The down payment assistance programs that are listed here are a sample of what is available for homebuyers in South Carolina. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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Richland County Home Ownership Assistance

Financial Assistance for Homebuyers in South Carolina

The goal of the Richland County Home-ownership Assistance Program is to provide down payment and closing cost assistance to make home-ownership possible in unincorporated Richland County. 

Available Assistance 
Richland County Community Development, RCHAP program's priority is to make home-ownership opportunities available to low-to-moderate income households.  The assistance is given in the form of forgivable loans, up to $10,000 is available to be applied to down-payment and/or closing costs for the purchase of a single-family dwelling. The assistance will be provided as a deferred, forgivable, second mortgage. Approved applicants must live in the home for five (5) years from the time of closing for the loan to be forgiven. (If the applicant does not use the home as the primary residence for the five-year period, the assistance must be repaid based on a prorated formula.) The maximum Loan amount is up to $10,000 

Eligibility Requirements 
  • Must be a resident of South Carolina 
  • Cannot have a contract on a house until after completing program requirements 
  • Must be qualified as a household of low to moderate income; our program uses the 80% limits (shown below) 
  • Must be a single - family detached dwelling located in the unincorporated area of Richland County.  
  • The selected properties must be built after 1978.  
  • Each property must be able to pass a rigid inspection that will guarantee the home is livable, safe and does not require immediate repair. 
  • Max purchase price: Existing home price: $155,000 & New Construction: $238,000 

Income Limits 
1-person household: $40,700 
2-person household: $46,500 
3-person household: $52,300 
4-person household: $58,100 
5-person household: $62,750 
6-person household: $67,400 
7-person household: $72,050 
8-person household: $76,700 

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits.        

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.     

Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in South Carolina

The South Carolina State Housing Finance and Development Authority understands that many individuals don't have the down payments to make their dreams of homeownership a reality. That’s why SC Housing began the Homeownership Program. 

The Richland County Home-ownership Assistance Program provides down payment and closing cost assistance to make home-ownership possible in unincorporated Richland County. 

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