Buy a Home in Chicago

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If you are looking to buy a home in the Chicago area or elsewhere in Illinois, you are going to be shopping not only for a home, but for a home loan as well.

The right mortgage can make a difference in how affordable it is to own a home now and over the lifetime of your loan.

MidAmerica Bancorp, Inc. can help you open the door to homeownership by connecting you with a home loan that is suited to your needs.

Find the Ideal Type of Home Loan in Illinois

We can help you apply for the following types of mortgages in Illinois, Indiana, Florida, Michigan, Tennessee or Wisconsin:

Conventional

A conventional mortgage is one that is not backed by a government agency. Most borrowers who ask about conventional loans are looking for conventional conforming loans. These mortgages fall within the Fannie Mae and Freddie Mac loan limits, and may feature interest rates as low as 3%.

Jumbo

Some properties in Illinois require additional financing beyond what a conventional conforming mortgage allows. For the purchase of these properties, we can connect you with a jumbo loan.

FHA

FHA mortgages are guaranteed by the Federal Housing Administration, and are a favorite among first time and repeat home buyers alike.

VA

If you are a veteran, active-duty service member, or eligible surviving spouse, you may have the opportunity to purchase a home with zero down using a VA loan. This type of mortgage, guaranteed by the Department of Veterans Affairs, offers flexible credit qualifications, competitive interest rates, and no PMI.

ITIN Loans

If you are buying a home as an undocumented immigrant, you can apply for an ITIN loan. With this type of loan, you do not need a social security card to qualify, just an ITIN card.

Bank Statement Loans

You may not have a W-2 if you are self-employed or own your own business. But you do not need one to apply for a mortgage when you apply through our bank statement loan process.

First Time Home Buyers

Are you shopping for your first home in Chicago? We can help you find the right type of mortgage, and walk you through the process of buying your first home step by step.

Bridge Loans

Bridge loans are short-term financing solutions designed to assist homeowners in transitioning seamlessly from their old home to a new one. They “bridge” the gap between selling your existing property and buying a new one.

How Do You Choose the Right Type of Mortgage? We Can Help

With so many mortgage options out there, how do you know what loan product is ideal for your needs?

Many factors may impact your choice of a mortgage. Some considerations include:

Your credit score.
Your debt-to-income (DTI) ratio.
How large a down payment you can afford.
Whether or not you can pay for mortgage insurance.
Your employment status.
How long you plan to live in your home.
Your military service record.

During your free consultation, we will have the chance to review these considerations with you. We will then be able to help you identify which mortgage products are most likely to be a fit for your scenario.

Why Choose Us for Your Home Purchase Mortgage Needs?

Here are a few reasons to choose MidAmerica Bancorp, Inc. for your home purchase loan:

We have more than 25 years of experience helping borrowers purchase homes in the Chicagoland area and beyond. We are familiar with the local market and with the challenges that can arise when buying a home in this area. We will match you quickly with an ideal lending product so you can close fast on your new home.

We have a loan product suitable for every circumstance. Whether you are trying to buy a home without perfect credit, are shopping for a home as an undocumented immigrant, are a veteran looking for a zero down loan, or have another special circumstance, we can help you affordably purchase your next home.

We build long-term relationships with our customers. If you need to modify or refinance your mortgage in a few years, we will be right here to walk you through it.

We are here every day of the week to answer questions and keep moving the process ahead. You can reach us on evenings, weekdays, and weekends.

Buy Your Illinois Dream Home Now

Ready to move into your new home in Illinois, Indiana, Florida, Michigan, Tennessee or Wisconsin with competitive rates? Our expert team is standing by. To get started now, please give us a call at (708) 237-4050 to schedule your free consultation.

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See What Our Clients Are Saying About Us!

MidAmerica Bancorp, Inc.

5.0

Based on 70 reviews

See all reviews Write a review

Nick Shah

02:56 06 Sep 24

We had an excellent experience working with Richard and Luda during our recent home loan process. From start to finish, they kept us informed at every step. Their professionalism and responsiveness made the entire process smooth, and they were able to accommodate our needs for a quick closing date.Richard secured us a fantastic loan rate, which was significantly better than what our initial lender could offer. Our original lender admitted that he "could not get anywhere close to [Richard's] rates."Our attorney was also impressed with how quickly and smoothly our closing day went, thanks to the work of Richard and Luda.Thank you both and the team at MidAmerica Bancorp for everything!

Joanna D

18:24 15 Aug 24

I had a great experience working with Richard Pikul and his staff during my recent home purchase. From the very beginning, Richard made the mortgage process clear and stress-free, walking me through every step with expertise and patience. Richard was always available to answer my questions, provide guidance, and ensure that I understood all my options. I would highly recommend Richard to anyone in need of mortgage services.

