(803) 691-4742

Homeownership Services

Foreclosure Prevention

In 2010 the U.S. Department of Treasury, in partnership with the SC State Housing Finance and Development Authority and SC Housing Corp., made over $295 million available to help eligible South Carolina homeowners avoid serious first mortgage delinquency and foreclosure. The funds were awarded under Treasury’s Hardest Hit Fund program and are being distributed through SC HELP. SC HELP is available in all 46 counties of the state.

Types of Assistance

  • Direct Loan Assistance ​ for borrowers who have fallen behind on payments during periods of hardship, but have recovered and are now sustainable. This will bring loans current and end fees and penalties.
  • Monthly Mortgage Payment Assistance ​ assists homeowners with monthly payments for a defined period of time while they seek employment and a return to self-sustainability. Many homeowners may be eligible to receive both Direct Loan and Monthly Payment Assistance.
  • While Direct Loan Assistance and Monthly Mortgage Payment Assistance are made as loans against the property, the loans carry no interest or payments and balance of loan is forgiven at a rate of 20% per year. After 5 years the lien is fully forgiven.
  • Property Disposition Assistance is designed to help in cases where the mortgage cannot be salvaged and the homeowner is able to negotiate a short sale or deed-in-lieu of foreclosure; funds may be available to assist families as they transition from homeownership to tenancy. This transition assistance is a one-time grant of $5,000 paid directly to the homeowner.


SC HELP is intended to assist borrowers who are facing first mortgage delinquency or possible foreclosure due to circumstances beyond their control like unemployment, underemployment or significant reduction in self-employment income. For some programs, death of a ​spouse, catastrophic medical expenses and/or divorce may be considered.

Other Eligibility Guidelines Include:

  • There is no household income limit
  • The property must be an owner-occupied primary residence
  • Applicants must have a minimum 24 months homeownership history
  • Applicants do NOT have to be delinquent
  • Original first mortgage amount not to exceed $729,750
  • Bankruptcy must be discharged or dismissed

Other eligibility requirements will apply, and applicants must submit information including a hardship letter, bank statements and tax returns, income information, deed and mortgage account information in-order to be considered.

How to Apply

Applicants are encouraged to apply electronically through the application located at: Applicants without access to the Internet may call 1-855-435-7472, a statewide, toll free telephone number, for assistance. There is NO FEE required at any point during the SC HELP process.

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