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

Summerville restaurant closes its doors after opening more than 8 decades ago

CHARLESTON, S.C. (WCSC) - A Summerville restaurant staple is closing its doors after more than eight decades of serving Southern hospitality.Eva’s on Main opened in 1944 and Wednesday was their last day open. The owner and customers reflected on the bittersweet end to a long-standing favorite in the community.The Southern food restaurant has a long history starting in 1944 with Eva Hensen.“We felt that it was important to carry on that legacy,” Eva’s Restaurant owner Whitney Easler said.The...

CHARLESTON, S.C. (WCSC) - A Summerville restaurant staple is closing its doors after more than eight decades of serving Southern hospitality.

Eva’s on Main opened in 1944 and Wednesday was their last day open. The owner and customers reflected on the bittersweet end to a long-standing favorite in the community.

The Southern food restaurant has a long history starting in 1944 with Eva Hensen.

“We felt that it was important to carry on that legacy,” Eva’s Restaurant owner Whitney Easler said.

The current owners have been running Eva’s for six years.

“We’ve had a number of longtime customers that have dined with us from back in the day when they were young, and they remember Eva snapping peas in the kitchen,” Easler said.

General manager Tina Howard has been serving friendly faces here for a decade.

“Customers are family to me. We have customers that eat here twice a day,” Howard said.

“This was our home away from home. We came here to feel like we were still back in Delaware. We love the food and the people that work here,” long-time customer Bonnie Booth said.

Owner Whitney Easler said those Southern roots that customer loves are what make it special.

“Making everybody feel like they’re eating at grandma‘s house and we’ve come to know so many of our customers by name. They know who we are and we know who they are. It’s like an old home when you dine at Eva’s,” Easler said.

While it’s a tough last call for many, the final dishes were served Wednesday with no regrets.

“It’s hard to let go, but we’re ready to retire and spend more time with family,” Easler said.

“It’s bittersweet, it’s a part of history gone but now it’s time for change,” Howard said.

Howard said much of the staff will still be working here, for the longtime customers who may want to stop by and visit. But they’ll have to change their taste, as an Italian deli is moving in. Howard said they’re expected to open their doors in three to four weeks.

Copyright 2025 WCSC. All rights reserved.

Summerville leaders consider annexation and rezoning for townhome development

SUMMERVILLE, S.C. (WCSC) - The Town of Summerville is considering annexation and rezoning a section of land to support a potential townhome development.The town’s planning commission is meeting on Monday for a public hearing and to vote on a request from the landowner and developer to annex and rezone a property, which is currently part of Dorchester County and zoned for single-family residential use.This nearly five-acre property is located off Bacons Bridge Road at Crestwood Drive.If the town moves forward with t...

SUMMERVILLE, S.C. (WCSC) - The Town of Summerville is considering annexation and rezoning a section of land to support a potential townhome development.

The town’s planning commission is meeting on Monday for a public hearing and to vote on a request from the landowner and developer to annex and rezone a property, which is currently part of Dorchester County and zoned for single-family residential use.

This nearly five-acre property is located off Bacons Bridge Road at Crestwood Drive.

If the town moves forward with the request, the annexation would bring the property under the Town of Summerville’s jurisdiction and rezone it for multi-family residential use, allowing for more housing units to be built.

Town officials say that about an acre of the property is wetlands, so only about four acres of the property is developable land.

The Town of Summerville’s Director of Planning, Jessi Shuler, says that the development is still in its early stages, but current plans suggest it will include 20 to 30 townhomes.

“It can vary depending on meeting our other requirements because we do have obviously stormwater requirements and parks and open space requirements that they will have to meet. Then they will have to build a road and so it just kind of varies as to how many they will actually be able to fit, but right now it looks like it will be somewhere between 20 and 30 units,” Shuler says.

She says the development plans so far have gone to the town’s technical review committee, but they haven’t submitted their plans yet to the design review board which is the next step.

Shuler says that the landowner and applicant haven’t discussed their reasons as to why they are seeking annexation into the town rather than remaining in Dorchester County.

Summerville resident and Board Member of the Bike and Walk Summerville, a nonprofit 501(c)3, Chris McClure, says he sees this potential development as a positive opportunity for his community.

“The lack of housing is very apparent to anybody who pays rent within the local area. I recently was looking for an apartment and there was nothing that I could find that was under thirteen or fourteen hundred,” McClure says. “The fact of the matter is we do need to build more housing. People want to live here, they’re going to find a way to live here even if it’s like renting for a little bit then finding a unit.”

This property is located near the Sawmill Branch Trail and McClure says the development could help create a more connected community, providing more opportunities to bike and walk the trail.

“When we don’t allow townhouses and apartments to be in the walking, biking, downtown kind of connected areas what ends up happening is that we push them out and we push them farther. We push them in areas where there are two-lane roads and ditches on the sides and guess what happens? Well, they have to have jobs, they have to work, they have to live in Summerville still and now 100 percent of those people are now dependent on a vehicle for all of their trips,” McClure says.

Shuler says whether the planning commission denies or approves the annexation and zoning request at Monday’s meeting the proposal will still move forward to the planning and development committee of council in April. That committee will then make a recommendation to the town council who will have final approval.

