Home buying assistance for teachers, firefighters,
police and EMS personnel
Palmetto Heroes Program is effective March 3, 2010
Del-co Realty Group is EXCITED to let you know about a
great new program from
the South
Carolina State Housing Finance and Development Authority (SC
State Housing) called Palmetto Heroes. This is an enhancement to
our regular mortgage lending program specifically for teachers, police officers
(and
correctional officers), firefighters and EMS personnel.
SC
State Housing has $40
million dedicated to this program. Mortgage
rates
are 5.125% and they offer $7000
down payment assistance which may be
forgivable. Qualified buyers may also receive the $8000 federal tax
credit.
This link will take you to a page with more information on the
program
including downloadable graphics and fact sheet. http://www.schousing.com/First-Time_Home_Buyers/Palmetto_Heroes_Program.
A similar $20 million program for
teachers only was
initiated in 2008. This program was depleted in six weeks and SC State Housing expects this one to go fast as well.
All funds from this program come from the sale of bonds issued
by SC
State Housing. No public funds, tax revenue or stimulus money is
used in this program.
Contact your Del-co Realty Agent TODAY to find out more about this program.
We are State Housing Certified!
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