Forgivable Home Grants in Countryside Illinois
Home Buyer Grants in Countryside Illinois
Do you meet the general criteria for a home loan but lack the down payment? Because this happens far too often Smart Mortgage Centers has created forgivable grant programs in Countryside, IL that provide down payment and closing cost assistance for borrowers who would otherwise qualify for a mortgage.
Smart Mortgage Centers offers Homebuyer Grants. To qualify the mortgage will be completed by Smart Mortgage Centers. Grant programs in Countryside are not limited to First Time Homebuyers.
- 580 Credit Score Required
- Grant is completely forgiven – no repayment required!
- Grant can be used for down payment and/or closing costs
- Seller Credit of 6% is allowed
- Gift funds are allowed!
- Borrower(s) not required to be First Time Homebuyers.
- Income limit is based on qualifying income used for transaction, not household income.
In general, a rural area or countryside is a geographic area that is located outside towns and cities.[1] The Health Resources and Services Administration of the U.S. Department of Health and Human Services defines the word rural as encompassing “…all population, housing, and territory not included within an urban area. Whatever is not urban is considered rural.”[2]
Typical rural areas have a low population density and small settlements. Agricultural areas are commonly rural, as are other types of areas such as forest. Different countries have varying definitions of rural for statistical and administrative purposes.