Forgivable Home Grants in Minooka Illinois
Home Buyer Grants in Minooka 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 Minooka, 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 Minooka 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.
Minooka, a suburb of Chicago, is a village in Grundy, Kendall, and Will counties, Illinois, United States.[3] The population was 10,924 at the 2010 census. Minooka currently has two high schools in its district, a campus for juniors and seniors and a newer campus for freshmen and sophomores. Minooka Community Consolidated School District 201 (elementary district) has a total of seven schools and serves nearly 4000 students.[4] Minooka has continuously been growing and has many new subdivisions. The Rock Island Line served the town at Minooka Station.
Minooka was established as a place in 1852 when the railroad was built through this area. It was incorporated as a village in 1869.[5]