Rafal Bukowski

13:40 09 Aug 24

Rich Pikula is great to work with!Very responsive and answered all my questions making the loan process quick and easy.

Joyce Yoon

18:30 07 Aug 24

Margaret was incredible to work with, she was very responsive and always keeping a look out for our best interests. She helped us get the lowest interest rate possible in this non-buyer-friendly climate. We will recommend her to all our friends and recommend her to you too!

Julia Stasik

22:46 31 Jul 24

Kathy Malik

21:37 31 Jul 24

Richard and his team are amazing and hard working . They are very determined to help with closing process. I was always in communication with them and knew they cared about helping me get my first home . I highly recommend them.

Lukasz Polkowski

18:11 31 Jul 24

MARIUSZ JEROMINSKI

18:03 29 Jul 24

I am very pleased to be working with Richard and his MidAmerica Bancrop team. They are very well-coordinated and professional. They handled my case quickly and without any problems. I will recommend them to everyone. Great team!

Oudai Hassen

00:47 09 Jul 24

I worked with Margaret for my loan and she was a very hard worker and got me what we needed.

Dorota - Jarek Jozwiak

17:14 08 Jun 24

Tom Mikowski

10:50 07 Jun 24

Matt

16:45 23 May 24

My fiance and I worked with Richard Pikula and Luda Kantor. The whole loan process was pretty straight forward. We scheduled a meeting with Richard before searching for any houses and he laid out what we could afford. After deciding on a house, he explained what documents were needed and the loan process began. Besides a request for additional documents twice there really were no other hiccups. We ended up closing on time. We couldn't be happier with the whole process.

Zbigniew Prokop (Ziggy)

02:41 07 May 24

Thank you very much for professionalism , patience ,professional advice commitment and nice service.

hDariusz Broda

21:32 06 May 24

Dariusz Tokarski

19:10 06 May 24

I'm extremely satisfied with all services received from Midamerica Bank Corp

christine toczek

21:28 18 Mar 24

Dan and Luda were efficient and communicative regarding our new purchase transaction.Thank you always for your help!

Casandra Bennett

02:40 14 Mar 24

Leeza Bodnar

18:09 09 Jan 24

My experience with MidAmerican Bancorp, Inc. was nothing but amazing! My mom and I worked with Daniel and his team to close my condo in Oak Forest and everything went smoothly. I highly recommend working with MidAmerica and Daniel for any of your real estate transactions!

Klaudia Laskowski

02:31 21 Nov 23

I highly recommend Darek Atczylo. He is very knowledgeable, efficient and reliable. Darek answered all of my questions and took the time in explaining everything. Thank you again Darek for all your hard work!

Beata Bobek

15:08 11 Oct 23

They arranged the loan very professionally and quickly and made my dreams come true. Truly recommendable.

Teddy Williams

17:40 23 Aug 23

The team that worked with us was great and very knowledgeable about every aspect of the loan process

Sthanu Ramakrishnan

04:44 15 Aug 23

Joanna

18:33 07 Aug 23

Kamila Lenart

17:22 31 Jul 23

Another great experience working with Daniel. This is our 3rd time working with him.Thank you for all your help.

dagmara hatlas

00:10 29 Jul 23

Richard Pikula and his team are amazing and make the process of getting a house loan smooth, fast and easy!! Great service and amazing support, I recommend them 100%

Joanna Lowisz

00:16 27 Jul 23

Daniel and his team are amazing! Quick and easy closing.Daniel answered all my silly questions. First time buyer here! Will be back in the future :)

Jennifer Smith

16:38 22 Jul 23

A W

19:52 21 Jul 23

Margaret is very knowledgeable and helpful person. It was a fantastic experience working with her. She went above and beyond to help my American dream to come true.

Nina Brunhoefer

16:35 21 Jul 23

kinga kras

16:01 21 Mar 23

Professional and reliable agency, fully communicative employees, I recommend MidAmerica Bancorp Inc with a score of 10/10

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MidAmerica Bancorp, Inc.
9720 SW Hwy
Oak Lawn, IL 60453
(708) 237-4050
Find us on Google

4950 N Harlem Ave B
Harwood Heights, IL 60706
(708) 237-4052
Find us on Google
NMLS ID: 203035

State Licenses/Registrations:
Florida
Illinois
Indiana
Michigan - dba MidAmerica Home Loans
Tennessee
Wisconsin
www.nmlsconsumeraccess.org

MidAmerica Bancorp, Inc. 9720 SW Hwy Oak Lawn, IL 60453

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MidAmerica Bancorp, Inc. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.