Charleston · Buying
How much do I need for a down payment to buy on Folly Beach?
Sizing a Folly Beach down payment starts with the loan program chosen, not a flat townwide rule, since FHA and certain conventional loans ask for far less upfront than buyers commonly picture as the standard. Folly Beach's flood insurance costs affect the total monthly payment more than the down payment itself. A lender can size the actual number once a specific Folly Beach property is chosen.
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