Forgivable Home Grants in Brookport Illinois
Home Buyer Grants in Brookport 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 Brookport, 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 Brookport 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.
Brookport is a city in Massac County, Illinois, United States. The population was 1,054 at the 2000 census. It is part of the Paducah, KY-IL Micropolitan Statistical Area. The current Mayor of Brookport, Tami Wessel, is one of nine Libertarian mayors in the United States.[3]
Brookport was founded by Charles Pell in 1855. It was originally known as “Pellonia,” after Pell. The small city declined within a few years, but saw a resurgence with the construction of the Illinois Central Railroad nearby in the late 1880s. It was reincorporated as “Brooklyn” in 1888. The name was changed to “Brookport,” a portmanteau of “Brooklyn” and “port,” in 1901.[4][5]