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SC Housing Made It Home! Program

South Carolina State Housing Finance and Development Authority (SC Housing) · South Carolina

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Assistance

$25,000–$25,000

The maximum the program publishes — not an offer

Income limit

$135,000

The household income limit the program publishes

Price cap

$200,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 10 years

What is SC Housing Made It Home! Program?

SC Housing Made It Home! Program is a forgivable loan for homebuyers in South Carolina, administered by South Carolina State Housing Finance and Development Authority (SC Housing).

  • SC Housing's Made It Home! Program provides up to $25,000 in forgivable down payment and closing cost assistance to eligible homebuyers purchasing one of 130 newly constructed affordable single-family homes built by five SC Housing-approved builders across South Carolina. The program pairs buyer DPA with builder subsidies to expand affordable workforce housing inventory. Cannot be combined with other SC Housing DPA programs, but may be layered with FHLB DPA as a third lien.
  • Up to $25,000 forgivable DPA as a zero-interest second mortgage, fully forgiven after 10 years if buyer remains in home as primary residence. Compatible with FHA, VA, USDA, and Conventional first mortgages (or SC Housing Bond first mortgage).
  • Funding comes from SC Housing agency reserves (initial phase); future phases contingent on SC Legislature appropriations.

How much assistance does it provide?

SC Housing Made It Home! Program offers between $25,000 and $25,000 in assistance.

  • Award tiers: Made It Home! DPA: $25,000, 10-year forgivable second mortgage, 0% interest, no monthly payments; repayable upon sale/refinance/loss of primary residency before maturity.
  • Buyer contribution: No stated minimum borrower contribution beyond AUS/insurer requirements.
  • The program can be combined with Federal Home Loan Bank (FHLB) DPA as third lien. Cannot stack with other SC Housing DPA products.
  • Amounts are the program's published maximums, not an offer — South Carolina State Housing Finance and Development Authority (SC Housing) determines any individual award.

Do you have to pay it back?

SC Housing Made It Home! Program is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale, refinance, or property no longer primary residence prior to 10-year maturity.
  • 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?

SC Housing Made It Home! Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: 640 minimum FICO for all borrowers (when using SC Housing Bond first mortgage)
  • A completed homebuyer education course, through HUD-approved counseling agency; Fannie Mae HomeView; Freddie Mac CreditSmart; any NIS or HUD-approved MI company course
  • Citizenship or immigration status: US Citizen or Permanent Resident Alien with valid Green Card (I-551); VISA holders not eligible under SC Housing Bond
  • Home must be from one of five SC Housing-approved builders (D.R. Horton, Gainey Construction Co., Housing Development Corporation of Rock Hill, McGuinn Homes, Oak and Ave Property Group). Homes must be completed before purchase. Cannot combine with other SC Housing DPA. FHLB DPA may be layered as third lien. DPA loan term: 10-year forgivable second mortgage at 0% interest, no monthly payments; full repayment due upon sale, refinance, or loss of primary residency before maturity. Subordination of DPA not permitted.

The program excludes

  • Manufactured homes
  • Purchases above the $200,000 price cap
  • Households above $135,000

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?

SC Housing Made It Home! Program limits household income to $135,000.

  • 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?

SC Housing Made It Home! Program caps the purchase price at $200,000.

  • Eligible property types include single_family.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

SC Housing Made It Home! Program serves buyers purchasing anywhere in South Carolina.

How do you apply?

Applications for SC Housing Made It Home! Program go through South Carolina State Housing Finance and Development Authority (SC Housing), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through HUD-approved counseling agency; Fannie Mae HomeView; Freddie Mac CreditSmart; any NIS or HUD-approved MI company course.

  2. Contact South Carolina State Housing Finance and Development Authority (SC Housing) to reserve funds

    Funds are reserved through SC Housing Lender Online (lol.schousing.com), 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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