Forgivable Home Grants in New Lenox Illinois

Home Buyer Grants in New Lenox 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 New Lenox, 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 New Lenox 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.

New Lenox is a village in Will County, Illinois, United States. The village population was 24,394 as of 2010.

New Lenox is located approximately 36 miles southwest of downtown Chicago at 41°30′30″N 87°58′14″W / 41.50833°N 87.97056°W / 41.50833; -87.97056 (41.508251, -87.970597).[3] According to the 2010 census, New Lenox has a total area of 15.683 square miles (40.62 km2), of which 15.66 square miles (40.56 km2) (or 99.85%) is land and 0.023 square miles (0.06 km2) (or 0.15%) is water.[4]