Buy a home at a reasonable rate with a VA loan in Moncks Corner, 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.

What is a VA Loan in Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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 Moncks Corner, 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.

Want to know more?

Clarify your Queries Call Us Now! (843)822-5685

Latest News in Moncks Corner, SC

Moncks Corner, Berkeley County work together to preserve land for historic park

MONCKS CORNER, S.C. (WCSC) - The Town of Moncks Corner and Berkeley County are partnering up to create a new park for the community to enjoy.The town and county have purchased two pieces of land, totaling about five acres, on Epson Plantation Drive for the park.The property features several live oak trees that are hundreds of years old, which officials say will now be protected forever.The town and county are splitting the $1.2 million cost for the land. The county is using greenbelt funds from the one-cent sales tax ref...

MONCKS CORNER, S.C. (WCSC) - The Town of Moncks Corner and Berkeley County are partnering up to create a new park for the community to enjoy.

The town and county have purchased two pieces of land, totaling about five acres, on Epson Plantation Drive for the park.

The property features several live oak trees that are hundreds of years old, which officials say will now be protected forever.

The town and county are splitting the $1.2 million cost for the land. The county is using greenbelt funds from the one-cent sales tax referendum passed by voters in 2022 to fund its portion, while the town is using federally funded American Rescue Plan Act dollars to fund theirs.

The county’s role in the project is to design and develop the park using tourism dollars, while the town will focus on maintaining it once it’s built.

County Supervisor Johnny Cribb says that protecting this land is crucial, adding that it was eventually going to see development if not.

He says the goal is to create a space for everyone to enjoy, while also making it a central location to learn more about the area’s history, from its ties to the Revolutionary War to its connection to Francis Marion.

“A theme that we’ve honed in on mutually between the county and the town is to highlight our rich history as it involves the Revolutionary War. This is where our independence was gained, 31 very important battle sites in the county, and we want school buses to be able to come here, individuals to be able to come here and go for a walk,” Cribb says. “But imagine being able to go on a rather short walk and there being 31 different kiosks around here to where you can learn all about all 31 different battle sites in the county.”

Moncks Corner Mayor Thomas Hamilton Jr. says he has a personal connection to the site, adding that his soon to be 98 year old mother-in-law lived on the property as a teenager in the early 1940s and that she remembers the live oak trees looking the same back then as they do now, further highlighting the importance of preserving this land.

“To save something like that, because this parcel would’ve been prime development and if they wanted to they could’ve taken down every tree, so it’s so important for us to be able to save it,” Hamilton says.

Hamilton says this project aligns with their vision of responsible growth while still creating spaces for the community to enjoy.

“Yes, this is five acres, but look at Daniel Island and that park that’s going to give the citizens access to the water. You know, look at the mega boat landing. Look at the projects that’s going to give back to give people a place to go. Those are so important as we grow, because we’re going to have growth, but it’s smart growth and it’s also to provide things for the citizens and I think that’s what we’re doing,” Hamilton says.

Cribb says the county’s Berkeley 250 Committee, which works to highlight the American Revolution and educate tourists and locals on the county’s connections to history, will also play a role in shaping the designs and features of the site.

“I see bus tours from Charleston coming here. Bus tours from all over the state, you know, senior field trip groups from all over the state, and for us to put it all in one location is going to be something that we’re really proud of,” Cribb says.

Officials say the public will also get a chance to provide input on the project throughout the process.

Cribb says they don’t have a timeline on the project right now, but in 2026, they expect to form a concept plan and begin making capital investments.

Copyright 2025 WCSC. All rights reserved.

Berkeley County, Moncks Corner join forces to preserve Epson Oaks Property

Nearly five acres of tree-covered land in Moncks Corner will soon be preserved as a public park, thanks to a joint effort between Berkeley County and the town of Moncks Corner.On Monday, officials announced the collaborative purchase of the Epson Oaks Property — two parcels totaling 4.76 acres along Epson Plantation Drive — for about $1.2 million. The county and town will split the cost evenly, with the county using funds from its Greenbelt Program.The park is intended to serve as a space for public recreation and h...

