Few purchases give you a sense of pride and accomplishment like buying a new home. From white picket fences and lush green grass to cookouts with neighbors and holidays with the family, owning a home is magical. Like most great things, though, enduring the home-buying process takes a lot of work. There are many steps to take and difficult decisions to make along the way. One of the most crucial decisions is what type of home loan and mortgage broker to choose. Whether it's your first time buying a home or you're a seasoned owner with multiple properties, you will need a trusted mortgage broker in Ridgeville, SC, with your best interests at heart.
If you're like most people, you need a mortgage professional whose top priority is their customers - an expert who can provide accurate advice and guidance so you can make educated decisions. That's where Mija Mortgage comes into the picture.
Whether you want the best interest rates or don't know where to start in the home-buying process, Mija Mortgage can set you up in the right direction. From getting you pre-qualified to buy a home to securing a veteran's loan, Mija Mortgage is the trusted solution you need. As Ridgeville natives, we're proud to serve the Lowcountry and all of South Carolina with trusted mortgage brokerage services.
Unlike some mortgage companies in Ridgeville, SC, we bring years of high-level experience and insight to the table. Having worked with hundreds of clients during our time in business, we know you're probably going through a range of emotions right now. Buying a new home can be a scary process, especially for first-time buyers. That's why we make every effort to make ourselves accessible and available for clients. Our primary goal is to help you make the right mortgage for your family and your budget.
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:
Most people simply don't have access to the hundreds of thousands of dollars needed to purchase a home with cash. Instead, they take out a mortgage loan to buy a home. Unfortunately, many homebuyers are anxious to get the ball rolling and, due to their excitement, fail to shop around for the best mortgage rates. To some degree, avoiding this step makes sense, as it requires a lot of legwork and research to get the job done. For those not wanting to spend hours researching a reasonable mortgage, there's an alternative to consider - working with a mortgage broker.
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. Mija Mortgage, for example, has access to 50 different lenders, which gives us a wide range of home loans in Ridgeville, 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:
Most people choose to use a mortgage broker because they have access to different lenders and interest rates. But a great mortgage broker brings more to the table than a choice of lenders.
Save You from Unneeded Stress:One of the biggest advantages of hiring a mortgage broker is that they can find and vet loans while managing the mortgage process on your behalf. The best mortgage companies, like Mija Mortgage, hire brokers who are experts at keeping underwriting on track, coordinating with relevant parties, and handling all paperwork involved. At the end of the day, mortgage brokers save you stress and time and often expedite the closing process.
More Access: We touched on this earlier, but it bears repeating: A mortgage broker provides access to a range of loans, rates, and lenders. In fact, many mortgage brokers can get rates lower than what the average person could get from a lender.
Save You Money: There's a chance that your mortgage broker can get your mortgage fees reduced or waived by the lender, which could save you a good deal of money.
Help with Unfavorable Financial Situations: Expert mortgage brokers can often assist in challenging financial situations, like when a buyer has inconsistent income or less-than-perfect credit. Experienced brokers, like those at Mija Mortgage, are often aware of lenders willing to will work with nontraditional borrowers.
Provide Key Insights: Mortgage brokers share important insights, such as your chances for a home loan approval and exactly how much house you can afford. They can also save you from making costly mistakes based on their years of expertise in the mortgage industry.
While settling on the best type of home loan isn't as exciting as searching for the home of your dreams, it's equally important. Yes, your Mija Mortgage loan officer in Ridgeville, SC, will be happy to help explain the differences between home loans. But understanding the basics ahead of time will save you stress and time in the long run.
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 Mija 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 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.
Do you have questions about the complexities of mortgages and home loans? As your advocate, Mija Mortgage is here to answer any questions you have about mortgages and the home-buying process. We encourage you to call our office to speak directly with one of our mortgage experts or continue reading below for answers to some frequently asked questions.
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 Ridgeville, 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:
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.
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 Ridgeville, 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.
RIDGEVILLE, S.C. (WCIV) — Phase two of construction of the Campus 4 in Camp Hall Commerce Park is underway.The second phase involves the construction of a 1,123,360-sq-ft industrial facility on 110.6 acres of land.“We’re proud of the progress we’ve made on Phase I of this project, and our team is excited to carry that momentum through to Phase II. Camp Hall is an expertly planned, best-in-class park, and we’re honored to be involved in the full development of Campus 4," said Keith Horton, seni...
