Forgivable Home Grants in Hanover Illinois
Home Buyer Grants in Hanover 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 Hanover, 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 Hanover 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.
Hanover or Hannover (/ˈhænoʊvər, -nə-/; German: Hannover [haˈnoːfɐ] ( listen)), on the River Leine, is the capital and largest city of the German state of Lower Saxony (Niedersachsen), and was once by personal union the family seat of the Hanoverian Kings of the United Kingdom of Great Britain and Ireland, under their title as the dukes of Brunswick-Lüneburg (later described as the Elector of Hanover). At the end of the Napoleonic Wars, the Electorate was enlarged to become a Kingdom with Hanover as its capital.
From 1868 to 1946 Hanover was the capital of the Prussian Province of Hanover and afterward of the Hanover administrative region until that was abolished in 2005. Since 2001 it has been part of the Hanover district (Region Hannover), which is a municipal body made up of the former district (Landkreis Hannover) and city of Hanover (note: although both Region and Landkreis are translated as district they are not the same).