PALMETTO HEROES PROGRAM
For
Ø POLICE OFFICERS
Ø FIRE FIGHTERS
Ø EMS
Ø TEACHERS
Ø NURSES
Ø VETERANS
Military Homes Charleston is excited to announce South Carolina’s 2011 PALMETTO HEROES PROGRAM. The Charleston area heroes selected for the 2011 initiative are Police Officers, Fire Fighters, EMS, Teachers, Nurses, and Veterans. Borrower(s) must meet State Housings First-Time Homebuyer requirements. The program features a reduced mortgage interest rate and down payment assistance is available. The Funding will be limited to $15 million. Loans are available on a first come first served basis and borrowers must have an accepted sales contract on a home prior to reserving funds.
Do You Qualify?
Police Officers – Borrower must be a full-time police officer with state or local government agency including correctional officers with the South Carolina State Department of Corrections.
Fire Fighters and EMS - Borrower must be a full-time or volunteer fire fighter or EMS with a state or local government agency. EMS may be employed by a company contracted by the county/city to provide EMS Services.
Teachers – Borrower must have a South Carolina Teachers Certification and be employed as a classroom teacher or have a contract to begin teaching and to receive a paycheck within 60 days of closing on the home.
Nurses – Borrower must have a Nursing Degree and be employed as a nurse in a hospital, doctor’s office, school or other medical facility
Veterans – Borrower must be a person who has served in the active military, naval or air service (full time duty in the Armed Forces, other than active duty for training), and who was discharged or released there from under conditions other than dishonorable.
**INTEREST RATE –30 years @ 4.625**
W O W!!
DOWN PAYMENT ASSISTANCE
· $5,000 towards your down payment:
Repayable Loan has an interest rate of 4% and payments will begin the third anniversary of the first payment on the first mortgage. The payment on $5,000.00 will be $92.08 per month for 5 years)
Forgivable Loan requires the borrower to live in the purchased property for five years in order for the loan to be completely forgiven. The loan must be repaid if the Borrower(s) fails to remain in the property for a minimum of 60 months. (20% of the loan amount is forgiven each year)
For more information contact us:
Jodie Ford, Military Homes of Charleston – Charleston Air Force Base/Joint Base Charleston, SC Real Estate For Sale I specialize in helping military families enjoy a smooth PCS in and out of Charleston. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!