Nearly five acres of tree-covered land in Moncks Corner will soon be preserved as a public park, thanks to a joint effort between Berkeley County and the town of Moncks Corner.

On Monday, officials announced the collaborative purchase of the Epson Oaks Property — two parcels totaling 4.76 acres along Epson Plantation Drive — for about $1.2 million. The county and town will split the cost evenly, with the county using funds from its Greenbelt Program.

The park is intended to serve as a space for public recreation and historical reflection. It emphasizes preserving the property's grand oaks and highlighting Berkeley County’s role in the American Revolutionary War.

“I am thrilled that our council and Berkeley County have come together to preserve this historic land with its magnificent grand oaks,” said Moncks Corner Mayor Thomas J. Hamilton Jr. “This joint effort not only protects our natural heritage but also provides a valuable resource for our community to enjoy and learn from.”

Under the agreement, Berkeley County will lead the park's planning and construction, working closely with the Berkeley 250 Committee. The town of Moncks Corner will handle the property’s ongoing maintenance.

“We are excited to partner with the town of Moncks Corner to not only preserve this site, but also develop it as a public park to highlight our county’s rich history as it relates to the Revolutionary War and those that fought for our independence,” said Berkeley County Supervisor Johnny Cribb.

The acquisition is part of Berkeley County's broader initiative to expand green space through its Greenbelt Program, funded by the 2022 One Cent Sales Tax referendum. Voters approved the measure in November 2022, which allocates an estimated $58.7 million toward green space projects countywide.

Fireside SC brings family, flavor, community to Moncks Corner

The soon-to-be Fireside SC, at 411 Corner Square Plaza in Moncks Corner, is currently filled with shiny new stainless steel appliances scattered around and yet to be placed in their permanent spots. On this day, co-owner Sean Holmes was wrangling a massive stove into the corner of what would be his kitchen.Although he has never owned a restaurant before, he knows what to expect and is ready for the challenge he moved to Berkeley for.“I was a corporate chef for a large restaurant group in New Jersey and was there for just ...

The soon-to-be Fireside SC, at 411 Corner Square Plaza in Moncks Corner, is currently filled with shiny new stainless steel appliances scattered around and yet to be placed in their permanent spots. On this day, co-owner Sean Holmes was wrangling a massive stove into the corner of what would be his kitchen.

Although he has never owned a restaurant before, he knows what to expect and is ready for the challenge he moved to Berkeley for.

“I was a corporate chef for a large restaurant group in New Jersey and was there for just about 10 years,” Holmes said. “We had 11 restaurants and four different concepts, so I helped develop all of those menus. We moved here about a year ago and came down here hoping to open a restaurant.”

Holmes admits he has been a foodie since childhood and likes cooking for his dad and brother. His mother passed away when he was young. He recalled being a six-year-old kid making dinner his interest in cooking was sparked very early. He says he is now in love with the industry and wants to put his spin on it while cultivating a community spirit.

“We want to make this a fun, family-friendly environment. We are a family and want to bring that sense of community to the restaurant. We want to grow with the community that is important to us. That is one of the reasons we came down here in the first place. When you’re from New Jersey, they don’t put much emphasis on the community,” he said.

Holmes adds that when he and his wife first came south, they were looking for the perfect fit, and they believe they have found it. Now, it’s about showing the future what he can do. He has a flare for Italian with flavors of French.

“Our focus will be 12-inch pizzas and share plates, bowls, salads and sandwiches. But we are highlighting our pizzas and small plates. That’s always been a thing for me. We gather around a table with family and friends, and we talk, and it’s just a great time,” he said.

His goal is to bring people together in a comfortable atmosphere. And it won’t be long before the doors open. He and his wife are planning to open Fireside SC sometime in July. He said he will be hosting a job fair to attract some people, and he is counting on some of his fellow chefs from New Jersey to suit up at his new eatery.

