Forgivable Home Grants in Benld Illinois
Home Buyer Grants in Benld 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 Benld, 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 Benld 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.
Benld /bəˈnɛld/ is a city in Macoupin County, Illinois, United States. The population was 1,541 at the 2000 census. The name derives from founder Benjamin L. Dorsey (d.June 19, 1895).
Dorsey was responsible for gaining the land on which the town was built and coal mining rights. When it came time to name the village, he took the combination of his first name and his middle and last initial.[4][5]