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City of Charleston First-Time Homebuyer Purchase Assistance Program

Administered by:

City of Charleston Department of Housing and Community Development
· City · Forgivable Loan

Funding status: Active

How much assistance

Up to $20,000

Zero-interest deferred forgivable loan. Forgiven after 20 years of continuous owner-occupancy. If the borrower sells, refinances, or moves out before 20 years, a prorated portion of the original loan must be repaid.

Eligibility

  • Income limits:
    50% to 120% of Area Median Income (AMI)
  • First-time buyer required: Yes —
    Must not have owned a home in the past 3 years.
  • Geographic restrictions:
    Must purchase within the city limits of Charleston, SC. Priority given to buyers in five target neighborhoods.
  • Homebuyer education required: Yes

How to Apply for City of Charleston First-Time Homebuyer Purchase Assistance Program

Step 1: Contact the City of Charleston Housing and Community Development office at (843) 724-3766 to confirm current funding availability and begin the application process. You will need to complete a HUD-approved homebuyer education course before applying.

Cities Where This Program Is Available