• Employees with 80% and below HUD Median Income – Down Payment: $500.00
• Employees with 80% and above HUD Median Income – Down Payment: $1000.00

Eligible Borrowers:

• City Of Columbia Employees only- must be employed for twelve months with the City

Eligible Properties:

• Single family detached homes and Fannie Mae approved condominiums.

Property Location:

• Home must be within the City of Columbia corporate city limits.

Loan Structure:

• 1st Mortgage:       75% of Sales Price @ market rate interest for 30 years
• 2nd Mortgage:      25% of Total loan amount @ 2% interest for 30 years

Closing Costs:   Paid by seller or buyer.