FIRST TIME HOME BUYER PROGRAMS SOUTH CAROLINA

FHA First Time Home Buyer Programs have been helping South Carolina residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS SOUTH CAROLINA

A knowledgeable & licensed South Carolina 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to South Carolina First Time Buyers.

South Carolina First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in South Carolina with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

South Carolina USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in South Carolina & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in South Carolina

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

South Carolina Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in South Carolina

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

South Carolina FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

South Carolina FHA Lending Limits 2017

FHA Home Loans South Carolina

FHA First Time Home Buyer Programs have been helping South Carolina residents since 1934 

A knowledgeable & licensed South Carolina FHA Lender can offer you a better loan including:

  • Low down payments (if any)

  • Low closing costs

  • Easy credit qualifying

  • 48 hour Streamline Refinancing

How it works:

√   Determine the best type of FHA loan that best fits your needs

√   Complete an easy 2 minute form

√   An FHA Loan Specialist will respond within 1 business day.

√   Review with no obligations your loan approval and locked rate. 

           

             Free Online Application

  • As of January 1, 2016, Borrowers can finance 96.5% of the purchase price and put down only 3.5 percent. In some instances, when combined with other types of loans, the down payment can be zero.

  • Allowable refinance up to 115% of your homes value.

  • Let us help roll your closing costs into your loan total.
 

South Carolina FHA Lending Limits 2017

South Carolina Median Home Sale Price Price $175,000

 

County Name Single Duplex 3 Unit 4 Unit
ABBEVILLE $275,665 $352,950 $426,625 $530,150
   GREENWOOD, SC
AIKEN $275,665 $352,950 $426,625 $530,150
   AUGUSTA-RICHMOND , GA-SC
ALLENDALE $275,665 $352,950 $426,625 $530,150
   NON-METRO
ANDERSON $275,665 $352,950 $426,625 $530,150
   GREENVILLE-ANDERSON-MAULDIN, SC
BAMBERG $275,665 $352,950 $426,625 $530,150
BARNWELL $275,665 $352,950 $426,625 $530,150
BEAUFORT $350,750 $449,000 $542,750 $674,500
   HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, S
BERKELEY $357,650 $457,850 $553,450 $687,800
   CHARLESTON-NORTH CHARLESTON, SC
CALHOUN $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
CHARLESTON $357,650 $457,850 $553,450 $687,800
   CHARLESTON-NORTH CHARLESTON, SC
CHEROKEE $275,665 $352,950 $426,625 $530,150
   GAFFNEY, SC
CHESTER $280,600 $359,200 $434,200 $539,600
   CHARLOTTE-CONCORD-GASTONIA, NC-SC
CHESTERFIELD $275,665 $352,950 $426,625 $530,150
CLARENDON $275,665 $352,950 $426,625 $530,150
COLLETON $275,665 $352,950 $426,625 $530,150
DARLINGTON $275,665 $352,950 $426,625 $530,150
   FLORENCE, SC
DILLON $275,665 $352,950 $426,625 $530,150
DORCHESTER $357,650 $457,850 $553,450 $687,800
   CHARLESTON-NORTH CHARLESTON, SC
EDGEFIELD $275,665 $352,950 $426,625 $530,150
   AUGUSTA-RICHMOND , GA-SC
FAIRFIELD $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
FLORENCE $275,665 $352,950 $426,625 $530,150
   FLORENCE, SC
GEORGETOWN $327,750 $419,550 $507,150 $630,300
   GEORGETOWN, SC
GREENVILLE $275,665 $352,950 $426,625 $530,150
   GREENVILLE-ANDERSON-MAULDIN, SC
GREENWOOD $275,665 $352,950 $426,625 $530,150
   GREENWOOD, SC
HAMPTON $275,665 $352,950 $426,625 $530,150
   NON-METRO
HORRY $275,665 $352,950 $426,625 $530,150
   MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH,
JASPER $350,750 $449,000 $542,750 $674,500
   HILTON HEAD ISLAND-BLUFFTON-BEAUFORT, S
KERSHAW $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
LANCASTER $280,600 $359,200 $434,200 $539,600
   CHARLOTTE-CONCORD-GASTONIA, NC-SC
LAURENS $275,665 $352,950 $426,625 $530,150
   GREENVILLE-ANDERSON-MAULDIN, SC
LEE $275,665 $352,950 $426,625 $530,150
LEXINGTON $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
MARION $275,665 $352,950 $426,625 $530,150
MARLBORO $275,665 $352,950 $426,625 $530,150
   BENNETTSVILLE, SC
MCCORMICK $275,665 $352,950 $426,625 $530,150
NEWBERRY $275,665 $352,950 $426,625 $530,150
   NEWBERRY, SC
OCONEE $275,665 $352,950 $426,625 $530,150
   SENECA, SC
ORANGEBURG $275,665 $352,950 $426,625 $530,150
   ORANGEBURG, SC
PICKENS $275,665 $352,950 $426,625 $530,150
   GREENVILLE-ANDERSON-MAULDIN, SC
RICHLAND $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
SALUDA $275,665 $352,950 $426,625 $530,150
   COLUMBIA, SC
SPARTANBURG $275,665 $352,950 $426,625 $530,150
   SPARTANBURG, SC
SUMTER $275,665 $352,950 $426,625 $530,150
   SUMTER, SC
UNION $275,665 $352,950 $426,625 $530,150
   SPARTANBURG, SC
WILLIAMSBURG $275,665 $352,950 $426,625 $530,150
YORK $280,600 $359,200 $434,200 $539,600
   CHARLOTTE-CONCORD-GASTONIA, NC-SC