We know that many home loan officers have horrible reputations. Some brokers only see their clients as transactions, and a means to make quick money. They come off as impatient and pushy, failing to understand that this is a very big decision for you. At Mission One Mortgage, we take the opposite approach. We encourage our clients to take as much time as needed to ask us questions and review mortgage documents. We could say that our mission is to exceed your expectations, but we'd rather just show you. From assistance finding FHA, VA, or other loans to refinancing your current mortgage, Mission One is the team you can trust.
Here are just a few reasons why home buyers choose Mission One Mortgage:
To understand the benefits of working with a mortgage broker, you must first understand their role in the home-buying process.
Your mortgage broker is a third party that works to connect you with mortgage lenders. Essentially, a mortgage broker works as an intermediary between a person who wants to buy a home and the entities offering loans to buy a home. The mortgage broker works with both the borrower and lender to get the borrower approved. They also verify and collect paperwork from the borrower that the lender needs to finish a home purchase. Typically, mortgage brokers have relationships with several home loan lenders. Mission One Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Cane Bay, SC, from which to choose.
In addition to finding a home loan lender, your mortgage broker will help you settle on the best loan options and interest rates for your budget. Ideally, your mortgage broker will take a great deal of stress and legwork off your plate while also potentially saving you money.
If you're ready to buy a home, getting pre-qualified is a great choice that will streamline the entire process. Your mortgage broker makes getting pre-approved easy by obtaining all the documents needed to get you pre-qualified. In taking a look at your application, they will determine if you're ready for the pre-approval process. If your application needs additional items, the mortgage company will help point you in the right direction to ensure your application is as strong as it can be. Your mortgage broker will also walk you through the different types of loans, from Conventional and FHA to VA and USDA.
In order to be pre-approved for a home in South Carolina, you must have the following:
Conventional loans can be used to purchase a new home or refinance your current one. Conventional loans include fixed-rate mortgages and adjustable-rate mortgages. Generally, borrowers must put down a 3% down payment for owner-occupants, 10% for a vacation property, and 20% for an investment home. If you are able to pay 20% of the total cost of the home, you can avoid private mortgage insurance, which is otherwise required. Conventional mortgages are often preferred by buyers with good credit or people needing a non-owner-occupied mortgage.
FHA mortgages are issued by the U.S. government and backed by the Department of Housing & Urban Development (HUD). This loan is often preferred by first-time homebuyers because it only requires a 3.5% down payment and offers more flexibility with credit requirements and underwriting standards. FHA loans have several requirements you must meet to qualify. Contact Mission One Mortgage today to learn more about FHA loans and whether or not they're best for your financial situation.
Also backed by the government, these loans are insured by the U.S. Department of Agriculture and don't require money down. These loans have lower insurance requirements when compared to FHA loans, offer 100% financing if you qualify, and allow for closing costs to be covered by the seller. In order to qualify for a USDA loan, you must live in a rural area, and your household income must meet certain standards. These loans are often preferred by low-income citizens who live in rural parts of South Carolina.
Also known as VA or Veteran's Affairs loans, these mortgages are reserved for the brave men and women who served in the military. VA loans help provide our military members, veterans, and their families with favorable loan terms and an easy home ownership experience. Often, those who qualify are not required to make a down payment on their home. Additionally, these loans often include less expensive closing costs.
If you are a veteran or the family member of a veteran, contact Mission One Mortgage today to speak with our Vetted VA Professional, Debbie Haberny. Debbie helps our military members, veterans, and their family members obtain home loans utilizing veteran benefits and would be happy to help as you search for a home.
Q. I was talking to my spouse about mortgage brokers, and they mentioned the phrase home loan originator. What's the difference between a broker and a loan originator?
A. The mortgage industry is full of confusing jobs and titles, making it easy to confuse roles and responsibilities. Such is the case with mortgage brokers and home loan originators. Though their roles share similarities, a home loan originator in Cane Bay, SC, works for a bank or credit union, while a mortgage broker works for a brokerage company. Home loan originators and mortgage brokers are both licensed by the Nationwide Multistate Licensing System (NMLS).
