Everyone agrees that South Carolina needs more teachers, but now the state is doing what it can to lure new teachers here with generous housing assistance.
The state Housing Authority is making $20 million available for home loans to new teachers. This works out to be approximately 175 new loans (i.e., new teachers) this year, which will feature a 5.9% interest rate and up to $7,000 in down payment assistance (including the possibility of not having to pay the down payment back). Loan amounts of up to $240,000 are available from more than 200 South Carolina lenders.
Price & Company Realty knows a little somthing about teachers. Just ask our very own Bill Lagan!
- Richard Sander, P&C Sales Manager