Forgivable Home Grants in Albion Illinois
Home Buyer Grants in Albion 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 Albion, 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 Albion 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.
Albion (Ancient Greek: Ἀλβιών) is the oldest known name of the island of Great Britain. Today, it is still sometimes used poetically to refer to the island. The name for Scotland in the Celtic languages is related to Albion: Alba in Scottish Gaelic, Albain (genitive Alban) in Irish, Nalbin in Manx and Alban in Welsh, Cornish, and Breton. These names were later Latinised as Albania and Anglicised as Albany, which were once alternative names for Scotland.
New Albion and Albionoria (“Albion of the North”) were briefly suggested as names of Canada during the period of the Canadian Confederation.[1][2] Arthur Phillip, first leader of the colonisation of Australia, originally named Sydney Cove “New Albion”, but later the colony acquired the name “Sydney”.[3][4][5]