CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is a forgivable loan for homebuyers in Goose Creek, South Carolina, administered by CommunityWorks Carolina. City of Goose Creek employees in good standing for at least one year can receive up to $15,000 in down payment and/or closing cost assistance on a home within Goose Creek city limits. The assistance is a 0% non-amortizing subordinate loan forgiven over 5 years, provided the employee remains employed full-time with the City. Assistance tiers are based on household income relative to Goose Creek-area AMI. Up to $15,000 forgivable DPA. 0% interest, no monthly payments. Forgiven 20% per year over 5 years. Available to Goose Creek employees regardless of first-time buyer status. Funding comes from City of Goose Creek.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program offers up to $15,000 in assistance. The program asks homebuyers to contribute $500 minimum buyer contribution. Amounts are the program's published maximums, not an offer — CommunityWorks Carolina determines any individual award.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Termination from City of Goose Creek employment before 5-year term; sale or refinance. The assistance is recorded in 2nd position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Required for first-time homebuyers (provider not specified in fact sheet). Employer-restricted to City of Goose Creek employees (minimum 1 year employment, full-time, in good standing). Income limits use Berkeley County AMI but exact AMI table for Goose Creek not confirmed — Goose Creek is in Berkeley County. AMI amount for 4-person at 100%: confirm with lender. Total CLTV cannot exceed 100% of appraised value.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program sets its income limit as follows: Tiered: up to $15,000 for <80% AMI; up to $12,500 for 80-100% AMI; up to $7,500 for >100% AMI. No hard income cap stated. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program can be used for Single Family. New construction is not eligible. Manufactured homes are not eligible.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is limited to employees of City of Goose Creek (full-time employees, minimum 1 year in good standing). Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program serves homebuyers purchasing in Goose Creek, South Carolina. The program targets specific areas: Within City of Goose Creek city limits only.

Applications for CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program go through CommunityWorks Carolina, which publishes the current terms and the application steps on its own site. 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.