Forgivable Home Grants in New Bedford Illinois
Home Buyer Grants in New Bedford 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 New Bedford, 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 New Bedford 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.
New Bedford is a city in Bristol County, Massachusetts, United States. As of the 2010 census, the city had a total population of 95,072,[3] making it the sixth-largest city in Massachusetts. New Bedford is nicknamed “The Whaling City” because during the 19th century, the city was one of the most important whaling ports in the world, along with Nantucket, Massachusetts and New London, Connecticut.[4] The city, along with Fall River and Taunton, make up the three largest cities in the South Coast region of Massachusetts.
Before the 17th century, the Wampanoag, who had settlements throughout southeastern Massachusetts and Rhode Island, including Martha’s Vineyard and Nantucket, were the only inhabitants of the lands along the Acushnet River. Their population is believed to have been about 12,000. While exploring New England, Bartholomew Gosnold landed on Cuttyhunk Island on May 15, 1602. From there, he explored Cape Cod and the neighboring areas, including the site of present-day New Bedford. However, rather than settle the area, he returned to England at the request of his crew.