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 (Forgivable Loan)

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.

Visit program website

Cities Where This Program Is Available

Available Statewide In