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.
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:
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.
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
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
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 Ladson, SC are designed to help military members and veterans access affordable housing.
05
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
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
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
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.
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.
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.
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 Ladson, 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.
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.
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.
LADSON — The Coastal Carolina Fair is back through Nov. 9 with rip-roaring rides, snazzy sideshows and tantalizing treats.We traveled to the Exchange Park Fairgrounds in Ladson to try some of this year's new and classic offerings. Here are eight foods you should be taste-testing this year.Campfire BurgerDeAnna's Diner, $17Always stuck choosing between a hot dog or a hamburger? At the fair you can have both in one bite, as well as some baked beans, when you order the new Campfire Burger from DeAnna...
LADSON — The Coastal Carolina Fair is back through Nov. 9 with rip-roaring rides, snazzy sideshows and tantalizing treats.
We traveled to the Exchange Park Fairgrounds in Ladson to try some of this year's new and classic offerings. Here are eight foods you should be taste-testing this year.
DeAnna's Diner, $17
Always stuck choosing between a hot dog or a hamburger? At the fair you can have both in one bite, as well as some baked beans, when you order the new Campfire Burger from DeAnna's Diner.
It's triple the meat flavor, and a favorite so far this year, said Kristin Hagy, who's been traveling around with the family business her whole life from fair to fair. Her mom and dad started it all, and the kids now each have their own trailer.
"We're always trying to innovate," said Hagy, citing the also-popular Donut Burger that's a fun mix of savory and sweet. The Mac and Cheese Burger is her personal favorite, with a chili add-on.
Hagy said she's also gotten to enjoy some Lowcountry cuisine while she's been in town so far, including a meat plate at Lewis Barbecue.
Girl'd Cheese, $13
Also new this year is the Girl'd Cheese truck, where you can find a variety of fun and classic grilled cheese options. The most popular item tops the list: the Philly Cheesesteak Grilled Cheese. And it's just that, a perfect cross between the two with thick slices of crispy toast, peppers, onions, cheese and thinly sliced steak.
Cox Barbecue, $21
Though it's on the pricier side, this fair classic is certainly worth it. Smoked for over an hour on the charcoal grill right in front of you, these turkey legs are known for being some of the best at the Coastal Carolina Fair. And there's enough meat on one of them to feed the whole family.
Fluffy's, $10
If you're feeling a bit adventurous, this one's for you. The perfect blend of spicy and sweet, this donut is a crazy but delicious one. It's made with homemade whipped jalapeno cream cheese, crumbled bacon, grilled pickled jalapenos and hot honey drizzled on top. Get a little bit of each in your bite for the perfect balance, with that sweet, fluffy donut underneath.
If you want a sweet option, as well, you can also choose from the Fruity Pebbles, Maple Bacon, and Peanut Butter and Jelly, among plenty of others.
Moose Joose Slush/Slush Works Bar, $16
You can't hit the fair circuit without staying hydrated, and this stand is the way to do it. Mega-slushes await, and the newest one this year is the Cheerwine Dream Float, a cherry-flavored delight topped with whipped cream and a red velvet cake pop.
It was so popular at Columbia's South Carolina State Fair that they brought it down here, according to 24-year-old vendor Gracey Meyster, who's been traveling full-time from fair to fair since 2017. She said she loves it, though this fair is the last stop of her rotation until February; she gets to hibernate through the winter.
Dr. Vegetable, $14
I mean it's Dr. Vegetable, so it must be healthy right? Maybe not, but this stand certainly has some interesting takes on veggie snacks. New this year are the Nashville Hot Fried Pickle spears, served with a side of ranch if you need to cool it down and an extra tub of hot sauce if you need to spice it up.
Though the spice is a slow burn, hitting you later than you expect, it was certainly enough for me. I even opted for a few ranch dips to offset the bright neon orange layer sprinkled atop the fried spears. I would definitely get these again.
Chester's Gators and Taters, $15
Another bite I would order again in a heartbeat is the Loaded Popcorn Chicken Sundae, a cup stacked with creamy mac and cheese, crispy popcorn chicken, with bacon cheddar and ranch. It's like a wild, creamy and dreamy version of nachos. At this stand, you can also try fried gator bites if you're brave enough.
Deep Fried Sweets, $10
The fair is all about fried foods. So you simply must opt for a deep-fried dessert, whether you choose a candy bar like a Snickers or Milky Way or go with the cookie dough or Oreos.
