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Palmetto Heroes Program

This is great news for everyone!!!

It is regarding home buying assistance for teachers, firefighters, police and EMS personnel...

Well, for those of you who don't know, Palmetto Heroes is here! This program has been given 40 million dollars (A similar $20 million program for teachers only was initiated in 2008. This program was gone in six weeks and we expect this one to go almost as fast!!! Here's how it works...

"Palmetto Heroes Program"

SC State Housing Authority is excited to announce our 2010 PALMETTO HEROES PROGRAM. The Heroes selected for the 2010 initiative are Police Officers, Fire Fighters, EMS. & Teachers.  The Borrower 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. 

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  begin teaching within 60 days of closing on the home.

The fixed interest rate will be 5.125 !!!
                        
DOWN PAYMENT ASSISTANCE included!

 

For more info, please call me(843.452.6670) or shoot me an email, and I'd be more than happy to answer any questions for you!

You can also click here for even more information on the Teacher's Hero program!

Want to read a blog with more info? Click here.