Forgivable Home Grants in Calumet Park Illinois
Home Buyer Grants in Calumet Park 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 Park, 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 Park 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 Park is a 198-acre (79-hectare) park in Chicago, Illinois. It provides access to Lake Michigan from the East Side neighborhood on the city’s Southeast Side. The park contains approximately 0.9 miles (1.5 km) of lake frontage from 95th Street to 102nd Street. The park is listed on the National Register of Historic Places.[1]
Calumet Park is named after the Calumet River and the Calumet Region of southeast Chicago and northwestern Indiana drained by the river. Planning for Calumet Park began in 1904 with the initial acquisition of 40 acres (160,000 m2) of land. The Olmsted Brothers, a noted firm of urban landscape architects, drew up initial plans for landscaping the proposed new park; however, as a result of the swelling population of the East Side and a consensus that the original plans were inadequate, further land acquisitions were made, the Olmstead plans were revised, and facilities were built.