Forgivable Home Grants in South Barrington Illinois
Home Buyer Grants in South Barrington 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 South Barrington, 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 South Barrington 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.
South Barrington is a village in Cook County, Illinois, United States, south of Barrington. The population was 4,565 at the 2010 census.[3] South Barrington is a wealthy suburb of Chicago and the location of the famous megachurch Willow Creek Community Church. The Arboretum of South Barrington is a lifestyle center (shopping center) located within the village limits.
South Barrington is located at 42°5′3″N 88°9′17″W / 42.08417°N 88.15472°W / 42.08417; -88.15472 (42.084226, -88.15478).[4]