Forgivable Home Grants in Diamond Illinois
Home Buyer Grants in Diamond 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 Diamond, 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 Diamond 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.
Diamond is a solid form of carbon with a diamond cubic crystal structure. At room temperature and pressure it is metastable and graphite is the stable form, but diamond almost never converts to graphite. Diamond is renowned for its superlative physical qualities, most of which originate from the strong covalent bonding between its atoms. In particular, it has the highest hardness and thermal conductivity of any bulk material. Those properties determine the major industrial applications of diamond in cutting and polishing tools and the scientific applications in diamond knives and diamond anvil cells.