Q. I've heard from everyone that you must have mortgage insurance to buy a home. What is mortgage insurance?
A. Essentially, mortgage insurance helps protect lenders if a borrower forecloses on the home they bought. One advantage of mortgage insurance is that when borrowers pay it, lenders can often grant loans to buyers when they might not have otherwise. Though not always required to buy a home, mortgage insurance is often needed for down payments of less than 20%.
Q. I have just been pre-approved to buy a beautiful home in South Carolina. Is there anything I shouldn't do now that I'm pre-qualified?
A. Mortgage companies like Mission One Mortgage, make getting pre-qualified for a home easy. However, as your loan process continues, your lender is required to run a new credit report before closing on a home. For that reason, it's to avoid any activity that might affect your credit score, such as:
Q. My brother-in-law recently refinanced his home in South Carolina. What is refinancing, and should I consider refinancing my home too?
A. Refinancing your home basically means you're swapping your current mortgage for a new one, most often with a lower interest rate. If you would like to reduce the term of your loan, lower your monthly mortgage payments, or consolidate debt, refinancing may be a smart option. Many homeowners also choose to refinance if they want to switch from adjustable-rate mortgages to fixed-rate mortgages or to get cash back for home renovations. To learn whether refinancing is a viable option for your situation, contact Mission One Mortgage ASAP, as loan rates change frequently.
Here at Mission One Mortgage, we believe that the best communities begin with the dream of home ownership. Our mission is to make those dreams come true, with personalized service, expert guidance, and good old-fashioned hard work. As one of the most trusted mortgage companies in Cane Bay, SC, we have years of experience working with a diverse range of clients, from first-time buyers and investors to self-employed borrowers and non-native English speakers.
Though every mortgage situation is different, one thing never changes: our commitment to clients. Contact our office today to get started on an exceptional home-buying experience.
Cane Bay head football coach Russell Zehr is counting heavily on a veteran backfield to lead the way for the 2023 Cobras.Of course, the success of the backs depends on the play up front and Zehr is hoping his offensive line can grow up quickly. The Cobras are a run-oriented team offensively and that ground game can only be productive if all cylinders are clicking.“We have good experience and good talent at the skill positions, particularly in the backfield,” says Zehr, entering his 13th season as the head coach. &ld...
Cane Bay head football coach Russell Zehr is counting heavily on a veteran backfield to lead the way for the 2023 Cobras.
Of course, the success of the backs depends on the play up front and Zehr is hoping his offensive line can grow up quickly. The Cobras are a run-oriented team offensively and that ground game can only be productive if all cylinders are clicking.
“We have good experience and good talent at the skill positions, particularly in the backfield,” says Zehr, entering his 13th season as the head coach. “That’s probably our biggest strength. We have some guys who have played a lot and they are comfortable in our system.
“But, we only have two starters back along the line and, to be honest, we still have three question marks there. I hope they can grow and come together. If they can, we will be a good offensive team. Just not there yet.”
Cane Bay’s leadership along the front comes from returning seniors Andrew Tumbleton at tackle and center Jayden Ferguson. Both will be third-year starters.
Senior Mark Stewart is the starting quarterback. Stewart was the backup for most of last season but started the last four games in place of the injured starter.
“He gained a lot of experience last season and he is ready to lead us as the full-time guy,” Zehr said.
Senior Langston Rhodes is a returning starter at fullback, having topped 500 yards last season. Senior DeShawn Tompkins and junior Brycen Johnson are returning wing backs. Both were starters a year ago.
Leading the receiving corps is senior Braylen Green, a receiver/tight end threat. Junior Qua’Shawn Pelzer and sophomore Colby Larocca also factor into the passing game. Larocca also is getting snaps as a possible backup to Stewart.
There is less true experience on the defensive side but the unit has potential. Senior Will Coker is the lone returner along the front, but junior Joshua Frost and sophomore Garrett Andy are showing potential at end. Also working inside early on are senior Steven Heard and junior Tijeh Eaton.
Senior Parker Osborne is the most experienced linebacker, with senior Brayden Pate and sophomore Dominic Russell getting early season looks at the second level.
Corner Jonas McKeen is a veteran of the secondary, along with senior safety Keaton Cooley. Sophomore MJ Davis is showing well at the other corner.
“How quickly some of these young guys can grow up and play with confidence will determine our season,” Zehr said. “We just have a lot of question marks right now. Hopefully as we play more, the guys will become consistent for us.”
