Forgivable Home Grants in Tolono Illinois
Home Buyer Grants in Tolono 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 Tolono, 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 Tolono 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.
Tolono is a village in Tolono Township, Champaign County, Illinois, United States. The population was 3,447 at the 2010 census. Its name was fabricated by J.B. Calhoun, land commission of the Illinois Central Railroad, who wrote about it simply: “[I] placed the vowel o three times, thus o-o-o, and filling in with the consonants t-l-n.”[3][4]
Tolono is located at 39°59′10″N 88°15′35″W / 39.98611°N 88.25972°W / 39.98611; -88.25972 (39.986046, -88.259727).[5]