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Get Matched Free →City of Columbia Homeownership Assistance Program
Funding status: Active
How much assistance
$10,000 - $20,000
10-year forgivable loan at 0% interest. Loan is forgiven over 10 years of owner-occupancy; if sold or no longer owner-occupied within the term, a prorated balance is due.
Eligibility
- Income limits: Low-to-moderate income households per HUD income guidelines
- First-time buyer required: Yes — First-time homebuyer, displaced homemaker, or single parent.
- Credit score minimum: 600
- Geographic restrictions: Home must be located within City of Columbia limits. Must avoid flood plains.
- Homebuyer education required: Yes
How to Apply for City of Columbia Homeownership Assistance Program
- Verify your household income is at or below HUD low-to-moderate income guidelines for the Columbia MSA.
- Complete HUD-certified homeownership counseling (Love Columbia and Consumer Credit and Budget Counseling are local HUD-approved options).
- Get pre-approved with a participating lender. Confirm your credit score is at least 600.
- Have your loan officer contact the City of Columbia Housing Programs Division at housingprograms@como.gov or 573-874-7288 to initiate the assistance request.
- Contribute at least $500 of your own cash toward the purchase.
- Close on your home within Columbia city limits and plan to occupy as your primary residence through the full 10-year forgiveness term.
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