Forgivable Home Grants in Grayslake Illinois
Home Buyer Grants in Grayslake 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 Grayslake, 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 Grayslake 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.
Grayslake is a village in Lake County in the U.S. state of Illinois. It is located in the Chicago metropolitan area, about 40 miles (64 km) north of Chicago’s downtown, 14 miles (23 km) west of Lake Michigan, and 15 miles (24 km) south of the Wisconsin border. The village’s population at the 2010 census was 20,957.[4]
Grayslake is home to the College of Lake County, Grayslake North High School, Grayslake Central High School, the University Center of Lake County and the Lake County Fairgrounds. There are tentative plans to develop a lifestyle shopping center on the previous location of the Lake County Fairgrounds.[5] At the south end of Grayslake, there are plans for a 640-acre (260 ha) development containing light industry, office space and residential space.[citation needed]