Charleston
$485K
Premium pricing. SC Housing programs at moderate-income tier. City of Charleston DPA for workforce housing.
South Carolina · SC Housing Homebuyer + Palmetto Heroes
Palmetto Heroes
covers more pros than you think.
SC Housing's Homebuyer Program covers the state with rate-discounted financing + DPA. Palmetto Heroes adds a deeper rate cut for teachers, firefighters, police, nurses, and active military. Charleston and Columbia have their own local programs that stack on top.
· The market
South Carolina at
a glance.
- $310K
- Statewide median
- +5.5%
- YoY appreciation
- 31 days
- Median DOM
- SC Housing + city
- DPA stack depth
· The metros
Where buyers
actually land.
Columbia
$245K
Capital + USC. Most affordable SC metro. SC Housing + Columbia neighborhood programs.
Greenville
$345K
Upstate growth corridor. SC Housing + Greenville County initiatives in select census tracts.
Myrtle Beach
$295K
Coastal, tourism-driven. SC Housing programs + Horry County workforce DPA.
· The stack
5 programs
most LOs forget.
The state-level programs are the spine. Local (city / county) DPA stacks on top. The right combo can drop your cash-to-close to a single car payment.
01
SC Housing Homebuyer Program
Up to $10K DPA
First-time buyer (3-year lookback). Forgivable second mortgage. Pairs with FHA, VA, USDA, conventional.
02
SC Housing Palmetto Heroes
Rate discount + DPA
Discounted rate for teachers, firefighters, police, EMTs, nurses, healthcare workers, and active military. Stacks with Homebuyer Program.
03
SC Housing Mortgage Credit Certificate (MCC)
Up to $2K/yr
Federal tax credit on mortgage interest. Up to 50% of interest paid, capped at $2K/yr. Reduces effective interest cost.
04
City of Charleston Workforce Housing
Variable
Charleston-area DPA for workforce-income buyers. Counseling-required. Stacks with SC Housing.
05
Columbia City DPA
Up to $15K
Columbia residents in target neighborhoods. Stacks with SC Housing Homebuyer Program.
· The scenario
$240K Columbia bungalow,
stacked.
- Purchase price
- $240,000
- FHA min down (3.5%)
- $8,400
- SC Housing Homebuyer DPA
- −$10,000
- Columbia City DPA (if eligible)
- −$15,000
- Estimated cash-to-close
- ~$2,200
- MCC tax credit (annual)
- +$2,000/yr
Loan amount: ~$205K. Estimated PITI: ~$1,800/mo. Palmetto Heroes adds a rate cut on top — for eligible professions, the math improves further.
South Carolina is buyable.
If you stack right.
Five minutes. We map your file across every SC program — including the four most LOs forget to mention.