Real Estate and Mortgage Guide for Buffalo Grove, IL

Buffalo Grove is one of the many Chicago suburbs. Classified as a village, Buffalo Grove is located across two counties, Lake and Cook. Buffalo Creek runs through the village, deriving its name from the bison that were commonly seen by Patawatomi Native American tribe. The bison also frequented the grove near the creek, lending the area its name.

Population and Number of Homes

The 2012 census indicates that over 41,000 people live in Buffalo Grove. With over 16,000 housing units the population density is approximately 4,600 per square mile.

The ages of the overall population are fairly spread out. Over 28% of the residents are under 18 years of age while about 5% are between 18 & 24. Another 32% fall in the 25-44 range and 24% are between the ages 45 & 64. 9% of the population is over the age of 64.

Local Economy

There is a good mix of commerce within Buffalo Grove. The major employers in the village, by number of employees, are:

  • Siemens Industry – Electronics Manufacturing
  • Caremark LLC – manufacturer of medical equipment
  • Rexam – produces plastic products
  • Plexus Corporation – a mix of manufacturing and technology
  • Harris Bank

Average Weather

Buffalo Grove enjoys a mild climate with 4 real seasons. The coldest temperatures typically occur in January when the thermometer can get as low as 11 degrees. The warmest time of year is in July when the highs can reach 83.

Precipitation is common and spread out over the year. About 36 inches of rainfall occurs over the course of 12 months. During the winter the town will receive a grand total of approximately 33 inches of snow.

Universities, Colleges and Junior Colleges

There are no colleges or universities located directly in Buffalo Grove. However, within a radius of 20 miles are several quality schools.

  • Oakton Community College located in Des Plaines, IL
  • Harper College located in Palatine, IL
  • American Intercontinental University Located in Hoffman Estates, IL
  • College of Lake County located in Grayslake, IL
  • Northwestern University located in Evanston, IL

Public School System

Due to its location across county lines Buffalo Grove is served by 4 different school districts. Of these various schools there are 3 high schools available to the students of Buffalo Grove

  • Buffalo Grove High School – only high school located in Buffalo Grove village
  • Wheeling High School – serves the students living in Cook County
  • Adlai E Stevenson High school – serves the students living in Lake County

Private Schools

St Mary School is a faith based private school that offers instruction from kindergarten to the 8th grade.

Important Stats for Level of Education

For the Buffalo Grove citizens over the age of 25, here are the major education stats.

  • 96% graduated from high school
  • 61% earned a bachelor’s degree
  • 25% earned a professional or graduate degree
  • The unemployment rate is 6%

Transportation Options

Along with interstates and US highways, Buffalo Grove is served by the Metra North Central Service. This service offers a rail from Antioch to Chicago and has daily stops.

Popular Restaurants and Other Hot Spots

Buffalo Grove has many restaurants sure to fill any appetite.

  • Lou Malnati’s Pizzeria – Pizza
  • Hakuya Sushi – Japanese cuisine and Sushi bar
  • India House – authentic Indian food
  • Firewood Kabob Mediterranean Grill – Mediterranean
  • Grande Jake’s Fresh Mexican Grill – Mexican dish
  • Deerfield’s Bakery – Sandwiches
  • Wooil Korean Restaurant – Korean cuisine

Hospitals

There are no major hospitals located directly in Buffalo Grove.

Outdoor Activities

Raupp Museum is a collection of the town’s heritage and local historical significance. In the downtown area is Buffalo Grove Town Center which holds the major retail attractions in the area. Movie theaters are located at the Town Center along with Escape which has arcade, laser-tag, bowling, batting cages and birthday party rentals.

Buffalo Grove has two different festivals that office in the summer. First is the Invitational Fine Arts Festival that takes place during July. This even typically attracts approximately 30,000 unique visitors. The Buffalo Grove Days festival takes place in September over the course of a few days. Arts and crafts, carnival games, food and live music are the typical attractions. To end the festival the town hosts a fireworks display.

Why Choose us as Your Buffalo Grove Mortgage Lender?

We are a banker specializing in mortgage loans. With licensed offices in 48 states we have the staff and the experience to meet any home loan need.

We won twice in the NerdWallet's Best-Of Awards for 2019 and won the Gold Stevie Award for "Company of the Year" for 2018. We also received the Better Business Bureau Torch award for ethics in 2018 and we dominate SocialSurvey's customer satisfaction rankings. Mortgage Professional America's named us the Top Mortgage Workplace for 2019 and we were #11 in Best Workplaces in Financial Services & Insurance 2019.

Besides these accolades, we are proud that Fortune and Great Place to Work® named us Best Workplace for Millennials for two consecutive years and the Best Workplace for Women for the second consecutive year.

How to Buy a Home in Buffalo Grove with Little or No Money Down

Of course you want to buy a home in Buffalo Grove 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 Buffalo Grove 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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