Forgivable Home Grants in Winthrop Harbor Illinois
Home Buyer Grants in Winthrop Harbor 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 Winthrop Harbor, 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 Winthrop Harbor 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.
Winthrop Harbor is a village in Lake County, Illinois, United States. The population was 6,742 at the 2010 census.[3] It is located along the northern border of Illinois and is part of the Chicago metropolitan area. Winthrop Harbor is known for its North Point Marina, and is a warning demarcation point for the National Weather Service’s marine warnings for Lake Michigan. With moorage over 1,500 boats, it is the largest marina on the Great Lakes. Nearly one million visitors take advantage of the marina, its associated beaches and other recreational facilities every summer.[citation needed]
Winthrop Harbor was named after Winthrop, Massachusetts.[4]