Forgivable Home Grants in Morton Grove Illinois
Home Buyer Grants in Morton Grove 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 Morton Grove, 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 Morton Grove 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.
Morton Grove is a village in Cook County, Illinois, United States. As of the 2010 census, the population was 23,270,[4] for a growth rate of 3.6% since 2000.
The village is named after former United States Vice President Levi Parsons Morton, who helped finance the Chicago, Milwaukee and St. Paul Railroad (later the Milwaukee Road) which roughly tracked the North Branch of the Chicago River in the area and established a stop at the old Miller’s Mill. Miller’s Mill Road, now Lincoln Avenue, connected the former riverside sawmill to the township’s central settlement (Niles Center, now Skokie). The railroad stop facilitated trade and development; the upstart neighborhood grew enough to incorporate in December 1895.