Forgivable Home Grants in Menominee Illinois

Home Buyer Grants in Menominee 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 Menominee, 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 Menominee 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.

The Menominee (/məˈnɑːməˌni/; also spelled Menomini, derived from the Ojibwe language word for “Wild Rice People;” known as Mamaceqtaw, “the people,” in the Menominee language) are a federally recognized nation of Native Americans, with a 353.894 sq mi (916.581 km2) reservation in Wisconsin. Their historic territory originally included an estimated 10 million acres (40,000 km2) in present-day Wisconsin and the Upper Peninsula of Michigan. The tribe currently has about 8,700 members.

The tribe was terminated in the 1960s under policy of the time which stressed assimilation. During that period, they brought what has become a landmark case in Indian law to the United States Supreme Court, in Menominee Tribe v. United States (1968), to protect their treaty hunting and fishing rights. The Wisconsin Supreme Court and the United States Court of Claims had drawn opposing conclusions about the effect of the termination on Menominee hunting and fishing rights on their former reservation land. The U.S. Supreme Court determined that the tribe had not lost traditional hunting and fishing rights as a result of termination, as Congress had not clearly ended these in its legislation.