Forgivable Home Grants in Trout Valley Illinois
Home Buyer Grants in Trout Valley 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 Trout Valley, 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 Trout Valley 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.
Trout Valley is a village in McHenry County, Illinois, United States. It was incorporated as a village on 19 March 1996. At the 2010 census, the population was at 537.[3]
Maxon Community Developers of Barrington, Illinois, founders and developers of nearby Streamwood, Barrington Woods, Brigadoon, and later Green Valley, Arizona purchased the Curtiss Candy Farms in 1952 from Otto Schnering, founder of the Curtiss Candy Company. The brothers Norm and Don Maxon promptly renamed it Trout Valley after Norman’s passion for fly fishing.