Forgivable Home Grants in Glen Carbon Illinois
Home Buyer Grants in Glen Carbon 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 Glen Carbon, 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 Glen Carbon 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.
Glen Carbon is a village in Madison County, Illinois, United States, 19 miles (31 km) northeast of St. Louis. The population was 12,934 at the 2010 census.[3]
In 1801, Colonel Samuel Judy received a military grant for 100 acres (0.40 km2) of land near the base of the bluffs, just north of Judy Creek, and became one of the first permanent settlers of Madison County. The land was called Goshen Settlement, after the biblical land of Goshen.[4] It was renamed Glen Carbon to reflect its coal mining heritage. Glen Carbon was incorporated as a village in 1892.[5] It operated many coal mines until the last one shut down in 1934. Another industry was the St. Louis brick company, which burned down in the 1930s; then, right after being rebuilt, it burned down and was never rebuilt again.