Forgivable Home Grants in El Paso Illinois
Home Buyer Grants in El Paso 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 El Paso, 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 El Paso 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.
El Paso (/ɛl ˈpæsoʊ/; from Spanish, “The Pass”) is a city in and the seat of El Paso County, situated in the far western corner of the U.S. state of Texas. As of July 1, 2017, the population estimate for the city from the U.S. Census was 683,577.[3] Its U.S. metropolitan area covers all of El Paso and Hudspeth counties in Texas, and has a population of 844,818.[3] The El Paso metropolitan area forms part of the larger El Paso–Las Cruces CSA, with a population of 1,053,267.[6]