Forgivable Home Grants in Melvin Illinois
Home Buyer Grants in Melvin 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 Melvin, 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 Melvin 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.
Melvin is a surname, and a masculine given name derived from the surname.
The surname probably arose as a variant of Melville, recorded as early as in the 12th century (as de Maleuin), in the 16th century as Melwin.[1]
The Scottish surname is recorded in colonial America in the late 17th century.[2]
The given name is recorded since the at least the 1870s (Melvin R. Laird, Sr. 1877-1946).