Buy a home at a reasonable rate with a VA loan Near Me Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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 Sumter, 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?

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Latest News Near Me Sumter, SC

Sumter County substitute teacher charged with sexual exploitation of a minor

SUMTER, S.C. (WIS) - A Sumter County substitute teacher was recently jailed after deputies say she made inappropriate comments to a minor.41-year-old Nicole Crumb was arrested on May 28 and charged with sexual exploitation of a minor as well as contributing to the delinquency of a minor.She was booked into the Sumter County Detention Center and has since been released on a $22,500 bond.Crumb was a substitute teacher through a third-party agency known as Kelly Education, which employs substitutes to work in the place of r...

SUMTER, S.C. (WIS) - A Sumter County substitute teacher was recently jailed after deputies say she made inappropriate comments to a minor.

41-year-old Nicole Crumb was arrested on May 28 and charged with sexual exploitation of a minor as well as contributing to the delinquency of a minor.

She was booked into the Sumter County Detention Center and has since been released on a $22,500 bond.

Crumb was a substitute teacher through a third-party agency known as Kelly Education, which employs substitutes to work in the place of regular employees for teachers, paraprofessionals, clerical employees, custodians and food service workers.

She started assignments in the Sumter School District in February of 2023, with her last known assignment in March of this year.

The school district said she is no longer an active substitute teacher, and they have requested to remove her from all assignments.

One parent, who wished to remain anonymous, said Crumb was her daughter’s teacher at Hillcrest Middle School.

“As a mom, it’s disgusting,” she said. “As a mom, it’s scary. As a person, something has to be wrong with her.”

The woman said she had to have some difficult conversations with her daughter after she saw her teacher’s mugshot.

“Talk to your kids, make your kids aware that conversations like that between children and adults is not inappropriate,” she said. “Speak to them every day. Let them know that it’s OK to come and talk to you. Make sure there’s a line of communication between you and your child for your child to come and talk to you because it seems to be getting to be more of a common occurrence nowadays.”

She added that in today’s world, those conversations are necessary.

WIS asked the Sumter County Sheriff’s Office if investigators have any reason to believe that Crumb was doing anything inappropriate while in her role as a substitute.

The Sheriff’s Office said they cannot rule anything out, as the investigation is ongoing.

The incident report includes some disturbing details.

It alleges that Crumb has sent inappropriate messages to a teenaged boy and asked him some explicit questions.

“They’re being preyed on, it’s scary,” the Hillcrest parent said.

The teen told his parents, according to the report, that Crumb “texts all the kids,” implying that she communicates regularly with several of his classmates.

The victim also stated that Crumb’s home is known to be a “party place.”

“Don’t give anyone leeway to get to your kids because it happens and it’s happening more,” the anonymous parent said.

The Sheriff’s Office would not say whether there are more victims, citing the ongoing investigation.

Kelly Education said in a statement, “The safety and well-being of the students we serve is our top priority. The substitute teacher has been removed from all assignments. We intend to fully cooperate with the authorities in their investigation.”

This is a developing story. Stay with WIS News 10 for more details.

Feel more informed, prepared, and connected with WIS. For more free content like this, subscribe to our email newsletter, and download our apps. Have feedback that can help us improve? Click here.

Ticket for SC’s largest-ever rolling jackpot was just sold. Check your numbers

Check your tickets.Someone recently bought a record-breaking game, South Carolina Education Lottery officials said Tuesday in a news release.The person who bought a Palmetto Cash 5 ticket in Sumter won a $1,132,000 grand prize, which is the largest-ever rolling jackpot for a South Carolina lottery game, according to the release.Now a search is underway for the winner.What turned out to be the seven-figure winning Palmetto Cash 5 ...

Check your tickets.

Someone recently bought a record-breaking game, South Carolina Education Lottery officials said Tuesday in a news release.

The person who bought a Palmetto Cash 5 ticket in Sumter won a $1,132,000 grand prize, which is the largest-ever rolling jackpot for a South Carolina lottery game, according to the release.

Now a search is underway for the winner.

What turned out to be the seven-figure winning Palmetto Cash 5 ticket was sold at the Kwik Mart gas station/convenience store at 2350 Peach Orchard Road in Sumter, officials said.

The winning numbers from Monday’s drawing were 4, 7, 10, 20 and 30.

The Palmetto Cash 5 ticket matched all five numbers drawn to win the game’s top prize, officials said.

