Mortgage Broker in Nexton, SC

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 Mija 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, Mija is the team you can trust.

Here are just a few reasons why home buyers choose Mija Mortgage:

No Additional Fees

No Additional Fees- Providing our client's services free of charge, using a mortgage broker like Mija Mortgage can help you scout the best price on loans without a hefty price tag.

Access to 50 Lenders

Access to 50 Lenders- With access to a range of loans and interest rates available, Mija Mortgage can shop for the best loans for your unique needs.

Accessible to Our Clients

Accessible to Our Clients- Providing a transparent and communicative service to all our clients, Mija Mortgage ensures all phone calls are answered or returned in a timely manner.

Setting You Up for Success

Setting You Up for Success- Helping you prepare all your documents for pre-approval and the loan application, Mija Mortgage will provide you with all the necessary information to secure the best loan.

Contact Us For Service !

Free Consultation phone-number (843) 822-5685

To understand the benefits of working with a mortgage broker, you must first understand their role in the home-buying process.

What Does a Mortgage Broker Do?

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. Mija Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Nexton, 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.

Help with the Pre-Approval Process

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:

  • Two Years of W2 Forms
  • 30 Days of Pay Stubs from Employer
  • 60 Days of Bank Statements
  • A Valid Driver's License

Conventional Mortgages

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.

Mortgage Broker Nexton, SC
Mortgage Broker Nexton, SC

FHA Loans

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 Mija Mortgage today to learn more about FHA loans and whether or not they're best for your financial situation.

USDA Loans

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.

Mortgage Broker Nexton, SC
Mortgage Broker Nexton, SC

Veteran Mortgages

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 Mija 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 Nexton, 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 Mija 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:

  • Do not become a co-signer on a loan with someone else.
  • Do not quit or change your job.
  • Do not apply for new credit cards, automobile loans, or any other lines of credit.
  • Do not use your credit card to pay for large purchases, like furniture for your new house.
  • Do not avoid payments on current lines of credit, loans, or utility bills.

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 Mija Mortgage ASAP, as loan rates change frequently.

Mija Mortgage: Turning Dreams into Reality, One Mortgage at a Time

Head-bottom

Here at Mija 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 Nexton, 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.

Contact Us For Service !

phone-number (843) 822-5685
Mortgage Broker Nexton, SC

Latest News in Nexton, SC

Sales tax could help fund new schools in Berkeley County

BERKELEY COUNTY, S.C. (WCBD) – The school board in Berkeley County will discuss several new school projects during a meeting Tuesday night.The first phase of several projects for the Berkeley County School District is a plan to construct a new elementary school at the corner of Black Tom Road and Cane Bay Boulevard.Darlene Thigpen and her husband, Gary, purchased a home in the Nexton community when moving to the Lowcountry from New York.“It’s a weird story,” she said. “My husband looked on G...

BERKELEY COUNTY, S.C. (WCBD) – The school board in Berkeley County will discuss several new school projects during a meeting Tuesday night.

The first phase of several projects for the Berkeley County School District is a plan to construct a new elementary school at the corner of Black Tom Road and Cane Bay Boulevard.

Darlene Thigpen and her husband, Gary, purchased a home in the Nexton community when moving to the Lowcountry from New York.

“It’s a weird story,” she said. “My husband looked on Google Maps, found out there was water here, and we just decided to move here from New York – that’s how we picked Nexton.”

But there is one minor issue: their middle school-aged son attends classes at a different school from the one they expected.

“Well, they actually do need another school in this area because actually, this area is booming. We have a son who’s 13 and he goes to Sangaree which is on the other side of town,” she explained. “When we moved here, we were just assuming he was going to go to Cane Bay, but it’s overcrowded so they actually do need a school in this area.”

The overcrowding is why Berkeley County residents passed a sales tax referendum to build new schools. The district anticipates about $385 million from the one-cent tax that begins in March.

School board members are set to discuss, and possibly pass, approval for phase one of that plan during a meeting Tuesday night. The plan would build a new middle, or possibly even K-8 school at the corner of Nexton Parkway and Blueway Avenue.

A new elementary school would be built at the corner of Cane Bay Parkway and Black Tom Road. Hanahan Middle School would have a new wing built as part of that phase.

Another K-8 school and major renovations at several other schools are planned for later phases to address the growing population in the district.

Darlene and Gary say they are looking forward to the new school in Nexton.

“We’re happy to have the school in the area. The kids need a school, someplace to go. I mean look at all the homes they are building back there,” said Gary Thigpen.

The regular session of Tuesday night’s school board meeting is expected to begin around 6:30 p.m.

Terwilliger Pappas Opens Solis Nexton in Summerville, SC

SUMMERVILLE, S.C., July 21, 2022 (GLOBE NEWSWIRE) -- Terwilliger Pappas, one of the Southeast’s premier multifamily property developers, is nearing completion on Solis Nexton, adding to its roster of 32 complete properties. Under the company’s marquee Solis brand, the newest property features 320 apartment homes in the Nexton neighborh...

