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SC Housing Homebuyer Program Down Payment Assistance

Quick answer

SC Housing Homebuyer Program Down Payment Assistance is a South Carolina down payment assistance program from SC Housing. It provides $10,000, forgiven after 15 years as a forgivable loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

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Who qualifies for SC Housing Homebuyer Program Down Payment Assistance?

For first-time buyers and eligible repeat buyers in targeted areas. Fully forgiven after 15 years in the home.

DetailProgram terms
Assistance$10,000, forgiven after 15 years
TypeForgivable loan
Minimum creditNot published on the program page
First-time buyerNot required
Income limitsSee official page

How does SC Housing Homebuyer Program Down Payment Assistance work with an FHA loan?

South Carolina's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $10,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://www.schousing.sc.gov/homebuyers/programs-homebuyers. Programs can pause when funds run out, so confirm availability with a participating lender.

“Borrowers receive $10,000 in assistance that is fully forgiven if they stay in the property for 15 years.” — SC Housing

← All South Carolina down payment assistance programs

Frequently asked questions

$10,000, forgiven after 15 years, according to SC Housing.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.