Forgivable Home Grants in West Peoria Illinois
Home Buyer Grants in West Peoria 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 West Peoria, 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 West Peoria 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.
West Peoria is a city in Peoria County, Illinois, United States. The population was 4,762 at the 2000 census. West Peoria is a suburb of Peoria and is part of the Peoria, Illinois Metropolitan Statistical Area.
West Peoria is located at 40°41′50″N 89°37′52″W / 40.69722°N 89.63111°W / 40.69722; -89.63111 (40.697104, -89.630998).[4]