SC Offering Low-Interest Loans To Local "Heroes" - WSPA.com

SC Offering Low-Interest Loans To Local "Heroes"

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Since it started, the Palmetto Heroes Program has made more than 600 mortgage loans totaling more than $72 million. Since it started, the Palmetto Heroes Program has made more than 600 mortgage loans totaling more than $72 million.
COLUMBIA, S.C. -

Low-interest loans are out there for local heroes looking to buy a home.

The South Carolina State Housing Finance and Development Authority announced today it's once again offering the "Palmetto Heroes" program. It's for law enforcement officers, correctional officers, teachers, firefighters, nurses, veterans and EMS personnel who want to become homeowners.

This year, $7.7 million is available to provide a low interest rate of 3-percent and $5,000 in down payment assistance. Some buyers may even qualify for up to $8,000 in down payment assistance on newly constructed homes.

This is the fifth year for the program. Since it started, the Palmetto Heroes Program has made more than 600 mortgage loans totaling more than $72 million. The average loan amount is $116,480, and the average household income is approximately $43,000.

For more information, contact one of the real estate professionals, banks, or mortgage brokers certified in SC housing programs. For a complete list, click here.

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