Forgivable Home Grants in Farmer City Illinois
Home Buyer Grants in Farmer 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 Farmer 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 Farmer 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.
Farmer City is a city in DeWitt County, Illinois, United States. The population was 2,037 at the 2010 census.
Farmer City is part of Blue Ridge Community Unit School District 18 sharing facilities with nearby Mansfield and Bellflower, Illinois. Farmer City facilities include the District Unit Office, the Ruth M. Schneider Elementary School (K-3) and Blue Ridge High School.[citation needed] Blue Ridge received a bronze in the U.S. News and World Report Best High Schools list.[3]