RIDGEVILLE, S.C. (WCIV) — Phase two of construction of the Campus 4 in Camp Hall Commerce Park is underway.
The second phase involves the construction of a 1,123,360-sq-ft industrial facility on 110.6 acres of land.
“We’re proud of the progress we’ve made on Phase I of this project, and our team is excited to carry that momentum through to Phase II. Camp Hall is an expertly planned, best-in-class park, and we’re honored to be involved in the full development of Campus 4," said Keith Horton, senior project manager at Frampton Construction.
Read More: Clyburn: $25M in federal funding for new railway tracks to support Camp Hall Commerce Park
The Camp Hall project was designed and promoted by Santee Cooper in partnership with the South Carolina Department of Commerce, Berkeley County, Edisto and Berkeley Electric Cooperatives, the South Carolina Power Team, the Charleston Regional Development Alliance, and the South Carolina Ports Authority.
“The full development of Campus 4 at Camp Hall Commerce Park gives Portman Industrial a substantial land position with state-of-the-art logistics facilities in the highly constrained Charleston market. Campus 4 provides us with the ability to target a diversity of tenants desiring smaller, single-load facilities that have been the hallmark of Charleston’s tenant demand,” says John Gaskin. “Campus 4 also fills a void in immediate supply of cross-dock logistics facilities of +/- 500,000 square feet and +1,000,000 square feet, which are in short supply in Charleston and desired by present and future port customers.”
Frampton Construction Company, LLC. is leading the construction project.
Read More: McMaster touts new Volvo Car University, electric vehicle investment in Ridgeville
Phase one of the Campus 4 construction is still underway. It includes three industrial facilities with a combined 940,000-sq-ft. That phase is over 60% leased at this time.
Last June, nearly two dozen miles of new railway track were given federal funding to the tune of $25 million.
The money was slated for the South Carolina Department of Commerce's Palmetto Railways division to construct approximately 22.7 miles of new track and related facilities. This will connect the Camp Hall Commerce Park in Ridgeville to the CSX multi-state rail network.
Read More: Volvo investing extra $118M into Ridgeville plant, expanding electric vehicle production
RIDGEVILLE, S.C. (WCBD) – A giant prehistoric whale flipper was discovered buried under several feet of mud in Dorchester County this week.The owner of Palmetto Fossil Excursions, Schuyler Andrulat, said it was a first for her… the first time she had found a whale flipper. The bones were found at the bottom of a pond under refurbishment in the Ridgeville area.“We made an astounding discovery in that this is the flipper of a very large baleen whale, probably somewhere around 2.5 million years, since we are in ...
RIDGEVILLE, S.C. (WCBD) – A giant prehistoric whale flipper was discovered buried under several feet of mud in Dorchester County this week.
The owner of Palmetto Fossil Excursions, Schuyler Andrulat, said it was a first for her… the first time she had found a whale flipper. The bones were found at the bottom of a pond under refurbishment in the Ridgeville area.
“We made an astounding discovery in that this is the flipper of a very large baleen whale, probably somewhere around 2.5 million years, since we are in the Waccamaw unit,” she said.
“I opened up a small area, and the first thing I came down on was at the end of the humerus and the end of the ulna bones,” explained Andrulat.
Andrulat has been searching for fossils most of her life.
“When I was two years old, I found my first shark teeth on Edisto Beach walking with my mother. And as I got older, she took me hunting at different locations along the coastal plain of South Carolina.”
She is now co-owner of Palmetto Fossil Excursions; they take people on fossil hunts at the 100-acre pit down the road in Dorchester County.
When they learned this lake was going to be deepened, they asked the property owner if they could look for any fossils and even bring some of the dirt to their property to be sifted through.
The discovery was made on Monday. They plan to donate the bones to the museum at the College of Charleston if they want them. Several other whale bones were also found in the pond.
Millions of years ago, the area where these bones were discovered would have been a shallow part of the ocean floor.
“Take a look at the top of the pine trees, that’s the way I like to describe it to people – imagine standing on the ocean floor and the surface of the ocean is all the way up there, right around where the pine trees are,” said Andrulat.
If you are interested in going on a fossil hunt, you can click here to learn more about the excursions.
A Charlotte-based real estate developer has revealed the next phase of a large mixed-use park in Ridgeville.Childress Klein, the project’s developer, and Altus Equity Group Inc., a real estate sponsor, operator and investment company, said the finalization of securing an $86.5 million loan needed for construction of their industrial project located in the Camp Hall Commerce Park has been arranged with New York Life Real Estate Investors, according to an Altus Equity Group Inc news release.This is said to be one of the lar...
