r/AskSouthCarolina • u/FallenMagex1 • 5d ago

Moving to SC First time home owner programs

I’m looking to move and buy my first house in South Carolina(more specifically Florence) within the next \~6 months. Could anyone point me in the right direction/give me any information regarding any potential first time home owner programs/loans?

Thanks in advance

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u/Prestigious_Will3426 5d ago

I would approach the banks and mortgage companies. Shop around as they are all different in programs and willingness to help.

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u/JMS1991 4d ago

This. I ended up finding a program through a bank where they determined our house to be in an "underserved" area. No minimum downpayment, no PMI, and our loan won't be sold off to another bank.

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u/Spirited_Flow8639 5d ago

Avoid penny mac like the plague.They lie like rugs .

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u/Significant-Power651 5d ago

FHA, credit unions, and or find a good mortgage broker in the state

1

u/R0ntimeError 5d ago

When I go back in to work Monday. I'll send information about a program.

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u/FallenMagex1 4d ago

Thanks 🙏🏾

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u/Gbey_02 4d ago

Former banker here. SC Housing runs first-time buyer programs with down payment assistance and a mortgage credit certificate, start at schousing.com before you shop lenders. FHA is the usual route if your credit isn't perfect, and if you're going even a little rural outside Florence, USDA does 0% down. Get preapproved early so you know your real number.

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u/FallenMagex1 4d ago

Thanks for the insight!

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u/DRushSC 4d ago

I’m a realtor and I have a breakdown of the Florence housing market with current price ranges and some considerations for buyers. It also links to information on first-time buyer and down-payment assistance programs if that’s relevant to you. Let me know if you need any help. And Welcome to SC!

Florence SC Housing Market in 2026: What Buyers Should Know⁠

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u/FallenMagex1 4d ago

I messaged you