The cookie dough is my favorite, with a crunchy outer shell and gooey middle. You get three bites, all sprinkled with powdered sugar. If you're splitting this one, you'll have to fight over who gets that last one.
LADSON, S.C. (WCSC) - The Coastal Carolina Fair has returned to the Ladson Exchange Park for its 68th year filled with food, entertainment and community.The fair has been operating since 1957 and has been held at the Ladson fairgrounds since 1979. Fair leaders say they are approaching 300,000 people in annual attendance.Jeremy Tate, the chairman of buildings and grounds for the fair, says the planning started for this year while last year’s fair was still going on.With it being a nonprofit fair, Tate says the impac...
LADSON, S.C. (WCSC) - The Coastal Carolina Fair has returned to the Ladson Exchange Park for its 68th year filled with food, entertainment and community.
The fair has been operating since 1957 and has been held at the Ladson fairgrounds since 1979. Fair leaders say they are approaching 300,000 people in annual attendance.
Jeremy Tate, the chairman of buildings and grounds for the fair, says the planning started for this year while last year’s fair was still going on.
With it being a nonprofit fair, Tate says the impact starts with the people who buy the tickets.
“The money that’s raised here, it does go back to the local charities,” Tate says. “This past year, we gave away over $900,000 to 73 local charities and it took 230 of our members, 15,000 hours at the fair to volunteer to raise that money. But it really starts out with a good turnout from our community.”
As part of the entertainment, 63 rides will spread across 180 acres, including a new Mega Drop Tower that will drop riders from 120 ft. high. Another new ride called “Lightning” features a spinning windmill design that lets thrill-seekers fly through the air at about 80 mph.
David Grimm, director of business development and marketing for Reithoffer Shows, Inc., says about 30 of the rides will be for the kids.
“I always recommend that they get what we call a wristband, or an armband, they put that on for one price, you can ride all the rides,” Grimm says.
Although Grimm says the wristband is the best bang for a buck, the “Lightning” ride will require a separate ticket.
For when it’s time to take a break from riding, attendees can snack on all kinds of dishes, like Nashville hot pickles, while washing it down with blueberry lemonade. One of the featured desserts is called the “Pig’s Trough”; it’s from Ye Ole Fashioned and features a six-scoop banana split with six toppings, nuts, whipped cream and a cherry.
The fair’s organizer, Jay Wallace, says around 80 vendors have brought their treats this year.
“Highly professional people,” Wallace says. “They really know what they’re doing. They keep their booths really clean. They know how to come up with new stuff. And those long-term relationships allows us to put on a really great fair to bring this to Charleston with these national flavors.”
Wallace says he thanks the thousands of volunteers who help make the event possible every year, as the fair returned $947,000 to the Tri-County area covering Charleston, Berkeley and Dorchester Counties last year.
The gates open at 3 p.m. Thursday and close at 9 p.m. Attendees can expect longer hours on the weekends.
Click here to visit the fair’s website for ticket information, a list of special events and details about their policies.
The fair runs every day through Nov. 9.
LADSON, S.C. (WCSC) - The Coastal Carolina Fair will open in two days with 65 rides across 180 acres, including two new attractions that are faster and taller than previous offerings.The fair features a 120-foot drop ride and a ride that spins at 80 miles per hour, said Jay Wallace with the Coastal Carolina Fair.“A 120-foot drop. Now, you’ve seen these things, right? The big giant pole. You kind of inch your way up and then boom. The kids love it. The screams are a lot,” Wallace said. “We’ve got th...
LADSON, S.C. (WCSC) - The Coastal Carolina Fair will open in two days with 65 rides across 180 acres, including two new attractions that are faster and taller than previous offerings.
The fair features a 120-foot drop ride and a ride that spins at 80 miles per hour, said Jay Wallace with the Coastal Carolina Fair.
“A 120-foot drop. Now, you’ve seen these things, right? The big giant pole. You kind of inch your way up and then boom. The kids love it. The screams are a lot,” Wallace said. “We’ve got that and a ride that twirls 80 miles an hour.”
New food items include deep-fried pickles covered in Nashville Hot and a dessert called a Pig Trough.
“Deep-fried pickles, covered in Nashville Hot. That’s a big one,” Wallace said. “Then our very own local Ye Ole Fashioned has got what they call a Pig Trough, which has got a lot of split components. All types of toppings and scoops of ice cream. It’s going to be quite delicious.”
The fair has operated since 1957, being held at the Ladson fairgrounds since 1979. Fair leaders say they are approaching 300,000 people in annual attendance.
