Forgivable Home Grants in North Chicago Illinois
Home Buyer Grants in North Chicago 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 North Chicago, 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 North Chicago 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.
North Chicago is a city in Lake County, Illinois, United States, and a suburb of the Chicago metropolitan area. The population was 32,574 at the 2010 census.[3]
North Chicago is home to the Great Lakes Naval Training Center and Great Lakes Barracks Military housing.