Forgivable Home Grants in Machesney Park Illinois

Home Buyer Grants in Machesney Park 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 Machesney Park, 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 Machesney Park 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.

Machesney Park is a village located in Winnebago County, Illinois, United States. The population was 23,499 at the 2010 census, up from 20,759 in 2000. Machesney Park is a suburb of Rockford, Il and is part of the Rockford, Illinois Metropolitan Statistical Area.

Machesney Park is located at 42°21′18″N 89°2′27″W / 42.35500°N 89.04083°W / 42.35500; -89.04083 (42.354989, -89.040827).[4]