Forgivable Home Grants in Central City Illinois
Home Buyer Grants in Central City 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 Central City, 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 Central City 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.
In city planning, a central city is the largest or most important city or cities of a metropolitan area, of which the other smaller cities and towns of the metropolitan area are suburbs. A central city is usually the first settlement established in an urban region before the outlying districts came into existence, later in history. Central cities often form the regional downtowns of metro areas.
Central city may also refer to: