Forgivable Home Grants in Round Lake Park Illinois
Home Buyer Grants in Round Lake Park 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 Park, 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 Park 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 Park is a village in Lake County, Illinois, United States. The population was 7,505 at the 2010 census.[3] It is located along the south side of the lake, Round Lake. The lake is well regarded secret for many water skiers. Access to the lake from this town is private and only for residents of Round Lake Park.
Round Lake Park is located at 42°20′37″N 88°4′45″W / 42.34361°N 88.07917°W / 42.34361; -88.07917 (42.343688, -88.079175).[4]