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.
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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 Richland, SC are designed to help military members and veterans access affordable housing.
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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.
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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.
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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.
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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 Richland, 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.
Richland County, SC – Investigators are asking for the public’s help today to identify a suspect connected to a series of burglaries and vehicle thefts in the Wildflower Road area earlier this month.According to the Richland County Sheriff’s Department (RCSD), deputies are attempting to identify a male suspect allegedly involved in a burglary in which he broke into a woman’s home, stole her vehicle keys and credit cards, and took her vehicle. Investigators say the suspect later returned the veh...
Richland County, SC – Investigators are asking for the public’s help today to identify a suspect connected to a series of burglaries and vehicle thefts in the Wildflower Road area earlier this month.
According to the Richland County Sheriff’s Department (RCSD), deputies are attempting to identify a male suspect allegedly involved in a burglary in which he broke into a woman’s home, stole her vehicle keys and credit cards, and took her vehicle. Investigators say the suspect later returned the vehicle to the residence, then came back again, took the keys, and stole the vehicle a second time.
RCSD said the initial vehicle theft occurred Saturday, November 16, 2025, in the Wildflower Road area of Richland County. The vehicle was reportedly stolen again on Sunday, November 17, 2025. Investigators say the suspect then attempted to use the victim’s credit cards on Monday, November 18, 2025.
Surveillance images released by the sheriff’s department show the suspect inside what appears to be a convenience store. His identity remains unknown, and deputies are urging anyone who recognizes the individual or has information related to the case to come forward.
The case was highlighted as part of the department’s ongoing “Wanted Wednesday” initiative, which uses public assistance to help identify suspects in active investigations. Authorities emphasize that tips can be submitted anonymously.
Anyone with information is asked to contact the Richland County Sheriff’s Department at 803-576-3000. Tips can also be submitted anonymously through CrimeStoppers at 1-888-CRIME-SC.
Deputies remind the public not to approach the suspect and to share any relevant information directly with law enforcement.
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COLUMBIA, S.C. (WIS) - A man was arrested after a high-speed chase ended in a crash into a power pole in Richland County.The Richland County Sheriff’s Department said 32-year-old Leland Cheeks was charged Friday with failure to stop for blue lights, reckless driving, driving under suspension and striking a fixture on or adjacent to the roadway.RCSD said Cheeks was driving a white Jaguar SUV that fled from deputies at around 10:30 p.m. Friday. The car was spotted again minutes later near Parklane Road, but Cheeks reportedl...
COLUMBIA, S.C. (WIS) - A man was arrested after a high-speed chase ended in a crash into a power pole in Richland County.
The Richland County Sheriff’s Department said 32-year-old Leland Cheeks was charged Friday with failure to stop for blue lights, reckless driving, driving under suspension and striking a fixture on or adjacent to the roadway.
RCSD said Cheeks was driving a white Jaguar SUV that fled from deputies at around 10:30 p.m. Friday. The car was spotted again minutes later near Parklane Road, but Cheeks reportedly didn’t stop for lights and sirens - initiating a chase.
Other details of the pursuit were redacted from an RCSD incident report obtained by WIS on Monday. However, it does state that Cheeks crashed into another vehicle during the chase on Interstate 77 South, as well as a power pole that caused a transformer to blow.
After the second crash, deputies surrounded the vehicle and began calling Cheeks out. RCSD also opened the driver’s door and demanded that Cheeks show his hands, or a K-9 would go after him.
The sheriff’s department said Cheeks then came out of the wreckage on his hands and knees. He was detained at the scene.
Cheeks was treated at a hospital for foot and leg pain. He was later released and booked at the Alvin S. Glenn Detention Center. As of noon Monday, records show he is being held on a nearly $33,000 bond.
The South Carolina Highway Patrol took over the investigation of the crash on I-77, while Dominion Energy crews responded to repair the power pole and transformer.
