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Introduction:

Here at TSG Real Estate, we are committed to helping you find the perfect home and providing you with valuable information about various homeownership programs. Today, we are excited to introduce you to the Palmetto Heroes Program for 2024, a remarkable initiative designed to honor and support our community heroes. If you are an educator, first responder, or military service personnel in South Carolina, this program could be your key to achieving your dream of owning a home. Let’s explore the details and how this program can benefit you.

Palmetto Heroes Program -Honoring Our Heroes:

The Palmetto Heroes Program is a heartfelt thank you to the educators, first responders, and community service personnel who selflessly dedicate themselves to serving others. This includes teachers, law enforcement officers, corrections officers, firefighters, EMTs, paramedics, veterans, active-duty military personnel, National Guard members, and licensed medical professionals.

Palmetto Heroes Program Eligibility Requirements:

To participate in the Palmetto Heroes Program, there are a few eligibility criteria that you need to meet:

Employment in South Carolina: Borrowers must be employed in South Carolina and fulfill SC Housing’s First-Time Homebuyer requirements.

Specific Occupation Requirements: Different occupations have their own set of criteria. For example:

Educators: Must be employed as a full-time teacher with an active South Carolina Teacher Certification.
Law Enforcement Officers: Must be employed full-time as a state or local law enforcement officer and certified by the Law Enforcement Training Council.
Correctional Officers: Must be employed full-time as a corrections officer for the South Carolina Department of Corrections or related agencies.
Firefighters, EMTs, and Paramedics: Must be employed full-time as a firefighter, EMT, or paramedic with a state or local government agency.
Veterans: Must have served on active duty in the U.S. Armed Forces and received an honorable discharge within the past 25 years.
Active Duty Military Personnel: Must be a member in good standing with any of the US Armed Services.
SC National Guard Members: Must be a member in good standing of the SC Army National Guard or SC Air National Guard.
Licensed Medical Professionals: Must be employed full-time in a medical facility and hold a valid license or certification.

Palmetto Heroes Program Benefits:

The Palmetto Heroes Program offers several benefits to eligible participants:

Down Payment Assistance (DPA): SC Housing provides Forgivable Down Payment Assistance of up to $12,000. This assistance can be used towards your down payment, closing costs, and prepaid items.

Favorable Loan Terms: Enjoy competitive interest rates and flexible loan options tailored to your needs.

Forgivable Second Mortgage: The DPA is structured as a second mortgage with a 15-year term. With no monthly payments and a zero interest rate, the assistance is fully forgiven if you occupy the property for the entire term.

Federal Recapture Reimbursement: If you are required to pay a recapture tax to the IRS, SC Housing will reimburse you.

Palmetto Heroes Program How to Get Started:

To take advantage of this incredible opportunity, follow these steps:

Act fast – this money goes quickly so make sure you act fast so you can take advantage of this program.

Let us do our magic – as your trusted real estate agents, we work hand in hand with lenders to handle the heavy lifting, ensuring a seamless and stress-free process for you.

Palmetto Heroes Program Conclusion:

The Palmetto Heroes Program for 2024 offers an amazing opportunity for educators, first responders, and community service personnel to achieve the dream of homeownership. By providing down payment assistance and attractive loan terms, this program recognizes your invaluable contributions and makes homeownership more accessible. If you are eligible, don’t miss out on this chance to secure your future and establish a place to call your own. Reach out to our dedicated team to get started on this exciting journey today!

Use the form below to contact us or you can call or text us directly at 843 900 4692 or you can book a call with us.

Disclaimer: This blog post provides an overview of the Palmetto Heroes Program based on the information available at the time of writing.