Forgivable Home Grants in Bonnie Illinois
Home Buyer Grants in Bonnie 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 Bonnie, 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 Bonnie 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.
Bonnie is a Scottish given name commonly used for females. It is rarely used as a male given name and is sometimes used as a descriptive reference. It comes from the Scottish word “bonnie” meaning “pretty, attractive”, which was itself derived from Middle French bonne “good” as a way to describe a fair, good and beautiful girl. That is in turn derived from the Latin word “bonus” meaning good. The name can also be used as a pet form of Bonita. Bonnie is often used as a nickname or a form of endearment towards a loved one.
Bonnie is the main character in the Scottish folk song “My Bonnie Lies over the Ocean”. It was covered by The Beatles a year after their formation in 1961, peaking at #5 in a German chart. Legend suggests the album My Bonnie played a role in their early recognition and later success.[citation needed]