Forgivable Home Grants in Norridge Illinois
Home Buyer Grants in Norridge 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 Norridge, 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 Norridge 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.
Norridge is a village in Cook County, Illinois, United States. The population was 14,572 at the 2010 census.[3] The village and its neighbor to the east, Harwood Heights, together form an enclave within the city of Chicago (i.e. they are completely surrounded by the city). Norridge is sometimes referred to as the “Island Within a City”.[4]
The name “Norridge” was suggested by resident Mrs. Link. “Nor” comes from Norwood Park Township, and “Ridge” comes from the nearby suburb of Park Ridge.