How do I become a South Carolina State Housing Finance and Development Authority-approved counselor?
Minimum criteria to become a South Carolina State Housing Finance and Development Authority-approved counselor: – Counselors must complete a half-day training seminar offered by the South Carolina State Housing Finance and Development Authority. – Counselors must have a background in either housing counseling, credit/financial counseling, or in the mortgage industry. – Counselors may not work for or represent any lending/brokerage institution, nor may they have a conflict of interest that could really or potentially prevent the counselor from acting in the best interests of the borrower. – Counselors may not be a practicing real estate agent, broker or appraiser. – Counselors should be willing to provide occasional counseling outside normal working hours. – Counselors will be expected to maintain standards of integrity and professionalism, and must sign the Counselor Assurance that outlines these standards. For more information on how to become an approved High Cost Consumer Home Loan
