City of Florence North Pointe and neighborhood redevelopment down payment assistance

What you can receive

For North Pointe, the cap is $30,000. For City-built redevelopment homes, the amount is set case by case; WMBF reported in February 2026 that the City approved $25,000 for East Florence homes. Either way the help is a 15-year deferred forgivable second mortgage. The City also pays the realtor fee: 2% in North Pointe and 4% on redevelopment homes.

Money is first-come, first-served, and the program is tied to specific new homes, so availability changes as houses sell.

Requirements

You must bring at least $1,000 of your own funds and complete homebuyer education. The City's public summary does not list an income or price limit for this track, so ask Community Services at 843-665-3175 what applies to the home you want.

How it compares with the CDBG program

Florence runs two separate tracks. The CDBG target-area program pays up to $20,000 on homes you find on the open market, forgiven after 10 years, with a $500 minimum. This one is limited to new North Pointe or City redevelopment homes but pays more and forgives over 15 years. Whether either pairs with SC Housing's DPA is not stated; a participating lender confirms whether they combine. Our guide to assistance types explains deferred forgivable loans.

Fifteen years is a long forgiveness window, so this fits buyers who plan to stay put. Selling early means part of the second mortgage is owed. The realtor-fee payment is worth noting too: on a redevelopment home the City covers 4%, which leaves more of your own money for closing costs and reserves.

Since homes are released and sold one at a time, the best move is to get pre-approved first and then call about specific addresses. A buyer who is ready to close tends to be first in line for first-come money. Ask, too, whether the case-by-case amount for a redevelopment home has been set before you sign, so the cash you need is clear. If a home sells before you are ready, ask the City whether more North Pointe or East Florence homes are planned.

Getting started

1. Call Florence Community Services to see which North Pointe or redevelopment homes remain.
2. Get pre-approved for a first mortgage.
3. Complete homebuyer education.
4. Have $1,000 ready for closing.

Read the Florence County guide or check eligibility.

County guides for the area served: Florence County

Questions about City of Florence North Pointe & Neighborhood Redevelopment Down-payment Assistance

Ask whether I qualify for this program

Our account follows the official program page as of November 2026. Funds and rules can change, so please confirm the present terms with the program or a participating lender. South Carolina Down Payment Assistance has no connection with this program.