Charleston Habitat for Humanity Homeownership Program

Charleston Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Charleston, South Carolina, administered by Charleston Habitat for Humanity. Affordable homeownership program for first-time, low-to-moderate income families in the greater Charleston area. Selected partner families purchase a Habitat-built home with a 0% interest affordable mortgage (monthly payment $500-$600 plus escrow). Eligibility is based on need, ability to repay, and willingness to partner (400-500 sweat-equity hours). A dedicated Veterans Build / Veterans Cottages track serves U.S. veterans with higher income limits. 0% interest affordable mortgage. Monthly payment ~$500-$600 plus escrow. Dedicated Veterans Build track. Builds generational wealth for LMI families. Funding comes from Private donations, ReStore proceeds, sponsors/grants.

Charleston Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Charleston Habitat for Humanity. Repayment is triggered by Affordable monthly mortgage payment ($500-$600 + escrow); standard Habitat resale restriction on sale/transfer. 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.

Charleston Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Not published as a hard cutoff on program page (ability to repay assessed). A homebuyer education course is required, through Charleston Habitat (20 hours of financial education required). Residency requirement: Must live or work for the past 6 months in Awendaw, Charleston, Daniel Island, Huger, Isle of Palms, McClellanville, Mt. Pleasant, North Charleston, Sullivans Island, Wando, or West Ashley. Must live/work in listed Charleston-area communities 6+ months; 400-500 hours sweat equity; 20 hours financial education; $2,500 deposit + ~$6,000 closing costs; DD214 required for Veterans Build. STANDARD homeownership application acceptance period is CURRENTLY CLOSED (re-opens in cycles); Veterans Cottage applications referenced as available - confirm current status with affiliate before publishing.

Charleston Habitat for Humanity Homeownership Program limits household income to $94,000. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Charleston Habitat for Humanity Homeownership Program caps the purchase price as follows: Not applicable - Habitat builds/sells the home. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

Charleston Habitat for Humanity Homeownership Program names veterans among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Charleston Habitat for Humanity Homeownership Program serves homebuyers purchasing in Charleston, South Carolina. The program targets specific areas: Charleston, North Charleston, West Ashley and listed East Cooper/Sea Island communities.

Applications for Charleston Habitat for Humanity Homeownership Program go through Charleston Habitat for Humanity, which publishes the current terms and the application steps on its own site. Funds are reserved through Application cycle + eligibility quiz + selection (standard cycle CURRENTLY CLOSED; Veterans Build / Veterans Cottages ongoing). Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.