Forgivable Home Grants in Elburn Illinois
Home Buyer Grants in Elburn 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 Elburn, 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 Elburn 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.
Elburn is a village in Kane County, Illinois, United States. The population was 5,602 as of the 2010 census,[2] up from 2,756 at the 2000 census.[4] It is located at the intersection of Illinois Route 38 and Route 47. Elburn is a far-west suburb situated 46 miles (74 km) west of the Chicago Loop with frequent commuter rail service from its Metra station at the end of the Union Pacific West Line.
Elburn is located at 41°53.6′N 88°28.1′W / 41.8933°N 88.4683°W / 41.8933; -88.4683 (41.8940, -88.4686).[5]