Forgivable Home Grants in Wyanet Illinois
Home Buyer Grants in Wyanet 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 Wyanet, 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 Wyanet 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.
Wyanet is a village in Bureau County, Illinois, United States. The population was 991 at the 2010 census. It is part of the Ottawa–Streator Micropolitan Statistical Area.
Wyanet’s history dates back to 1821; it was officially plated in 1854 and incorporated in 1857. The community has had several names since its beginning. In 1821 the settlement was first called “Center”. Named by Bulbona an Indian trader. In 1837 the Village officially started to sprout its roots due to the area known as “Pond Creek”. Named for the Creek at the South edge of town where Ellis Mercer built a saw mill and Amos Leonard built the first flour mill. The first railroad, the Chicago Rock Island & Pacific was built here in 1853. At this time the name was changed to “Kingston” in honor of the land donors Henry and Mary King. The Chicago, Burlington, Quincy Railroad gave the Village its current name, Wyanet, when they completed their rail line in 1855.