Category Archives: 100% Financing
There are only two common loan programs that offer 100% financing NO money down on the purchase of a new home.
1.) VA Loan – First thing and most obvious you must be an active duty service member in the armed forces or be a veteran, and you must be able to meet all the other criteria of eligibility for the VA Loan. Visit VA to see if you qualify.
The other way to buy a house in Charleston South Carolina with No money is by going through the USDA. You must meet the income criteria and agree to purchase a home in an approved community. See the local list below.
|These are the communities in Coastal South Carolina that qualify for 100% financing through USDA as of 08/2009.* Make SURE to Check with your Loan Officer to make sure the home you are considering purchasing is a USDA eligible property.Your loan officer will let you know if you qualify for the USDA Loan based on your income and location of the property.
|COUNTRY CLUB ESTATES–ST. GEORGE off of US 78 & sugar hill rd|
|COUNTRY LANE ESTATES|
|E. HIGHLAND ACRES|
|EDISTO RIVER ESTATES|
|GUM BRANCH FARMS|
|HALF WAY CREEK ESTATE|
|HIGH MEADOW FARMS|
|HIGHLANDS OF LEGEND OAKS|
|LEGEND OAKS PLANTATION|
|MYERS MILL–Whitlow Blvd/isabela court|
|ROBERTS ROAD ESTATES|
|SHORT CUT ROAD|
|SUMMERVILLE COUNTRY ESTATES|
|THE GLEN AT SUMMERSET|
|W. HIGHLAND ACRES|