SC Housing Offers Homeownership Incentives to Rural Communities
SC Housing’s County First Initiative is sweetening the pot for homebuyers living in 20 rural counties throughout the state. September’s launch of the initiative draws first-time and move-up borrowers with down payment assistance and a special fixed rate for financing.
Claude Spurlock, Business Development Manager at SC Housing, said the agency identified counties where we had marginal activity/investment in certain targeted areas, and it stepped up the incentives to offer more help.
The County First Initiative includes up to $8,000 in forgivable down payment assistance and a low fixed interest rate. Consult a participating lender or SC Housing for current rates. Properties that can be financed include single-family residences, condominiums, townhomes, and modular homes. Borrowers can choose FHA, Conventional, USDA, or VA financing.
County First funding is available to homebuyers in the following counties: Abbeville, Allendale, Bamberg, Barnwell, Calhoun, Chesterfield, Clarendon, Colleton, Dillon, Edgefield, Fairfield, Georgetown, Hampton, Jasper, Lee, Marion, Marlboro, McCormick, Newberry, or Williamsburg counties.
SC Housing offers similar incentives through its SC Homebuyer Program in the Palmetto State with down payment assistance up to $7,000. For more information visit SCHousing.com or send inquiries to firstname.lastname@example.org.