LawHelp.org/SC

Buying a Home

Legal Information

  • Fast Facts - Predatory Lending (The South Carolina High Cost and Consumer Home Loan Act)

    PDF document (may load slowly). Content Detail

    By:
    SC Department of Consumer Affairs
  • Federal Mortgage Programs

    This document contains information about federal programs to help you purchase your own home with a low-cost mortgage. HUD's Federal Housing Authority (FHA) has mortgage insurance to help you become a homeowner. FHA doesn't actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. You may be able to get an FHA loan 3% down, or even less! Talk to an FHA-approved lender about itto see if an FHA loan might be right for you. Content Detail

    By:
    U.S. Department of Housing and Urban Development (HUD)
  • Rent-to-Own Home Sales

    Content Detail

    By:
    South Carolina Appleseed Legal Justice Center
  • South Carolina High Cost Mortgage and Consumer Home Act of 2003

    Slide presentation. PDF document (may load slowly). Content Detail

    By:
    South Carolina Appleseed Legal Justice Center
  • High-Cost Home Loans: Don't Be a Target

    Homeowners Beware! You may be a target for abusive lenders trying to sell you a loan you can't afford. If this happens, you may unable to make the high payments and lose your home at a foreclosure sale or spend all of your spare cash paying off a loan you didn't need or want. Content Detail

    By:
    National Consumer Law Center
    Read this in:
    Korean / 한국어
    Russian / Pусский
    Vietnamese / Tiếng Việt
  • HUD's Good Neighbor Next Door Sales Program

    Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence. Content Detail

    By:
    U.S. Department of Housing and Urban Development
  • Buying A Home and The Law

    PDF document (may load slowly). Content Detail

    By:
    South Carolina Bar Association
  • Common Questions of First-time Homebuyers

    This document contains frequently asked questions that first-time homebuyers have about purchasing a home. Content Detail

    By:
    U.S. Department of Housing and Urban Development
  • Is It Better to Buy or Rent?

    There are many advantages to buying a home versus renting one. This web site helps you compare the two situations. View these advantages in the Buy vs. Rent Comparison Chart, or view a financial comparison of buying versus renting in the Buy vs. Rent Calculator. Content Detail

    By:
    Ginnie Mae
  • HUD Homes (Answers to Common Questions)

    This web page explains how to buy a HUD Home and provides links to properties that are available near you for purchase from HUD. When someone with a mortgage insured by the Department of Housing and Urban Development (HUD) can't meet their payments, the lender forecloses on the home. HUD pays the lender what is owed and HUD takes ownership of the home. Then HUD sells it at market value as quickly as possible. Content Detail

    By:
    U.S. Department of Housing and Urban Development
  • Housing for LGBT People

    When lesbian, gay, bisexual and transgender couples set out to buy or rent a home, they may confront several forms of discrimination that married heterosexual couples do not face. LGBT couples can face discrimination in access to housing, and there is no federal law against it. Content Detail

    By:
    Human Rights Campaign
  • Let FHA Loans Help You

    FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal. Low down payments. Low closing costs. Easy credit qualifying. Content Detail

    By:
    US Department of Housing and Urban Development
  • Liability Insurance

    The liability portion of your homeowner's policy is designed to cover unintentional injuries on the premises and unintentional damage to other people's property. In other words, injuries caused by your negligence are covered; those you inflict on purpose are not covered. Here are a few tips on how to cover yourself adequately. Remember, it takes only one person who is seriously injured by your negligence to generate a huge liability award and deplete your financial nest egg, not to mention your psychological well being. Content Detail

    By:
    American Bar Association
  • Owning a Home Tool and 5 Reasons to Check it Out

    Buying a home and taking on a mortgage is a big financial decision, one most of us will make only a few times in our lives. No matter where you are on your journey, whether you’re currently looking for a home, shopping for a mortgage, or just curious for your future, we have tools and information to help you confidently make good decisions to reach your goals. Content Detail

    By:
    Consumer Financial Protection Bureau