The Cobras open the season on Aug. 18 with a home game against defending Class AAA state champion Beaufort. Other non-region tilts are against Ashley Ridge, West Ashley and James Island - all on the road - and a home game against May River.
SUMMERVILLE — For the third straight season, the Summerville High wrestling team will wrestle for the Class AAAAA Lower State championship.The visiting Green Wave edged rival and host Cane Bay, 34-29, on Monday night to advance to Wednesday’s Lower State final against River Bluff, a 49-15 winner over Carolina Forest.Summerville will host River Bluff, and won the Lower State title two seasons ago before losing in the state championship. The Green Wave lost to Ashley Ridge in the Lower State finals last season....
SUMMERVILLE — For the third straight season, the Summerville High wrestling team will wrestle for the Class AAAAA Lower State championship.
The visiting Green Wave edged rival and host Cane Bay, 34-29, on Monday night to advance to Wednesday’s Lower State final against River Bluff, a 49-15 winner over Carolina Forest.
Summerville will host River Bluff, and won the Lower State title two seasons ago before losing in the state championship. The Green Wave lost to Ashley Ridge in the Lower State finals last season.
Summerville improved 24-2 on the season with the win, its second this season over Cane Bay. But, it wasn’t easy.
“It didn’t go as scripted, that’s for sure,” Summerville coach Darryl Tucker said. “There were some matches that did not go the way we had planned, but that happens. I am really proud of this team. This was a tough environment against a really good team and our kids found a way to get the win and move on.”
In Class AAA, Aynor defeated Beaufort by 53-29 to reach the Lower State final against Gilbert, a 40-39 winner over Waccamaw. In Class AAAA, Lugoff-Elgin topped James Island by 55-12.
Cane Bay opened the contest against Summerville with wins at 220 and 285. Will Coker earned a four-point win in the opening match and Andrew Tumbleston recorded a pin in eight seconds at 285 to give Cane Bay a quick 10-0 lead.
Summerville got a win at 106 as Landon Deaton picked up a decision to make the team score, 10-3. Xavier Anderson posted a major decision with a 15-3 win at 113, cutting Cane Bay’s team lead to 10-7.
Cane Bay then reeled off three straight wins, starting with JJ Peace’s 22-8 win at 120. Tyson Schirmer rallied from an 8-5 third period deficit and won 15-10 in overtime to give Cane Bay a 17-7 lead.
Lucas West’s pin at 132 pushed Cane Bay’s lead to 23-7, but then the Green Wave went to work.
Summerville won every remaining match of the night, starting with a technical fall by Ben Guilliam at 138 pounds. Preston Smith won at 145 to cut the margin to 23-15. Hasaan Williams got a pin at 152 and Jonah Haynes got a pin at 160 to push Summerville ahead, 27-23.
Steele Walker earned a major decision at 170 for a 31-23 Summerville lead. The Green Wave clinched the win with a victory by Mason Ayers at 182. Summerville forfeited the final match at 195 for the final four-point margin.
Quarterra Multifamily has broken ground on a 312-apartment home neighborhood called Emblem Cane Bay North in Summerville.Emblem Cane Bay North is the first joint venture between Quarterra and Nuveen Real Estate and is the first portion of the two-phase development, according to a news release. Emblem communities were created by Quarterra to ma...
Quarterra Multifamily has broken ground on a 312-apartment home neighborhood called Emblem Cane Bay North in Summerville.
Emblem Cane Bay North is the first joint venture between Quarterra and Nuveen Real Estate and is the first portion of the two-phase development, according to a news release. Emblem communities were created by Quarterra to make more attainable housing available to middle-income renters.
The garden-style community will feature 312 apartment homes within walking distance of the Cane Bay Plantation bike and pedestrian trails, with access to neighborhood schools, retail centers, dining, employment hubs and commuter routes, the news release said.
“Emblem Cane Bay North will offer a contemporary renter experience in a location that puts residents within easy reach of everything they need and everything Summerville has to offer,” Beach Corontzes, development manager for Quarterra, said in the release. “The Emblem brand means renters can expect more from their community in every aspect except price. We're thrilled to bring this remarkable community and renter opportunity to an already exceptional neighborhood.”
