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FINANCING

Homebuyer Program

The City of Florence will provide down payment and closing cost assistance for qualified homebuyers to purchase homes to be built at Vista Place, Historic Pine, Old Carver Station and Sumter Station.

Downpayment and assistance programs are available through First Reliance Bank, the NRS preferred lender, and all prospective buyers must complete a minimum of eight hours of homebuyer education and counseling.  For more information or to get started today, complete an Inquiry Form and submit to Retha Brown, rbrown@cityofflorence.com, or fax to 843-292-4911.

Builder Program

The Single Family Builder Incentive Program will provide funding assistance to non-profit and for-profit builders and developers to finance construction loans, renovation loans, and marketing expenses of single family residential units to be sold to homebuyers.

These funds may be leveraged with additional funds secured by the builder or developer from both public and private sources. City funding assistance cannot be the sole source of project financing and cannot exceed 20% of the total approved construction development cost unless approved by the City of Florence. Eligible uses of the funds include costs associated with construction and site preparation for the development.

MORTGAGE CALCULATOR

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