The planning commission ended up recommending that this request be denied.

Copyright 2025 WCSC. All rights reserved.

Folks worry over neighborhood access after gas leak causes travel delays

SUMMERVILLE, S.C. (WCSC) - A gas leak has caused some concern in a Dorchester County neighborhood after residents realized there was no way of getting in or out for several hours.Although Dorchester County added temporary access roads during the process, neighbors like Jeff Palmie say they don’t want this to happen again.“I smelled gas and saw gas leaking over the construction fence,” Palmie said.Dorchester County Fire Chief Tres Atkinson says a contractor with an excavator hit a 6-inch gas line around ...

SUMMERVILLE, S.C. (WCSC) - A gas leak has caused some concern in a Dorchester County neighborhood after residents realized there was no way of getting in or out for several hours.

Although Dorchester County added temporary access roads during the process, neighbors like Jeff Palmie say they don’t want this to happen again.

“I smelled gas and saw gas leaking over the construction fence,” Palmie said.

Dorchester County Fire Chief Tres Atkinson says a contractor with an excavator hit a 6-inch gas line around 9:30 Monday morning while working on the neighborhood’s new amenity center.

This caused residents like Julie Wallace to be unable to enter or leave the neighborhood for several hours, as the entrance and exit where Clay Field Trail meets Summers Drive is the only one they have.

“We need another way in and out of our neighborhood,” Wallace said. “Especially when the weather is like it is right now with the wildfires and everything. If there was a wildfire or something else, or God forbid an explosion, how would we get in and out of our neighborhood?”

Other Heron’s Walk resident Patrick Manwiller says this was bound to happen.

“It’s been an ongoing issue,” Manwiller said. “It’s something my wife and I have talked about at nauseum where we kind of live on an island... Saying what happens if there’s a major event, whether it’s medical or fire or anything, and obviously today has kind of proved that.”

Dorchester County administrator Jason Ward says there’s been plans with the developer, Lennar Homes, and the South Carolina Department of Transportation to add another permanent access point. He adds they just had a pre-construction meeting this past Friday.

“The county entered into an agreement with Lennar and Lennar had 270 days to get Clay Field Trail connection made,” Ward said. “That connection has not been made. It has been more than 270 days.”

Palmie says neighbors have also been waiting for this amenity center to be finished. Manwiller says they don’t know that timeline either.

“This is definitely an amenity everyone wants to see,” Palmie said. “But we sure want it built safely and not to cause any harm to residents or workers.”

“Inconvenience people can deal with, but when it comes to the safety and security of your neighborhood, it’s kind of concerning,” Manwiller said.

Clay Field Trail at Summers Drive has now reopened and the gas line has been officially repaired, according to Dorchester County. The temporary access road from Delemar Highway will remain open until 7 p.m.

As far as the other permanent access point, Ward says they’re hoping to finish it by the end of the month.

“It has our full attention, their full attention to try and get the project done,” Ward said. “But at the end of the day, this is a project Lennar has to complete. Right now, they’re being cooperative with their contractor, Thee Oaks Construction, but we need the permanent fix to be done and they understand that. We’ve talked all the way to the top of their management about getting this done as soon as possible.”

The South Carolina Department of Transportation media relations manager Hannah Robinson says “the new entrance is being built under an encroachment permit through SCDOT. The work being performed is not being performed by SCDOT.” Therefore, she says any other information has to come from Lennar.

Lennar Homes has not responded to a request for comment on the timeline of the second permanent access road.

Copyright 2025 WCSC. All rights reserved.

Watch as dry grass quickly ignites a home's front yard after lawn care tool scrapes cement

A South Carolina man's lifelong dream of becoming a firefighter came true, kind of.Doorbell camera footage captured the moment Chip Googe’s lawn quickly went up in flames on Saturday. Googe said on Facebook the fire sparked after his neighbor’s landscaper hit the concrete with a tool.He said a spark landed in the dry grass in front of his Summerville, South Carolina home, causing the large flames....

A South Carolina man's lifelong dream of becoming a firefighter came true, kind of.

Doorbell camera footage captured the moment Chip Googe’s lawn quickly went up in flames on Saturday. Googe said on Facebook the fire sparked after his neighbor’s landscaper hit the concrete with a tool.

He said a spark landed in the dry grass in front of his Summerville, South Carolina home, causing the large flames.

The fire came after the South Carolina Forestry Commission issued a statewide red flag alert, saying wildfire conditions in the state were optimal.

“The combination of wind, low relative humidity and dry fuels is very favorable for wildfire ignitions, so we ask that people who don’t have to burn to hold off until these conditions subside,” Fire Chief Darryl Jones said in a press release.

Watch as flames ignite dry grass in home's front yard

In footage captured on Googe’s Ring camera, the flames grow in a blink of an eye.

“The wind was no joke and spread it fast!” Googe said.

He then grabs a hose to attack the fire, which he eventually puts out. He said there was no damage to the house. In the same post following the incident, Googe joked about finally becoming a firefighter.

“So glad my dreams of becoming a fireman came true!” he said.

Fernando Cervantes Jr. is a trending news reporter for USA TODAY. Reach him at fernando.cervantes@gannett.com and follow him on X @fern_cerv_.

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