Forgivable Home Grants in Momence Illinois
Home Buyer Grants in Momence 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 Momence, 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 Momence 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.
Momence is a city in Kankakee County, Illinois, United States. The population was 3,171 at the 2000 census, and 3,310 in 2010. It is part of the Kankakee–Bradley Metropolitan Statistical Area.
According to the 2010 census, Momence has a total area of 1.627 square miles (4.21 km2), of which 1.53 square miles (3.96 km2) (or 94.04%) is land and 0.097 square miles (0.25 km2) (or 5.96%) is water.[3]