Down payment assistance is back! The Federal Housing Administration is going to permit home buyers to use the $8,000 tax credit as a downpayment. This is great news to the many first time home buyers who can't afford the 3.5% down payment required for a FHA loan. The Columbia SC Real Estate market offers homes for sale in all price ranges. This down payment assistance program will allow more buyers to take advantage of the inventory and low prices. This is great news!