Forgivable Home Grants in Pontiac Illinois
Home Buyer Grants in Pontiac 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 Pontiac, 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 Pontiac 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.
Pontiac was a car brand that was owned, made, and sold by General Motors. Introduced as a companion make for GM’s more expensive line of Oakland automobiles,[1] Pontiac overtook Oakland in popularity and supplanted its parent brand entirely by 1933.
Sold in the United States, Canada, and Mexico by GM, Pontiac was advertised as the performance division of General Motors from the 1960s onward.[2]