SUMMERVILLE, S.C., July 21, 2022 (GLOBE NEWSWIRE) -- Terwilliger Pappas, one of the Southeast’s premier multifamily property developers, is nearing completion on Solis Nexton, adding to its roster of 32 complete properties. Under the company’s marquee Solis brand, the newest property features 320 apartment homes in the Nexton neighborhood of Summerville. The project team includes Summit Contracting, Group 4 Architecture, Cline Design Associates, Seamon Whiteside and management company, Lincoln Property Company.

Welcoming home its first residents on July 29th, Solis Nexton offers contemporary finishes such as granite countertops, stainless steel appliances, custom kitchen islands with sleek shaker-style cabinetry and modern hardware. Solis Nexton’s extensive amenity list includes a saltwater pool, expansive fitness center and yoga studio, local hot and cold brew coffee on tap, community dog park and pet spa, and a business center brimming with work from home opportunities. The community is located just steps from Nexton Square, placing residents moments from Nexton’s premier attractions such as Hall’s Chophouse, Taco Boy, Poogan’s Porch, and Page’s Okra Grill.

“Solis Nexton will provide our residents the full complement of amenities found in all of our Solis communities while honing in on the signature neighborly spirit of Nexton,” said Tom Barker, Regional CEO of Terwilliger Pappas. “Positioned minutes from top employers, schools, conveniences, entertainment, and walkable to all the perks of Nexton Square, living at Solis Nexton puts residents at the pulse of the Nexton community, and we are excited and honored to be the newest addition to the neighborhood.”

Lincoln Property Company will serve as the management company and has already begun pre-leasing apartment homes at Solis Nexton. Lincoln currently manages 11 active communities in the Charleston area and is thrilled to be working with Terwilliger Pappas and the Nexton team on this project. “We are looking forward to welcoming the first members of the ‘inner circle’ here at Solis Nexton later this July,” said Danielle Lombardi, Business Manager at Solis Nexton. “This community is truly a place to enjoy the brighter moments and we’ve really perfected the resident experience to be one that is second to none in the Summerville submarket.”

To explore the collection of studios, one-, two- and three- bedroom offerings at Solis Nexton- visit: 6000 Front Street | Summerville, SC 29486 or call to schedule your tour today: (854) 300-4913. You may also visit the community online and explore virtual touring options at: www.solisnexton.com.

For more information on Terwilliger Pappas or its 32 properties, please visit www.terwilligerpappas.com.

About Terwilliger Pappas

Founded in 2013 by J. Ronald Terwilliger and Peter A. Pappas, Terwilliger Pappas develops best-in-class multifamily apartment communities in the Southeast’s most appealing submarkets. Terwilliger Pappas communities are identified by their marquee brand, Solis, and reflect the company’s elevated design emphasis resulting in the highest quality communities for residents, investors, and partners. Terwilliger Pappas is based in Charlotte, with regional offices in Raleigh and Atlanta.

About Solis Nexton

Solis Nexton is a vibrant community in the heart of the award winning, master- planned Nexton community. Enjoy our contemporary aesthetic, ideal amenities, and neighborly atmosphere while just steps away from renowned restaurants, shopping, and entertainment. At Solis Nexton, you’ll live a bit brighter. Welcome home.

About Lincoln Property Company

Lincoln Property Company was founded in 1965 by Mack Pogue as a builder and operator of high-quality residential communities. Headquartered in Dallas, Lincoln focuses on real estate investment, construction and development, in addition to property management. In 2019, Lincoln Property Company’s residential division formed a strategic partnership with Cadillac Fairview (CF), a globally focused owner, operator, investor, and developer of best-in-class retail, office, residential, industrial and mixed-use assets. Wholly owned by the Ontario Teachers' Pension Plan, CF manages in excess of $36 billion of assets across the Americas, Asia, and the United Kingdom, with further expansion planned into Europe. Lincoln is currently the second largest multifamily manager in the United States with more than 210,000 units under management. For more information about Lincoln Property Company, please visit www.lincolnapts.com/business-services.

Media Contact:Tom BarkerTerwilliger Pappastbarker@terwilligerpappas.com919-585-5191

SC boasts 3 of 50 top-selling master-planned communities in US; 2 are in Charleston area

You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.At the mid-year point, South Carolina boasts three of the ...

You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.

At the mid-year point, South Carolina boasts three of the top-selling 50 master-planned communities in the U.S.

RCLCO Real Estate Consulting ranked Cane Bay Plantation in Berkeley County at No. 5 with 525 sales during the first six months of 2022. That’s down 9 percent from last year’s midpoint.

Nexton, also in Berkeley, came in at No. 22 with with 308 sales, down 5 percent from the first six months of last year.

Latitude Margaritaville in Hardeeville near Hilton Head Island ranked No. 39 with 234 sales, down 29 percent from last year from January through June.

