Forgivable Home Grants in Fidelity Illinois
Home Buyer Grants in Fidelity 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 Fidelity, 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 Fidelity 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.
Fidelity is the quality of faithfulness or loyalty. Its original meaning regarded duty in a broader sense than the related concept of fealty. Both derive from the Latin word fidēlis, meaning “faithful or loyal”. In the City of London financial markets it has traditionally been used in the sense encompassed in the motto “My word is my bond”.
In audio, “fidelity” denotes how accurately a copy reproduces its source. For example, a worn gramophone I record will have a lower fidelity than one in good condition, and a recording made by a low budget record company in the early 20th century is likely to have significantly less audio fidelity than a good modern recording. In the 1950s, the terms “high fidelity” or “hi-fi” were popularized for equipment and recordings which exhibited more accurate sound reproduction. Similarly in electronics, fidelity refers to the correspondence of the output signal to the input signal, rather than sound quality, as in the popular internet connection technology “Wi-Fi”.