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Paul Bryant
EXIT Real Estate Consultants
5175 Sunset Blvd, Ste 3
Lexington, SC 29072
Phone: (803) 361-0585
Email: Paul@PaulBryantWorks.com

Thank you for visiting today. If this is your first visit, take your time and look around. I have plenty of information and resources available to you. If you are a return visitor, thank you. I would love to hear from you and tell you how I can serve all your real estate needs.

State Housing Loan Information

South Carolina State Housing Loan Information

The South Carolina Housing and Finance Development Authority has lowered interest rates for first-time home buyers for the second time this year. Interest rates range from 4.75 percent to 4.875 percent depending on the borrower’s income. The Housing Authority also offers down payment and closing cost assistance of $5,000.00 for qualified borrowers.

The Housing Authority has various loan programs that may help you buy a home with interest rates are competitive and depending on your income. The major benefits to you as a first-time homebuyer are lower interest rates and reduced mortgage insurance rates that will save you thousands of dollars over the life of a mortgage and provide you and your family a more affordable monthly payment.

All South Carolina State Housing Loan Programs are based on a fixed interest rate loan with a maximum loan-to-value (LTV) of 97% (for conventional) or 96.5% (for FHA). In other words, if you buy a home for $100,000.00, your minimum down payment that would be required is $3,000.00 (for conventional) or $3,500.00 (for FHA). Depending on your income, SC State Housing may have down payment assistance funds available to pay all or part of the required down payment.

Additionally, they offer a Single Parent Program where the first-time homebuyer requirement is waived with a few stipulations: As a single parent applicant, you cannot own a principal residence at the time of closing on your new home. The borrower must be an unmarried, head of household AND custodial parent or legal guardian of at least one minor child under the age of 18 at the time of the closing. You must also provide documentation that you have been separated for a minimum of six months or have a recorded divorce decree or recorded separation agreement.

The Individual or Family Disability Program is another program where the first-time home buyer requirement is waived for all individuals or families with disabilities, but with a few requirements: The applicant cannot own a principal residence at the time of closing on their new home. You must be 100% permanently disabled or handicapped as determined by Social Security Disability Income (SSDI), Social Security Income (SSI) or be a custodial parent or legal guardian of at least one dependent (regardless of age) who is 100% permanently disabled or handicapped as determined by SSDI/SSI. Appropriate documentation will be required.

And, the Housing Authority also offers the Palmetto Heroes Program 2 to help South Carolina teachers, firefighters, law enforcement officers and EMS personnel who want to become homeowners. SC State Housing officials were so pleased with the response to the $40 million program announced back in March, 2010, they decided to add additional funds to the pot and reduce the interest rate.

Palmetto Heroes 2 is available to teachers and firefighters and their administrative personnel, as well as law enforcement officers – to include dispatchers and Corrections officers, and EMS and Nurses who are currently certified in their profession, and reside and work in South Carolina or have a contract to begin working within 60 days of closing on a home. Eligible Palmetto Heroes home buyers can get a 4.5 % interest rate through SC State Housing’s First-time Home Buyer Program as well as the down payment assistance loan of up to $7,500 which could even be forgivable over time, depending on the borrower’s income. This program includes a grant from South Carolina Realtors®, to bolster the funds available for down payment assistance. These particular mortgage loans can be up to 30 years and are available through any of South Carolina’s State Housing’s network of more than 200 participating private sector lenders and brokers statewide, may not be used for refinancing. Maximum income limits are based on the median income per county and household composition.

If you are a first-time homebuyer or believe you may qualify for any of the other programs offered by the South Carolina Housing Authority, your first job is to contact me.

 


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 ExitMidSouth Blog: South Carolina State Housing Loan Information
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Exit Real Estate Consultants- Paul Bryant, REALTOR
My name is Paul Bryant and I specialize in assisting buyers and sellers in Real Estate transactions. My areas of expertise includingColumbia,Lexington,West Columbia, Gilbert,Irmo,Lake Murray and surrounding areas. As your REALTOR®, I will work hard to justify your confidence and generate the results you deserve.  Through my determination, research and 100% follow-through, you can be assured that you will receive the best possible service and a clear look at all of your options.  Whether you are selling, buying or just have a question, I invite you to call me today at 803.361.0585 or visit my websitewww.PaulBryantWorks.com.

Testimonials Page

"Paul is by far one of the BEST realtors out there. He is extremely professional, very knowledgeable, patient and personable. Whether you're a first time homebuyer or not, he takes a lot of the stress and Anxiety out of the process. Paul goes above and beyond to help you get what it is you want. And if you're not entirely sure what you're looking for, he doesn't mind helping you figure it out. From beginning to "end" he makes himself available to you. Even after you have closed on your home, he makes himself available for any questions or concerns you may have. I was extremely impressed and please with the love and knowledge he has for what he does. I am Confident that anyone who hires Paul Bryant to be there realtor, will be more than pleased with his ability to deliver. I Look forward to working with him again on future purchases. He was truly a joy to work with." Pickering Family
"Working with Paul was great. Not only is he extremely knowledgeable about all aspects of the home buying process, he consistently goes above and beyond to help you through every stage thereof, even beyond the typical duties of a realtor. Paul's professionalism and expert advice was extremely helpful as a first-time buyer as it allowed me to be confident in the commitment I was making. Paul took great care in explaining processes, checking for understanding and continued to make sure that my expectations were being met even after closing. Thanks to Paul, I enjoyed what I thought was going to be a stressful process and when it comes to future purchases and selling, I will not consider doing business with anyone else." Ashley Powell
"We were sent to Paul on a recommendation of one of my co workers. Best decision we could have made. We were in the middle of a long distance move and that was stressful enough. Paul was very professional and very detail oriented. He always was available to answer any questions or concerns. Paul will go out of his way to ensure the selling experience was as easy and streamlined as possible. Paul ended up selling our home in less than a month. The closing took place after we had already moved. Paul handled every aspect and even took care of arranging for repairs and dealing with contractors. We could not be more thankful!" Mike & Kendra W
"We were referred to Paul by a mutual friend. He helped us search and search until we found the perfect home for our family. He worked hard, long hours to make things happen for us without us having to lift a finger. He has and will continue to be highly recommended by us. We enjoyed working with Paul and will call on him again with any future real estate investments." John Clarey
"Paul is very knowledgeable of the local real estate market and demonstrated his expertise as an agent throughout the entire process. Paul worked tirelessly to help us find a home that met our wants and needs. Paul was instrumental during negotiations and was always quick to respond. We would recommend for any perspective buyer or seller to work with Paul Bryant." Bland & Katie Wilkerson
"Mr. Bryant..........I cant say enough great things about this man. He worked tirelessly for 7 months helping my wife and I find a home. The tricky part was his ability to do this 7,000 miles away. His expertise, experience, patients and tenacity is of the highest caliber in the industry. His relentless efforts and customer focused work schedules had Mr. Bryant in every house in the Columbia SC area, taking pictures, reports and evaluations until he found the perfect home for my family and I. With out a doubt Mr. Bryant is a true professional that will take the time to ensure he finds the right property for the right buyers. He is like the cupid of real estate. Thanks Paul" Rob & Sunny Willard
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