Located northwest of downtown Chicago, Mount Prospect is an incorporated village of Cook County, IL.
A 2009 report by Business Week Magazine declared Mount Prospect as the best place to raise kids in America. That was followed by a 2010 report published in Money Magazine stating that Mount Prospect was on the list of the top 50 American places to live.
Population and Number of Homes
The most current census reveals that Mount Prospect has over 54,000 residents and 21,800+ housing units. This brings the population per square mile to 5,285.
The people of Mount Prospect are spread almost evenly among age brackets. 25% of the citizens are below age 19. The number of people aged 20 to 29 represents 12% of the population and the adults aged 30 to 49 are 28% of the citizenry. 35% of the population is above the age of 50.
Many companies are located within the village of Mount Prospect. Based on number of employees these are the largest companies in the village
- Carmark Rx
- Bosch Tools
- Village of Mount Prospect
Mount Prospect enjoys a mild climate with the full range of seasons across a typical year. The warmest temperatures occur in July with the highs reaching 83. The coldest temperatures occur in January when the lows drop to 10 degrees.
Annual rain fall amounts to 32 inches. Average snowfall, in a calendar year, is 23 inches.
Universities, Colleges and Junior Colleges
Within Mount Prospect are two colleges and/or universities.
- Christian Life College
- ITT Technical Institute – Mount Prospect branch
Within a 15 mile radius of Mount Prospect are other colleges and universities
- Harper College
- Oakton Community College
- Universal Technical Institute of Illinois
- Elmhurst College
- Triton College
- Northeastern Illinois University
Public School System
Due to Mount Prospect’s location across various townships the area is served by multiple local school districts. Township High School district 214 has 4 high schools that provide instruction for 9th, 10th 11th and 1th grades.
The elementary and middle schools are operated by the following districts, based on home address.
- Mount Prospect District 57
- River Trails district 26
- Elk Grove Community Consolidated District 59
- Arlington Heights School District 25
- Prospect Heights School District 23
- Buffalo Grove-Wheeling Community Consolidated District 21
There are two Catholic schools in the area that provide classes up to the 8th grade. There is also a Lutheran school that provides education for grades pre-K to 8th grade.
Important Stats for Level of Education
For the people of Mount Prospect that are above the age of 25, here are the main education stats.
- 89% graduated from high school
- 38% earned a bachelor’s degree
- 13% have a professional or graduate
- The unemployment rate is 7%
Most of the citizens in Mount Prospect use private vehicles for their commuting and traveling needs. The Metra rail line connects Mount Prospect to Chicago and from there passengers can choose from various public transportation options.
For commercial flights the people of Mount Prospect typically use either O’Hare or Midway airport located in Chicago.
Popular Restaurants and Other Hot Spots
Mount Prospect has a wide range of restaurants that cover a great variety of cuisines from all around the world.
- Ramen Misoya – Ramen food
- Chodang Tofu Village – Korean
- E+O Food and Drink – American cuisine
- Jelly Cafe – Breakfast and brunch
- Kampai Japanese Steak House – Japanese cuisine
- Blackfinn American Grille – sports bar with karaoke
- Pei Wei Asian Diner – Asian fusion
There are two main hospitals within Mount Prospect.
- NCH Medical Group
- Northshore Medical Group – Mount Prospect location
While not literally in Mount Prospect, Northwest Community Hospital is very close by as well.
There are a lot of ways to either get outside or get active within Mount Prospect.
- Big Surf Wave Pool – nice wave pool that also offers diving board and playground
- Busse Park – family destination park with baseball diamonds as well as play equipment
- Moehling Park – great area with botanical garden, sculptures, carved tree art and walkways
- Ballpark in Mount Prospect – training facility to learn softball and baseball
There are also numerous heath facilities that have exercise classes, yoga instruction, martial art competitions and other basic fitness equipment. The area also has a large number of parks that provide ample opportunity to see and enjoy nature.
Why Choose us as Your Mount Prospect 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 Mount Prospect with Little or No Money Down
Of course you want to buy a home in Mount Prospect 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 Mount Prospect 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.