How much house can you afford in South Carolina with down payment assistance?

Your real South Carolina affordability, the SC Housing Palmetto Home Advantage DPA match, and a step-by-step plan — in 30 seconds. No email required.

Calculate your South Carolina number — free →
The short answer: In South Carolina, the SC Housing Palmetto Home Advantage DPA (forgivable down payment assistance) provides assistance toward your down payment or closing costs. Paired with the FHA 31%/43% debt-to-income guidelines lenders use, this calculator shows how much house you can afford in South Carolina — with that assistance factored in.

South Carolina down payment assistance program

SC Housing Palmetto Home Advantage DPA
Forgivable down payment assistance · South Carolina
Assistance toward your down payment or closing costs

The SC Housing Palmetto Home Advantage DPA is South Carolina's flagship statewide down payment assistance, administered by the state housing finance agency (forgivable down payment assistance). Current amounts, income limits and credit requirements are set by the agency — confirm them on the official program page. Cities and counties in South Carolina often add their own programs on top.

Official South Carolina program page →
Run your South Carolina numbers — free, no email

South Carolina DPA — common questions

What down payment assistance is available in South Carolina?

South Carolina's main statewide option is the SC Housing Palmetto Home Advantage DPA — forgivable down payment assistance administered by the state housing finance agency. Many cities and counties in South Carolina add their own programs on top, so it is worth checking all three levels.

How much house can I afford in South Carolina with assistance?

It depends on your income, debts and credit. The calculator applies the FHA 31%/43% debt-to-income rule to estimate your price, then shows how much of your down-payment gap South Carolina assistance could cover. Most buyers pair it with a 3% conventional or 3.5% FHA down payment.

What credit score do I need for South Carolina down payment assistance?

Many state programs set a 620 minimum credit score alongside income limits based on area median income. Exact requirements are set by the agency — verify current terms on the official SC Housing Palmetto Home Advantage DPA page before applying.

Check assistance in another state