Forgivable Home Grants in Royal Lakes Illinois
Home Buyer Grants in Royal Lakes 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 Royal Lakes, 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 Royal Lakes 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.
Royal Lakes is a village in Macoupin County, Illinois, United States. The population was 190 at the 2000 census. A July 1, 2008 U.S. Census Bureau estimate placed the population at 184.[4]
Royal Lakes is located at 39°6′42″N 89°57′38″W / 39.11167°N 89.96056°W / 39.11167; -89.96056 (39.1116990, -89.9606600)[3] in Hillyard Township in southern Macoupin County. Royal Lakes lies at the southwestern corner of two intersecting roads, Illinois Route 16 and Illinois Route 159. The nearest large cities are St. Louis, approximately 50 miles (80 km) to the southwest and Springfield, around 60 miles (97 km) northeast of the village.