Forgivable Home Grants in Wamac Illinois
Home Buyer Grants in Wamac 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 Wamac, 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 Wamac 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.
Wamac is a city in Clinton, Marion, and Washington counties in the U.S. state of Illinois. The population was 1,185 at the 2010 census.[3] Incorporated as a city on July 25, 1916, Wamac derives its name from the three counties.
Wamac is located at 38°30′2″N 89°8′39″W / 38.50056°N 89.14417°W / 38.50056; -89.14417 (38.500626, -89.144157).[4]