South Carolina State Housing Program

At CBM Mortgage, we’re thrilled to introduce the SC Housing Homebuyer Program, a remarkable opportunity for individuals and families in South Carolina to achieve their dream of homeownership. With a variety of fixed-rate mortgage options, including FHA, VA, USDA, and conventional loans, this program offers forgivable down payment assistance (DPA) designed to make buying your first home more accessible. We’re here to help you navigate these programs and set you on the path to affordable homeownership in South Carolina.

SC Housing Homebuyer Program – Your Key to Affordable Homeownership

The SC Housing Homebuyer Program is your gateway to becoming a homeowner in the beautiful state of South Carolina. This program provides first-time homebuyers with forgivable down payment assistance (DPA) that can be used for down payments and closing costs. Here’s what you need to know to qualify for this fantastic opportunity:


In Non-Targeted Counties:

  • The borrower must be a first-time homebuyer OR have not owned a principal residence in the three (3) years preceding the loan closing date.
  • FHA loans require a 3.5 percent down payment, with a maximum Loan-to-Value (LTV) of 96.5 percent of the lesser of the sales price or appraised value.
  • The minimum credit score required is 620.

In Targeted Counties:

  • The borrower must not own a home or have any ownership interest in a home at the time of closing.

Conventional loans with 97% LTV require a 3 percent down payment, with a maximum Loan-to-Value (LTV) of 97.0 percent of the lesser of the sales price or appraised value. These loans offer reduced mortgage insurance requirements and a minimum credit score of 640.

Additional Loan Options

  • The SC Housing Homebuyer Program offers a variety of loan options to suit your specific needs:
  • 100% Loan-to-Value (LTV) USDA RHS loans are available with a minimum credit score of 640.
  • 100% Loan-to-Value (LTV) VA loans are also available with a minimum credit score of 640.
  • All loans come with a standard 30-year term to ensure manageable monthly payments.

Down Payment Assistance

For those who qualify, second mortgage loans are available as part of the down payment assistance program. These loans offer forgivable down payment assistance, helping you secure your new home with ease.

With the maximum home price limit set at $395,000, this program opens the doors to homeownership for many in South Carolina, providing a pathway to affordable living.

CBM Mortgage – Your Trusted Partner in South Carolina Housing Programs

At CBM Mortgage, we’re committed to helping you navigate the SC Housing Homebuyer Program and all of its offerings. Our expert team is dedicated to providing personalized service and guiding you through the process of becoming a homeowner in South Carolina. Don’t miss out on this incredible opportunity to make your homeownership dreams a reality. Contact us today to learn more and embark on your journey toward affordable homeownership with CBM Mortgage — or start an application online now:

Additional terms and conditions apply. All approvals subject to underwriting guidelines. Not all applicants will qualify.
This is an advertisement and not a commitment to lend.