Forgivable Home Grants in Gurnee Illinois
Home Buyer Grants in Gurnee 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 Gurnee, 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 Gurnee 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.
Gurnee (/ˈɡɜːrˌniː/) is a village in Lake County, Illinois, United States. Its population was 31,295 as of the 2010 census.[3] It borders the city of Waukegan and is considered a part of the Chicago metropolitan area. It is best known for being the location of Six Flags Great America and Gurnee Mills, together drawing over 26 million visitors annually.[4]
Early settlers in the Gurnee area came by foot horseback and by “Prairie Schooners” drawn by oxen or via the Erie Canal and the Great Lakes. They came from the town of Warren, New York, which was named in honor of Major General Joseph Warren, killed at the Battle of Bunker Hill. Warren Township, formed in 1850, was also named after him.[5] The first settlement of Warren Township commenced in 1835 in the vicinity of the Aux Plaines River (now the Des Plaines River).