Forgivable Home Grants in German Valley Illinois
Home Buyer Grants in German Valley 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 German Valley, 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 German Valley 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.
German Valley is a village in Stephenson County, Illinois, United States. German Valley is located four miles south of U.S. Route 20 between Freeport and Rockford. German Valley had a population of 463 at the 2010 census, down from 481 in 2000.
German Valley is located at 42°12′54″N 89°28′39″W / 42.21500°N 89.47750°W / 42.21500; -89.47750 (42.214993, -89.477454).[3]