Forgivable Home Grants in Wood Dale Illinois
Home Buyer Grants in Wood Dale 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 Wood Dale, 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 Wood Dale 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.
Wood Dale is a city in Addison Township, DuPage County, Illinois, United States. The population was 13,770 at the 2010 census, and estimated to have increased to 13,911, as of July 2012.[3]
Wood Dale was originally known as Lester’s Station, after John Lester, an early settler.[4]