Forgivable Home Grants in North Aurora Illinois
Home Buyer Grants in North Aurora 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 North Aurora, 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 North Aurora 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.
The village of North Aurora is a Chicago suburb in Kane County, Illinois, United States. It had a population of 16,760 at the 2010 census. North Aurora maintains its own public library district, fire district, and police department, but public spaces and parks are managed by the neighboring Fox Valley Park District.
In its early history, North Aurora was known as “Schneider’s Mill” or “Schneider’s Crossing” after John Peter Schneider, a German immigrant who established a mill and dam on the Fox River after moving to the area in 1834.[8][9] Schneider Elementary School, on the east side of the Fox River, is named after him.