Forgivable Home Grants in New Douglas Illinois
Home Buyer Grants in New Douglas 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 Douglas, 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 Douglas 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 Douglas is a village in Madison County, Illinois, United States. The population was 319 at the 2010 census.[3] It is a community that was centered on the local coal mines and farming in the early 1900s. When need for coal dropped in the 1950s the town fell back on its farming roots, mostly of corn and soybeans.
New Douglas was laid out about 1857.[4]