Forgivable Home Grants in Kaneville Illinois
Home Buyer Grants in Kaneville 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 Kaneville, 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 Kaneville 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.
Kaneville is a village in southwestern Kane County, Illinois, United States. It was incorporated in November 2006 and the first elected officials were chosen in elections held on April 17, 2007. The village had a population of 484 at the 2010 census. Kaneville is part of the Chicago metropolitan area. The village was originally called Royalton, but this was found to be taken by another settlement. The name was then changed to Kaneville, referring to Elias Kane.[3]
According to the 2010 census, Kaneville has a total area of 0.31 square miles (0.80 km2), all land.[4]