Forgivable Home Grants in Olive Branch Illinois
Home Buyer Grants in Olive Branch 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 Olive Branch, 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 Olive Branch 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.
The olive branch is a symbol of peace or victory deriving from the customs of ancient Greece and found in most cultures of the Mediterranean basin.[1] It became associated with peace in modern Europe and is also used in the Arab world.
In Greek mythology, Athena competed with Poseidon for possession of Athens. Poseidon claimed possession by thrusting his trident into the Acropolis, where a well of sea-water gushed out. Athena took possession by planting the first olive tree beside the well. The court of gods and goddesses ruled that Athena had the better right to the land because she had given it the better gift.[2] Olive wreaths were worn by brides[3] and awarded to olympic victors.[4]