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Rates based on a Loan Amount of $315,000, Loan to Value (LTV) 70%, Credit FICO Score 770 Rates, terms, and fees as 4/22/2022 11:00 AM Central Standard Time and subject to change without notice. Rates are posted daily at 11am Monday – Friday. Rates are not posted on the weekend. Call the Smart Mortgage rate lock line now (888) 999-1350.
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Buffalo Grove, officially the Village of Buffalo Grove, is a village in Lake and Cook County, Illinois. A suburb of Chicago, it lies about 30 miles (50 km) northwest of Downtown Chicago.[a] It totals 9.6 square miles (25 km2) of land, with the top three-quarters in Lake County and the bottom quarter in Cook County. Roads in the village such as Lake Cook Road and Illinois Route 83 converge on I-294, which take drivers to O’hare International Airport 20 miles (32 km) south of Buffalo Grove. As of the 2020 Census, Buffalo Grove has a population of 43,212.
Before westward expansion, Native American Potawatomi tribes inhabited the present area. The name “Buffalo Grove” comes from the English translation of the Potawatomi name for Buffalo Creek, which flows through some of the village.[9] Initial Homesteaders sold their land to agricultural Catholic German immigrants, who established St. Mary’s Church and a school. The rural area changed minimally until post-Korean War developers bought and suburbanized the region for veterans. After being incorporated in 1958, Buffalo Grove experienced a population boom for the next three decades and hosted a 50th Anniversary Celebration in 2008.