Forgivable Home Grants in Hanna City Illinois
Home Buyer Grants in Hanna City 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 Hanna City, 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 Hanna City 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.
Hanna City is a village in Peoria County, Illinois, United States. The population was 1,013 at the 2000 census. Hanna City is part of the Peoria, Illinois Metropolitan Statistical Area.
Hanna City was founded in 1882 and named after William Hanna (born 1827), who was president of the Peoria-Farmington Railroad, which ran through Hanna City. While originally a farming community, coal was soon discovered under the town. The coal mine was a major factor in the early years of the town and kept it thriving for more than half a century. The main coal mine shaft was near the intersection of Second St and the railroad. Remnants of the coal mine can still be found, e.g., air shaft near old Grade School.[citation needed]