Carolina Trust First-Time Homebuyer Mortgage

Administered by: Carolina Trust Federal Credit Union · Nonprofit · Grant

Funding status: Active

How much assistance

100% financing up to $600,000 with no PMI (Grant)

Eligibility

  • Purchase price limit: $600,000
  • First-time buyer required: Yes — Must not have owned a primary residence or been listed on a deed in the past 3 years.
  • Credit score minimum: 640
  • Geographic restrictions: Must be a Carolina Trust Federal Credit Union member. Branches located in the Myrtle Beach and Grand Strand area.
  • Homebuyer education required: No

How to Apply for Carolina Trust First-Time Homebuyer Mortgage

Step 1: Contact Carolina Trust Federal Credit Union at (843) 448-2133 or apply online at carolinatrust.org. Must be employed in the same line of employment for at least 2 years and be current on all existing obligations.

Visit program website

Notes

This is a 30-year fixed-rate mortgage with 100% financing and no PMI — not a traditional grant. Property must be a primary residence. Single-family homes, townhouses, and condominiums eligible (condos have a 0.50% rate increase). Manufactured homes are excluded.

Cities Where This Program Is Available