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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
2024-12-01
Keywords
Palmetto Home Advantage Program, House buying--South Carolina, Mortgage loans--South Carolina, Economic assistance, Domestic--South Carolina
Type
Document
Rights
Records, documents, and information made available by the agencies of the South Carolina state government or its subdivisions are made accessible through the South Carolina State Library Depository and are protected under U.S. Copyright law (Title 17, U.S.C.) and South Carolina state law (Title 30 and 60, S.C.C.L.). Distribution rights are determined by the agency or author and users should contact the aforementioned for more information.
Digitization Specifications
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