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Our Mortgage Process

What can you expect from the mortgage process at MidAmerica Bancorp, Inc.? We offer a fast, easy application process, moving you quickly through each step to close on your new home.

Schedule your free consultation.

The process starts when you give us a call at (708) 237-4050 to schedule your free consultation.

We answer your questions and explain your loan options.

During your free consult, we will have a chance to discuss your mortgage requirements in-depth.

This is when you can ask your questions about home loans, share your goals with us, and tell us about any obstacles that concern you.

We also will take this opportunity to introduce you to the different loan programs we offer and their benefits.

Before your consultation ends, you will have the detailed information you need to make an informed choice about a mortgage.

You fill out your application.

After you choose the type of home loan you want, you can submit your application along with your documentation.

In most cases, you will need to provide employment papers and tax documents like your W-2. But we do offer bank statement loans and no income verification investor loans in case you need an alternative loan process.

Appraisal and underwriting take place.

At this stage, you can focus on your home search while we take care of the appraisal and underwriting. We may ask you for additional documentation at this time.

You receive conditional approval.

We will now give you a loan commitment with conditional approval.

We submit pending documents.

In some cases, additional documentation is required in order to complete the final underwriting review. We will let you know if we need anything more to finish the process.

The underwriter issues final approval on your mortgage.

After you have met all conditions for final approval and the underwriter has finished work, you will be granted final approval on your home loan.

Now it is closing time.

The moment you have been waiting for has arrived—closing time! After completing the last of your paperwork and paying any closing costs that are due, you will be able to finalize the sale. The keys to your home are now yours!

Apply for Your Mortgage in Chicago Now

Do you have more questions about the mortgage process, or are you ready to begin? To schedule your free consultation and apply for a home loan in Illinois, Indiana or Florida now, please call (708) 237-4050.

See What Our Clients Are Saying About Us!

Ursula Marszalik
Ursula Marszalik
19:24 04 Jan 22
Rich Kiel
Rich Kiel
15:40 04 Jan 22
I have worked with MidAmerica Bancorp for many years now. However, this time the people at MidAmerica Bancorp made my refinancing one of the MOST Smoothest and Pain Free process that I have ever experienced. Everything was so extremely automated. The title company even came to my house for the final closing. I never once had to leave my house. I would recommend MidAmerica Bancorp to everyone.
barbara graca
barbara graca
02:03 25 Nov 21
Michelle Wojtowicz
Michelle Wojtowicz
01:46 20 Nov 21
Dan was Super helpful and answered all my questions and I had a million! Would totally recommend working with him.
Aneta Marek
Aneta Marek
04:03 19 Nov 21
CC Restore
CC Restore
02:21 18 Nov 21
Darek is the best in what he does. Highly recommended
Zdzislaw Oleksy
Zdzislaw Oleksy
00:46 18 Nov 21
Peter Zywek
Peter Zywek
20:44 17 Nov 21
Mariusz Zeman
Mariusz Zeman
18:34 12 Nov 21
Grzegorz Kroch
Grzegorz Kroch
02:23 11 Nov 21
Fast and very competent service. Great at what they do. Will definitely use their service when in need. Greatly recommended.Szybka i bardzo kompetentna obsługa. Wspaniali w tym czym się zajmują. Z całą pewnością wybiorę ich usługi w przyszłości. Serdecznie polecam.
Paul Gala
Paul Gala
16:46 10 Nov 21
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.