well.

ART on the Square will have a general open artists reception for all its artists from 5-8 p.m. Friday, Jan. 5. If you have never seen the gallery, you must go, as there is so much talent on those walls. While I have profiled several of its artists, I still have more to consider profiling in the future, as I do for those at the Public Works Art Center.

Regan: Lori, how did you get started in art? Did you attend college for art, or are you self-taught?

Zareski: I am mostly self-taught, although I took advertising and design classes at Russell Sage College in New York. It gave me enough background to design logos and ad copy for some local businesses. After that, I began painting murals and trompe l’oeil in homes and businesses. The challenge for me after that has been to condense my artwork onto canvasses and jackets.

R: What medium do you work in most and why? What’s your favorite type of item to create?

Z: I only use acrylic mainly because it is easily manipulated to resemble watercolor or alcohol ink, and it is fast drying. I am very impatient. My favorite thing is accepting commissions that challenge me to think outside the box. I have painted on everything, including walls, furniture, clothing and even hubcaps.

R: What got you into antiques and collectibles?

Z: I bought my first antique at 13 years old. It was a caned rocking chair I still own. My parents took me throughout New York and New England in search of treasures. Because of these adventures, I began crafting what I call “Salvage Art.” It resembles a sort of “I Spy” puzzle. I mostly use a band saw to prepare the wood pieces (chair parts, rulers, croquet mallets, etc.) that make up the assemblages, and then I add a painted canvas to complete the piece. If you look closely enough, you will find some vintage trinkets attached to many of my paintings.

R: Aside from the gallery and the antique store, are you also involved with groups like the Summerville Artist Guild?

Z: I do not belong to any guild or group because we have been traveling for the past few years to care for family. Joining a group is on my to-do list for 2024.

R: Have you ever taught art workshops or classes? Is that something you would like to do?

Z: I have not taught any professional classes yet, but I do tutor numerous friends in painting backgrounds with acrylics. I am trying to work out the details for a workshop this summer at the gallery.

R: You love the 1980s New York street artist Jean-Michel Basquiat. What is it about his work that draws you in?

Z: I attended college in the early 1980s, and the avant-garde style was everywhere. Street art was just becoming mainstream, and I quickly became a fan of his work, not just for the messaging and content but for his freedom of color and mark-making. I feel that freedom when I paint denim jackets. I recently painted vintage album covers on denim for customers. It has been fun to revisit that era.

R: What is coming up for you?

Z: I am always striving to get looser in my artwork, as my background in advertising makes my work more like illustrations. I have some new pieces coming in neutral colors, which is new because I tend to use every color in the crayon box whenever possible. The flea market season has ended for this year, but I will apply again for next year’s shows. I will create a website to sell my custom jackets, but you can always find my work in Summerville and on Instagram.

Visit www.ArtontheSquare.gallery/Lori-Zareski/ or @lorizart_paintsinsc on Instagram for more information.

Mary E. Regan is a guest columnist for the Journal Scene and a freelance publicist with her propublicist.com consultancy. She is always seeking new publicity clients and writing projects. Email mary@propublicist.com with story ideas.

Greater Cottageville Chamber of Commerce ready to thrive

Cottageville residents have seen change in their community in the last few years, and now the Greater Cottageville Chamber of Commerce is ready to encourage more improvements.Frank Santorella, a resident of Cottageville, said he is proud of the small town and wants to showcase its beauty, friendly people, and excellent location.“We want to create a chamber of commerce here. We already have a 501-3C non-profit status, Maryann Blake is serving as our attorney, and we are ready to roll,” said Santorella. “We have...

Cottageville residents have seen change in their community in the last few years, and now the Greater Cottageville Chamber of Commerce is ready to encourage more improvements.

Frank Santorella, a resident of Cottageville, said he is proud of the small town and wants to showcase its beauty, friendly people, and excellent location.

