Forgivable Home Grants in Peoria Heights Illinois
Home Buyer Grants in Peoria Heights 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 Peoria Heights, 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 Peoria Heights 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.
Peoria Heights is a village lying almost entirely in Peoria County in the U.S. state of Illinois. The population was 6,156 at the 2010 census, down from 6,635 in 2000. Peoria Heights is a suburb of Peoria and is surrounded by the city except for its eastern boundary on Peoria Lake, a relatively wider section of the Illinois River. It is part of the Peoria, Illinois Metropolitan Statistical Area.
According to the 2010 census, Peoria Heights has a total area of 6.969 square miles (18.05 km2), of which 2.65 square miles (6.86 km2) (or 38.03%) is land and 4.319 square miles (11.19 km2) (or 61.97%) is water.[4] That most of the village is water is due to the fact that most of Upper Peoria Lake lies within its boundaries;[5] this can be seen on official state maps.[6]