Forgivable Home Grants in Pingree Grove Illinois
Home Buyer Grants in Pingree Grove 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 Pingree Grove, 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 Pingree Grove 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.
Pingree Grove is a village in Kane County, Illinois, United States. The population was 124 at the 2000 census. However, rapid development in recent years has resulted in explosive growth, and the 2010 census indicated 4,532 residents. In the next decade, the population is expected to reach 15,000 as farmlands are developed into new housing units.[3] Pingree Grove is becoming known as a “Green Town”, being environmentally friendly.
Pingree Grove is located at 42°3′58″N 88°24′55″W / 42.06611°N 88.41528°W / 42.06611; -88.41528 (42.066175, -88.415412).[4]