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Home > Departments > Community Services > |
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AFFORDABLE HOMEBUYER PROGRAM-Housing
City of Sumter Housing & Economic Development Corp.
NEW CONSTRUCTION
The construction of new stick built house is sold to a qualified applicant. These houses are built throughout the city limits.
 
Housing Director: Sallie Urquhart
12 West Liberty Street (Liberty Center)
Sumter, SC 29150
803-774-1651
surquhart@sumter-sc.com
Goal
To assist lower income individuals and families to purchase a Home within the City of Sumter.
Eligible Buyer
- Maximum Household Income must not exceed HUD's Income Limits as noted below:
| Family Size |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
| Income Limit |
27,550 |
31,450 |
35,400 |
39,300 |
42,450 |
45,600 |
48,750 |
51,900 |
- Income Verification: The Section 8 (Part 5) definition of income will be used to verify the income of all individuals that are 18 years or older and permanently reside in the household.
- Financing: Applicant must be able to obtain first mortgage financing from private mortgage lender.
- Credit History: Applicant must have a responsible Credit History.
- Minimum cash contribution may be required from buyer: 1% of Selling Price
- Homebuyer Counseling: Applicant must attend and complete pre-purchase and post-purchase counseling provided by the City of Sumter.
Eligible Properties - The only housing units that are eligible under this program are houses built by the City of Sumter.
- Location: Various areas within the City limits.
- Primary Residence: The applicant must occupy the property as their principal residence.
Loan Description
- City Grant up to $3,000 for Closing Costs.
- Forgivable deferred loan to $35,000 for gap financing (0% deferred loan).
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