Forgivable loan of up to $20,000 (Beaufort
County) or $10,000 in other counties
available through the SC Housing Trust Fund
on a “needs basis.” Loan is forgivable
(5% per year) if you occupy your
home for 20 years; otherwise,
a recapture provision applies.
Income
must be less than or equal to 80% of the HUD
Median Family Income for County of purchase.
Must
attend an approved financial education
class.
Condos
and modular homes eligible.
Federal Home
Loan Bank of Atlanta
Federal Home Loan Bank of Atlanta often has
grant monies available. Check with your
lender. (Ask for FHP, 5:1 matching.)
USDA-Rural Development offers direct and
guaranteed loans. Call (834) 549-1822 for
more information.
ASK about:
o
Application fees
o
Discounted professional fees
o
Lenders’ in-house grant programs.
NOTE: NOT
ELIGIBLE FOR FUNDING
Funding
programs are not always available based on
budget cycles, demand, etc. When you are
ready to pre-qualify for a loan and look for
a home, please contact Lowcountry CDC for
the most current information and
availability of funds:
Homebuyer Education Program
(843) 681-4484
Beaufort County HUD Median
Family Income
Limits (80%) (in Dollars)
Also referred to as “Low Income”
Effective March 8, 2006- unchanged
March 2007
|
1
person |
2
persons |
3
persons |
4
persons |
5
persons |
6
persons |
7
persons |
8
persons |
|
35300 |
40300 |
45350 |
50400 |
54450 |
58450 |
62500 |
66550 |
Allendale, Colleton, Hampton & Jasper County
HUD Median
Family Income
Limits (80%) (in Dollars)
Also referred to as “Low Income”
Effective March 8, 2006-
unchanged March 2007
|
1
person |
2
persons |
3
persons |
4
persons |
5
persons |
6
persons |
7
persons |
8
persons |
|
26100 |
29850 |
33550 |
37300 |
40300 |
43250 |
46250 |
49250 |
Printable Version
Determining Who Needs Down Payment Assistance
(Examples)
