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

Park Circle: The World’s Largest Inclusive Playground is in Charleston, SC

Park Circle Playground in Charleston, SC has the honor of being the world’s largest inclusive playground because any kid, no matter their ability, can enjoy the park. We checked it out and can confirm it is enormous and fun!I first laid eyes on Park Circle playground in Charleston, SC about two blocks away. It’s that big. I couldn’t even get the entire playground in one – or two- photos. And it was designed for any child, no matter their ability.About Park Circle Playground Park Circle,...

Park Circle Playground in Charleston, SC has the honor of being the world’s largest inclusive playground because any kid, no matter their ability, can enjoy the park. We checked it out and can confirm it is enormous and fun!

I first laid eyes on Park Circle playground in Charleston, SC about two blocks away. It’s that big. I couldn’t even get the entire playground in one – or two- photos. And it was designed for any child, no matter their ability.

About Park Circle Playground

Park Circle, which opened November 2023, encompasses 55,000 square feet and is the world’s largest inclusive playground, meaning that the playground was designed for any child, no matter their development or ability. It also includes their friends, siblings, parents, and caregivers. Yup, you parents can play on the playground. I did!

Here’s how the park describes their inclusivity:

“All children means everyone. The need for play does not distinguish between children who are typically developing and children with disabilities. Everyone of all abilities needs play. And everyone means not only children with a physical disability requiring an accessible playground, but it also includes developmental disabilities like autism; children with sight or hearing impairment and children with intellectual disabilities such as down syndrome.”

I think this is just beautiful. Seeing tons of kids and their parents and siblings playing at this playground made me happy.

Park Circle, besides the enormous playground, also has walking trails, a farmers market pavilion, event space, nature garden, and an inclusive baseball field.

Things to Play On at Park Circle

I had no idea where to look first when we got to the playground. My kids, ages 13 and 9, seemed just as overwhelmed but recovered quicker than I did and decided to head to the nearest double slide massive climbing structure.

There are just so many things to play on: slides, swings, zip lines, a legit ninja course, exercise equipment, obstacle courses, more swings. We were there for over an hour and probably didn’t even play on half of the playground equipment.

Our favorite was definitely the ninja course. I always had respect for the American Ninja warriors but after doing a bunch of the ninja obstacles (and massively failing), I have a whole new respect for those athletes. There are lots of upper body focused apparatus’ plus beams, a climbing rope, and other rope nets to traverse.

There are areas of the playground for any age and ability as well from play houses to huge slides that you have to climb up to even get to.

Park Circle Playground Design is Parent-Friendly

I give a lot of credit to the designers of the playground because they absolutely nailed it when it comes to things that matter to parents: an enclosed space, seating, and shade.

The playground is entirely fenced in. You may lose your kids while they are playing on the equipment but they won’t get far because there is a fence around the whole playground.

There are shade sails everywhere to provide cover from that brutal summer sun. There are a few spots where the shade sails aren’t directly over but for the most part, the playground is covered. Way to go designers!

And lastly, there are lots of benches around the playground. I didn’t sit down ever because I was playing with my kids but if we had stayed longer, I probably would have rested on a bench. Most of the benches are also shaded.

I so appreciate the thought and consideration that went into the construction of this playground. They did a truly excellent job.

There are also bathrooms on site at the adjacent pavilion to the playground.

Visiting Park Circle Playground

Park Circle is in North Charleston, about a 20-minute drive from downtown Charleston. It is totally free to visit and is open daily from 7 am – 5:30 pm.

Park Circle Playground4800 Park Circle, North Charleston, SCPark Circle Playground Website

Verde announces forthcoming Park Circle location, re-opens on King Street

Local fast-casual salad restaurant Verde recently announced it’s opening a new location in Park Circle, in the building formerly occupied by Abundant Seafood. The Instagram announcement was met with an enthusiastic response (i.e. many fire emojis), and the expansion is one of several new locations for the Charleston-based business.“We’ve been on the hunt for years for a production kitchen space to call our own,” said co-owner...

Local fast-casual salad restaurant Verde recently announced it’s opening a new location in Park Circle, in the building formerly occupied by Abundant Seafood. The Instagram announcement was met with an enthusiastic response (i.e. many fire emojis), and the expansion is one of several new locations for the Charleston-based business.

“We’ve been on the hunt for years for a production kitchen space to call our own,” said co-owner Jennifer Ferrebee. The store, located at 4731 Mixson Avenue, will serve as the brand’s new headquarters as well as a retail spot with the usual made-to-order and grab-and-go food options.

