South Carolina State Housing Authority 2010 Program

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The South Carolina State Housing Authority will be announcing a new program that they are starting on March 3rd called …”PALMETTO HERO”…READ BELOW FOR INFO:

TEACHERS – POLICE OFFICERS – CORRECTIONAL OFFICERS – FIRE FIGHTERS AND EMS

Here are the highlights of the lending program:

$7,000 REPAYABLE DPA (down payment assistance) AVAILABLE for Category I

$7,000 FORGIVABLE DPA AVAILABLE for Category II

5.125 % FIXED RATE for both Categories

$40 MILLION OF FUNDS WILL BE AVAILABLE

If you know of anyone that you think may benefit from this new government loan program, have them give me a call and I will get them started.  While $40 million dollars might sound like a lot it is amazing how fast these monies tend to go.