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Palmetto Home Advantage Program
South Carolina State Housing Finance and Development Authority
South Carolina State Housing Finance and Development Authority
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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