Buying a Home

Legal Information > Mortgages and Loans

  • 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

    U.S. Department of Housing and Urban Development (HUD)
  • 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

    National Consumer Law Center
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  • 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

    U.S. Department of Housing and Urban Development
  • South Carolina High Cost Mortgage and Consumer Home Act of 2003

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

    South Carolina Appleseed Legal Justice Center