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Greenville County Homebuyer Assistance Program

Greenville County, South Carolina

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See what you qualify forOfficial program site →
Income limit

120% AMI

Of area median income; varies by county and household size

Price cap

$250,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 10 years

What is Greenville County Homebuyer Assistance Program?

Greenville County Homebuyer Assistance Program is a forgivable loan for homebuyers in Greenville County, South Carolina.

  • HOME/CDBG-funded county DPA program for first-time homebuyers in Greenville County. Up to $15,000 forgivable second over 10 years at 0% interest.
  • The Greenville County Homebuyer Assistance Program is a HOME / CDBG-funded place-based DPA program administered by Community Works on behalf of Greenville County. Up to $15,000 in DPA is structured as a 0%-interest forgivable second mortgage, deferred and forgiven over 10 years of continued owner-occupancy. Property must be located within Greenville County (including the City of Greenville). Sales price up to $205,000 (existing) / $250,000 (new construction). Income from 50% AMI ($49,650 1p) up to 120% AMI ($140,400 8p) Greenville MSA. Eligible loan products include FHA, VA, USDA-RD, and conventional.
  • Funding comes from Federal, HOME, and CDBG.

Do you have to pay it back?

Greenville County Homebuyer Assistance Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Forgiven over 10 years of continued owner-occupancy. Unforgiven balance due on sale, refinance, transfer, or non-owner-occupancy before 10 years.
  • The assistance is recorded in 2nd Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Greenville County Homebuyer Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: No prior ownership in past 3 years per HUD HOME definition of first-time homebuyer.
  • The home is occupied as a primary residence
  • On credit: 620 minimum representative FICO across all borrowers per Community Works underwriting guidelines.
  • A completed homebuyer education course, through Community Works HUD-approved homebuyer education and one-on-one counseling.
  • Residency: Property must be located within Greenville County, SC and serve as borrower's principal residence.
  • Citizenship or immigration status: U.S. citizen or eligible non-citizen per HUD HOME requirements.
  • Property must be located within Greenville County, SC. First-time homebuyer required. Owner-occupied principal residence. Household income $49,650-$140,400 (50%-120% AMI Greenville MSA). Sales price $205,000 max existing / $250,000 max new construction. 620 minimum FICO. HUD-approved homebuyer education required prior to closing. $1,000 minimum borrower contribution.

The program excludes

  • Purchases above the $250,000 price cap
  • Households above 120% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Greenville County Homebuyer Assistance Program limits household income to 120% of the area median income, which varies by county and household size.

  • Greenville County / MSA AMI tiers from 50% AMI ($49,650 1p) to 120% AMI ($140,400 8p).
  • 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?

Greenville County Homebuyer Assistance Program caps the purchase price at $250,000.

  • Eligible property types include Single-family detached, condominium, townhouse, PUD and manufactured home on permanent foundation per servicer overlays.
  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Greenville County Homebuyer Assistance Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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.

Where does it apply?

Greenville County Homebuyer Assistance Program serves buyers purchasing in Greenville County, South Carolina.

How do you apply?

Applications for Greenville County Homebuyer Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Community Works HUD-approved homebuyer education and one-on-one counseling..

  2. Contact the administering agency to reserve funds

    Funds are reserved through Application submitted directly to Community Works at time of pre-approval., and are subject to availability.

  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.

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