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, Florida, Michigan, Tennessee or Wisconsin now, please call (708) 237-4050.

See What Our Clients Are Saying About Us!

Oudai Hassen
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
Dorota - Jarek Jozwiak
17:14 08 Jun 24
Tom Mikowski
Tom Mikowski
10:50 07 Jun 24
Matt
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.
Thank you very much for professionalism , patience ,professional advice commitment and nice service.
hDariusz Broda
hDariusz Broda
21:32 06 May 24
Dariusz Tokarski
Dariusz Tokarski
19:10 06 May 24
I'm extremely satisfied with all services received from Midamerica Bank Corp
christine toczek
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
Casandra Bennett
02:40 14 Mar 24
Leeza Bodnar
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
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
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
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
Sthanu Ramakrishnan
04:44 15 Aug 23
Joanna
Joanna
18:33 07 Aug 23
Kamila Lenart
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
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
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
Jennifer Smith
16:38 22 Jul 23
A W
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
Nina Brunhoefer
16:35 21 Jul 23
kinga kras
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
Aneta Cz
Aneta Cz
18:36 07 Mar 23
Recently I had the pleasure of working with the wonderful and highly professional team at MidAmerican Bancorp,Inc. I can honestly say it was the best experience I’ve had when purchasing a home because the team was working with high accuracy and managed to be on top of my loan. I highly recommend MidAmerica Bancorp to anyone who is looking for a sold loan without worry and headache.
Kayla Doody
Kayla Doody
01:35 26 Feb 23
Karol Marcinowski
Karol Marcinowski
16:37 14 Feb 23
Great service, great support, very responsive team. We will definitely be using MidAmerica for our next purchase. Thank you!
Lukasz Kosor
Lukasz Kosor
02:29 29 Dec 22
Best place in whole MidwestThank you for everything and look forward to future transactions
Joanna Horbal
Joanna Horbal
05:07 16 Dec 22
Greg Mucha
Greg Mucha
16:50 15 Dec 22
Rich and his team have always outperformed the competition.
Anna Budz
Anna Budz
21:27 09 Dec 22
Maria Micek
Maria Micek
03:11 01 Dec 22
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