Forgivable Home Grants in New Burnside Illinois
Home Buyer Grants in New Burnside 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 New Burnside, 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 New Burnside 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.
New Burnside is a village in Johnson County, Illinois, United States. The population was 211 at the 2010 census.[3]
In 1878, New Burnside peaked in population at 1,200 when the railroad ran through the middle of the town. The population decreased gradually after the railroad was abandoned. More recently, the Tunnel Hill State Trail for bicycles was built along the abandoned line. The village was founded in 1872, and was a Cairo and Vincennes Railroad boom-town. Much of its founding was based on the same coal mining industry that grew Harrisburg and Carrier Mills, but slowly turned to an orchard-based economy by 1900. It was named after Civil War general Ambrose Burnside.