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

City Lender I - with Down Payment Assistance (City of Columbia) è un prestito condonabile per chi compra casa in Columbia, South Carolina, gestito da 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. I fondi provengono da HOME / CDBG federal funds administered by the City of Columbia Community Development Department.

City Lender I - with Down Payment Assistance (City of Columbia) offre un aiuto fino a $18,500. Il programma chiede a chi compra casa di contribuire con $500 down payment regardless of sales price. Il programma può essere combinato con City Lender I 80/20 first/second mortgage structure. Gli importi sono i massimi pubblicati dal programma, non un'offerta: è City of Columbia Community Development Department a stabilire l'eventuale importo per ciascuna persona.

City Lender I - with Down Payment Assistance (City of Columbia) viene condonato dopo 5 anni, quindi chi resta nella casa per quel periodo non lo restituisce. Il rimborso scatta in caso di 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. L'aiuto è iscritto in posizione City assistance in second (20% City mortgage) and third (forgivable DPA) lien positions behind the partner bank first mortgage. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

City Lender I - with Down Payment Assistance (City of Columbia) è aperto a chi compra casa e ci vivrà come residenza principale. Sul credito, il programma afferma: Credit-worthy buyers; HUD-certified credit counseling required before closing. No numeric minimum stated. È richiesto un corso per chi compra casa, tramite 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 il reddito familiare al 80% del reddito mediano dell'area, che varia in base alla contea e alla dimensione del nucleo familiare. 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. Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

City Lender I - with Down Payment Assistance (City of Columbia) fissa un prezzo di acquisto massimo di $225,000. I tipi di immobile idonei includono Single Family.

City Lender I - with Down Payment Assistance (City of Columbia) si rivolge a chi compra casa in Columbia, South Carolina. Quartieri interessati: Single-family homes within the City of Columbia city limits.

Le domande per City Lender I - with Down Payment Assistance (City of Columbia) passano da City of Columbia Community Development Department, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. Hey Prescott non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.