The popular loan program, Palmetto Heroes, is returning April 21, 2016 providing community service personnel assistance with obtaining a mortgage. Palmetto Heroes offers down payment assistance and a 3% interest rate for mortgages obtained from qualifying occupations.
Eligible occupations include Law Enforcement Officers, Fire Fighters, EMT’s, Paramedics, Correctional Officers, Teachers, Nurses, Certified Nurses Aids, SC National Guard Members and Veterans.
The program is not limited to first time homebuyers.
Palmetto Heroes launches on April 21, 2016 and is available until funding is depleted. Typically the program is available for 6-8 weeks. In order to apply for the program, applicants must have a fully executed sales contract on a home as well as other qualifying loan documents.
The program is offered through SC Housing and applicants must use an approved lender in order to apply.
If you would like more information on the Palmetto Heroes program please email Melissa@864RealEstate.com or call 864-923-7924.