Forgivable Home Grants in Round Lake Beach Illinois
Home Buyer Grants in Round Lake Beach 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 Round Lake Beach, 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 Round Lake Beach 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.
Round Lake Beach is a northern suburb of Chicago in Lake County, Illinois, United States. The population was 28,175 at the 2010 census.[5]
Round Lake Beach is a mid-sized town located at 42°22′44″N 88°4′52″W / 42.37889°N 88.08111°W / 42.37889; -88.08111 (42.3790210, -88.0810720).[3]