CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program

What is 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.

How much assistance does it provide?

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program offers up to $15,000 in assistance.

• The program asks buyers to contribute $500 minimum buyer contribution.
• Amounts are the program's published maximums, not an offer — CommunityWorks Carolina determines any individual award.

Do you have to pay it back?

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is forgiven after 5 years, so a buyer 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.

Who qualifies?

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

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.

Where does it apply?

CommunityWorks City of Goose Creek Employer Assisted Homebuyer Program serves buyers purchasing in Goose Creek, South Carolina.

• The program targets specific areas: Within City of Goose Creek city limits only.

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Required for first-time homebuyers (provider not specified in fact sheet).

2. 2

   Contact CommunityWorks Carolina 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.