Palmetto Home Advantage

Palmetto Home Advantage

Why choose a Palmetto Home Advantage mortgage?

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.

FHA-VA-USDA Options

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.

Conventional Option

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 more information:

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.