Forgivable Home Grants in Pontoosuc Illinois
Home Buyer Grants in Pontoosuc 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 Pontoosuc, 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 Pontoosuc 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.
Pontoosuc is a village in Hancock County, Illinois, United States. The population was 146 at the 2010 census,[3] down from 171 at the 2000 census.
Pontoosuc is located in northern Hancock County at 40°37′46″N 91°12′35″W / 40.62944°N 91.20972°W / 40.62944; -91.20972 (40.629520, -91.209603).[4] It is bordered to the north by the Mississippi River, which forms the state border with Iowa, and to the east by Dallas City. Illinois Route 9 passes through the village, leading east into Dallas City and west 5 miles (8 km) to the Fort Madison Toll Bridge over the Mississippi. Illinois Route 96 passes through Pontoosuc concurrently with IL-9 but leads southwest 13 miles (21 km) to Nauvoo.