Annual Palmetto Heroes program off to fast start
In the first five weeks of SC Housing’s annual Palmetto Heroes homeownership program, more than $25 million in home loans have been reserved by first-time homebuyers. That’s half of the $50 million committed to the program by SC Housing, which is celebrating its 50th anniversary.
SC Housing is helping community heroes by helping hundreds of them buy their first homes with low interest rates and thousands in down payment assistance. In recognition of South Carolina’s frontline workers who have stepped up to keep our state running during the COVID-19 pandemic, the 2021 Palmetto Heroes program provides down payment assistance and low-interest home loans to qualifying South Carolina teachers, medical professionals, firefighters, law enforcement, correctional officers, EMS personnel, active-duty military (including S.C. Army National Guard and S.C. Air National Guard), and veterans.
Eligible Palmetto Heroes homebuyers can get a historically low, fixed-rate mortgage through SC Housing’s First-time Homebuyer Program, as well as $12,000 in forgivable down payment assistance.
The Palmetto Heroes program has invested over $186 million over the past 14 years to help more than 1,500 homeowners purchase their first home. “Through the Palmetto Heroes program, we hope to recognize many South Carolina workers and families who sacrifice so much on behalf of all of us,” said Steve Clements, director of single-family programs at SC Housing, in a news release. “Home ownership is one of the most valuable tools to build wealth, and we are proud to help families attain this goal at a challenging time.”
For more information about the Palmetto Heroes program, visit SCHousing.com.