Forgivable Home Grants in Wilmette Illinois
Home Buyer Grants in Wilmette 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 Wilmette, 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 Wilmette 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.
Wilmette is a village in New Trier Township, Cook County, Illinois, United States. Bordering Lake Michigan, it is located 14 miles (23 km) north of Chicago’s downtown district (4 mi or 6 km from Chicago’s northern border) and had a population at the 2010 census of 27,087.[4] In 2007, Wilmette was ranked as the seventh best place to raise children in the U.S., according to Business Week.[5]
In 2015, Wilmette was ranked the best place to live in the state of Illinois based on a variety of factors including its low unemployment rate, median income, low housing vacancy rate, high education expenditures per student, low crime, and short commute times.[6] Wilmette is home to 2 of Illinois’ 17 elementary schools (Romona Elementary, St. Joseph School) to be awarded the 2017 National Blue Ribbon award.[7]
Wilmette is located on the western shore of Lake Michigan and is a near northern suburb of Chicago, immediately North of Evanston at 42°4′38″N 87°43′25″W / 42.07722°N 87.72361°W / 42.07722; -87.72361 (42.077178, -87.723736).[8] The North Shore Channel drainage canal empties into Lake Michigan at Wilmette Harbor.