Forgivable Home Grants in Burr Ridge Illinois
Home Buyer Grants in Burr Ridge 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 Burr Ridge, 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 Burr Ridge 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.
Burr Ridge (formerly Harvester) is a suburb of Chicago, in Cook and DuPage counties, Illinois, United States. The village is listed among the top wealthiest towns in Illinois and is locally known for its large beautiful residences. The population was 10,559 at the 2010 census.[3]
Burr Ridge is located at 41°45′11″N 87°55′12″W / 41.75306°N 87.92000°W / 41.75306; -87.92000 (41.753030, -87.919998).[4]