Forgivable Home Grants in Channahon Illinois
Home Buyer Grants in Channahon 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 Channahon, 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 Channahon 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.
Channahon is a village in Grundy and Will counties in the U.S. state of Illinois. The population was 12,560 at the 2010 census. Channahon is also the name of the township in which most of the village resides. The current village president is Missey Moorman Schumacher. It is a southwestern suburb of Chicago.
Its name meaning “Meeting of the Waters” in the language of the area’s original Potawatomi inhabitants, Channahon is located at the confluence of the Des Plaines and Kankakee rivers, where they form the Illinois River. The Illinois and Michigan Canal (including several locks) runs through most of the village, where it is fed by the water of the DuPage River. The local Channahon State Park celebrates the region’s unique geographical history.