It’s exciting to shop for a house, but it may be exhausting as well, especially for first-time buyers who may be unfamiliar with all the research that goes into it.
Finding the best lender and the lowest interest rate is a good start, but don’t stop there! SC State Housing Finance and Development Authority offers first-time buyers several exciting programs, let’s take a look at some of them:
Rules vary among these programs, and not everyone will qualify or meet the requirements based on their income, credit score or location. Charleston County, for example, with the state’s highest home prices, is one county where the home-price limits in programs mentioned above can be a challenge. The city of Charleston runs a Homeownership Initiative of its own, which is another way first-time buyers can potentially find a great deal.