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South
Carolina
First Time Home Buyer
South Carolina has loss thousands of jobs over the last couple years and home
prices continue to fall. More businesses are filing for bankruptcy protection
and it may be awhile before the economy shows signs of stabilization. A South
Carolina first time home buyer could realize their dream of owning a home with
zero down payment and the government will pay an $8,000 bonus. What are you
waiting for?
Special
Programs
The My Community
South Carolina First Time Home Buyer Program Opens Doors for a
Fireman, Police Officer, Paramedic, Teacher, Healthcare Worker such as Nurse,
and Military Personnel.
This program features 3% down financing and you receive a $500 credit toward closing costs. Also, you can have use part-time or overtime income from last 12 months to qualify.
South Carolina First Time HomeBuyer FHA Program
Please visit
FHA mortgage limits
if your Metro Area doesn't appear below.
| Metro Area |
Single Family |
2-Unit |
3-Unit |
4-Unit |
| Hilton Head Island |
$387,500 |
$496,050 |
$599,600 |
$745,200 |
| Charleston |
$335,000 |
$428,850 |
$518,400 |
$644,250 |
| Topeka |
$271,050 |
$347,000 |
$419,425 |
$521,250 |
VA Program
Zero down payment up to $417,000 loan amount
If you served during wartime for at least 90 consecutiv  e days or
during peacetime for at least 181 consecutive days then you are
eligible for the VA Home Loan Program. If you are currently on
active duty then you are eligible for the program after 90 days of
active service. You are also eligible if you are on Reserve, as long
as you have served for at least six years, which can be
non-consecutive and in different branches of the Reserves. The
Reserve branches eligible for the VA Home Loan Program are Army
National Guard, Army Reserve, Air National Guard, Coast Guard
Reserve, Navy Reserve, Marine Corps.
South Carolina USDA Rural Program
Zero down payment with NO PMI or mortgage insurance. You must purchase home in
eligible county and there are maximum income limits. The income limit for
most counties is $73,600.
List of INELIGIBLE COUNTIES: Aiken, Anderson, Beaufort, Berkeley,
Charleston, Darlington, Dorchester, Florence, Georgetown, Greenville, Greenwood,
Horry, Lexington, Orangeburg, Pickens, Richland, Spartanburg, Sumter, and York.
Visit
USDA website to determine if a specific home is eligible for the program.
You will need full address with zip code.
South Caroline First Time Home Buyer Stats
| Property tax-low |
.57%-$570 per $100,000 |
| Average Home Listing Price |
$340,084 |
| Unemployment Rate |
11.7% |
| Fasted Growing Job Market |
Educational and Health Services, Government |
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