Forgivable Home Grants in Valmeyer Illinois
Home Buyer Grants in Valmeyer 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 Valmeyer, 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 Valmeyer 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.
Valmeyer is a village in Monroe County in the U.S. state of Illinois, on the Mississippi River. The population was 1,263 at the 2010 census.
Valmeyer was named after a German immigrant who settled there, Val-Meyer, literally:”The valley of the Meyers”. Many of his relations and descendants live in the area to this day. The original site of the village in the American Bottom floodplain was inundated by the Great Flood of 1993 of the Mississippi River. After the flood receded, the village accepted federal government assistance to relocate to higher ground about 2 miles (3.2 km) to the east atop the bluffs, on the north side of the eponymous valley.