Recent Graduate Buys 1st Home with
SC Housing’s Help
Erica Mijon is proud to say that she was the first of her friends to become a homeowner.
Erica is originally from Florida but stayed in Columbia after graduating from the University of South Carolina and falling in love with the campus. Following her graduation in May 2020, she started to look around for housing options.
As a young professional working for an insurance company, Erica had to consider the likelihood of working from home. Homebuying was the best choice for her so that she could work from home and take care of her dogs, Harley and Bear.
The timing was perfect for Erica to buy a home – interest rates were low, she had a solid down payment saved up and the homebuying process was much more accessible than she realized. She got in touch with a real estate agent who referred her to Guild Mortgage lenders. At Guild, a lender recommended she apply for SC Housing’s first-time homebuyer program.
Erica qualified and the program helped cover her down payment, providing additional financial security for her future.
“Because SC Housing had the homeowner’s program, I kept my savings while covering my down payment. It worked out well for me,” Erica said.
The savings that Erica didn’t use on her down payment were used to furnish her home and purchase necessary appliances. Thanks to the program, she is thoroughly enjoying homeownership. She has her own space and doesn’t have to worry about noise from neighbors while working from home. She can take care of her dogs in her spacious backyard and doesn’t have to worry about them interrupting important meetings.
“I couldn’t speak more highly of owning a home right now,” Erica said. “I feel balanced and like I have a great foundation to start from. I don’t have to worry about the next couple years.”