Palmetto Heroes Program

Keeping Us Strong in Challenging Times

SC Housing offers a heartfelt thanks to all the healthcare workers, teachers, first responders, veterans and other frontline workers for your long hours and dedicated service during this public health crisis. You have kept our families safe and communities strong. This year we are extending our list of qualified homebuyers to include those who deliver our packages, provide our groceries and care for our loved ones in long-term and nursing home facilities.

Qualified Palmetto Heroes homebuyers receive a 3.5% fixed rate mortgage and up to $10,000 in down payment assistance (DPA). Funding is limited, so if you’re considering buying a home, don’t wait. Call a participating lending partner or real estate professional to take advantage of this special program.

The heroes selected for the 2020 initiative are:

  • Teachers
  • Emergency Medical Services Personnel
  • Licensed Medical Professionals
  • Grocery Store Employees,
  • Package Delivery Drivers
  • Law Enforcement Officers
  • Correctional Officers
  • Firefighters
  • Veterans
  • SC National Guard

Qualified applicants will have the opportunity to purchase a home with a:

  • 3.5%, 30 year fixed, mortgage interest rate
  • Up to $10,000 forgivable* down payment assistance (DPA)

Applicant Qualifications

Borrower(s) must meet SC Housing’s First-Time Homebuyer requirements. The program features a reduced mortgage interest rate and down payment assistance is available. Loans are available on a first-come, first-served basis, and borrowers must have an accepted sales contract on a home prior to reserving funds. All SC Housing loan policies and procedures will be in effect for this program. Please see our 2020 Palmetto Heroes Details and our 2020 Guide for Income and Home Price Limits for more information on eligibilty.

For more information, contact one of the Real Estate Professional or Lending Partners certified in SC Housing programs.

*forgivable- DPA is forgivable over either 10 or 20 years, depending on your income. In the meantime there is no interest and no payment due on the DPA amount.