Forgivable Home Grants in Ridge Farm Illinois
Home Buyer Grants in Ridge Farm 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 Ridge Farm, 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 Ridge Farm 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.
Ridge Farm is a village in Elwood Township, Vermilion County, Illinois, United States. It is part of the Danville, Illinois Metropolitan Statistical Area. The population was 912 at the 2000 census.
The town of Ridge Farm was named after Abraham Smith’s Ridge Farm, located on a ridge of land running east to west through Elwood Township. The post office was established on May 17, 1841.[4]