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.
We can help you apply for the following types of mortgages in Illinois, Indiana, Florida or Wisconsin:
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%.Learn More
FHA mortgages are guaranteed by the Federal Housing Administration, and are a favorite among first time and repeat home buyers alike.Learn More
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.Learn More
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.Learn More
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:
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.
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.
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.