South Carolina State Housing Finance and Development Authority
300-C Outlet Pointe Blvd., Columbia, South Carolina 29210
Telephone: (803) 896-9396 FAX: (803) 896-8589
RATE SHEET FOR LENDERS
Effective Date: 12:00 PM April 16, 2010
CATEGORY I
Above 80% of Medium Income
See Income Charts for each County
DOWN PAYMENT ASSISTANCE AVAILABLE
Rate
First-Time Homebuyer Program
$5,000 Repayable
5.250
Single Parent Program
(First time homebuyer requirement waived)
$5,000 Repayable
5.250
Disability Program
(First time homebuyer requirement waived)
$5,000 Repayable
5.000
CATEGORY II
50.01% to 80% of Median Income
See Income Charts for each County
DOWN PAYMENT ASSISTANCE AVAILABLE
Rate
First-Time Homebuyer Program
$5,000 Forgivable
5.250
Single Parent Program
(First time homebuyer requirement waived)
$5,000 Forgivable
5.250
Disability Program
(First time homebuyer requirement waived)
$5,000 Forgivable
5.000
CATEGORY III
50% and below of Median Income
See Income Charts for each County
DOWN PAYMENT ASSISTANCE AVAILABLE
Rate
First-Time Homebuyer Program
$5,000 Forgivable
5.000
Single Parent Program
(First time homebuyer requirement waived)
$5,000 Forgivable
5.000
Disability Program
(First time homebuyer requirement waived)
$5,000 Forgivable
5.000
All the rates, fees, and terms on this sheet are for informational purposes for participating lenders only and are subject to change without notice. The customer’s rate will be the rate that is in effect on the date and time that the reservation is received by the Authority. For the APR (annual percentage rate), please contact one of our participating lending partners.
FOR ADDITIONAL INFORMATION SEE OUR WEBSITE
www.schousing.com
South Carolina State Housing Finance and Development Authority
300-C Outlet Pointe Blvd., Columbia, South Carolina 29210
Telephone: (803) 896-9396 FAX: (803) 896-8589
RATE SHEET FOR LENDERS
PALMETTO HEROES PROGRAM
Effective Date: 12:00 PM April 16, 2010
CATEGORY I
Above 80% of Medium Income
See Income Charts for each County
DOWN PAYMENT ASSISTANCE AVAILABLE
Rate
Palmetto Heroes Homebuyer Program
$5,000, $6,000 or $7,000 Repayable
5.125
CATEGORY II
50.01% to 80% of Median Income
See Income Charts for each County
DOWN PAYMENT ASSISTANCE AVAILABLE
Rate
Palmetto Heroes Homebuyer Program
$7,000 Forgivable
5.125
All the rates, fees, and terms on this sheet are for informational purposes for participating lenders only and are subject to change without notice. The customer’s rate will be the rate that is in effect on the date and time that the reservation is received by the Authority. For the APR (annual percentage rate), please contact one of our participating lending partners.
FOR ADDITIONAL INFORMATION SEE OUR WEBSITE www.schousing.com
Friday, April 16, 2010
Tuesday, November 10, 2009
A Video Addressing the New Tax Credit
New Tax Credit Complete FAQ's Inside - 11.09.09
Watch Video We've found the site that has every little detail about the new tax credit for you.
http://www.thinkbigworksmall.com/mypage/player/tbws/19718/883760
Watch Video We've found the site that has every little detail about the new tax credit for you.
http://www.thinkbigworksmall.com/mypage/player/tbws/19718/883760
$8,000 Tax Credit Extended and a New "Step-Up" Tax Credit Initiated
First-time Homebuyers
The measure will extend the first-time homebuyer tax credit until April 30, 2010. In addition, those who have signed a contract before May 1, 2010 will have 60 days to close on the home. Increases the income limits to $125,000 on a single return and $225,000 on a joint return (from $75,000 and $150,000, respectively). Those who purchase in 2010 will be able to claim credit on 2009 tax return. Definition of first-time buyer remains the same as those who have not owned a home in the last three years. The credit will remain at $8,000.
Step-up Buyers
Those who have owned the same home for 5 consecutive of the last 8 years will be eligible for a $6,500 tax credit. The $6,500 tax credit will be eligible for purchases between December 1, 2009 and May 1, 2010 and will have 60 days to close on the home. The income limits are also $125,000 on a single return and $225,000 on a joint return and have a $20,000 phase-out thereafter. Those who purchase in 2010 will be able to claim the credit on 2009 tax return.
The measure will extend the first-time homebuyer tax credit until April 30, 2010. In addition, those who have signed a contract before May 1, 2010 will have 60 days to close on the home. Increases the income limits to $125,000 on a single return and $225,000 on a joint return (from $75,000 and $150,000, respectively). Those who purchase in 2010 will be able to claim credit on 2009 tax return. Definition of first-time buyer remains the same as those who have not owned a home in the last three years. The credit will remain at $8,000.
Step-up Buyers
Those who have owned the same home for 5 consecutive of the last 8 years will be eligible for a $6,500 tax credit. The $6,500 tax credit will be eligible for purchases between December 1, 2009 and May 1, 2010 and will have 60 days to close on the home. The income limits are also $125,000 on a single return and $225,000 on a joint return and have a $20,000 phase-out thereafter. Those who purchase in 2010 will be able to claim the credit on 2009 tax return.
Thursday, October 8, 2009
Check out these great websites!!!
Downtown Greenville continues to astound us and these website show exactly why!!!
www.iwasblownaway.com
www.thrivedowntown.com
www.iwasblownaway.com
www.thrivedowntown.com
Monday, September 21, 2009
Tuesday, September 1, 2009
Young Team ranked #10 among SC RE/MAX teams!!!
We did it!!! The Young Team was recently ranked #10 in terms of sales among all of the SC RE/MAX teams!!! We accept this distinction with great pride and hope that you will see this as an opportunity to use one of our astounding agents on your next real estate deal!!!
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