Community Home Buyer Programs
Community home buyer programs in South Carolina reduce the amount of the down payment the borrowers must come up with. Once the down payment is reduced, the rest of the down payment must be comprised of the borrower's own funds. The closing costs can be gift funds, a grant, or seller assistance up to 3% of sale price. This type of South Carolina home loan requires the home buyer to take a South Carolina home ownership course. Upon completion of the course, the home buyer will receive a certificate that reduces the cash requirement and expands the qualification ratios. Community home buyer programs have made it possible for many people in the State of South Carolina to purchase the home of their dreams.
Second Mortgage Help
A South Carolina second mortgage is a mortgage that is added to your first mortgage. Second mortgages include South Carolina home equity loans, South Carolina home equity credit lines, and home improvement loans. Second mortgages are subordinate to the first mortgage, which means that the first mortgage takes precedence when repayment takes place. Second mortgage loans often have higher interest rates than first mortgages and are have shorter terms.
SC Real Estate Information
At 1st Carolina Mortgage, Inc we offer real estate information for the state of South Carolina and the cities within. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 800.238.2488
