South Carolina Homebuyer Program

LOAN OPTIONS

South Carolina Homebuyer Program

sc homebuyer prorgam
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LOAN OPTIONS

South Carolina Homebuyer Program

South Carolina Homebuyer Program

The South Carolina Homebuyer Program helps eligible low-to-moderate income individuals and families achieve homeownership through affordable mortgage financing and down payment assistance opportunities.

Purchasing a home often requires significant upfront costs, including a down payment and closing expenses. This program is designed to help reduce those barriers by providing eligible borrowers with access to fixed-rate mortgage financing and assistance that may be used toward closing costs.

Whether you're purchasing your first home or returning to the housing market, the South Carolina Homebuyer Program may help make homeownership more attainable.
 

County Eligibility Requirements

Non-Targeted Counties

Borrowers purchasing in the following counties generally must be first-time homebuyers or have not owned a principal residence during the previous three years:

  • Aiken, Anderson, Charleston, Greenwood, Greenville, Lancaster, Lexington, Oconee, Pickens, Richland, Spartanburg and York

 

Targeted Counties

Borrowers purchasing in designated targeted counties may qualify without being first-time homebuyers, provided they do not own a home at the time of closing:

  • Abbeville, Allendale, Bamberg, Barnwell, Beaufort, Berkeley, Calhoun, Cherokee, Chester, Chesterfield, Clarendon, Colleton, Darlington, Dillon, Dorchester, Edgefield, Fairfield, Florence, Georgetown, Hampton, Horry, Jasper, Kershaw, Laurens, Lee, McCormick, Marion, Marlboro, Newberry, Orangeburg, Saluda, Sumter, Union and Williamsburg

 

Source: SC Housing Homeownership Program Handout

Homebuyer Education Requirement

  • All recipients of down payment assistance must complete an approved homebuyer education course prior to loan approval.
  • Homebuyer education helps borrowers better understand the responsibilities of homeownership, the mortgage process and long-term financial planning.
  • For additional program details and eligibility requirements, SC Housing Homebuyer Program | South Carolina Housing

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United Bank is not endorsed by, sponsored by, or affiliated with any government agency or program.

United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
United Bank and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.