Forgivable Home Grants in Schaumburg Illinois

Home Buyer Grants in Schaumburg 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 Schaumburg, 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 Schaumburg 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.

Schaumburg is a district (Landkreis) of Lower Saxony, Germany. It is bounded by (clockwise from the north) the districts of Nienburg, Hanover and Hamelin-Pyrmont, and the state of North Rhine-Westphalia (districts of Lippe and Minden-Lübbecke).

Landkreis Schaumburg was created on August 1, 1977 within the framework of the Kreisreform (district reform) of Lower Saxony by combining the former districts of Schaumburg-Lippe and Grafschaft Schaumburg. The town of Hessisch Oldendorf was reallocated to Landkreis Hameln-Pyrmont. The communities of Großenheidorn, Idensermoor-Niengraben and Steinhude had already been allocated to the community of Wunsdorf and thereby became part of Landkreis Hanover.