Home Buyer

Selection Process

Due to the high demand for housing inventory, the SCEDC is implementing a Home Buyer Selection Process based on a variety of factors to be a Qualified Buyer.

These include the following:

The annual income for a Household associated with a Qualified Buyer cannot exceed one hundred forty percent (140%) of the median family income for the County. In 2023, this would equate to $134,474.20

Homebuyer(s) will be required to make a minimum contribution of $5,000, which may come from savings or gifted funds. 

The net worth for a Household associated with a Qualified Buyer cannot exceed $349,999.99.

All Qualified Buyers must be individuals. No entity (e.g., a corporation, an LLC, etc.) or trust may be a Qualified Buyer. 

On or before the closing of a Qualified Buyer on a Home, each Qualified Buyer shall complete a homebuyer education and counseling program. The Qualified Buyer’s Mortgage Lender will determine the specifics of the program.

A First Mortgage Lender shall provide a Financial Eligibility Verification Certificate with regard to becoming a Qualified Buyer for a given Property.

Prior to the Home Closing date of a given Property, at least one member of a Household associated with a Qualified Buyer must: (a) be employed by an employer located within the County, or (b) have an offer of employment (accepted in writing by a member of a Household associated with a Qualified Buyer). 

Homes Deed Restrictions

  • Home can never be owned by a corporation, LLC, or trust
  • Home must be owned by the buyer for a period of 5 years (or SCEDC has the right to purchase the home)
  • Prohibits Lease or rent (including, without limitation, long-term rentals or leases or short-term rentals or leases such as VRBO, Airbnb, or otherwise) all or any portion of the property at any time during the term of the agreement.
  • On or before December 31, 2035, live in any other residence other than the Property for more than sixty (60) calendar days in a calendar year. 

*Applicants must obtain pre-approval of a loan or mortgage before progressing with the application process. Individuals who submit a form for a home in Founders' Pointe without pre-approval will be disqualified from selection eligibility.

Available Homes for Purchase

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Lot 21

Bedford
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Lot 22

Remington
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Lot 23

Remington
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Lot 24

Remington

Ready to Purchase?

Apply today to be part of the Home Buyers Selection Process. 

*Applicants must obtain pre-approval of a loan or mortgage before progressing with the application process. Individuals who submit a form for a home in Founders' Pointe without pre-approval will be disqualified from selection eligibility.