Palmetto Home Advantage Program

Authors
South Carolina State Housing Finance and Development Authority
Keywords
Palmetto Home Advantage Program , House buying--South Carolina , Mortgage loans--South Carolina , Economic assistance, Domestic--South Carolina
Abstract
The Palmetto Home Advantage Program is SC Housing’s mortgage program designed to serve both first-time and “move-up” borrowers. It is a conventional mortgage offering 0%, 3%, 4% or 5% forgivable down payment assistance, no first-time homebuyer requirements and reduced mortgage insurance coverage (18%) for lower monthly payments. New and existing homes are eligible. Conventional ease. Flexible options. For borrowers with credit scores of 640 or higher, Palmetto Home Advantage offers cost savings over the long term. Mortgage insurance may be cancelled; certain restrictions apply. Maximum borrower income limit is 80% of Area Median Income (AMI) as determined by Fannie Mae or Freddie Mac. Your lender will determine if you qualify. A Palmetto Home Advantage Program mortgage may be the loan program for you!
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Issue Date
2020-08-18
Contributor
Date Accessioned
2020-09-09T16:21:07Z
Date Available
2020-09-09T16:21:07Z
Item Format
application/pdf
Media Type
Document
Item Language
English
Publisher
South Carolina State Library
Digital Collection
South Carolina State Documents Depository
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))
Type
Text
Digitization Specifications
South Carolina State Document was either saved from a document available publicly online in PDF format or converted to PDF using Adobe Acrobat DC.