Call us today: (888) 660-1131

Call us today and start packing tomorrow: (888) 660-1131

Call us today and start packing tomorrow: (888) 660-1131

First time home buyers can save big in South Carolina

Are you looking to buy a home in South Carolina? There are multiple ways you can save money, get help with a downpayment, or obtain a favorable mortgage loan.

By Jon Buerkert

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:

  1. The Mortgage Credit Certificate provides savings of up to $2,000 each year of homeownership.
  2. The Homebuyer Program offers low down payments plus down payment assistance for those with at least a 620 credit score.
  3. The Palmetto Home Advantage Program is designed for people in specific professions, such as teachers and police officers. It helps with forgivable down payment assistance (you don’t have to pay it back if you follow the rules). If your income is $87,500 or less, you may want to consider this program; unfortunately, it ended in 2018, but it’s worth checking as it may return soon.
  4. The Hardest Hit Fund assists with a downpayment in parts of Richland, Lexington and Sumter counties, offering $15,000 in forgivable down payment.
 

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.

If you are shopping for a home in SC, you should visit the schousing.com and learn more about the above programs.

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The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

This is how we rebuild Middle America

We search for distressed
properties in that are
fit for restoration.

We search for distressed properties in that are fit for restoration.

After the acquisition,
we deploy our crew and start
demolition & clean up.

After the acquisition, we deploy our crew and start demolition & clean up.

We renovate the
house with high
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We renovate the
house with high
standards in mind.

We install
efficient & updated
appliances.

We install
efficient & updated
appliances.

We deploy our cleaning
crew and prepare house
for rental or for sale.

We deploy our cleaning crew and prepare house for rental or for sale.

Finally,
we’re ready
for your
move…

Finally,
we’re ready
for your
move…

The FixPads Standard.

All FixPads are renovated to the same standard to ensure quality. Expect freshly painted walls, updated floors, bathrooms, and new appliances. Each property is fully inspected before you move in.

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Brand New Amana Microwave Oven

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New Outlets & Switches

Nickel-Plated Fixtures

Freshly Painted Interior

Beautiful Granite Countertops

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Improve your Credit Score,
a few points can make a big difference!

Improve Your Credit Score

We’ve partnered up with Credit Repair Companies to help you boost your credit score. Let’s talk about eliminating the barriers to healthy mortgage options.

Our credit repair partners will help you:

Speed up the approval process by improving your credit score and telling the story of who you really are as a person.

Help you save thousands of dollars on high-interest rates due to less than ideal credit scores, likely due to no fault of your own.

Don’t Let Credit Ruin Your Home Buying Opportunity; Home Ownership is Closer Than You Think!