Forgivable Home Grants in Freeman Spur Illinois
Home Buyer Grants in Freeman Spur 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 Freeman Spur, 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 Freeman Spur 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.
Freeman Spur is a village in Franklin and Williamson counties in the U.S. state of Illinois. The population was 287 at the 2010 census.[3]
According to the 2010 census, Freeman Spur has a total area of 0.403 square miles (1.04 km2), of which 0.4 square miles (1.04 km2) (or 99.26%) is land and 0.003 square miles (0.01 km2) (or 0.74%) is water.[4]