South Carolina Home Buying Guide
South Region · Judicial Foreclosure State
Key Facts at a Glance
What Makes South Carolina Unique
Low property taxes at 0.58%
Attorney required at closing
Forgivable DPA of up to $12,000 after 10 years
First-Time Buyer Programs in South Carolina
SC Housing Forgivable DPA
Contact your state housing finance agency for current eligibility and rates
SC Housing PalmettHome Advantage
Contact your state housing finance agency for current eligibility and rates
SC Housing County First Initiative
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in South Carolina
Attorney at Closing
Attorney Required at Closing
South Carolina requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.
Local Tips for South Carolina Buyers
Charleston and Hilton Head are premium markets.
SC homestead exemption reduces primary residence assessment 4% vs 6%.
Forgivable DPA is forgiven 10% per year — must stay 10 years.
Estimated Annual Ownership Cost in South Carolina
Based on the median home price of $300,000 with a 10% down payment and 7% mortgage rate.
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