Forgivable Home Grants in Alorton Illinois
Home Buyer Grants in Alorton 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 Alorton, 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 Alorton 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.
Alorton (formerly Alcoa) is a village in St. Clair County, Illinois, United States. The estimated 2012 population was 1,964.[3] The population was 2,002 in 2010, down from 2,749 in 2000.[4]
Alorton was home to Cahokia Downs, an American horse racing track located on Highway 15 which hosted both Standardbred harness racing and Thoroughbred flat racing events from 1954 until 1979.