Forgivable Home Grants in Shabbona Illinois
Home Buyer Grants in Shabbona 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 Shabbona, 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 Shabbona 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.
Shabbona (or Sha-bon-na), also known as Shabonee[1] and Shaubena,[2] (c. 1775–1859) was an Ottawa tribe member who became a chief within the Potawatomi tribe in Illinois during the 19th century.
Shabbona (from either the Ottawa Zhaabne or the Potawatomi Zhabné meaning “indomitable” or “hardy” in both languages, but was recorded to mean “built strong like a bear” or “built like a bear”) was born around 1775 of the Odawa (Ottawa) tribe either on the Maumee River in Ohio, in Ontario or in a Native American village in Illinois.[1][3][4] Shabbona’s own biography places his birth on the Kankakee River; “Shaubena, according to his statement, was born in the year 1775 or 1776, at an Indian village on the Kankakee River, now in Will county.”[2] This may be reflective of Will County today or in Kankakee County of today, but Will county was reduced in size in 1853, several years before “Memories of Shabbona” was published.