Forgivable Home Grants in Tallula Illinois
Home Buyer Grants in Tallula 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 Tallula, 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 Tallula 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.
Tallula is a village in Menard County, Illinois, United States. It was founded in 1857 by William G. Greene. The population was 638 at the 2000 census. It is part of the Springfield, Illinois Metropolitan Statistical Area.
William G. Greene, J. G. Greene, Richard Yates, T. Baker, and W. G. Spears laid out Tallula in late 1857. The name of “Tallula” was said to be an Indian word. The History of Menard & Mason Counties, Illinois credits Spears with the name, and notes that it was said to mean “dropping water”, but nothing in the area is especially related to dropping water;[4] the county tourist bureau claims that William G. Greene named the town, that it means “trickling water”, and that it is related to “abundant springs in the area”.[5]