South Carolina First Time Home Buyer Grants

Hunting for South Carolina first time home buyer grants to purchase that home? Find the best first time home buyer grants South Caroline and other home mortgage grants on this page!

Are you considering the purchase of a home in South Carolina? Purchasing a home in any state is an exciting prospect!

Would you like to receive a grants money house? I am sure you would. Read on to find these home mortgage grants.

Before we get to the topic of first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to South Carolina, I don't want you to look too much like a tourist!) These facts were obtained from the State of South Carolina's official website.

• South Carolina's nickname is the "Palmetto State".

• On May 23, 1788, South Carolina became the 8th state to join the Union.

• Horry County is the largest county, with 1,133 sq. miles, while McCormick County is the smallest.

• The top agricultural crops of South Carolina are tobacco, cotton and soybeans.

• Want to know how South Carolina got its name? Well, "King Charles I of England granted the land on which South Carolina is located to Sir Robert Heath in 1629. The region was named Carolus, a word derived from the Latin form of Charles, in reference to King Charles.

  His son, King Charles II, changed the spelling of the region's name to Carolina in 1663, when he gave the land to the eight Lords Proprietors. During the 17th century the land to the south, in this grant, came to be called South Carolina and the area to the north, North Carolina.

  The two sections remained a single colony until they separated in 1710. The name of the land located to the south remained South Carolina."

If South Carolina is your choice, read on for information related to the South Carolina first time home buyer grants program.

First Time Home Buyer Grants South Carolina

To begin with, the State of South Carolina does offer a South Carolina first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains this program for South Carolina is South Carolina Housing Finance and Development Authority. Depending upon your income, there are several South Carolina first time home buyer grants for residents.

Applicants can obtain a Down Payment Assistance Loan in an amount up to $4,000. If you live in your home for five (5) years, the loan may be completely forgiven. Basically, this loan becomes a grant. You should visit this website to determine your eligibility.

Other Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in South Carolina. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications.

The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a grant you may qualify for down payment assistance. They are sometimes easier to obtain.

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