Located on the northwest side of Chicago is a suburb known as Schaumburg. According to the list of the USA’s biggest shopping malls, the Woodfield Mall in Schaumburg ranks at #11.
Population and Number of Homes
The most recent census shows the population of Schaumburg at just over 74,000 people and that there are 33,000+ housing units. Based on the small size of the town the population per square mile is 3860 people.
20% of Schaumburg’s population is under age 18. 7% of the people are aged 18 to 24. 32% of the citizens are aged between 25 and 44 and another 27% are between ages 45 and 64. 12% of the population is beyond the age of 64.
Local Economy
While there are several companies based in Schaumburg, Motorola Solutions is the largest employer. The most recent payroll records show a total of 7,000 people work for Motorola.
Here are some of the other top employers in the city along with their employee numbers
- Woodfield Mall – 3,200+
- Zurich Insurance – 2,200
- IBM – 950
- Genworth Financial – 850
Average Weather
Like most of Illinois, Schaumburg enjoys mild weather throughout the year. In the summer months, the temperature scale can reach as high as 82 degrees, normally in July. The coldest time of the year occurs in January when the temperature can drop down to single digits.
Precipitation averages about 36 inches over the course of the year. Rainfall is spread out fairly evenly during the course of the year. The winter months bring frequent snowfall with some accumulation.
Universities, Colleges and Junior Colleges
The following colleges can be found in Woodfield, an area in Schaumburg
- Lake Forest Graduate School of Management – Schaumburg campus
- Roosevelt University – Schaumburg branch
- Comcast University
- The Illinois Institute of Art – Schaumburg location
Public School System
The property taxes paid within Schaumburg are the source of funding for public schools rather than sales tax revenue. Schaumburg Township School District #54 is in charge of the public schools. Schaumburg is also a part of the Township High School district #211 which has a total of 5 high schools serving its students.
Private Schools
Schaumburg Christian School offers instruction for grades pre-K to 12th grade. There are many other faith-based schools in the area but most of them offer either only pre-K classes or their classes do not go beyond the 8th grade level.
Important Stats for Level of Education
For the population of Schaumburg that is over the age of 25, here are the important education stats
- 94% graduated from high school
- 44% earned a bachelor’s degree
- 15% earned a professional or graduate degree
- the unemployment rate is 3%
Transportation Options
Most of the citizens of Schaumburg use private vehicles for the majority of transportation needs. At this time, there is no public bus or rail system in place.
There is a station for passengers to board the Metra train that connects Elgin and Chicago.
For commercial air travel, most of Schaumburg’s citizens use one of the two airports located in Chicago.
Popular Restaurants and Other Hot Spots
Many fine restaurants call Schaumburg home and do their best to fill their customer’s hungry needs.
- Wildberry Cafe – Brunch and breakfast cafe
- Season 52 – wine bar with vegetarian menu
- Yu’s Mandarin Restaurant – Chinese cuisine
- Texas de Brazil – steakhouse with Brazilian theme
- Shaw’s Crab House – seafood
- Sushi Ya – Japanese
Hospitals
Located within Schaumburg are two hospitals; Northwest Community Hospital and St Alexis Outpatient Center.
Outdoor Activities
Schaumburg has a range of activities to keep people moving and feeling happy.
- LEGOLAND Discovery Center – amusement park infused with lots of Lego activities
- Yu Kids Island – Amusement park and playground near Woodfield Mall
- Spring Valley Nature Sanctuary – lovely park that has great hiking trails
- Schaumburg Park District CRC & Water Park – pools, fitness equipment operated by Schaumburg Parks
- Meineke Pool – swimming pool
Why Choose us as Your Schaumburg Mortgage Lender?
We are a Mortgage Lender specializing in mortgage loans since we first opened our doors. With licensed offices in 47 states, we have the staff and the experience to meet any home loan needs.
We were named to Mortgage Executive Magazine's list of Top 100 Mortgage Companies in America. In 2018 we were awarded as a Top Mortgage Lender in Top Dollar Volume by Scotsman Guide. We were also named a Top Workplace by the Houston Chronicle for the 5th year. Finally, we were named to Inc. 5000 list of Fastest-Growing Private Companies in America.
Besides these accolades, we are proud that President Ron Zach was named to National Mortgage Professional Magazine’s list of the 40 most influential mortgage professionals under 40.
How to Buy a Home in Schaumburg with Little or No Money Down
Of course you want to buy a home in Schaumburg with no down payment. Who doesn’t?
Here’s how you do it:
Many people never buy the home of their dreams simply because they don't think they have enough money for the down payment. They have been told through the years that they need 10% or 20% of the purchase price in order to buy a home. Well, this is true for the conventional/conforming loan programs but not for Schaumburg Government loans.
So why have so many Lenders told them this?
It’s because selling homes to people with 10% or 20% down is easier than selling homes to people who have little or no money for a down payment. Most mortgage loan officers would rather go after the "easy sale" than try to help people who would rather save the down payment money for a rainy day or for current and future repairs/upgrades.
