simple...depending on the home price...first years hazard insurance payment and the earnest money deoposit can usually close these deals..you may need another $1,000 -$2,000..call me....bob mcclure- mortgage now- farmington, michigan..weekends are fine (248) 974-4444.....best regards.i am licensed in your state and have almost 14 years fo experience.....

I would start with my local credit union...they helped my client.

Candance,
You can find the answer to this question by contacting a local mortgage professional. There were some programs available with grants. Only a professional mortgage lender or banker would be able to find out what is available now.

If you are willing to teach in NC, I checked for another teacher and assistance was still available as of May. Brunswick County is just across the line from Horry County. I'm a retired teacher so it might be worth it to look here. Contact me if I can help with a referral to the proper lending institution.

The money for teachers in State Housing is gone. As the top participating lender in South Carolina for State Housing, we would be glad to explore that option with you next. There are still plenty of funds available. However, as mentioned, the Palmetto Hero program for teachers is no longer an option.

Candance,

I am fully aware of the programs that you have made mention of. As stated earlier, the money for the teacher program is dwendling fast. If this is an option (only one of many available to you) that you would like to explore, I would be more than happy to assist you in your search. You can contact me @ 803-800-4448, hrose@cbunited.com and http://www.cbunited.com/howardrose

There are also programs available for FTHB that you can receive up to $10,000 in down payment assistance as well. The State Housing teacher money is becoming limited, so I would recommend that you speak with someone and reserve your money if you have not done so already. If you have any other questions about the financing part, I would be glad to help.

Matt Vaughn
Homeowners Mortgage
864-201-2445
mvaughn@homeownersmtg.com

Candance,

Assuming you are a teacher, there are two programs you need to be aware of. One is the SC state housing loan program which is currently offering $7,000 of assistance for either closing costs or down payment for teachers. The other is a program through HUD that allows some teachers to purchase certain HUD homes at 50% of list price. Nor surprisingly, there are a number of stipulations for both of these programs, so feel free to give me a call at 864-363-8592 and we can discuss these in depth.

Thanks.

Steve Bright, Realtor
Keller Williams Realty
864-363-8592
sbright@kw.com http://www.stevebright.net

As Cindy said, most lenders (your mortgage brokers, banks, etc) are aware of the teacher program. I am working with a couple teachers at the moment who have taken this opportunity and are actually able to buy a home with no money down and no closing costs. I am in the Greenville/Golden Corner area of SC, so if I can be of any assistance please email me jessica@jjtalleyteam.com
Hope this helps!

Most lenders are aware of the programs. If the lender you contact isn't, keep looking for a lender. The first time buyer program is up to $5000 forgivable depending on income and the teacher program is for up to $17,000 forgivable downpayment assistance depending on income and has a guaranteed rate of 5.875% for 30 years. Let me know if you need a recommendation for a lender. Good luck with your house hunting.

I am not sure about all areas, but in Hickory, NC we have lenders who specialize in first time buyer programs. Our local council of governments works with the Department of Social Services in coordinating a first time buyers program. Buyers who attend the year long classes are eligible for downpayment assistance of $5,000+ upon completion. You also need to check with your lender. There are teacher, law enforcement, doctor, etc...programs available through Bank of America, Wachovia and other lenders. Be sure to check out the HUD website also. You will find some useful information for first time buyers on that site. I hope this information is useful. Good luck!