ANDERSON, SC. and CHARLESTON, SC.--(BUSINESS WIRE)--Churchill Mortgage today announced it is approved by the South Carolina State Housing Finance & Development Authority to offer down payment and closing cost assistance to eligible first-time homebuyers and certain non-first-time homebuyers, depending on county. Churchill Mortgage is a leader in the mortgage industry providing conventional, FHA and VA residential mortgages across 25 states, including South Carolina.
The South Carolina State Housing Finance & Development Authority assists South Carolina families and individuals by offering financial assistance of up to $4,000, which may be used toward down payment and closing costs.
It offers 20-year, 25-year and 30-year fixed rate mortgages with conventional, FHA, VA and USDA loans. The program assists borrowers with credit scores down to 620, but for borrowers that lack credit, manual underwriting is available.
“Buying a home can be an exciting time for first-time homebuyers, but many are discouraged because they lack the capital they need for a down payment and closing costs,” said Mike Hardwick (top right photo), president for Churchill Mortgage.
“State programs like what the South Carolina State Housing Finance & Development Authority offers can be a great option for many borrowers, but many are unaware of them. We aim to raise awareness of these programs, and look forward to helping communities across South Carolina achieve their home ownership goals.”
For more information, borrowers should contact their local lender:
Contacts:
Kin Anderson
864-328-0060
Kin.Anderson@ChurchillMortgage.com
111 East Mauldin, St. Anderson, S.C. 29621
John Leuck
843-763-5666
John.Leuck@ChurchillMortgage.com
680-B St. Andrews Blvd., Charleston, S.C. 29407
For Churchill Mortgage
For more information about Churchill Mortgage, visit http://www.churchillmortgage.com./
Mary York, 407-371-0173
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