City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program es un préstamo condonable para compradores de vivienda en Charleston, South Carolina, a cargo de City of Charleston Department of Housing and Community Development. The City of Charleston Homeownership Initiative (HI) creates affordable homeownership for low- and moderate-income first-time buyers and supports neighborhood revitalization. The City acquires and transfers properties to housing development partners that build or rehabilitate homes for sale to income-eligible buyers. Down payment and closing cost assistance is available as a zero-interest deferred forgivable loan; City funds are carried through long-term restrictive covenants governing resale value, while partner-agency funds may be secured by a 5- to 10-year note and mortgage. Households earn 50%-120% AMI, must not have owned a home in three years, and must occupy as a primary residence. City-developed homes carry a 90-year affordability covenant. Down payment and closing cost assistance. Zero-interest deferred forgivable loan. Access to newly built or rehabilitated affordable homes. Priority for residents of targeted revitalization neighborhoods. Homebuyer education and counseling. Los fondos provienen de Federal (City of Charleston CDBG/HOME funds) and partner-agency funds.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program se perdona después de 20 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Failure to occupy/retain the home as primary residence for the required period; buyer may repay a portion of the original loan. City funds also governed by long-term restrictive covenants on resale value. La ayuda se registra con un gravamen en posición Subordinate. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Not owned a home in the past three years; exceptions for displaced homemaker, divorced single individual/parent no longer owning, and owner of a property not meeting codes. Sobre el crédito, el programa indica: Must qualify for the first mortgage and pass a background check; no specific minimum credit score published. Se requiere un curso de educación para compradores de vivienda, a través de OriginSC (Homeownership Resource Center); Charleston Trident Urban League. Requisito de residencia: Home within the city limits of Charleston; first priority to current/former residents of five target neighborhoods. Zero-interest deferred forgivable DPA; City funds carried through long-term restrictive covenants determining resale value (City-developed homes carry a 90-year covenant); partner-agency funds may be secured by a 5- to 10-year note and mortgage. Buyer may owe repayment of a portion of the loan if occupancy/retention conditions are not met. First-time homebuyer (no ownership in 3 years), primary residence, background check, and ability to qualify for the first mortgage required. Exceptions to the 3-year rule: displaced homemaker; divorced single individual/parent no longer owning; owner of a property not meeting codes. Priority to current/former residents of five target neighborhoods. Homebuyer education via OriginSC or Charleston Trident Urban League; apply via Neighborly portal.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program limita el ingreso del hogar al 120% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income between 50% and 120% AMI for the Charleston-North Charleston-Summerville MSA by household size. Per City FY2025-2026 limits, 120% AMI = $133,080 (4-person); 100% AMI = $110,900 (4-person). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program se puede usar para Single Family. La construcción nueva es elegible.

City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program atiende a compradores de vivienda que compran en Charleston, South Carolina. El programa se dirige a áreas específicas: First priority to current and former residents of five identified target/revitalization neighborhoods within the City of Charleston.

Las solicitudes de City of Charleston Homeownership Initiative (HI) - First-Time Homebuyer Program se tramitan a través de City of Charleston Department of Housing and Community Development, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Applications via the Neighborly online portal. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.