Forgivable Home Grants in Kildeer Illinois
Home Buyer Grants in Kildeer 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 Kildeer, 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 Kildeer 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.
Kildeer is a village in southwestern Lake County, Illinois, United States, and a North Shore suburb of Chicago. The population was 3,968 at the 2010 census.[3] It has limited development to custom homes on large lots, and has worked to preserve natural features and open space.
This area was largely rural and made up of farms and undeveloped lands until after World War II. Increased population and pent-up demand for housing resulted in new suburban development outside many major cities, aided by federal investment in highways that eased commuting to work. Lake County began to prepare by paving its roads and improving some. The Kildeer area began to attract persons who wanted to live a relatively rural life. In 1951 Quentin Road was realigned, removing the four right-angle turns, and substituting a smooth curve north from Rand Road. In 1952 its entire length was paved.