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 Cave-In-Rock, 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 Cave-In-Rock 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.