Verde will also re-open on King Street later this winter. The chain closed its flagship King Street location at 347 King St. earlier this year, but has a new spot at 433 King St., formerly the location of spots like Poke Stop and FishBowl.

Later this winter, Verde also will open a location at the College of Charleston, in the new concept, the Market at Liberty Food Hall at 30 St. Philip St.

Founded in 2011 by hospitality veterans Jennifer and Sam Ferrebee, Verde focuses on nutrient-dense, preservative-free foods. In a 2017 City Paper interview, Jennifer talked about the inspiration for the chain’s model: “I feel like six years ago the level of fast casual wasn’t really in Charleston yet. This was pre-Daily, pre-Persimmon, pre-Huriyali. When we would travel to D.C. or New York, we could get fast/casual food that was more than stuff being dumped out a bag. Food was actually being prepped and served in a fast nature. That was missing in Charleston.”

Once the three new spots open — stay tuned to Instagram for more details on opening dates — you can grab a salad from eight locations (including the airport) in the Charleston area.

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Local artist’s work on display at Park Circle Gallery

The city of North Charleston’s Cultural Arts Department has announced concurrent solo exhibitions of fiber works by Pam Shanley of Summerville and paintings by Katharine Morrill of Broadway, North Carolina, which are on display at Park Circle Gallery through March.At the gallery, a free reception hosted by the artists is 5-7 p.m. Friday, March 1. The public is invited to attend.Fiber Forms: spun, woven, and stitched – Fiber works by Pam ShanleyIn her exhibit Fiber Forms: spun, woven and stitched, Shanley, a v...

The city of North Charleston’s Cultural Arts Department has announced concurrent solo exhibitions of fiber works by Pam Shanley of Summerville and paintings by Katharine Morrill of Broadway, North Carolina, which are on display at Park Circle Gallery through March.

At the gallery, a free reception hosted by the artists is 5-7 p.m. Friday, March 1. The public is invited to attend.

Fiber Forms: spun, woven, and stitched – Fiber works by Pam Shanley

In her exhibit Fiber Forms: spun, woven and stitched, Shanley, a veteran fiber artist, showcases a robust progression of textile elements. Fiber becomes hand-spun yarn, yarn becomes handwoven textiles and textiles become stitched works of art.

“I am inspired by color and simple design and enchanted with dyeing yarn, using unusual fiber and incorporating fabrics into my work,” Shanley said. “It is my desire to inspire new fiber artists by showcasing modern techniques and colors and incorporating weaving into the mix.”

The artist moves from one technique to another to create her work, enjoying the physical requirements for hand-felting wool fibers, warping a loom with hundreds of yarns, and spinning multiple types of fiber into yarn.

Originally from Canfield, Ohio, Shanley graduated from Youngstown State University and earned a master’s in library science from the University of South Carolina. After 25 years in education, she retired to pursue her love of fiber art.

Shanley has been working in fiber art since she learned how to sew as a teenager. She taught herself how to weave after visiting the Folk Art Center in North Carolina and subsequently was drawn to Appalachian Folk crafts.

Primarily self-taught, she has attended classes at the John C. Campbell Folk School and Arrowmont School of Arts and Crafts. Her fiber works have been displayed at the Virginia Tech School of Medicine Precision and Reach Exhibit, Floyd Quilt Show (Floyd, Virginia), Blue Ridge Quilt Festival (Ferrum, Virginia), Asheville Quilt Show (Asheville, North Carolina), Rockbridge Fair (Lexington, Virginia), South Carolina State Fair (Columbia), South Carolina Palmetto Hands Fine Craft Competition & Exhibition (North Charleston) and Public Works Art Center in Summerville.

Shanley is a member of the Handweavers Guild of America, President of the Palmetto Fiber Arts Guild, teaches fiber art workshops throughout the Lowcountry, and weaves, felts, sews and spins from her home studio in Summerville. Learn more about her at Pamshanley.wix.com/fiberart.

The Park Circle Gallery is at 4820 Jenkins Ave. in North Charleston. Gallery hours are 11 a.m.-6 p.m. Wednesday-Friday and noon-4 p.m. Saturdays. Call 843-637-3565 or email culturalarts@northcharleston.org for more information.

Park Circle welcomes play space for all: ‘Inclusion is growing like wildfire’

NORTH CHARLESTON, S.C. (WCSC) - A cold and rainy forecast did not stop hundreds in the Lowcountry from celebrating the grand opening of a redeveloped Park Circle space.City of North Charleston officials and visitors have been waiting for the first-of-its-kind inclusive space for nearly 18 months, but the project itself has been in the works for six to eight years.“Inclusion is a topic that’s growing, it’s like wildfire,” Inclusive Play Specialist Jill Moore says. “Everyone is excited to bring that ...

