Please contact one of the lenders on this list for qualification. The lender will let you know if you will qualify for a first mortgage loan and the City Downpayment Program. If you should have any further questions, please call Jean Cocroft at 645-7255. To learn how HUD calculates these income limits click here. Foster children are not counted as family members when determining family size to compare with the Income Limits.
Family members living apart from the family also require special consideration.
The income of temporarily absent family members is counted in Annual Income-regardless of the amount the absent member contributes to the household. If the adult student is counted as a member of the household in determining the Income Limit used for eligibility of the family, the student's income must be counted in the family's income. An example is a student who spends holidays and summer recess in the household while pursuing a full-time education. Exceptions to the maximum cash on hand after settlement will be made for assets related to permanent injury awards, 401k plans or pension accounts, business assets used for the sole purpose of operating a self employed business. The Property must be located within the City of Columbus corporate limits and within the Columbus Public School District.