Forgivable Home Grants in Lake Petersburg Illinois
Home Buyer Grants in Lake Petersburg 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 Lake Petersburg, 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 Lake Petersburg 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.
Lake Petersburg is a census-designated place in Menard County, Illinois, United States. Its population was 719 as of the 2010 census.[1] The unincorporated community centers on a small reservoir, which is used extensively by residents for recreation.