Forgivable Home Grants in South Beloit Illinois
Home Buyer Grants in South Beloit 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 South Beloit, 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 South Beloit 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.
South Beloit is a city located in Winnebago County, Illinois, United States. It is part of the Rockford, Illinois Metropolitan Statistical Area, but it is essentially a suburban extension of Beloit, WI, which is directly along the city’s northern border. At the 2010 census, the city’s population was 7,892, up from 5,297 in 2000.
South Beloit is located at 42°29′03″N 89°02′19″W / 42.484228°N 89.038586°W / 42.484228; -89.038586 (42.484228, -89.038586).[4]