Forgivable Home Grants in Chicago Illinois
Home Buyer Grants in Chicago 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 Chicago, 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 Chicago 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.
Chicago (/ʃɪˈkɑːɡoʊ/ ( listen), locally also /-ˈkɔː-/), formally the City of Chicago, is located on the shores of freshwater Lake Michigan, and is the third most populous city in the United States. As of the 2017 census-estimate, Chicago has a population of 2,716,450, which makes it the most populous city in both the state of Illinois and the Midwestern United States. It is the county seat of Cook County, the second most populous county in the U.S. Chicago is the principal city of the Chicago metropolitan area, which is often referred to as “Chicagoland.” The Chicago metropolitan area has nearly 10 million people, is the third-largest in the United States, the fourth largest in North America, and the third largest metropolitan area in the world by land area.