Forgivable Home Grants in South Wilmington Illinois

Home Buyer Grants in South Wilmington 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 Wilmington, 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 Wilmington 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 Wilmington is a village in Grundy County, Illinois, United States. The population was 681 at the 2010 census.

Although the name might indicate proximity to the city of Wilmington, South Wilmington is approximately 11 miles southwest of Wilmington, and is separated from it by several communities, including Gardner, Braceville, Godley, and Braidwood.