The winner has 180 days to claim the six-figure prize, according to lottery officials.

The winner will be allowed to retain some privacy, as South Carolina is one of 11 states — along with Arizona, Delaware, Georgia, Kansas, Maryland, New Jersey, North Dakota, Ohio, Texas and Virginia — that allow lottery winners to remain anonymous.

“Sign the back of your ticket and put it in a safe location until you’re ready to come forward to claim the prize,” lottery officials said.

For complete information on claiming prizes, go to sceducationlottery.com.

The jackpot rolled 44 times before Monday’s win, according to the release.

The odds of winning $1,132,000 playing Palmetto Cash 5 are 850,668-to-1, officials said.

The Kwik Mart will receive a commission for selling the winning ticket when it is turned into lottery officials.

The Palmetto Cash 5 jackpot for Tuesday night’s drawing is reset at $100,000.

It costs $2 to purchase a Palmetto Cash 5 ticket, and drawings are held on a daily basis at 6:59 p.m., officials said.

Sumter fire officials still investigating cause of construction site fire; no damage estimate yet

The fire sent smoke over Alice Drive and Harper Street Saturday. Officials said they don’t yet know what caused it.Credit: Mich DeLorme, special to WLTXCOLUMBIA, S.C. — Fire investigators in Sumter County are still trying to determine what caused building materials to catch fire at a construction site in Sumter on Saturday afternoon.Charred pieces of wood, tar paper, and foam littered the area where a ...

The fire sent smoke over Alice Drive and Harper Street Saturday. Officials said they don’t yet know what caused it.

Credit: Mich DeLorme, special to WLTX

COLUMBIA, S.C. — Fire investigators in Sumter County are still trying to determine what caused building materials to catch fire at a construction site in Sumter on Saturday afternoon.

Charred pieces of wood, tar paper, and foam littered the area where a fire broke out at a future B.J.'s Wholesale Club site at Alice Drive and Harper Street in Sumter.

Sumter County Fire Battalion Chief Jeffrey Shirley said crews began responding to the fire around 12:15 Saturday. At one point, 40 firefighters and 11 apparatus were on the scene. Many of those firefighters remained at the site until 4:30 p.m. Saturday.

Sunday afternoon, charred pieces of debris still littered the sidewalk and streets near the site of the blaze.

Fire officials say they don’t believe the smoke from the burning materials, which included insulation and other items, posed a concern to the public since it rose directly above and did not stay low to the ground.

Bobby Riley lives across from the site and described what he saw.

“The air was filled with black, heavy smoke," Riley said. "And by the time I got out to see what was going on, they had the road blocked off and you couldn’t really see [anything]. The firefighters had a heck of a job to do.”

Bonnie Wallace’s mother also lives nearby. She described how the fire impacted her mother's neighbors.

“From what I understand the area was heavy with like a smog. It wasn’t really, really strong, but it was enough to definitely impact you," she said. “For a brand-new building, it’s not even up yet and it’s burned, I don’t know if I’m ever going to go into that building.”

Sunday afternoon, Chief Shirley said the department still does not have an estimate for the damages caused by this fire.

PFAS contamination: Sumter river tops list of polluted waterways

Sumter’s Pocotaligo River had the highest PFAS levels among 22 U.S. waterways tested in a nationwide study, raising public health concerns.SUMTER COUNTY, S.C. — A recent study by the Waterkeeper Alliance has revealed alarming levels of PFAS contamination in the Pocotaligo River in Sumter, finding it is the most contaminated among 22 waterways tested across 19 states.&ldqu...

Sumter’s Pocotaligo River had the highest PFAS levels among 22 U.S. waterways tested in a nationwide study, raising public health concerns.

SUMTER COUNTY, S.C. — A recent study by the Waterkeeper Alliance has revealed alarming levels of PFAS contamination in the Pocotaligo River in Sumter, finding it is the most contaminated among 22 waterways tested across 19 states.

“It was the worst, by far, on total PFAS. It was the most contaminated site out of all, I believe. It was out of 22 that was studied,” said Erin Donmoyer, Black-Sampit Riverkeeper.

The findings are based on samples collected in September 2022. Donmoyer suspects a nearby wastewater treatment facility may be a significant contributor to the contamination.

“It’s suspected that one or more of the industrial pre-treatment users is probably the larger source of PFAS coming into the system so if the wastewater treatment plant issues limits PFAS for their treatment users then that can be a solution to the problem,” she said.

