Forgivable Home Grants in Meredosia Illinois
Home Buyer Grants in Meredosia 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 Meredosia, 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 Meredosia 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.
Meredosia is a village in Morgan County, Illinois, United States. The population was 1,041 at the 2000 census. It is part of the Jacksonville Micropolitan Statistical Area.
According to the 2010 census, Meredosia has a total area of 0.867 square miles (2.25 km2), of which 0.83 square miles (2.15 km2) (or 95.73%) is land and 0.037 square miles (0.10 km2) (or 4.27%) is water.[3]