Down Payment Assistance for Teachers, Police Officers, EMS, Correctional, and Firefighter
The State Housing Finance and Development Authority has announced an allotment of about $40 million to assist teachers, police officers, fire fighters, and first responders with buying a home. This program, known as Palmetto Heroes, will offer down payment assistance and/or low interest mortgages to first time buyers that are either; teachers, firefighters, police officers, correctional officers, and EMS workers who fall within specific income criteria.
Buyers will apply for this product as they would any home mortgage, but the funding for the loans will come from bonds the SC State Housing has liqui...