Forgivable Home Grants in Virginia Illinois

Home Buyer Grants in Virginia 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 Virginia, 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 Virginia 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.

Virginia (/vərˈdʒɪniə/ ( listen)), officially the Commonwealth of Virginia, is a state in the Southeastern[6] and Mid-Atlantic[7] regions of the United States located between the Atlantic Coast and the Appalachian Mountains. Virginia is nicknamed the “Old Dominion” due to its status as the first English colonial possession established in mainland North America[8] and “Mother of Presidents” because eight U.S. presidents were born there, more than any other state. The geography and climate of the Commonwealth are shaped by the Blue Ridge Mountains and the Chesapeake Bay, which provide habitat for much of its flora and fauna. The capital of the Commonwealth is Richmond; Virginia Beach is the most populous city, and Fairfax County is the most populous political subdivision. The Commonwealth’s estimated population as of 2017[update] is over 8.4 million.[9]