Forgivable Home Grants in Fairmont City Illinois

Home Buyer Grants in Fairmont 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 Fairmont 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 Fairmont 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.

Fairmont City is a village in St. Clair and Madison counties, Illinois, United States. The population is currently 2,349 [3]at the 2010 census.[4] In the 1990s Fairmont City’s Hispanic population doubled,[5] and it now has the highest percentage of Hispanics in the entire St. Louis Metropolitan area,[citation needed] with over 71% of the population of Hispanic descent.[6] The Fairmont City Library was International Grand Prize First Place for the Libraryaware for Library-community interaction in 2017 beating out the Kansas City Public Library and Catawba County Library in North Carolina.

Fairmont City is located at 38°39′4″N 90°5′59″W / 38.65111°N 90.09972°W / 38.65111; -90.09972 (38.651200, -90.099788).[7]