Forgivable Home Grants in Somonauk Illinois

Home Buyer Grants in Somonauk 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 Somonauk, 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 Somonauk 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.

Somonauk is a village in DeKalb and LaSalle Counties in the U.S. state of Illinois. The population was 1,893 at the 2010 Census.

The DeKalb County portion of Somonauk is part of the Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area, while the small portion that lies in LaSalle County is part of the Ottawa–Peru, IL Micropolitan Statistical Area.