Forgivable Home Grants in Streamwood Illinois
Home Buyer Grants in Streamwood 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 Streamwood, 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 Streamwood 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.
Streamwood is a village in Cook County, Illinois, United States. The population was 39,858 at the 2010 census.[3] It is a northwest suburb of Chicago, and is a part of the Chicago metropolitan area.
Streamwood is one of the three communities that make up the so-called “Tri Village” area, along with Bartlett and Hanover Park. Streamwood was first incorporated as a village on February 9, 1957.