Forgivable Home Grants in Berlin Illinois
Home Buyer Grants in Berlin 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 Berlin, 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 Berlin 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.
Berlin (/bɜːrˈlɪn/; German pronunciation: [bɛɐ̯ˈliːn]) is the capital and largest city of Germany by both area and population, and its 3,711,930 (2017)[1] inhabitants make it the second most populous city proper of the European Union after London.[4] The city is one of Germany’s 16 federal states, and it is surrounded by the state of Brandenburg, the capital of which, Potsdam, is contiguous with Berlin. The two cities are at the center of the Berlin/Brandenburg Metropolitan Region, which is, with 6,004,857 (2015)[5] inhabitants, Germany’s third-largest metropolitan region after the Rhine-Ruhr and Rhine-Main regions.