Forgivable Home Grants in Erie Illinois
Home Buyer Grants in Erie 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 Erie, 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 Erie 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.
Erie (/ˈɪəri/; EE-ree) is a city in and the county seat of Erie County, Pennsylvania, United States. Named for the lake and the Native American tribe that resided along its southern shore, Erie is the fourth-largest city in Pennsylvania, as well as the largest city in Northwestern Pennsylvania,[5] with a population of 101,786 at the 2010 census.[6] The estimated population in 2016 had decreased to 98,593.[4] The Erie metropolitan area, equivalent to all of Erie County, consists of 276,207 residents. The Erie-Meadville, PA Combined Statistical Area has a population of 369,331, as of the 2010 Census.
Erie is halfway between the cities of Buffalo, New York, and Cleveland, Ohio, and due north of Pittsburgh, Pennsylvania. Erie’s manufacturing sector remains prominent in the local economy, though health care, higher education, technology, service industries and tourism are emerging as significant economic drivers. Over four million people visit Erie during summer months for recreation at Presque Isle State Park, as well as attractions such as Waldameer Park.