South Carolina · Forgivable loan

SC Housing Homebuyer Program

Forgivable DPA, forgiven over 15 years

30-year fixed + forgivable 0% DPA. Forgiven monthly over 15 years. FHA, VA, USDA, conventional.

SC Housing's Homebuyer program provides forgivable DPA for first-time buyers. The assistance is forgiven after 15 years of owner-occupancy — one of the longer forgiveness periods but with no monthly payments during that time.

AmountForgivable DPA, forgiven over 15 years

TypeForgivable loan

Available inSouth Carolina

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleSingle-family only

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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Palmetto Home Advantage 3-4% forgivable — repeat buyers welcome

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