“We want to create a chamber of commerce here. We already have a 501-3C non-profit status, Maryann Blake is serving as our attorney, and we are ready to roll,” said Santorella. “We have ‘Friends of the Park’ which is comprised of people who helped develop the park into what it is now.” He says there are also plans at the park to install a memorial with engraved bricks to honor veterans. This will be accomplished by applying for grants and accepting donations.

Santorella, who plans to initiate the chamber, will serve as a temporary director. He says he already has seven merchants who are interested in joining.

“We want to make Cottageville a destination. Red Brick Pizza and Beer Garden is the anchor store for starting the chamber,” said Santorella. “It’s a one-of-a-kind business in the entire region. Once the chamber officially opens, we want to pick a member of the chamber and promote that business each week, and once a month promote everyone. There will be a rotation, and this will be good for everybody.”

He went on to say that the brick-and-mortar stores are the life of Cottageville, not the transient businesses. He feels that transient businesses will not want to invest their funds in the chamber, but the stationary businesses are here to stay.

“I think the people of Cottageville will be positively affected by the chamber and will accept it with open arms. Hopefully, this will bring even more businesses our way. Our only option now is to travel to Summerville or Walterboro to purchase some items. That’s between 15 to 20 miles away. Cottageville has a lot of people in the rural areas, and though our local gas stations try hard to serve the needs of the community, it would be nice to have boutique shops here. We already have a new vape store that has a coffee bar. So we are starting off well,” said Santorella.

He is hoping to have the new chamber up and running by the end of the first quarter of 2022.

“There will be a fee for stores to become part of the chamber,” said Santorella, who gathered ideas and patterned the Cottageville chamber after the City of Walteboro’s. “I received ideas on how to structure the fees. They won’t be impressive because social media provides a lot of free advertising. We will have a website and newsletter for the community. We will be out there,” he added.

Anyone interested in joining the new chamber can write to: Greater Cottageville Chamber of Commerce, P.O. Box 464, Cottageville, SC, 29435. Businesses can also contact Santorella on Facebook at Friends of the Park or call The Vape Stop at 843-701-4262.

Ex-Cottageville mayor explains decision to resign

COTTAGEVILLE, SC (WCSC) – A day after resigning as the mayor of Cottageville, George White explained his decision Thursday."When I got in there I knew I had a fight on my hands," White said.And after almost four years in office, White has called it quits."It's time for someone else to come up with some solutions," White said. "I presented everything I could."White said when he first took office, traffic tickets were missing, seized money and drugs were gone and the town was hund...

COTTAGEVILLE, SC (WCSC) – A day after resigning as the mayor of Cottageville, George White explained his decision Thursday.

"When I got in there I knew I had a fight on my hands," White said.

And after almost four years in office, White has called it quits.

"It's time for someone else to come up with some solutions," White said. "I presented everything I could."

White said when he first took office, traffic tickets were missing, seized money and drugs were gone and the town was hundreds of thousands of dollars in debt.

He worked out a payment plan with the state treasurer's office and tried to find new ways to make money.

"I've tried to get a development agreement through,l a zoning ordinance through, and I've just been met with resistance," White said.

White cut his salary from $400 dollars a month to $20 dollars a month and cut council members to $10 dollars a month. Meanwhile, White said his family had to deal with dirty political smears.

"Personal attacks, articles in the newspaper just berating me," White explained. "They came out with a supposed affair between a former clerk and myself and mismanagement of funds for trips."

This January, when the new council was seated, White said bad turned worse.

"I've been dealing with this council for nine months and we've done nothing but fire our town clerk in nine months," White said.

He said the council's response to his ideas was usually "no comment," and the last straw was when a proposal for a new grocery store and two green industries was denied.

"They just do not want to accept new growth in Cottageville," White said.

Without growth and revenue the town could die and White said that is the council's plan.

"In fact, the mayor that's seated now signed a petition to do away with Cottageville," White said. "If you're on the inside it's a whole lot easier to get your agenda met."

While White was mayor he says his business suffered and so did his family. So now he is done.

"I pretty much threw up my hands," White said. "I knew we were not going forward."

Copyright 2010 WCSC. All rights reserved.

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