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COLUMBIA, S.C. (WIS) - The Richland County Sheriff’s Department is investigating after a Friday night shooting left one person dead and another hurt.Deputies said they were dispatched Friday around 9:30 p.m. to the 7500 block of Hunt Club Road after reports of a shooting. After arriving, deputies said they located a male victim suffering from a gunshot wound to his midsection. RCSD said deputies provided medical aid to the victim until EMS arrived and transported the victim to a local hospital.While circulating the immedi...
COLUMBIA, S.C. (WIS) - The Richland County Sheriff’s Department is investigating after a Friday night shooting left one person dead and another hurt.
Deputies said they were dispatched Friday around 9:30 p.m. to the 7500 block of Hunt Club Road after reports of a shooting. After arriving, deputies said they located a male victim suffering from a gunshot wound to his midsection. RCSD said deputies provided medical aid to the victim until EMS arrived and transported the victim to a local hospital.
While circulating the immediate area for additional evidence, deputies found two guns: one inside the residence and another outside on the ground.
According to investigators, after arriving at the hospital, another shooting victim was being transported to the same hospital. Investigators learned the second victim, also a male, had a gunshot wound to the upper body and was pronounced dead upon arrival.
Investigators said they were able to conclude that both gunshot wound victims were related to the same incident.
RCSD says this is an active and ongoing investigation.
The department asks if anyone has information about the incident to call RCSD at 803-576-3000 or submit a tip through CrimeStoppers at 1-888-CRIMESC.
This is a developing story. Check back here for more updates as we learn more.
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Editor’s note: This story was updated Thursday at 10:15 a.m. to clarify that deputies did not cause the large knot that can be seen on the top of Outen’s head.A traffic stop by the Richland County Sheriff’s Department — captured on the TV show “On Patrol: Live” — left a man with multiple injuries to his face after refusing to exit his vehicle. The department now says it plans to review its use of force policy.Around 7:45 p.m. on Dec. 6, deputies conducted a traffic stop on Maxie ...
Editor’s note: This story was updated Thursday at 10:15 a.m. to clarify that deputies did not cause the large knot that can be seen on the top of Outen’s head.
A traffic stop by the Richland County Sheriff’s Department — captured on the TV show “On Patrol: Live” — left a man with multiple injuries to his face after refusing to exit his vehicle. The department now says it plans to review its use of force policy.
Around 7:45 p.m. on Dec. 6, deputies conducted a traffic stop on Maxie Outen, 31, on Hardscrabble Road for failing to maintain lane, according to a news release.
Upon making contact with Outen, a deputy spotted a white substance inside a plastic bag that Outen said was a narcotic, the release said.
Outen was then ordered out of the car, but refused, according to the release. A fight between deputies and Outen broke out and lasted several minutes, during which deputies struck Outen multiple times as the 31-year-old resisted and kicked deputies, the release said. A Taser was also deployed but was ineffective.
Once detained, deputies searched Outen’s vehicle and found an open bottle of liquor, narcotics, a firearm and a box of ammunition. He was charged with possession of a schedule 1 narcotic, possession of a firearm by a convicted felon, transport of liquor by vehicle with a seal broken, third-degree assault and battery and resisting arrest, according to the release.
In a mugshot photo, Outen appeared to have a bruise around his left eye with blood surrounding his nose and lips. The knot on top of Outen’s head was not a result of the incident, according to Sheriff Leon Lott and a photo of Outen’s driver’s license, taken before his encounter with deputies.
The department said in a news release that it will review its use of force policy and that its Citizens Advisory Council will review the incident during a meeting in January.
Outen was booked into the Alvin S. Glenn Detention Center. He was released on a $17,382.50 bond, according to the release.
