Central South Carolina Habitat for Humanity Homeownership Program

What is Central South Carolina Habitat for Humanity Homeownership Program?

Central South Carolina Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Columbia, South Carolina, administered by Central South Carolina Habitat for Humanity.

• Central South Carolina Habitat for Humanity (Midlands Habitat) builds and rehabilitates homes across Richland and Lexington Counties, then sells them at no profit to qualified low-income homebuyers using a 25-year, 0% interest mortgage. Buyers are selected by a volunteer committee on need, willingness to partner, and ability to repay; monthly payment is capped at 25% of gross monthly income. A sweat-equity / 0%-mortgage model, not a cash down payment grant.
• 0% interest mortgage.
• No-profit sale.
• Payment capped at 25% of gross income.
• 25-year term.
• Financial counseling.
• New or rehabbed home.
• Funding comes from Donations, sponsorships, grants, homeowner mortgage payments, ReStore proceeds.

Do you have to pay it back?

Central South Carolina Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Central South Carolina Habitat for Humanity.

• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Central South Carolina Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Central South Carolina Habitat for Humanity Homeownership Program sets its income limit as follows: Income-qualified families in need; selected on ability to repay an affordable mortgage (Richland & Lexington Counties).

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Central South Carolina Habitat for Humanity Homeownership Program can be used for Single Family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Central South Carolina Habitat for Humanity Homeownership Program serves buyers purchasing in Columbia, South Carolina.

• The program targets specific areas: Neighborhood Revitalization target neighborhoods where Habitat builds.

How do you apply?

Applications for Central South Carolina Habitat for Humanity Homeownership Program go through Central South Carolina Habitat for Humanity, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Central South Carolina Habitat for Humanity to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.