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Please Note:

We will be performing a system upgrade from Saturday, September 23rd at 8pm until Sunday, September 24th at 12pm. Online, Mobile and Telephone Banking will be temporarily unavailable during this time. We appreciate your patience.

Affordable Housing Program

In Low/Moderate Income Census Tracts or Meets County Income Limits1

Find An Account Executive

If you’re afraid you can’t qualify for a traditional home loan, our Affordable  Housing Program may be for you.

Ask us for information about our Advancing Access Program if the property is located in a Majority Black or Hispanic Census Tract (MBHCT) within the Bank’s Community Reinvestment Act (CRA) Assessment Area.

 

Enjoy features like:

Qualifications

Contact a mortgage representative to find out if you meet income or any additional requirements for this product

Competitive Rates1

Available for purchase money and refinance transactions, for owner-occupied primary 1 to 4-family residences:

  • Located in a low or moderate-income (LMI) census tract in one of Columbia Bank's Community Reinvestment Act (CRA) Assessment Areas

    OR

  • Located anywhere within Columbia Bank’s CRA Assessment Area and the borrower’s eligible qualifying income must be less than 80% of the county median
No PMI Required2

If you qualify for an Affordable Mortgage, there is no private mortgage insurance required

Make An Affordable Mortgage Work For You3

Available on Fixed Rate Mortgages (including FHA and VA), Purchase or Refinance transactions 

Take Advantage Of Our Grant Program

Everything is even more affordable with the ability to add on grants including Columbia's Access Homeownership Grant

First Jersey Title4

Under this program, borrowers can choose to select Columbia Bank's wholly-owned subsidiary, First Jersey Title Services Inc., to further streamline the process for you

[1] All loans are subject to credit approval. Available for purchase money and refinance transactions, for owner-occupied primary 1 to 4-family residences: (a.) located in a low or moderate-income (LMI) census tract in one of Columbia Bank's Community Reinvestment Act (CRA) Assessment Areas OR (b.) located anywhere within Columbia Bank’s CRA Assessment Area and the borrower’s eligible qualifying income must be less than 80% of the county median. Columbia Bank’s CRA Assessment Area is comprised of the following counties: Bergen, Passaic, Middlesex, Monmouth, Morris, Essex, Union, Burlington, Camden, Gloucester, Hudson, Hunterdon, and Somerset. Rates and terms will depend upon several factors including, but not limited to, the loan type, loan size, property type, loan purpose, your credit score, and property value. All loans are subject to credit approval in accordance with Columbia Bank’s lending policies. Certain restrictions apply. This offer can be withdrawn or modified at any time. Contact one of our Account Executives to find out whether your property is in a qualified census tract, and to learn more about income requirements, purchase price limits, current rates, debt-to-income ratio requirements, and fees.

[2] Private Mortgage Insurance [PMI] is not required for purchases with LTVs greater than 80.0% (terms subject to change at any time). Borrowers must have at least 2 months Principal, Interest, Taxes, and Insurance (PITI) in reserves.

[3] Choose from a traditional 0-point mortgage product, our Low Fee Purchase Program, or our $0 Fee Refinance Program. ARMs, Co-ops, and Investor Owned Properties are not eligible. 

[4] First Jersey Title Services, Inc. is a wholly-owned subsidiary of Columbia Bank.

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Investments are NOT FDIC Insured, not Bank guaranteed, not a deposit, and not insured by any federal government agency. Investments may lose value.

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