Forgivable Home Grants in Glen Ellyn Illinois
Home Buyer Grants in Glen Ellyn 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 Glen Ellyn, 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 Glen Ellyn 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.
Glen Ellyn is a village in DuPage County, Illinois, United States. A suburb located 24 miles (39 km) due west of downtown Chicago, the village had a population of 27,450 as of the 2010 Census.[4]
The first landowner in Glen Ellyn was Deacon Winslow Churchill. He and his family moved to Glen Ellyn from New York in 1834. Other newcomers to the area built town necessities such as a tavern and school.[5]