Forgivable Home Grants in Lake Zurich Illinois
Home Buyer Grants in Lake Zurich 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 Lake Zurich, 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 Lake Zurich 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.
Lake Zürich (Swiss German/Alemannic: Zürisee; German: Zürichsee)[1] is a lake in Switzerland, extending southeast of the city of Zürich. Depending on the context, Lake Zürich or Zürichsee can be used to describe the lake as a whole, or just that part of the lake downstream of the Seedamm at Rapperswil, whilst the part upstream of Rapperswil may be called the Obersee or Upper Lake.
Lake Zürich is formed by the Linth river, which rises in the glaciers of the Glarus Alps and was diverted by the Escher canal (completed in 1811) into Lake Walen from where its waters are carried to the east end of Lake Zürich by means of the Linth canal (completed in 1816). The waters of the Lake of Zürich flow out of the lake at its north-west end, passing through the city of Zürich; however, the outflow is then called the Limmat. The culminating point of the lake’s drainage basin is the Tödi at 3,614 metres above sea level.[2]