Oak Park
Home Mortgage Loans
Get The Lowest Interest Rate On
Oak Park Home Loans.
Whether you are a first time home buyer or
trading up to a larger home, we work to find the best home loan solution for
you. Constantly surveying the hundreds of mortgage lenders as well as
anonymously testing their staff, we are always aware of the conditions of the
home loan market as well as the lenders involved in it.
Best Lender For
Oak Park Home Loans
Unfortunately, the subprime mortgage
crisis has caused dramatic changes in the lending climate. Many lending
institutions have suffered tremendous losses and as a result have
tightened their lending standards drastically. Whereas it used to be
very, very easy to meet the requirements in order to get approved, it is
now much more difficult with most lenders.
When searching for a mortgage lender
in Oak Park, IL, it is important to
find one that not only offers the lowest rates, but also has not
tightened lending standards to the point that only a tiny percentage of
applicants will qualify.
At the top of our list right now is ING DIRECT Orange Mortgage.
They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.
They are still approving the majority of applications.
Oak Park Michigan
Overview & Statistics
Oak Park Overview
As of 2007, Oak Park's population is 30,960 people. Since 2000, it has had a population growth of 3.92 percent.
The median home cost in Oak Park is $124,900. Home appreciation the last year has been -7.14 percent.
Compared to the rest of the country, Oak Park's cost of living is 21.38% Lower than the U.S. average.
Oak Park public schools spend $6,810 per student. The average school expenditure in the U.S. is $6,058. There are about 17 students per teacher in Oak Park.
The unemployment rate in Oak Park is 8.60 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Oak Park jobs have Decreased by 0.26 percent.
Oak Park Climate
Oak Park, MI, gets 30 inches of rain per year. The US average is 37. Snowfall is 33 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 126.
On average, there are 179 sunny days per year in Oak Park, MI. The July high is around 83 degrees. The January low is 20. Our comfort index, which is based on humidity during the hot months, is a 51 out of 100, where higher is more comfortable. The US average on the comfort index is 44.
Oak Park Housing
The median home value in Oak Park, MI, is $124,900. Home appreciation is -7.14% over the last year. The median age of Oak Park, MI, real estate is 49 years.
Oak Park, MI Apartments and Rentals
Renters make up 24.87% of the Oak Park, MI, population. 2.30% of houses and apartments in Oak Park, MI, are unoccupied (vacancy rate).
Oak Park Crime
Oak Park, MI, violent crime, on a scale from 1 (low crime) to 10, is 6. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.
Oak Park, MI, property crime, on a scale from 1 (low) to 10, is 7. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.
For related resources please also visit:
www.oak-park.us
Oak Park Real Estate Agents
Illinois First
Time Home Buyers Grants
Illinois First
Time Home Buyer Programs
Illinois Home Loans
