Palmetto Heroes Program
SC State Housing is excited to announce our 2010 PALMETTO HEROES PROGRAM. The Heroes selected for the 2010 initiative are “Police Officers – Fire Fighters – EMS - Teachers”. Borrower(s) must meet SC State Housing's first-time home buyer requirements. The program features a reduced mortgage interest rate and down payment assistance is available. The funding will be limited to $40 million. Loans are available on a first-come first-served basis, and borrowers must have an accepted sales contract on a home prior to reserving funds. All SC State Housing loan policies and procedures will be in affect for this program. See our program guides and manual for specific loan details.
Police Officers – Borrower must be a full-time police officer with state or local government agency including correctional officers with the South Carolina State Department of Corrections.
Fire Fighters and EMS - Borrower must be a full-time or volunteer fire fighter or EMS with a state or local government agency.
Teachers - Borrower must have a South Carolina Teachers Certification and be employed as a classroom teacher or have a contract to receive a paycheck to begin teaching within 60 days of closing on the home.
INTEREST RATE –The fixed interest rate will be 5.125
DOWN PAYMENT ASSISTANCE included
The first step to take advantage of this offer is to contact a participating lending partner. For a listing of our top lending partners, click here:
http://www.schousing.com/First-Time_Home_Buyers/Participating_Lending_Partner
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Click here for full details (on the Palmetto Heroes Program)
Click here for a customizable flyer (3 to a page)
Click here for a print quality, letter-size flyer (for posting)
Equal Housing Opportunity