Forgivable Home Grants in Monmouth Illinois

Home Buyer Grants in Monmouth 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 Monmouth, 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 Monmouth 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.

Monmouth (/ˈmɒnməθ/ MON-məth, /ˈmʌn-/ MUN-; Welsh: Trefynwy meaning “town on the Monnow”) is the historic county town of Monmouthshire, Wales and a community. It is situated where the River Monnow meets the River Wye, within 2 miles (3.2 km) of the border with England. The town is 30 miles (48 km) northeast of Cardiff, and 113 miles (182 km) west of London. It is within the Monmouthshire local authority, and the parliamentary constituency of Monmouth. Monmouth’s population in the 2011 census was 10,508, rising from 8,877 in 2001.