Palmetto Home Advantage offers conventional, FHA, VA and USDA loan options for first-time, move-up and repeat buyers with no first-time home buyer requirements for new and existing homes across all 46 counties in South Carolina. The program offers forgivable down payment assistance of 0%, 3%, or 4% of the loan amount with a $0.00 monthly payment. All loan options require a minimum 640 credit score.
The Palmetto Home Advantage program offers FHA, VA and USDA Financing Options with no sales price limits and follows all applicable insurer guidelines with a borrower income limit of $115,000. Income Limit is not dependent on family size and is not total household income.
The Palmetto Home Advantage program offers Conventional financing options up to 97% Loan to Value on one-unit properties and 95% Loan to Value on Fannie Mae two – unit properties with no sales price limits and follows all applicable insurer guidelines for Fannie Mae – HFA Preferred and Freddie Mac HFA Advantage programs.
For additional information and to see if you qualify, contact one of our approved lending partners.
For full details, please read our Palmetto Home Advantage Program Handout.
Are you a lender interested in the Palmetto Home Advantage program?
Check out this training video from our master servicer, Lakeview Loan Servicing, if you’re a lender looking to learn more about how the Palmetto Home Advantage program can help your customers.