Forgivable Home Grants in Waukegan Illinois
Home Buyer Grants in Waukegan 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 Waukegan, 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 Waukegan 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.
Waukegan /wɔːˈkiːɡən/ is the largest city in and the county seat of Lake County, Illinois, United States.[1] It is part of the Chicago metropolitan area, located approximately 35 miles north of Downtown Chicago. As of the 2013 census estimate, Waukegan had a population of 88,826,[2] which makes it the ninth-largest city in Illinois by population. Waukegan is a blue collar town that formerly served as an important industrial hub in the Chicago metropolitan area.
The site of present-day Waukegan was recorded as Rivière du Vieux Fort (“Old Fort River”) and Wakaygagh on a 1778 map by Thomas Hutchins. By the 1820s, the French name had become “Small Fort River” in English, and the settlement was known as “Little Fort”. The name “Waukegance” and then “Waukegan” (meaning “little fort”; cf. Potawatomi wakaigin “fort” or “fortress”) was created by John H. Kinzie and Solomon Juneau, and the new name was adopted on March 31, 1849.[8][9]