Forgivable Home Grants in Oakbrook Terrace Illinois
Home Buyer Grants in Oakbrook Terrace 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 Oakbrook Terrace, 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 Oakbrook Terrace 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.
Oakbrook Terrace is a city in DuPage County, Illinois, a suburb of Chicago. As of the 2010 census, the city had a total population of 2,134, which was estimated to have increased to 2,155 by July 2012.[3] It is the smallest town in DuPage County, in terms of area and population.
Oakbrook Terrace was originally named Utopia, a name suggested by a postmaster. The name Oakbrook Terrace was adopted in November 1959.[4]