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Housing-related professionals collaborate on ways to expand housing choices in SC.
SC Housing Salutes “Palmetto Heroes” with 3% Mortgage Rate Offer
Special Homebuyer Program Makes $7.7M Available for Loans and Down Payment Assistance
The South Carolina State Housing Finance and Development Authority (SC Housing) announces it is once again making funds available to help South Carolina’s heroes – law enforcement officers, correctional officers, teachers, firefighters, nurses, veterans and EMS personnel – that want to become homeowners. The 2013 Palmetto Heroes Program, a $7.7 million initiative, offers qualified homebuyers a low interest rate of 3% and $5,000 in down payment assistance – some buyers may even qualify for up to $8,000 in down payment assistance on newly constructed homes.
To date, the Palmetto Heroes Program has made over 600 mortgage loans totaling over $72 million. The average loan amount is $116,480, and the average household income is approximately $43,000.