Founders Federal Credit Union First-Time Homebuyer Program

Administered by: Founders Federal Credit Union · Nonprofit · Zero-Interest Loan

Funding status: Active

How much assistance

Finance up to $350,000 with only $1,000 minimum in the transaction; no PMI required (Zero-Interest Loan)

Eligibility

Income limits: No specific income limits published; standard credit qualification required
Purchase price limit: $350,000
First-time buyer required: Yes — Must be purchasing first home in South Carolina or North Carolina.
Geographic restrictions: Available for homes in South Carolina and North Carolina.
Homebuyer education required: No

How to Apply for Founders Federal Credit Union First-Time Homebuyer Program

Step 1: Contact Founders Federal Credit Union to apply. Only requires a minimum of $1,000 in the transaction, which can cover closing costs, prepaids, or down payment. 30-year fixed rate term with no PMI.

Visit program website

Notes

Headquartered in Lancaster, SC with branches throughout the Carolinas. No PMI requirement is a significant benefit. Must become a credit union member to access the program.