Forgivable Home Grants in Mount Vernon Illinois
Home Buyer Grants in Mount Vernon 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 Mount Vernon, 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 Mount Vernon 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.
Mount Vernon was the plantation house of George Washington, the first President of the United States, and his wife, Martha Dandridge Custis Washington. The estate is situated on the banks of the Potomac River in Fairfax County, Virginia, near Alexandria, across from Prince George’s County, Maryland. The Washington family had owned land in the area since the time of Washington’s great-grandfather in 1674. In 1739 they embarked on an expansion of the estate that continued under George Washington, who came into possession of the estate in 1754, but did not become its sole owner until 1761.