Forgivable Home Grants in Silvis Illinois
Home Buyer Grants in Silvis 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 Silvis, 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 Silvis 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.
Silvis is a city in Rock Island County, Illinois, United States. It is part of a larger metropolitan area known as the Quad Cities. The Quad Cities Metropolitan Area is situated across four counties in Illinois and Iowa. Silvis is the first community one encounters when entering the Quad Cities from the east on Interstate 88. Four miles from the intersection of Interstate 80 and Interstate 88, Chicago, Des Moines and Omaha are just a few hours away.[3]
As of 2014, the population is: 7,604.[5] 2,984 households, and 1,939 families residing in the city. The population density was 1,993.8 people per square mile (768.9/km²). There were 3,135 housing units at an average density of 859.9 per square mile (331.6/km²). The racial makeup of the city was 86.09% White, 3.45% African American, 0.47% Native American, 0.81% Asian, 6.51% from other races, and 2.67% from two or more races. Hispanic or Latino of any race were 14.36% of the population.