Situated at 44000 Owl Wood Lane, the site is in close proximity to retail centers like The Market at Cane Bay, North Creek Marketplace at Nexton, and The Shoppes at Nexton. Local dining options include Famuliari's Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Taco Boy, Halls Chophouse and Starbucks. Residents will be within easy reach of YMCA of Cane Bay, as well as local schools. Major employers in the area include Boeing, Volvo, WalMart, Mercedes Benz/Diamler, Bosch and Joint Base Charleston.
The property, at 44000 Owl Wood Lane, will include 520 surface parking spaces with 35 leasable garage spaces.
“We are excited about starting this relationship with Quarterra and delivering new apartments in the Charleston MSA, a leading growth market in the Sunbelt," Carlos Burneo, Nuveen's lead for housing development, said in the release. “Emblem Cane Bay North fits right in with our housing middle market rental strategy. It also aligns with our goals on housing development, focused on standardization and delivering a more attainable rental product.”
Emblem Cane Bay North units will consist of one-, two- and three-bedroom apartment homes, ranging from 738 to 1,434 square feet.
Residents will have access to a community clubhouse with indoor lounge, a swimming pool with a deck-side sunshelf, two outdoor grilling stations and an on-site dog park.
Paul Stoney and his staff have quietly built a massive state-of-the-art YMCA within the growing 4,500-acre Cane Bay housing community in Berkeley County. He calls it South Carolina’s best kept secret.“When people come here, they are amazed by what we have been able to do,” said Stoney, president and CEO of the YMCA of Greater Charleston and the Cane Bay Family YMCA near the development’s entrance.On a 69-acre tract of donated land, the 54,000-square-foot Cane Bay YMCA opened in May 2019 with a branch of ...
Paul Stoney and his staff have quietly built a massive state-of-the-art YMCA within the growing 4,500-acre Cane Bay housing community in Berkeley County. He calls it South Carolina’s best kept secret.
“When people come here, they are amazed by what we have been able to do,” said Stoney, president and CEO of the YMCA of Greater Charleston and the Cane Bay Family YMCA near the development’s entrance.
On a 69-acre tract of donated land, the 54,000-square-foot Cane Bay YMCA opened in May 2019 with a branch of the Berkeley County library system as well as a variety of indoor and outdoor fitness, sports, education programs and mental health services. An average of 3,600 people of all age groups and physical abilities enter this Y weekly, Stoney said.
The Y is a hopping place. A 25-meter swimming pool and basketball courts are used by Cane Bay High School and four nearby charter schools for a variety of sports and after-school programs. Swimming lessons are growing in popularity, especially among the physically challenged and underserved communities. Youth sports, including soccer, volleyball and basketball, serve more than 1,000 children each season. The Cane Bay Y is a regional tournament venue for a variety of youth and adult sports.
The Cane Bay Family YMCA is also near international manufacturers, such as Volvo, Boeing and Mercedes Benz. Their proximity and support gives the Y a solid membership base. Stoney stresses, however, membership is not restricted to Berkeley County residents. Charlestonians can join this Y, too.
Stoney’s Lowcountry YMCA experience began in downtown Charleston at 61 Cannon St. He gave up a high-level YMCA position in central Florida in 2006 to become the CEO and president of the YMCA of Greater Charleston, which included the Cannon Street YMCA Association. The Cannon Street Y, which is the nation’s oldest Black Y, was chartered in 1866 to teach formerly enslaved people to read and participate in physical fitness.
In addition to its longevity, the Cannon Street Y is remembered as the place that nurtured the Cannon Street All-Stars Baseball Team. It was ruled ineligible to compete in the 1955 Little League World Series because white teams refused to play with Charleston’s Black players.
Before Stoney arrived in Charleston,the Cannon Street Y merged with the predominantly white Christian Family YMCA at 21 George St. to form the YMCA of Greater Charleston.
Stoney, a native of Queens, N.Y., came to Charleston with 20 years in leadership posts at large metro YMCAs around the country. The top job at the Cannon Street Y presented him with the opportunity to open more Y facilities in the Lowcountry. Accepting the job, Stoney said, placed him for the first time in the leadership position at a historically African American YMCA “where my skills were needed [since] a number of them were closing.”
