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    Smart Mortgage Centers 24 Hours

  • Our Location

    Serving Virgil, IL since 1997

  • Contact Information

    (888)416-0920

Find Home Buyer Grant Options in Virgil, IL

Do you meet the general criteria for a Virgil, IL home loan but lack the down payment?
Because this happens far too often Smart Mortgage Centers has created forgivable grant programs in Virgil, IL that provide down payment and closing cost assistance for borrowers who would otherwise qualify for a mortgage.

Virgil, IL Home Grants

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Grant Benefits in Virgil, 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 Virgil, 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

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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.

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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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  • We are Trusted

    Trusted across the board in all areas of home purchase and refinancing loans.

    BBB A+ Rated

    Google 5 Star Rated

    Zillow 5 Star Rated

  • Mortgage Consultants

    We have a highly trained professional mortgage team.  Have confidence knowing our team specializes in each grant program available in Virgil, IL.

  • Excellent Support

    We offer 24/7 support services for all your needs.  Call the Virgil, 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 Virgil, Illinois. Our clients in Virgil 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!

Click the link to the right to find our closest location to you!

Testimonials

Publius Vergilius Maro (Classical Latin: [ˈpuː.blɪ.ʊs wɛrˈɡɪ.lɪ.ʊs ˈma.roː]; traditional dates October 15, 70 BC – September 21, 19 BC[1]), usually called Virgil or Vergil (/ˈvɜːrdʒɪl/) in English, was an ancient Roman poet of the Augustan period. He wrote three of the most famous poems in Latin literature: the Eclogues (or Bucolics), the Georgics, and the epic Aeneid. A number of minor poems, collected in the Appendix Vergiliana, are sometimes attributed to him.[2][3]

Virgil is traditionally ranked as one of Rome’s greatest poets. His Aeneid has been considered the national epic of ancient Rome since the time of its composition. Modeled after Homer’s Iliad and Odyssey, the Aeneid follows the Trojan refugee Aeneas as he struggles to fulfill his destiny and reach Italy, where his descendants Romulus and Remus were to found the city of Rome. Virgil’s work has had wide and deep influence on Western literature, most notably Dante’s Divine Comedy, in which Virgil appears as Dante’s guide through Hell and Purgatory.[4]