Palmetto Home Advantage

Why choose a Palmetto Home Advantage mortgage?

The Palmetto Home Advantage Program is SC Housing’s newest mortgage program designed to serve both first-time and “move-up” borrowers. It is a Freddie Mac or Fannie Mae conventional mortgage offering 0%, 3%, 4% or 5% forgivable down payment assistance, no first-time homebuyer requirements and reduced mortgage insurance coverage for lower monthly payments. New and existing homes are eligible.

Conventional ease. Flexible options.

For borrowers with credit scores of 640 or higher, Palmetto Home Advantage offers cost savings over the long term. Mortgage insurance may be cancelled; certain restrictions apply. Refer to the Palmetto Home Advantage Handout for qualifying income limits.

For more information:

For additional information and prequalification information, contact one of our approved lending partners.