Forgivable Home Grants in Mascoutah Illinois
Home Buyer Grants in Mascoutah 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 Mascoutah, 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 Mascoutah 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.
Mascoutah is a small city in St. Clair County, Illinois, United States, named for the Mascoutens, a tribe of the Illinois Indians.[3] The population was 7,483 at the 2010 census.
The town of Mascoutah was originally established in 1837 as Mechanicsburg. This was disputed with the establishment of a Post Office; the inhabitants were informed that another township in Illinois was already named Mechanicsburg. The town was renamed after the Mascouten tribe, and was officially designated Mascoutah in 1839.[4][3]