Forgivable Home Grants in Nilwood Illinois
Home Buyer Grants in Nilwood 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 Nilwood, 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 Nilwood 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.
Nilwood is an incorporated town in Macoupin County, Illinois, United States. The population was 284 at the 2000 census.
Nilwood is located at 39°23′50″N 89°48′28″W / 39.39722°N 89.80778°W / 39.39722; -89.80778 (39.397248, -89.807691).[4]