30 Year Fixed
- 5.34 %
15 Year Fixed
- 4.94 %
1-Year ARM
- 4.07 %
5/1 ARM
- 4.94 %
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Guide to Illinois Mortgages

Illinois

 

Illinois is also known as “The Land of Lincoln” and it is located in the Midwestern area of the United States.  In the summer months temperatures run from 63-90 degrees while in the winter they are from 11-41 degrees.

 

The State of Illinois has a population of about 12,852,548 and is the 25th largest population in the US. The demographics for Illinois are; 80.34% Caucasian; 15.63% African American; 0.62% Native American; 4.45% Asian.

 

The economy of Illinois is driven primarily agriculture and manufacturing with a total gross output for the state at about $589 billion. The state’s personal income tax rate is about 3% with sales tax at about 6.25%. The state has agricultural outputs of corn, soybean, hogs, cattle, dairy products and wheat.

 

Some of the largest cities located in Illinois are; Chicago, which is also the third most populated city in the US, Aurora, Rockford, Springfield and Naperville.

 

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Illinois Housing Statistics
IllinoisUSA
Total Housing4,885,615121,699,874
Total Urban4,267,01494,464,240
Total Rural618,60127,235,633
Occupied4,591,779110,754,106
Vacant293,83610,945,767
Owner Occupied3,088,88473,306,541
Renter Occupied1,502,89537,447,565
Vacant for Rent99,0192,745,385
Vacant for Sale46,8961,264,534
 
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