NORTH CHARLESTON, S.C. (WCSC) - A cold and rainy forecast did not stop hundreds in the Lowcountry from celebrating the grand opening of a redeveloped Park Circle space.

City of North Charleston officials and visitors have been waiting for the first-of-its-kind inclusive space for nearly 18 months, but the project itself has been in the works for six to eight years.

“Inclusion is a topic that’s growing, it’s like wildfire,” Inclusive Play Specialist Jill Moore says. “Everyone is excited to bring that to their space.”

Moore is one of many who worked hard alongside city officials to bring a lifelong dream to fruition.

“To see it from early phases, talking about it and learning about it, what we wanted to do. To see the grand opening of this amazing space, this is really big,” Moore says.

Park Circle Playground is one of the first inclusive spaces in the Lowcountry of its kind and the largest in the world, according to city officials.

The space is meant to help visitors of all ages, abilities or backgrounds to engage in motor skills, sensory perception, cognitive abilities and social and emotional growth.

“I think they’re cool because everyone who doesn’t have a disability can do something,” Park Circle guest Harper Lewandowski says. “If you do have a disability, you can go on stuff made for you.”

City of North Charleston Recreation Director TJ Rostin says it is a testament to 20+ years of research only pushing the need for better inclusion.

“We want to make sure we have programs everybody can enjoy in whatever ability they need to enjoy them at,” Rostin says.

Mayor Keith Summey calls it one of the highlights of his time in office and a milestone to add to the city’s 51 years of progress.

“Park Circle is unique,” Summey says. “It’s a centralized location. It sort of connects our community.”

The redeveloped playground remains one of the oldest in the city, formerly a historical marker.

“Memories are wonderful, but now is the time to create memories for the next generation,” Summey adds.

North Charleston families say it is a welcomed change.

“It is so different but we love it,” one family says. “I like everything! Everything.”

Park hours will be from dawn until dusk and include full free access to the playground, an updated community center and pavilion and an all-inclusive ball field.

To learn more about the “Park Circle Reimagined” project and everything it has to offer, click here.

Copyright 2023 WCSC. All rights reserved.

Rat infestation raises health concerns at Icon at Park Circle Apartments in North Charleston

NORTH CHARLESTON, S.C. (WCIV) — Uninvited guests call for concerns for some living in Icon at Park Circle Apartments in North Charleston.Khalis Henderson's apartment is one of the units affected by rats that have forced residents to raise questions regarding their health."Literally, it sounds like they're fighting or they're scratching at the wall or trying to get through or something," Henderson said.Read more: ...

NORTH CHARLESTON, S.C. (WCIV) — Uninvited guests call for concerns for some living in Icon at Park Circle Apartments in North Charleston.

Khalis Henderson's apartment is one of the units affected by rats that have forced residents to raise questions regarding their health.

"Literally, it sounds like they're fighting or they're scratching at the wall or trying to get through or something," Henderson said.

Read more: Living conditions aren't improving at Gadsden Green public housing, residents file lawsuit.

They have eaten through a pair of Henderson's brother's jeans. They have eaten the baseboards out near the stove, and they are chewing through the apartment, causing mayhem.

"They started just pooping on his clothes 'cause he had 'em sitting in the kitchen closet," Henderson said. "So, I had to end up bagging up his clothes. They started eating on his clothes and he had holes in his work shirts so he had to replace them."

Henderson said it's the worst living situation he's ever been in.

"The rats have gotten to the point where they ate the baseboard out by the stove and around the water heater, and they're chewing through the foam, and they're making barrels to where they can get through," Henderson said. "I don't like living like that. I've never lived like that, and that's not how my grandmother raised me to live."

Read more: Gadsden Green public housing residents file lawsuit against Charleston Housing Authority over living conditions.

Henderson and his brother have notified management, but they say it's gotten them nowhere. Now, they are merely fed up.

"I caught one in a bag recently," Henderson said. "I even tried to show her. She didn't want to see it. Disgusting to them. But we are living with them. I even emailed the company that's over their apartment complex. Still have not heard from them. It's been about a week now... It's becoming extremely unsanitary, and I don't like stuff like that."

News 4 asked to speak with the complex management, but they had no comment. News 4 also reached out to the property management company and received no answer.

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