City of Goose Creek Employee Down Payment Assistance Program

Administered by: City of Goose Creek · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $15,000 (varies by income: up to $15,000 below 80% AMI, up to $12,500 at 80-100% AMI, up to $7,500 above 100% AMI) (Forgivable Loan)

Forgiven over five years at 20% per year, provided the employee remains employed full-time with the City of Goose Creek and in good standing.

Eligibility

  • Income limits: Tiered by Area Median Income: below 80% AMI qualifies for maximum assistance, 80-100% AMI for mid-tier, and above 100% AMI for base tier.
  • First-time buyer required: No
  • Geographic restrictions: Must be a City of Goose Creek employee in good standing for at least one year. Home must be located within City of Goose Creek limits and be the employee's primary residence.
  • Homebuyer education required: No

How to Apply for City of Goose Creek Employee Down Payment Assistance Program

Step 1: Contact the City of Goose Creek Human Resources Department. Employee must have been employed a minimum of one year and be in good standing. A $325 loan origination fee and applicable wiring fees are due at closing. Property must be in good condition and ready for occupancy within 90 days of closing.

Visit program website

Notes

This program is limited to City of Goose Creek employees only. While not available to the general public, it is a significant benefit for city workers looking to buy within Goose Creek city limits.

Cities Where This Program Is Available