Berkeley County, Town of Moncks Corner Jointly Purchase Epson Oaks Property

The park will not only preserve nearly five acres in the Town of Moncks Corner but also many irreplaceable and beautiful oaks on the site.The County and Town have agreed to jointly purchase the park for approximately $1.2 million, and therefore, jointly own it. The County will utilize Greenbelt Funding from its Greenbelt Program to cover its half of the cost.According to the agreement, the Town will maintain the site while the County will manage all activities necessary to implement and construct the park project with assistanc...

The park will not only preserve nearly five acres in the Town of Moncks Corner but also many irreplaceable and beautiful oaks on the site.

The County and Town have agreed to jointly purchase the park for approximately $1.2 million, and therefore, jointly own it. The County will utilize Greenbelt Funding from its Greenbelt Program to cover its half of the cost.

According to the agreement, the Town will maintain the site while the County will manage all activities necessary to implement and construct the park project with assistance from the Berkeley 250 Committee.

“I am thrilled that our Council and Berkeley County have come together to preserve this historic land with its magnificent grand oaks. This joint effort not only protects our natural heritage but also provides a valuable resource for our community to enjoy and learn from.” -Moncks Corner Mayor Thomas J. Hamilton, Jr.

“We are excited to partner with the Town of Moncks Corner to not only preserve this site, but also develop it as a public park to highlight our county’s rich history as it relates to the Revolutionary War and those that fought for our independence.” -Berkeley County Supervisor Johnny Cribb

Berkeley County is also working to procure additional park properties around the County through the Greenbelt Program. This program is funded through the 2022 One Cent Sales Tax referendum, which voters approved in November 2022. The referendum includes a projected $58.7 million for Greenbelt projects.

###

-Prepared by the Berkeley County Public Information Office-

Epson Oaks greenbelt historical Johnny Cribb park property

Crews extinguish evening blaze at Moncks Corner National Guard Armory. Now SLED will investigate.

MONCKS CORNER — In the early evening March 30, firefighting crews extinguished a heavy blaze that ignited within the National Guard Armory.Within minutes, crews arrived on the scene at 320 Airport Drive to find smoke coming from the armory building, said Colt Roy, assistant fire chief of central Berkeley fire and EMS. A 911 caller around 6 p.m. had alerted them to the blaze, which had overtaken an interior supply room.While unsure if the supply room was for janitorial supplies or miscellaneous storage, Roy said that it di...

MONCKS CORNER — In the early evening March 30, firefighting crews extinguished a heavy blaze that ignited within the National Guard Armory.

Within minutes, crews arrived on the scene at 320 Airport Drive to find smoke coming from the armory building, said Colt Roy, assistant fire chief of central Berkeley fire and EMS. A 911 caller around 6 p.m. had alerted them to the blaze, which had overtaken an interior supply room.

While unsure if the supply room was for janitorial supplies or miscellaneous storage, Roy said that it did not contain critical equipment nor was it part of the armory vault.

The building itself is large and is "hardened," built to withstand potential threats to the armory, Roy said. These factors created a challenge to firefighting crews, as they needed longer hoses to be able to reach the blaze.

In around an hour, crews had the fire under control. No one was injured, Roy said.

To help air out the building in the aftermath, Roy called representatives with Santee Cooper to bring in a large fan boat — the type built for quickly traversing marshland. It proved to be much more efficient in clearing latent smoke than firefighters' smaller fans designed for residential use.

The cause of ignition will be up to the State Law Enforcement Division to determine, said Roy. SLED is the primary investigating body due to the governmental nature of the building. He said that in incidents where there is a belief of foul play, firefighters will be notified in advance and must take extra precautions. None were needed in this case and he received no official mention that the cause of ignition was critical.

The National Guard Armory is situated within Moncks Corner Rural Fire District jurisdiction, Roy said. Their crews responded, as did firefighters from Moncks Corner City Fire, North Berkeley, East Berkley and a rehabilitation van was sent from the Pine Ridge Fire Department.

A reporter with The Post and Courier attempted to obtain comment from officials with the National Guard Armory but did not receive a response by the time of publication.

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