Forgivable Home Grants in Bull Valley Illinois
Home Buyer Grants in Bull 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 Bull 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 Bull 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.
Bull Valley is a village in McHenry County, Illinois, United States. The population was 726 at the 2000 census.[3] However, at the 2010 census, the population was at 1,077.[4] Surrounded by the suburban sprawl of Crystal Lake, Woodstock, and McHenry, the village prides itself in its rural, low-density character.[5]
McHenry County has gently rolling, glaciated terrain. Some of the County’s larger hills border the rural area of East Central McHenry County between Crystal Lake, McHenry, and Woodstock. This area has long been called “Bull Valley.” McHenry County was one of the fastest-growing counties in the U.S. each decade from 1920 to 2000.[citation needed] Illinois law allows county government to rezone property to allow dense housing subdivisions without regard to the desires of existing residents, unless that property is located near a city or village.[citation needed]