The top-selling, master-planned community continues to be The Villages, between Ocala and Orlando, Fla. It had about 1,500 sales, down 25 percent from last year at the midpoint.

Almost all of the top 50 are in the southern tier of states. Texas posted the most with 20, Florida landed 15, Nevada had four, California and Arizona saw three each, and Utah and Washington state notched one each.

Total new home sales among the 50 top-selling master-planned communities declined by 18 percent in the first half of 2022 compared to the same time period last year, according to RCLCO.

“Supply chain issues and inadequate new home inventory have continued to pose problems for developers, as price increases and interest rate hikes have begun to impact traffic from potential buyers in recent months,” RCLCO said in its mid-year report.

Nationally, the average price among all new single-family homes is up 15 percent since mid-2021.

“The results of this updated mid-year report confirm that supply chain disruptions continue to have an impact on the ability of master-planned communities to meet new home demand, though climbing interest rates and price appreciation​​​​​​​ have begun to have an impact on that demand, at least in the near-term,” said RCLCO principal Karl Pischke.

“However, it is important not to overreact to the slowing of sales seen over the last year, as these are still short-term trends,” he said.

“The long-term future of the for-sale housing industry, as evidenced by favorable demographic tailwinds, is strong,” Pischke said. “And the future of master-planned communities, particularly in their ability to capture an outsized share of buyer demand during uncertain or difficult economic times, provides another reason for optimism.”

An affiliate of King and Society Real Estate of Charleston bought the 1.5-acre parcel in 2019 for $1.25 million and plans to open a 38-room new lodging​​​​​​​ with a restaurant and other amenities on the edge of Beresford Creek.

4427: Address on Spruill Avenue in North Charleston for a new alcohol-making business called Wind & Waves​​​​​​​ Brewing.

28,200: Square footage of new Buy Buy Baby store soon to open in North Charleston. It’s the company’s second store in South Carolina.

5,703: Square footage of new sports bar The Natural coming to Johns Island, tentatively in mid-August.

+ Sold: The historic Two Meeting Street Inn changed hands earlier this month for nearly $7.7M. It’s had just two previous owners in its 131-year history.

+ The scoop: Jeni’s Splendid Ice Creams plans to open a second Charleston-area venue in Mount Pleasant Towne Centre.

+ Breaking ground: Charleston kicks off work on $42 million affordable senior housing complex​​​​​​​ at former Archer School.

Developers Capital Square and Method Co. plan to open the 50-room ROOST Apartment Hotel​​​​​​​ by early 2024 at the site of the former Dixie Furniture Store at 529 King St. in downtown Charleston.

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Next in Nexton: Office and commercial condos coming to Summerville area development

You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.A new office and commercial condominium ...

You’re seeing The Post and Courier’s weekly real estate newsletter. Receive all the latest transactions and top development, building, and home and commercial sales news to your inbox each Saturday here.

A new office and commercial condominium development is coming to Summerville.

Atelier Downtown Nexton is planned by an affiliate of New Jersey-based Sharbell Development on 7.5 acres on Brighton Park Boulevard off of U.S. Highway 17A.

Located in the developing mixed-use Nexton community, the project″s campus-like setting will include multiple two-story buildings up to 18,000 square feet. Office, service and commercial space will be for sale or lease.

“The design for Atelier Downtown Nexton was inspired by a modern think-tank environment with common green spaces and connectivity to the surrounding community,” said Thomas Troy, president of Sharbell Nexton LLC.

He called the finished product a place “where work happens, creativity thrives and people want to be.”

The project is expected to break ground later this year, with the first phase completed in 2024.

Bridge Commercial will provide leasing and sale services for Atelier Downtown Nexton.

Downtown Nexton is a nearly 100-acre development between Sigma Drive and Brighton Park Boulevard. When completed, it will provide retail, dining, hospitality, residential, service, office and commercial options within walking distance of many of Nexton’s neighborhoods.

Previously announced plans include The Ames multifamily community, The Lofts mixed-use development and Daybreak Market and Fuel.

A six-story building with 134 studio-only apartments is planned on Spring Street in downtonw Charleston.

11: Number of new gates proposed in the 20-year expansion plan for Charleston International Airport.

19: Number of Chick-fil-A restaurants now serving the Charleston area after the recent opening of a new restaurant in Berkeley County.

26: Number of years women’s clothing store Ellington​​​​​​​ has operated in Charleston before recently moving off the peninsula.

+ Rezoning rejected: Developers’ plans to build a 150-unit apartment project on Charleston’s upper peninsula, where a restaurant and bar operate, hit a roadblock Oct. 19 when the Planning Commission unanimously opposed the change in land use.

+ Eyes have it: A national eyewear company recently opened its second Charleston-area location and 10th in South Carolina.

Patriots Annex is a 31-acre development at Patriots Point and will include a mix of hotels, offices, shops, conference center, amphitheater, parking decks, park and a boardwalk. The Grand Patriot Hotel, in background, will serve as the centerpiece of the new multiyear project.

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