Forgivable Home Grants in Fox River Grove Illinois
Home Buyer Grants in Fox River Grove 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 Fox River Grove, 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 Fox River Grove 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.
Fox River Grove is a village in Cuba Township, Lake County and Algonquin Township, McHenry County, Illinois, United States. The population was 4,854 at the 2010 census.[3]
Pioneers built homesteads in the Fox River Valley between 1830 and 1860. They were originally attracted to the area that would become Fox River Grove for its beautiful scenery, abundance of clear water and opportunity for hydroelectric power provided by the Fox River.