Down Payment ASSISTANCE
PROGRAMS
Qualified Palmetto Heroes homebuyers may receive FHA, VA, USDA or Conventional financing with a competitive interest rate* and $10,000 in forgivable down payment assistance. Funding is limited, so if you’re considering buying a home, don’t wait. Call a participating lending partner or real estate professional to take advantage of this special program, or visit our website at: www.schousing.com/Home/Palmetto-Heroes
USDA Direct
Program directly through USDA that offers ZERO down and also ASSIST with your house payment each month if you qualify.
Schedule an appointment today for pre-qualification and application assistance.
The Downpayment and Closing Cost Assistance Community Funds Grant Program offers $1,000-$2,000 in forgivable grant money to eligible individuals and families.
These grants are designed to promote and preserve homeownership and permanent housing for homebuyers in the state of South Carolina.
Chenoa Fund
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Zero down programs
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No income limits!
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No borrower investment required
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Minimum FICO Score 620
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Borrower income, not household income
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Do not have to be a first time homebuyer (with the exception of our standard 97% conventional)
Acopia's
My HOME 100+
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100% FHA financing
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No income limits!
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No origination points!
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Do not need to be a first time homebuyer
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No homebuyer education required
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Funds can be used for closing costs
and/or a rate buydown reduction
VA LOANS
Zero down payment loans
Available to veterans or active-duty members of the U.S. Armed Forces
No monthly mortgage insurance (MI)
STATE DPA Programs
Grants or low- or no-interest loans that cover down payments. Some DPA funds can be used for closing costs, too
Vary per state
USDA Loans
Zero down. 30 yr. fixed rate loans with no prepayment penalty are the norm
Limited to rural areas, but you might be surprised at some suburbs that qualify
Minimum cash to close