A Charlotte-based real estate developer has revealed the next phase of a large mixed-use park in Ridgeville.
Childress Klein, the project’s developer, and Altus Equity Group Inc., a real estate sponsor, operator and investment company, said the finalization of securing an $86.5 million loan needed for construction of their industrial project located in the Camp Hall Commerce Park has been arranged with New York Life Real Estate Investors, according to an Altus Equity Group Inc news release.
This is said to be one of the largest historical spec build industrial projects within Charleston proper with the Camp Hall Commerce Park Campus 8, the next phase of the larger Camp Hall mixed-use park, equaling more than 1.4 million square feet, according to the release.
“While construction started in June of last year, we are pleased to announce the closing of our financing for this project,” said Matt Harper, partner at Childress Klein. “Despite some headwinds in the capital markets, we were able to secure attractive financing through New York Life Real Estate Investors and look forward to working with them to complete construction in the second half of this year.”
Camp Hall has been ranked by “Business Facilities Magazine’s” annual rankings as the No. 7 best industrial park in the nation in 2022 – and the only industrial park to make the list in the Southeast. Moreover, the project’s access to Interstate 26 provides convenient connection to the logistics and distribution capabilities of the Charleston market, including the Port of Charleston and Charleston International Airport, the release said.
“We are extremely excited about this project,” said Andrew Eicher, Altus Equity senior vice president. “Charleston is a strong economic center with growing industrial demand from manufacturing, logistics, and the continued growth of the Port of Charleston. There are many complications in a deal of this size, and we appreciate the attentiveness of the local and state governments to the project. In addition to our trusted local industry relationships, Camp Hall and Santee Cooper were instrumental in working through challenges as they arose during the pre-construction phases.”
Construction started in June upon purchase of the land, which was facilitated by Cushman and Wakefield’s Charleston Office. The Charleston office of Jones Lang LaSalle Inc has been selected as the leasing broker for the project by the combined management team, the release said.
Childress Klein has developed more than 51 million square feet of commercial real estate and owns assets valued at more than $3 billion.
“We continue to see opportunities in construction lending and look forward towards solidifying and expanding our relationships with top tier sponsors such as Childress Klein and Altus," said Elizabeth Roy, New York Life Real Estate Investors’ Structured Debt Team senior director.
RIDGEVILLE — The relocation of the Dorchester Heritage Center is slowly beginning, following a ribbon-cutting ceremony for the REV Pavilion.The Leadership Dorchester class, hosted by the Greater Summerville/Dorchester County Chamber of Commerce, helped by raising $60,000 to build the first structure of the new center: the REV Pavilion, which opened to the public Oct. 22. It was named for the REV Federal Credit Union, one of the sponsors for the project.The leadership class requires each year’s participants to do a p...
RIDGEVILLE — The relocation of the Dorchester Heritage Center is slowly beginning, following a ribbon-cutting ceremony for the REV Pavilion.
The Leadership Dorchester class, hosted by the Greater Summerville/Dorchester County Chamber of Commerce, helped by raising $60,000 to build the first structure of the new center: the REV Pavilion, which opened to the public Oct. 22. It was named for the REV Federal Credit Union, one of the sponsors for the project.
The leadership class requires each year’s participants to do a project that leaves a lasting impact on the county, said class member Rebecca Collett of Collett Media.
Collett said the class of 24 unanimously decided to help with the relocation and construction of the pavilion.
Justin Lee, a member of the class and executive director of operations at Gilbert & Lee Construction, said part of the reason the class chose the project was to feature nonprofits.
“We wanted to bridge the gap between western Dorchester County and the Greater Summerville area,” Lee said.
The leadership class had $7,000 left over from what it raised for the pavilion. It gave to the Heritage Center, which will honor the people in Dorchester County and help with historic grave preservation, Collett said.
“The center being located somewhat in the center of the county, I think it will gain lots of foot traffic since it’s in a very convenient place for everyone,” Lee said.
Lee anticipates breaking ground around March, and hopes to finish construction in the summer of 2024.
The Dorchester Heritage Center is a nonprofit that opened in 2014. Currently in the Dorchester County Courthouse in St. George, the center started small with just an archives genealogical library but grew to open a 4,000-square-foot museum in 2017.
