Forgivable Home Grants in Eldorado Illinois

Home Buyer Grants in Eldorado 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 Eldorado, 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 Eldorado 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 Dorado (pronounced [el doˈɾaðo], English: /ˌɛl dəˈrɑːdoʊ/; Spanish for “the golden one”), originally El Hombre Dorado (“The Golden Man”) or El Rey Dorado (“The Golden King”), was the term used by the Spanish Empire to describe a mythical tribal chief (zipa) of the Muisca native people in then Spanish colonial province of Colombia, who, as an initiation rite, covered himself with gold dust and submerged in Lake Guatavita. The legends surrounding El Dorado changed over time, as it went from being a man, to a city, to a kingdom, and then finally to an empire.

A second location for El Dorado was inferred from rumors, which inspired several unsuccessful expeditions in the late 1500s in search of a city called Manõa on the shores of Lake Parime. Two of the most famous of these expeditions were led by Sir Walter Raleigh. In pursuit of the legend, Spanish conquistadors and numerous others searched Colombia, Venezuela, and parts of Guyana and northern Brazil for the city and its fabulous king. In the course of these explorations, much of northern South America, including the Amazon River, was mapped. By the beginning of the 19th century, most people dismissed the existence of the city as a myth.[1]