Last year, the fair returned $947,000 to the Tri-County area covering Charleston, Berkeley and Dorchester counties, Wallace said.
Admission tickets provide access to fair entertainment, while wristbands are required for rides. The fair includes a rodeo Monday through Wednesday, three stages, a sea lion act, a petting zoo and a creative arts building.
Parking options include pedicabs for a fee and VIP parking at the main gate, which must be purchased in advance through the website. The fair maintains a clear bag policy for security.
Fair organizers do not rent strollers or wheelchairs on the grounds. Visitors are encouraged to bring their own.
Click here to visit the fair’s website for ticket information.
The fair runs through Nov. 9.
HOPKINS — Whenever he’s home, Steve Ray Ladson takes his banjo out to the barn and plays for his family’s horses. And the miniature donkeys.The Hopkins native takes note of how the animals react to what he’s playing.“If I'm hitting something, I'm playing something and it strikes a nerve on them, they let me know that that’s pretty good,” said the musician who can play 10 instruments.Staying connected to his roots — church, family and trail rides with his cousin, friend and ...
HOPKINS — Whenever he’s home, Steve Ray Ladson takes his banjo out to the barn and plays for his family’s horses. And the miniature donkeys.
The Hopkins native takes note of how the animals react to what he’s playing.
“If I'm hitting something, I'm playing something and it strikes a nerve on them, they let me know that that’s pretty good,” said the musician who can play 10 instruments.
Staying connected to his roots — church, family and trail rides with his cousin, friend and NFL receiver Xavier Legette — is the foundation upon which Ladson has created a new genre of music, “Blackgrass Brothercana.”
The blend of rap, hip-hop, soul, blues, rock and country has captivated the nation and catapulted him to the finale of “America’s Got Talent,” where he competed for $1 million. In the end, he lost out to another singer, Jessica Sanchez.
Ladson wowed audiences — and the panel of celebrity judges — during his audition for the NBC competition show with “Back of My Truck,” an original track that melds hip-hop and roots country to create a tune ripe for radio play.
He stunned the world again last month with a second original track, “Boots like Mine,” which earned him a straight-shot to Sept. 23’s finale show thanks to judge Sofia Vergara’s “Golden Buzzer.”
“You are a superstar,” Vergara told Ladson over thunderous applause during the August episode. “But to be honest, I didn’t like this song … I loved it.
His music has racked up millions of streams over the past few months, launching the professional musician from playing in the bands of established acts to his own performing center stage. It’s a dream more than a decade in the making, but Ladson isn’t resting on his laurels.
“Can't get caught up,” Ladson told Free Times from Los Angeles a few days before the finale. “You got to keep going and keep going. So, just trying to soak it all in, enjoy it … and keep working.”
Even after the show, work will continue. Ladson’s got several tour dates — including a headlining set at Jam Room Music Festival in November — and an album in the works.
Ladson grew up in Hopkins, a small rural town about 30 minutes from Columbia. His father is a pastor, and Ladson’s first performances took place in church. It taught him how to play to a crowd, stage presence tricks and where to set a performance’s tone based on its size and context. He suspects he’s memorized most of the hymnal they sung growing up — Hymn 434 is one of his favorites.
“Church is spiritual, you know, a lot of this stuff is still spiritual too, because it's a connection,” he said. “People need to feel you.”
When he was 22, Ladson booked his first professional gig. For 13 years, he toured with Grammy-winning gospel acts like Robert Randolph and the Family Band and the Blind Boys of Alabama, a Southern blues/gospel group founded in the 1930s.
He’s toured the world with these bands. He remembers turning 23 in Warsaw, Poland. The experience honed his musicianship and helped him plot a course to make his own music, which has always been the goal.
“I paid my dues, put in a lot of work. I learned the ropes from them. I've seen exactly what to do, how to do it, so it made me prepare for my own boat,” Ladson said.
Ladson draws a lot of inspiration from blues groups from the early 20th century, including bluesmen Sonny Boy Williamson and Robert Johnson. For Ladson, “Blues was always a feeling” he felt in himself.
“I always loved the blues, and just love the way that they could sing and just be a one-man show and move a crowd and have a party, just with one man,” he said.
Ladson leans on the blues but also pulls from hip-hop beats and flow, as well as country twang and lyrics, to create his sound.
On the season finale of “America’s Got Talent,” about 40 family members traveled to California to watch him perform the original song, “Do the Rodeo” — many of whom have never seen him play live outside of a church setting.
While he didn’t take home the win, he made a lot of South Carolinians proud.