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South Carolina program

Palmetto Home Advantage

South Carolina route through SC Housing. This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

Forgivable second mortgage Forgivable if occupancy holds 2026-04-19
Agency SC Housing
Support type Forgivable second mortgage
Amount highlight Forgivable down payment assistance of 0%, 3%, or 4% of the loan amount with no monthly payment.
Last verified 2026-04-19

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Confirm the exact forgiveness track

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

The consumer page clearly states the 0%, 3%, and 4% options and no monthly payment, but it does not spell out the full forgiveness schedule on this page.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to South Carolina program hub if you need the wider state context.

Amount

Forgivable down payment assistance of 0%, 3%, or 4% of the loan amount with no monthly payment.

Type

Forgivable second mortgage

Repayment

The cited consumer page says the program offers forgivable down payment assistance with no monthly payment. Buyers should use the program handout and approved lender to confirm the exact forgiveness term and any repayment triggers for the chosen option.

First-time buyer

Not required

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

First-time homebuyers, Move-up buyers, Repeat buyers, Borrowers with a minimum 640 credit score

What support do you get?

Forgivable down payment assistance of 0%, 3%, or 4% of the loan amount with no monthly payment.

Do you repay it?

The cited consumer page says the program offers forgivable down payment assistance with no monthly payment. Buyers should use the program handout and approved lender to confirm the exact forgiveness term and any repayment triggers for the chosen option.

How do you apply?

Use one of SC Housing's approved lending partners to apply for a Conventional, FHA, VA, or USDA first mortgage paired with a Palmetto Home Advantage assistance option.

Application timing

Rate locks are accepted through SC Housing for 60 days, loans must close and fund with Lakeview by lock expiration, extensions are available up to 30 total days, and the closed loan file must be delivered to Lakeview within 2 days of lock expiration.

Official source evidence

The official Palmetto Home Advantage page says the program serves first-time, move-up, and repeat buyers across all 46 South Carolina counties, requires a 640 credit score, uses a borrower income limit of $135,750, and offers forgivable down payment assistance worth 0%, 3%, or 4% of the loan amount with no monthly payment.

View official source

Last verified

2026-04-19

Effective date not captured.

Paid preview

What paid access adds for Palmetto Home Advantage

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

Palmetto Home Advantage

Amount: Forgivable down payment assistance of 0%, 3%, or 4% of the loan amount with no monthly payment.

Repayment: The cited consumer page says the program offers forgivable down payment assistance with no monthly payment. Buyers should use the program handout and approved lender to confirm the exact forgiveness term and any repayment triggers for the chosen option.

First-time buyer: Not required

Timing: Rate locks are accepted through SC Housing for 60 days, loans must close and fund with Lakeview by lock expiration, extensions are available up to 30 total days, and the closed loan file must be delivered to Lakeview within 2 days of lock expiration.

Risk checks preview

What gets flagged before you call a lender

This panel starts filling as soon as the program structure creates a real repayment or lender-fit question.

Lender questions preview

Questions tied to this exact path

  • Which document version should control Palmetto Home Advantage right now: program guide, fact sheet, or lender packet?
  • Which official document should I keep in the file first for Palmetto Home Advantage: Program page?

Action checklist preview

What you would do next

  • Review the official Program page for Palmetto Home Advantage
Open the full South Carolina board

Paid research preview

What paid research already covers in South Carolina

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for South Carolina.

8 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

6 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

Open the full South Carolina board

Private workspace

What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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Full state board

See what this should be compared against

8 tracked deeper leads sit behind the full South Carolina board around this program.

Open the full South Carolina board

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Use the paid layer for overlap checks, repayment friction, occupancy traps, and lender questions tied to this exact program.

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