South Carolina · Forgivable loan

Palmetto Home Advantage

3-4% forgivable — repeat buyers welcome

3-4% forgivable DPA at 0%. Forgiven over 10 years. All 46 counties. NOT first-time buyer required.

SC Housing's Palmetto Home Advantage stands out nationally: no first-time buyer requirement and no purchase price cap. Income limits of $137,500 apply, but the program's flexibility makes it one of the most accessible DPA options in the country.

Amount3-4% forgivable — repeat buyers welcome

TypeForgivable loan

Available inSouth Carolina

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

No FTB requirement + no sales price limit + income limit $137.5K. One of the best repeat-buyer programs.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

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VA Loan $0 down + no monthly mortgage insurance

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NACA Program $0 down + $0 closing + $0 PMI + below-market rate

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SC County First $8,500

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