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Mortgages in Skokie

1st Eagle Mortgage offers mortgages in Skokie for as little as 3 percent down, even if you have declared bankruptcy, had a short sale or foreclosure. You can refinance or buy a new home in Skokie the day after you’ve completed the process.

The Village of Skokie is located in Cook County, Illinois, United States, neighboring the City of Chicago’s northern border. Skokie lies approximately 15 miles north of Chicago’s downtown loop. Its name comes from a Potawatomi word for “marsh. Its population, according to the 2010 census, was 64,784. Skokie’s streets, like that of many suburbs, are largely a continuation of the Chicago street grid, and the village is served by the Chicago Transit Authority, further cementing its connection to the city. 

Skokie was originally a German-Luxembourger farming community, but was later settled by a sizeable Jewish population, especially after World War II. At its peak in the mid-1960s, 58% of the population was Jewish, the largest percentage of any Chicago suburb. Skokie still has a very large Jewish population and an active Chabad. It is home to the Illinois Holocaust Museum and Education Center, which opened in northwest Skokie in 2009. 

The village’s AAA bond rating attests to strong economic health via prudent fiscal management. In 2003, Skokie became the first municipality in the United States to achieve nationally accredited police, fire, and public works departments, and a Class-1 fire department, per the Insurance Services Office (ISO) ratings. Likewise, in 2003 Money magazine named Skokie one of the 80 fastest-growing suburbs in the U.S. 

Besides strong manufacturing and retail commerce bases, Skokie’s economy will add health sciences jobs; in 2003, Forest City Enterprises announced their re-development of the vacant Pfizer research laboratories, in downtown Skokie, as the Illinois Science + Technology Park, a 23-acre campus of research installations (2-million ft.² of chemistry, genomics, toxicology laboratories, clean rooms, NMR suites, conference rooms, etc.). In 2006, NorthShore University HealthSystem announced installing their consolidated data center operations at the park, adding 500 jobs to the economy. Map maker Rand McNally, private label cooperative Topco and online grocer Peapod are also headquartered in Skokie. 

Financially, Skokie’s median household income was $57,375; the median family income was $68,253; a man’s median income was $44,869; a woman’s median income was $33,051. The per capita income is $27,136; 4.2% of families and 5.4% of the population are below the poverty line income, including 5.9% of children under 18 and 5.3% of elders aged 65 years and older. 

As of the 2010 US Census, Skokie had a total of 64,784 people within its boundaries. The village’s racial composition was 60.27% White, 7.26% African American, 0.19% Native American, 25.54% Asian, 0.02% Pacific Islander, 3.08% some other race, and 3.65% of mixed race. Hispanic and Latinos, of any race, made up 8.84% of the total population. There is a large Jewish population in Skokie and many of the surrounding areas. 

The Chicago ‘L’s Yellow Line terminates at the Dempster Street station in Skokie. Construction has been completed on a new Yellow Line train station at Oakton Street, to serve downtown Skokie and environs.

Although the Yellow Line is the fastest transportation to and from the city, the village also is served by CTA and Pace bus routes. Interstate 94, the Edens Expressway, traverses western Skokie, with interchanges at Touhy Avenue, Dempster Street, and Old Orchard Road. 

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