City Lender I - with Down Payment Assistance (City of Columbia)

City Lender I - with Down Payment Assistance (City of Columbia) es un préstamo condonable para compradores de vivienda en Columbia, South Carolina, a cargo de City of Columbia Community Development Department. The City of Columbia City Lender I program helps income-eligible buyers purchase a single-family home within the City of Columbia city limits. Financing is structured 80/20: a partner bank holds an 80% first mortgage while the City holds a 20% second mortgage at 4% for 30 years (blended 4% rate, no PMI). The buyer puts only $500 down regardless of sales price. Eligible borrowers may also receive up to $18,500 in down payment/closing cost assistance as a forgivable third mortgage forgiven over 5 years of continuous residence. Maximum purchase price is $225,000. $500 down payment regardless of sales price. Up to $18,500 DPA as a forgivable third mortgage (forgiven over 5 years). City 20% second mortgage at 4% for 30 years. No private mortgage insurance. Los fondos provienen de HOME / CDBG federal funds administered by the City of Columbia Community Development Department.

City Lender I - with Down Payment Assistance (City of Columbia) ofrece hasta $18,500 de ayuda. El programa pide a los compradores de vivienda aportar $500 down payment regardless of sales price. El programa se puede combinar con City Lender I 80/20 first/second mortgage structure. Los montos son los máximos publicados por el programa, no una oferta: City of Columbia Community Development Department determina cualquier ayuda individual.

City Lender I - with Down Payment Assistance (City of Columbia) se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Sale, transfer, or loss of owner-occupancy before completing 5 years (forgivable third mortgage); City second mortgage repaid per its 30-year amortization or upon sale/transfer. La ayuda se registra con un gravamen en posición City assistance in second (20% City mortgage) and third (forgivable DPA) lien positions behind the partner bank first mortgage. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

City Lender I - with Down Payment Assistance (City of Columbia) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: Credit-worthy buyers; HUD-certified credit counseling required before closing. No numeric minimum stated. Se requiere un curso de educación para compradores de vivienda, a través de Homeownership training by an approved organization/agency/community college or bank-supervised self-study; HUD-certified credit counseling. City of Columbia and Columbia Housing Authority also provide counseling. Forgivable third-mortgage DPA up to $18,500 forgiven over 5 years of continuous residence (subject to fund availability). City second mortgage is 20% of the loan at 4% for 30 years. No cash back. Contracts must require all loose/flaking/peeling paint repaired before closing and allow at least 45 days to closing. HUD-certified credit counseling and homeownership training required before closing. Applicant cannot own any other improved property at closing. Property must remain owner-occupied while the City holds a mortgage. Companion City Lender II program is temporarily on hold (Dec 2025).

City Lender I - with Down Payment Assistance (City of Columbia) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Owner-occupied loans only. Max income by household size (City Lender I, rev. 5/11/2026, Columbia SC HMFA): 1 $51,750; 2 $59,150; 3 $66,550; 4 $73,900; 5 $79,850; 6 $85,750. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

City Lender I - with Down Payment Assistance (City of Columbia) limita el precio de compra a $225,000. Los tipos de propiedad elegibles incluyen Single Family.

City Lender I - with Down Payment Assistance (City of Columbia) atiende a compradores de vivienda que compran en Columbia, South Carolina. Vecindarios prioritarios: Single-family homes within the City of Columbia city limits.

Las solicitudes de City Lender I - with Down Payment Assistance (City of Columbia) se tramitan a través de City of Columbia Community Development Department, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.