Within 5½ weeks of the museum opening, over 3,000 people had visited. The center’s goal is to preserve the county’s history, said Phyllis Hughes, chairman of the Dorchester Heritage Center.
Over time, people began bringing in artifacts and all sorts of pictures, papers and rare books. After obtaining over 500,000 historical items, Hughes said they’ve outgrown the space, which led to a search for a new location.
They found and purchased an 81-acre site in Ridgeville, which is more convenient to the county as a whole and includes lots of space for new additions.
The new site will include a 20,000-square-foot center with indoor and outdoor event space, state-of-the-art archives, multipurpose conference rooms, a genealogy library, a museum and a green room, which will be used as a recording studio so “anyone can come in, sit down and tell their story.”
Outside of the heritage center, Hughes said there are other plans for the property. There will be walking trails, owl posts and birdhouses. The Boy Scouts will be involved with the wildlife aspect, with the opportunity to possibly monitor birdhouses on a monthly basis and earn merit badges, Hughes said.
“We want to become kind of a gateway to the county where people can come in and we can direct them to all the historic sites in our county,” Hughes said.
While waiting for the new facility to be built, the Dorchester Heritage Center will host classes throughout the county. On Nov. 17 at the community center in Ridgeville, it will kick off a new lecture series about the first Carolinians and will include the chiefs of the Edisto Natchez-Kusso and Wassamasaw Native American tribes as guest speakers.
Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.Published: Tue Oct 11 2022RIDGEVILLE, S.C. (WCSC) - Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.State officials gathered Tuesday to announce the official start of construction on seven miles between Jedburg Road and SC-27. SCDOT says the stretch initially was set to cost $218 million. But thanks to the legislatur...
Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.
Published: Tue Oct 11 2022
RIDGEVILLE, S.C. (WCSC) - Construction on Interstate 26, widening it to three lanes each way in parts of Berkeley and Dorchester Counties will begin soon.
State officials gathered Tuesday to announce the official start of construction on seven miles between Jedburg Road and SC-27. SCDOT says the stretch initially was set to cost $218 million. But thanks to the legislature approving $320 million in June, the project is being moved up an estimated six years.
Gov. Henry McMaster addressed the officials gathered saying South Carolina is booming in terms of business and tourism.
“In a nutshell, this is the product and the result of a vision, common sense, talent and determination by the people that are here today. That commerce is thriving in South Carolina and there really is no end in sight. We’re doing it right,” McMaster says.
SCDOT estimates more than 22 million vehicles use I-26 every year. That includes tourists, families, trucks and commuters. Rick Todd is the President & CEO of S.C. Trucking Association, a 90-year-old alliance of businesses. He calls I-26 the central nervous system of the State of South Carolina for tourism, commerce and commuters.
“Our transportation distribution and logistics sectors thrive on efficiency. Efficient use of time, equipment and fuel, all of which is very costly. So when this corridor opens up and spreads out, that velocity will become even greater. And that is the competitive advantage and the quality of life improvement that our leaders are investing in,” Todd says.
McMaster and others noted that as South Carolina grows as a hub for major business and manufacturing headquarters, the infrastructure needs to grow at the same rate. Sara Hazzard is the President & CEO of the S.C. Manufacturers Alliance. She says more than 5,000 call South Carolina home creating an estimated annual economic impact of more than $200 billion.
“As manufacturers continue to confront and tackle global supply chain disruptions, it is more important than ever that South Carolina to improve and modernize our state’s transportation infrastructure system which is critical to manufacturers’ success,” Hazzard says.
The stretch from mile marker 187 to mile marker 194 is all part of a nearly $2 billion investment widening from Charleston to Columbia. Bob Morgan is President & CEO of the S.C. Chamber of Commerce. He says South Carolina is the 10th fastest growing state in the country and projects like widening I-26 are an essential part of continuing to grow.
“This will help companies address the supply chain challenges that are so critical. It will help them get product to market faster. It will help all companies who enjoy the river of commerce here and elsewhere in our state.”
SCDOT awarded Banks Construction the bid for work. SCDOT Secretary of Transportation Christy Hall says the company is pledging that $13 million in work on this project will be done by small and minority-owned businesses with the majority of materials being sourced from South Carolina.
“All of that is homegrown and is amplifying the impact of a single road project. Think about that. The ramifications of what that investment does to our economy,” Hall says.
Hall says the state is looking forward to announcing more portions of the project next year.
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