Forgivable Home Grants in Caledonia Illinois

Home Buyer Grants in Caledonia 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 Caledonia, 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 Caledonia 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.

Caledonia is the Latin name given by the Romans to the land in today’s Scotland, north of their province of Britannia, beyond the frontier of their empire. The etymology of the name is probably from a P-Celtic source. Its modern usage is as a romantic or poetic name for Scotland as a whole, comparable with Hibernia for Ireland and Cambria for Wales.