Forgivable Home Grants in South Pekin Illinois

Home Buyer Grants in South Pekin 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 Pekin, 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 Pekin 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 Pekin is a village in Tazewell County, Illinois, United States. The population was 1,146 at the 2010 census and is part of the Peoria, Illinois Metropolitan Statistical Area.

South Pekin was incorporated on April 12, 1917, five miles south of Pekin in an area previously known as “McFadden Flats”. The village is located in Sections 27 and 34 of Cincinnati Township, which was formed in 1850. South Pekin owes its origin to the Chicago and Northwestern Railroad, as a railway station.