City of Columbus Down Payment Assistance
Provider: City of Columbus
Eligible Area: City of Columbus
Max AMI Limit: 80%
Maximum Amount: Up to 6% or $5,000 of purchase price (whichever is less) for down payment, eligible closing cost and/or principal reduction.
Description: Property must be located within the Columbus Public School Disctrict. The first 3 digits of the property parcel number must be 010. Go to Franklin County Auditor's website to determine parcel number**. Eligible borrowers must be a first time buyer (first time buyer is defined as an individual who has not owned a home in the last 36 months). Borrower must attend a home buyer education workshop. Borrower may not have more then $5,000 in liquid assets (excluding retirement/401k). Must have $500 of own funds. CAN be combined with other types of assistance. City will place a loan on the property for these funds but it will be forgiven after 5 years as long as borrower occupied and no cash out refi's.
Contact: City of Columbus
(614) 645-7986
** Please have your lender contact.**
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