Affordable Homebuyer Program: City of Sumter Housing & Economic Development Corp.
New Construction
The construction of a new stick-built house is sold to a qualified applicant. These houses are built within city limits.
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 | $26,600 | $30,400 | $34,200 | $38,000 | $41,050 | $44,100 | $47,150 | $51,200 |
- 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 a private mortgage lender
- Credit History: Applicant must have a responsible Credit History
- Minimum Contribution: Minimum cash contribution of 1% of the selling price may be required from the buyer
- Homebuyer Counseling: Applicant must attend and complete pre-purchase and post-purchase counseling provided by the City of Sumter
- Primary Residence: Applicant must occupy the property as their principal residence
Eligible Properties - The only housing units that are eligible under this program are houses built by the City of Sumter and are located in various areas within the city limits.
Loan Description
- City Grant up to $3,000 for Closing Costs.
- Forgivable deferred loan to $35,000 for gap financing (0% deferred loan).
Mobile Home and Houses Rehabilitation Program
- 2022 UPDATE: all funds have been expended. Please direct any questions to the Community Development Office at (803) 774-1649 or (803) 774-1652.