Housing Development Corporation of Rock Hill First-Time Homebuyer Program

Administered by: Housing Development Corporation of Rock Hill (HDCRH) · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $5,000 (Forgivable Loan)

Second mortgage forgiven in annual increments over a 5 to 20 year period depending on the program.

Eligibility

  • Income limits: Total household income may not exceed 80% of the Area Median Income as set by HUD
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase a home within the city limits of Rock Hill, SC.
  • Homebuyer education required: Yes

How to Apply for Housing Development Corporation of Rock Hill First-Time Homebuyer Program

Step 1: Contact the Housing Development Corporation of Rock Hill at (803) 324-1105. Complete the required First-Time Home Buyer Education Course, which covers home purchase counseling, credit repair guidance, and home maintenance information. Classes are offered both virtually and in person. After completing education, apply for up to $5,000 in down payment and closing cost assistance.

Visit program website

Notes

HDCRH is a HUD-approved housing counseling agency. Also offers one-on-one counseling for credit issues and barriers to homeownership. Occasionally larger assistance amounts are available depending on program funding cycles. Funded through City of Rock Hill CDBG and HOME funds.

Cities Where This Program Is Available