Real Estate and Mortgage Guide for Arlington Heights, IL

Northwest of the downtown area of Chicago is the village known as Arlington Heights.  As of the recent census Arlington Heights has 75,000 citizens.  That number makes it the largest village, by population, in the USA

One of Arlington Height’s claims to fame is the Breeder’s Cup qualifying event called the Arlington Million.  This race takes place annually at the Arlington Park Race Track.

Population and Number of Homes

The recent census shows population numbering 75,000+ as of 2010 with 31,000+ housing units.

The makeup of the age groups is spread out for Arlington Heights.  16% of the citizens are over the age of 64 and 25% are aged between 45 and 64.  30% of the people fall in the 25 to 45 range.  While only 6% of the people fall in the college age range 23% of the citizens are under age 18.

Increasing Presence of Japanese Citizens

Since the year 2011, there has been a growth of the number of Japanese Citizens in Arlington Heights.  At present, they represent about 6% of the total population with approximately 4,500 people.  Currently, there is a Japanese owned shopping plaza named Mitsuwa Marketplace and the Chicago Futbaki Japanese School.

Local Economy

The downtown portion of Arlington Heights is also called Central Business District.  Over the past few years the area has gone through a bit of resurrection with new restaurants, condos and a myriad of businesses being built in the area.

Besides the Central Business District there are other major companies with headquarters in Arlington Heights.  Here is the list of the top employers based on numbers of employees.

  1. Arlington Park
  2. Northwest Community Hospital
  3. Level 3 Communications
  4. Township High School district 214
  5. Paddock Publications

Average Weather

Arlington Heights enjoys a mild climate throughout the course of a year.  The warmest part of the year occurs in summer in the month of July.  The highest average temperature is usually in the neighborhood of 82 degrees.  The coldest part of winter occurs in January when temperatures can get as low as 13.

Precipitation is normal throughout the year with the city receiving 36 inches of rain across the entire 12 months.  Snow is common in the winter with some accumulation.

Universities, Colleges and Junior Colleges

Although there are no colleges or universities located directly within Arlington Heights there are 7 such schools located in a radius of 15 miles of town.

Public School System

Arlington Heights School District 25 handles the elementary and middle schools for Arlington Heights while the high schools are operated by Township High School district 214.  There are 4 high schools that serve Arlington Heights

  • John Hersey High School
  • Rolling Meadows High School
  • Buffalo Grove High School
  • Prospect High School

Private Schools

A number of faith based organizations operate private schools in Arlington Heights

  • St Viator High School
  • Our Lady of Wayside School
  • St James School
  • Peter Lutheran School
  • Christian Liberty Academy

Important Stats for Level of Education

For people of Arlington Heights above the age of 25, here are the major education stats.

  • 96% graduated from high school
  • 53% have earned a bachelor’s degree
  • 21% have earned a professional or graduate degree
  • the unemployment rate is only 2%

Transportation Options

A Metra rail station provides passengers access to Chicago.  Besides the rail service that leads to Chicago there is no public bus or rail system in Arlington Heights.  The majority of citizens in Arlington Heights use private automobiles for the majority of their daily travels.

There are no major airports located in Arlington Heights.  The majority of people use either O’Hare or Midway airport in Chicago for commercial flights.

Popular Restaurants and Other Hot Spots

Arlington Heights is home to an ever growing range of restaurants that offer cuisines from all around the world.

  • La Tasca Restaurant – Tapas bar and Spanish food
  • TTOWA – Korean cuisine
  • Santouka – Ramen and soup
  • Johnnie’s Beef – sandwiches, along with hot dogs and shaved ice
  • Nikko Sushi – Japanese menu along with sushi
  • Penang Malaysian Cuisine – Malaysian food as well as Asian fusion
  • Mago Grill & Cantina – Mexican cuisine
  • Walker Bros Original Pancake House – Breakfast, Brunch and sandwiches

Hospitals

Northwest Community Hospital is the primary hospital of Arlington Heights.

Outdoor Activities

Arlington Heights is a very active area as evidenced by the large number of health related centers in the area.  There are swim schools, yoga classes, martial arts, general fitness gyms, and boot camp style exercise classes.  Lake Arlington is a great place to visit and relax by the water’s edge.  There are also places to play tennis or golf or even just hike on trails.

Why Choose us as Your Arlington Heights Mortgage Lender?

Inlanta Mortgage has been a banker specializing in mortgage loans since we first opened our doors in 1993 in Brookfield, WI. With licensed offices in 16 states we have the staff and the experience to meet any home loan need.

Scotsman Guide named Inlanta Mortgage as a Top mortgage Lender for the year 2013 and Milwaukee Journal listed us as one of the Top Workplace for the years 2014 and 2015. For three years straight, from 2011 to 2013 Mortgage Executive Magazine listed Inlanta as part of the Top 100 Mortgage Companies in America as well as part of the 50 Best Companies to Work For. Besides these accolades we are proud that Scotsman Guide's #1 USDA Rural Development Loan Originator works for Inlanta and that this individual has reached the status of Platinum Million Dollar USDA Lender as noted by the USDA Rural Housing association.

How to Buy a Home in Arlington Heights with Little or No Money Down

Of course you want to buy a home in Arlington Heights 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 Arlington Heights 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.

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