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Palmetto Home Advantage Program
South Carolina State Housing Finance and Development Authority
South Carolina State Housing Finance and Development Authority
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Abstract
The Palmetto Home Advantage Program is SC Housing’s mortgage
program designed to serve both first-time and “move-up”
borrowers. The program offers both government and conventional
mortgage options with forgivable down payment assistance
options, no first-time homebuyer requirements and reduced
mortgage insurance coverage (18%) on conventional loans below
80% of Area Median Income (AMI) as determined by Fannie Mae
and Freddie Mac. New and existing homes, including double-wide
manufactured housing (FHA and Conventional) are eligible.
Issue Date
2023-06-21
Keywords
Palmetto Home Advantage Program, House buying--South Carolina, Mortgage loans--South Carolina, Economic assistance, Domestic--South Carolina
Type
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
Digitization Specifications
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