RICHLAND COUNTY, S.C. (WIS) - The NAACP condemned an arrest in Richland County seen during a recent episode of “On Patrol: Live” that has sparked debate online.The organization’s South Carolina chapter released a statement Thursday, nearly a week after the arrest of 31-year-old Maxie Outen by the Richland County Sheriff’s Department aired on the show and sparked debate online.“Recently, OPL filmed officers of the Richland County (SC) Sheriff’s Department subjecting citizens to beatings and ta...
RICHLAND COUNTY, S.C. (WIS) - The NAACP condemned an arrest in Richland County seen during a recent episode of “On Patrol: Live” that has sparked debate online.
The organization’s South Carolina chapter released a statement Thursday, nearly a week after the arrest of 31-year-old Maxie Outen by the Richland County Sheriff’s Department aired on the show and sparked debate online.
“Recently, OPL filmed officers of the Richland County (SC) Sheriff’s Department subjecting citizens to beatings and tasings. The NAACP-South Carolina State Conference (NAACPSC) strongly urges the citizens of this State to join them in insisting on a full investigation of these incidents,” the NAACP said in its statement.
The NAACP added that it argues the show “broadcasts arrests as a form of ‘entertainment’ at the expense of possibly jeopardizing an individual’s right to a fair trial.”
RCSD said Outen was taken into custody Saturday on Hardscrabble Road after deputies pulled him over for swerving in the road. Outen reportedly admitted to having narcotics in his car, but did not step out of the car when asked.
Deputies are then seen on video trying to force Outen out of the car, dragging him by his feet as well as punching and Tasing him multiple times. The department noted that it was, in their words, “an indication of someone under the influence of drugs.”
Outen was eventually pulled out of the back seat and taken to the ground before being handcuffed with five deputies around him. Outen is heard saying he cannot breathe, moments before deputies get off of him as he remained handcuffed on the ground.
RCSD said after Outen was in custody, an open liquor bottle and a gun were found in his car. The gun was reportedly discovered in the door panel on the driver’s side.
Footage from the arrest later circulated across social media, with some posts questioning the department’s use of force. RCSD has contested that the video from the show being shared is “only showing a portion of the actual incident.”
RCSD said its professional standards division and training division are reviewing the use of force. Evidence will also be presented in January to the department’s citizen advisory council.
The NAACP said it was also willing to work with authorities on an investigation.
“The NAACP South Carolina State Conference is willing to work with the Sheriff’s Department and other local law enforcement, Governor Henry McMaster, and the federal Department of Justice to ensure the safety of our citizens,” NAACPSC President Brenda Murphy said in a statement.
Outen, meanwhile, was charged with being a felon in possession of a firearm, resisting arrest, third-degree assault, possession of a schedule I narcotic and transporting liquor with a broken seal.
After being booked at the Alvin S. Glenn Detention Center, he was released on bond.
The arrest was broadcast at the beginning of Saturday’s episode of “On Patrol: Live,” a program airing on Reelz that follows multiple law enforcement agencies across the country. The show is a spiritual successor to A&E’s “Live PD,” which also featured RCSD before its cancellation in 2020.
FULL NAACP STATEMENT
The television show “On Patrol: Live” (OPL) broadcasts arrests as a form of “entertainment” at the expense of possibly jeopardizing an individual’s right to a fair trial.
Recently, OPL filmed officers of the Richland County (SC) Sheriff’s Department subjecting citizens to beatings and tasings. The NAACP-South Carolina State Conference (NAACPSC) strongly urges the citizens of this State to join them in insisting on a full investigation of these incidents. “Public Safety Officers” are expected to abide by certain training and tactics; we are concerned that these Officers be subject to appropriate oversight.
NAACPSC President Brenda Murphy states, “The NAACP South Carolina State Conference is willing to work with the Sheriff’s Department and other local law enforcement, Governor Henry McMaster, and the federal Department of Justice to ensure the safety of our citizens.”
Further, NAACPSC is concerned about the media profiting from the publicization of disturbing and degrading incidents, especially of citizens who all too often have been subject to disrespect. Our position is that no form of media should utilize such video for “entertainment.”
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