Buy a Home in Chicago

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, or Florida:


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%.

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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.

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FHA

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

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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.

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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.

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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.

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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.

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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 or Florida 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.

See What Our Clients Are Saying About Us!

Pawel Fonfara
Pawel Fonfara
01:04 16 Sep 21
Darek is a man with lots of knowledge, he is very patient and likes to work with people. I just closed my third deal with him.
EB
EB
19:35 19 Aug 21
Rich is amazing. His team goes above and beyond to get your deal closed.
Monika Budz
Monika Budz
02:38 02 Feb 21
Hasani Bandele
Hasani Bandele
17:09 29 Dec 20
I have worked with many mortgage brokers in the past, and this team is clearly one of the best. I know that they will handle my business fast and professionally!
Greg Landowski
Greg Landowski
14:11 23 Jan 20
Excellent and professional service as usual.