Find Home Buyer Grant Options in Radom, IL
Radom, IL Home Grants
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Grant Benefits in Radom, Illinois
INSTANT EQUITY Through the Smart Mortgage Centers Grant Programs, you keep your money in your pocket. This means instant equity in the home you just bought.
NO SECOND LIENS We believe in a head start, not starting you behind. A majority of Smart Mortgage Centers grant programs are 100% Grant funds. This means no 2nd lien/mortgage on you.
100% FINANCED GRANTS Typical down payment assistance programs that most lenders offer require a 2nd lien in order to provide you with the funds. Our funds are 2nd Lien free, and completely 100% grant funds. This means no repayment by you.
Grant Options in Radom, Illinois
Conventional Grant Programs
- Conventional Loan Product
- Underlying 1st Mortgage, Fannie Mae HomeReady®, 30-year Fixed Rate*
- 1st Time Homebuyer requirement
- 3% down- Provided in Full by Eagle Connect Fund
- 1-Unit Single Family Primary Residence: Including Eligiblee condos, co-ops and PUDs
- Reduced MI to 25%
- Non-occupant Co-Borrowers/Co-signers may be permissible
- Up to 100% of AMI
- No income limit in low income census tracts
- Cash Back to Borrower: Refund of borrower’s earnest deposit money
- 640 Credit score to qualify
- 680 Credit score may get even better pricing
FHA Grant Programs (Most Popular)
- 580 Credit Score Required
- Grant is completely forgiven – no repayment required!
- Grant can be used for down payment
- 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.
Smart Advantage Program
The DPA Advantage Program contains a wide-array of options that will meet your borrower’s needs. The program features include, but are not limited to:
- One program used for all types of borrowers, with the same qualifications
- Completely forgivable grant, equals 2% of purchase price
- May be combined with up to 6% seller concession for closing costs
- No resale restrictions
- No borrower repayment restriction option available
This program offers a set of flexible qualification criteria. Do you have a borrower that fits into any of the categories below? They may be eligible for the Smart Advantage Program.
- Total borrowers income is equal or less than 140% of median area income, or;
- First-time home buyers, or;
- Any borrower on the loan application who is a current, retired, volunteer or non-paid:
- first-responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT), including volunteers or similar);
- educator;
- medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar);
- civil servant in a federal, state or local municipality; or
- military personnel
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Mortgage Consultants
We have a highly trained professional mortgage team. Have confidence knowing our team specializes in each grant program available in Radom, IL.
Excellent Support
We offer 24/7 support services for all your needs. Call the Radom, Illinois home buyer grant line at (888)416-0920.
About Us
When it comes to home buyer grants, Smart Mortgage Centers is the most trusted name in Radom, Illinois. Our clients in Radom look to us because our Loan Consultants have many years of professional experience in the mortgage industry. We always go out of our way to make our clients happy and fully satisfied.
How We Work
Start the Pre-Qualification Process
We offer Free Quotes and no application fee. Contact us today for a FREE home buyer grant consultation.
Online Home Grant Application
Online applications, secure document uploads and electronic signatures will get you to the closing table hassle free and in no time.
Fast Closings
Our goal is to get you into a new home fast! Gather your documents and prepare for a house warming party.
Come find us – we are always available!
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Testimonials
Radom ([ˈradɔm] (listen); Yiddish: ראָדעם Rodem) is a city in east-central Poland with 219,703 inhabitants (2013). It is located 100 kilometres (62 miles) south of Poland’s capital, Warsaw, on the Mleczna River, in (as of 1999) the Masovian Voivodeship, having previously been the capital of Radom Voivodeship (1975–1998). Despite being part of the Masovian Voivodeship, the city historically belongs to Lesser Poland. For centuries, Radom was part of the Sandomierz Voivodeship of the Kingdom of Poland and the later Polish-Lithuanian Commonwealth. It was an important center of administration, having served as seat of the Crown Council. The Pact of Vilnius and Radom was signed there in 1401, and the Nihil novi and Łaski’s Statute were adopted by the Sejm at Radom’s Royal Castle in 1505. In 1976, it was a center of anti Communist street protests.
The city is home to the biennial Radom Air Show, the largest and best-attended air show in Poland, held during the last weekend of August. “Radom” is also the popular unofficial name for a semiautomatic 9 mm Para pistol of Polish design (the Model 35/ViS-35) which was produced from 1935 to 1944 at the national arsenal located in the city, under the directorship of Kazimierz Ołdakowski, after whom a square in Radom is named. The Łucznik Arms Factory (still located in Radom) continues to produce modern military firearms.