PFAS, often referred to as “forever chemicals,” are a group of synthetic substances that do not break down easily in the environment or the human body. Long-term exposure to certain PFAS has been linked to health risks, including cancer and liver damage.

Some residents are concerned but not yet deterred.

“I’ve been fishing at the river for about 30 years, and I guess it is a little bit concerning to hear this stuff. We’ve had some mercury poison warnings over the years, but I’m not sure what this is,” said Sumter resident Julien Weinberg, who declined to appear on camera. While he still plans to swim in the river, he says he may reconsider fishing there.

Health officials note that PFAS absorption through the skin is considered low, but ingesting contaminated water or fish may pose risks. Swimming remains safe, but caution is advised when consuming fish caught in the Pocotaligo.

Donmoyer hopes the study will lead to increased awareness and action.

“Advocating around this issue is where everyone can find their power," Donmoyer said. "Let your local reps know, let the state reps know that this is something you’re concerned about and it matters. You want to feel safe going to your river or in your local landing and catching fish. It should be safe to do so and a right we all have, and industry should not be put above community safety.”

Habitat for Humanity helps South Carolina families become homeowners

Home sales rose 300% in Sumter County, while Habitat for Humanity continues building homes for low-income families as June marks Homeownership Month.SUMTER COUNTY, S.C. — A recent report from Rocket.com shows a notable increase in home sales in Sumter County. Four homes sold or were pending in May 2025, a 300% increase month over month.Of those four homes, 50% were sold under asking price, 25% sold at asking, and 25% over askin...

Home sales rose 300% in Sumter County, while Habitat for Humanity continues building homes for low-income families as June marks Homeownership Month.

SUMTER COUNTY, S.C. — A recent report from Rocket.com shows a notable increase in home sales in Sumter County. Four homes sold or were pending in May 2025, a 300% increase month over month.

Of those four homes, 50% were sold under asking price, 25% sold at asking, and 25% over asking.

As June marks National Homeownership Month, Habitat for Humanity in Sumter is continuing its mission to help local families achieve the dream of homeownership.

Michelle Davis and Gerald Jennings are two of those homeowners who were able to unlock the doors to their forever homes through Habitat for Humanity.

“In 2011 is when I moved with Sumter Habitat for Humanity and I’ve been there 14 years,” said Davis.

“I became a homeowner in June of 2013,” Jennings said.

The road to homeownership wasn’t easy for either of them.

“So, I was interning and working at the Red Cross, and, in the meantime, I was going through my divorce, so I was going through my phase of what am I going to do now," Jennings said. "I am a single mother with three children, so I moved into a low-income apartment."

Encouragement from friends and a bit of faith made the process possible.

“He was like maybe you should apply for a home with Habitat for I was like well my credit isn’t that great, and I was trying to work and get things together I was at a loss, and I was apprehensive,” Jennings added.

Davis had a similar experience navigating the process.

“I worked at Santee Wateree at that time and I first when I applied, I didn’t get in because I was making too much money – but I got on the waiting list and they selected me the second time I was so happy – we put the nails in and all that stuff it was a good opportunity to finish up your house,” Davis said.

Over the past 37 years, Habitat for Humanity of Sumter has built more than 120 homes for low-income families. Three homes were completed in the past year alone, and another three are currently under construction.

Theresa White, executive director of Sumter Habitat for Humanity, said the organization looks for committed and responsible applicants.

“With this comes great responsibility; you might be paying $600 a month for rent does not mean you can afford homeownership, so we pull a credit report. How you’ve paid your debts in the past,” White said.

According to White, preparation is key.

“You're not going to be able to make $100,000 and probably and qualify for our program, so qualifications for income is based on the number of people ... who are going to be living in the home," she said. "It's 50 to 80% of our area immediate income; that’s the first thing we look at: if their income is too high or too low, they are not going to qualify. So, they meet that requirement. The next thing is, can they afford homeownership?” she said.

Both Davis and Jennings say they are forever grateful for the opportunity Habitat gave them.

“For everyone that is out there, [it is] a second chance to start over and start new, make some solid foundations, and grow and be able to be vital and give back to an opportunity given to you,” Davis said.

“I think it sinked in for me when I went to the lawyer’s office and I got things that I finally had my own place; we are home, and we are going to make it, and no one is going to take that from me,” Jennings said.

White says the goal is to speed up their home-building process with more volunteers.

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