Forgivable Home Grants in Calumet City Illinois
Home Buyer Grants in Calumet City 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 Calumet City, 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 Calumet City 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.
Calumet City (/ˌkæljʊˈmɛt/ KAL-yuu-MET) is a city in Cook County, Illinois, United States. The population was 37,042 at the 2010 census,[7] a decline of 5.2% from 2000. The ZIP code is 60409.
Calumet City (commonly referred to locally as “Cal City”) was founded in 1893 when the villages of Schrumville and Sobieski Park merged under the name of West Hammond, since it lies on the west side of the Illinois-Indiana line from Hammond, Indiana.[1] In 1924, West Hammond officially became Calumet City after its citizens voted to change the name in 1923.[2][3]