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

City Lender I - with Down Payment Assistance (City of Columbia) é um empréstimo perdoável para compradores de imóveis em Columbia, South Carolina, administrado por 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. Os recursos vêm de HOME / CDBG federal funds administered by the City of Columbia Community Development Department.

City Lender I - with Down Payment Assistance (City of Columbia) oferece até $18,500 de ajuda. O programa pede que os compradores de imóveis contribuam com $500 down payment regardless of sales price. O programa pode ser combinado com City Lender I 80/20 first/second mortgage structure. Os valores são os máximos publicados pelo programa, não uma oferta — City of Columbia Community Development Department define qualquer ajuda individual.

City Lender I - with Down Payment Assistance (City of Columbia) é perdoado após 5 anos, então o comprador de imóvel que permanecer esse tempo não o devolve. O reembolso é acionado 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. A ajuda é registrada como ônus em posição City assistance in second (20% City mortgage) and third (forgivable DPA) lien positions behind the partner bank first mortgage. As condições de perdão e reembolso são definidas pelo programa e podem mudar — confirme-as na página oficial do programa antes de se inscrever.

City Lender I - with Down Payment Assistance (City of Columbia) é aberto a compradores de imóveis que vão morar no imóvel como residência principal. Sobre crédito, o programa afirma: Credit-worthy buyers; HUD-certified credit counseling required before closing. No numeric minimum stated. É exigido um curso de educação para compradores de imóveis, por meio 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 a renda familiar a 80% da renda mediana da região, que varia conforme o condado e o tamanho da família. 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. O limite vale para a renda total da família, não só a do mutuário. Os valores da renda mediana da região são publicados pelo HUD e atualizados todo ano, então confira a tabela atual do condado antes de se basear em um número.

City Lender I - with Down Payment Assistance (City of Columbia) limita o preço de compra a $225,000. Os tipos de imóvel elegíveis incluem Single Family.

City Lender I - with Down Payment Assistance (City of Columbia) atende compradores de imóveis que compram em Columbia, South Carolina. Bairros prioritários: Single-family homes within the City of Columbia city limits.

As inscrições para City Lender I - with Down Payment Assistance (City of Columbia) são feitas por meio de City of Columbia Community Development Department, que publica as condições atuais e as etapas da inscrição no próprio site. A Hey Prescott não é uma credora e não aceita inscrições; esta página descreve o programa para que um comprador de imóvel possa levá-lo a um credor ou a um conselheiro habitacional.