Stoney realized, however, that the Cannon Street Y’s building, erected in 1955 on a tiny lot, could not continue to serve a changing Black community within a gentrifying Charleston. Because of these forces, he said, the Y was losing about $250,000 a year for 10 years, he said. The organization’s board of directors made the difficult decision to sell the Cannon Street building for $2 million and move to Berkeley County. “If we didn’t get off Cannon Street, we would be dead on the vine,” he added.
In 2009, Stoney took over the management of a financially struggling Berkeley County YMCA in Moncks Corner.
As a result, Ben Grambling of Grambling Brothers developers asked Stoney what he would need to build a YMCA at Cane Bay. That conversation led to Grambling donating 69 aces for the Berkeley County facility along with $100,000 annually for 10 years. Funds for the $28 million building came from a bank loan secured by the U.S. Department of Agriculture’s rural development program. The Cane Bay Y still owes USDA $17 million over 36 years. The Y also received a $250,000 gift from McDonald’s franchise owner Carolyn Hunter-Heyward to build a swimming pool with easy access for people with disabilities.
In 2012, the Moncks Corner Y merged with the YMCA of Greater Charleston when it was on the verge of closing. It is still open, but it is again on the verge of closing.
“It has fallen in disrepair,” he said. “We have voted to sell that property.”
If the building is sold, Stoney said, the Y will continue to offer some services in the Moncks Corner area at a satellite facility.
Arguably the best female student-athlete in Cane Bay High School’s history applied the finishing touches to an impressive prep career in the Class AAAAA state track and field championships May 20 in Columbia.Senior jumper Alaina Nettles took the top spot on the awards podium in the long jump at Spring Valley High School and also scored points for the Cobras in two other jumps despite a time crunch state can present athletes in multiple events. She was fourth in the high jump and fifth in the triple jump.“I’ve ...
Arguably the best female student-athlete in Cane Bay High School’s history applied the finishing touches to an impressive prep career in the Class AAAAA state track and field championships May 20 in Columbia.
Senior jumper Alaina Nettles took the top spot on the awards podium in the long jump at Spring Valley High School and also scored points for the Cobras in two other jumps despite a time crunch state can present athletes in multiple events. She was fourth in the high jump and fifth in the triple jump.
“I’ve been here the whole 15 years and, in my mind, she’s definitely the best female athlete we’ve had,” Cane Bay track and field coach Greg Hall said. “She can do it all. She could have walked out there and started on the volleyball team or soccer team if she wanted to but it just happened that basketball and track and field were her two sports.”
This past winter, the Charleston Southern basketball signee reeled in Class AAAAA player of the year honors after leading the Cobras to a share of the Region 6-AAAAA title. She won the last two region player of the year nods, too.
“The great thing about Alaina is you don’t have to stay after her,” Hall said. “She’s self-motivated. She wants to be good at everything she does. It doesn’t matter what it is. We wanted to try to add the third jump, which was the high jump. She worked her butt off. I’ve never seen anybody like her. She’s all business. She doesn’t come to practice to play around.”
In track and field, Nettles advanced to the state meet her sophomore through senior seasons, eventually taking a first this spring. Her mark of 18 feet, quarter inch made her a state champion and replaced memories of prior close calls. Nettles also handled legs on the 4 x 400 relay that made it to state in 2021 and 2022.
“We weren’t surprised to see her win something,” Hall said.
Hall also credited Nettles for serving as a role model to younger athletes on the team, including eighth-grader Jalisa Craft. Following Nettles’ example, Craft was able to qualify for the state meet.
“Alaina took her under her wing and showed her what being businesslike looks like,” Hall said.
First-year jumps coach Austin Wallis played a role, too.
“He was a very big addition in the offseason,” Hall said. “He’s done a fantastic job on relating to the kids. He’s hard on them when it comes to the fundamental stuff. You saw it later in the year. It was just second nature to Alaina”
Iron Horses second, fourth
Philip Simmons High School’s track and field teams fared well in the Class AAA state track and field championships on May 20 at Lower Richland High School.
The girls team placed second in the state while the boys team placed fourth.
Madison Jent cleared 12 feet, 1 inch to finish first in the pole vault for the Iron Horses girls and Jeremiah Bonano won the triple jump for the Philip Simmons boys with a mark of 44 feet, 7 inches. Also, the Philip Simmons boys’ 4 x 400 relay team placed first in 3:24.40.