Forgivable Home Grants in New Minden Illinois
Home Buyer Grants in New Minden 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 Minden, 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 Minden 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 Minden is a village in Washington County, Illinois, United States. The population was 215 at the 2010 census.[3] It possessed a post office from 1868 to 1976.[4]
At approximately 12:00pm on November 17, 2013, an EF4 tornado ripped through the town. It destroyed a few houses and caused major damage to St. John’s Lutheran Church. The tornado would cause major damage to Flying M Ranch, which is just northeast of town and caused damage in the Hoyleton area. The tornado was on the ground for 10.6 miles and had winds estimated at 166 MPH. The tornado resulted in two deaths in the New Minden area.[5]