Columbia Bank recently announced the launch of its “Advancing Access” special purpose credit program, through which it aims to advance homeownership in the state through affordable loan solutions in Black and Hispanic neighborhoods. Over a three-year period, the Bank will pledge approximately $125 million in principal loan originations at subsidized rates, and $3 million in subsidy grants. Any borrower seeking to purchase or refinance a home in these communities, regardless of race or ethnicity, is welcome to apply. Eligible borrowers can take advantage of:

• Discounted rates
• Grant funding up to $10,000 to assist with down payment or closing costs
• Ability to combine with existing grants for eligible borrowers within low-to-moderate income census tracts
• Private Mortgage Insurance (PMI) waiver
• Special underwriting requirements, including lower FICO score requirements

Allotments have been assigned per census tract and may be fully deployed at the time of application. Contact Columbia Bank to verify funding availability. To learn more about the program, visit columbiabankonline.com