Forgivable Home Grants in Riverwoods Illinois

Home Buyer Grants in Riverwoods 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 Riverwoods, 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 Riverwoods 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.

Riverwoods is a village in Lake County, Illinois, United States. It was established on the banks of the Des Plaines River in 1959 by local steel magnate Jay Peterson. The population was 3,660 at the 2010 census.[3] The corporate headquarters of Discover Financial and CCH are located there, as well as Orphans of the Storm, an animal shelter founded in 1928 by famous dancer Irene Castle. The village hosts the annual “Arts & Riverwoods” festival.[4]