We Care About Our Community

We are pleased to sponsor the Community First Bank New Home Buyer Program offered through the South Carolina State Housing Finance and Development Authority. See how easy you may qualify at a below market rate.

Program Guidelines Overview

This is for overview purposes only and is not intended as a specific program disclosure.

Loan Limits/Purchase Price Limits

All Loan Limits and Income Limits are county specific. Loans must be in $50 increments.

Homebuyer(s)

The Borrower(s) must not have had ownership interest in his principal residence in the three (3) years preceding the date on which the loan is closed.

Loan Types

Conventional Only

PMI Insured

Loan needing PMI Mortgage Insurance (PMI) must be insured by a program specified company.

Loan Term

15, 20, 25, 30 years

Down Payment

Minimum down payment is 3%

Down Payment Assistance

A Mortgage Assistance Loan/Home DPA Second Mortgage loan may be available to qualified buyers.

Closing Costs

Closing costs usually include 1% Origination Fee, prepaid items, and usual and customary closing costs.

Property Eligibility

Eligible properties are single-family dwellings stick built or modular and located in South Carolina. The homes can be new or existing homes, townhouses, or condominiums.

See How Easy You May Qualify:

Anderson/Pickens County
Maximum Income Limits:

Small Family/1or 2 persons: $52,900.00
Large Family/3 or more persons: $60,835.00

Anderson County
Maximum Purchase Price:

Existing Houses: $200,160.00

Pickens County
Maximum Purchase Price:

Existing Houses: $200,160.00

Oconee County
Maximum Income Limits:

Small Family/1 or 2 persons: $52,900.00
Large Family/3 or more persons: $60,835.00

Oconee County
Maximum Purchase Price:

Existing Houses: $200,160.00