HOME LOANS
What home loan programs are right for you? No matter which type of home loan you need, we'll help to make the whole process easy. Tell us what your goals are and we'll take care of the rest.
Purchasing a New Home?
Buying a new home is exciting, but may also feel overwhelming at times. No need to worry when you partner with Midwest Bank. We are here for you every step of the way. Our team can help you select the loan that is right for you, provide you with a list of everything you'll need to apply, be here to answer your questions, and congratulate you when it's all complete.
Never worry about fluctuations in rate affecting your payment. With our Fixed Rate Mortgage, you can choose from a variety of terms and begin building equity in your home.
With a Balloon Loan, you will have a fixed rate with set payments for a specific term of the loan. When the term ends, the balance is due and could be renegotiated at that time.
As an approved lender, we are able to offer you this loan program through the USDA. Don't let the down payment hold you back, through this program you could qualify for 100% financing. Consult a Midwest Bank lender for additional details.
These loans are backed by the US Department of Veterans Affairs and are available to Veterans, Active Duty Personnel, Reservists/National Guard Members, and some surviving spouses. Click Here to see if you quality.
Don't let the worry of selling your current home distract you from the joy of purchasing a new home. With a Bridge Loan, you can put your focus where it should be, on settling into your new home.
Refinancing Your Existing Home?
Life Happens. Your Needs Change. And so should your home loan if you need it to. Maybe you want to a lower payment, need to change the terms, or use the equity in your home for other expenses; no matter your reason, Midwest Bank can help you.
Never worry about fluctuations in rate affecting your payment. With our Fixed Rate Mortgage, you can choose from a variety of terms and begin building equity in your home. During your refinance process, ask about cashing in on the equity you have in your home.
With a Balloon Loan, you will have a fixed rate with set payments for a specific term of the loan. When the term ends, the balance is due and could be renegotiated at that time. A Balloon Loan also allows you the opportunity to use the equity in your home to get cash.
As an approved lender, we are able to offer you this program through the USDA. If you currently have a USDA Guaranteed home loan, consult your Midwest Bank lender for refinance options.
These loans are backed by the US Department of Veterans Affairs and are available to Veterans, Active Duty Personnel, Reservists/National Guard Members, and some surviving spouses. You could qualify for a traditional refinance, cash out refinance, or Interest Rate Reduction Loan (IRRL). Click Here to see if you qualify.
First-Time Homebuyer?
When you're ready to buy your first home, Midwest Bank is ready to help you. We're here to help you with each step, walk you through the process, answer your questions, and help you confidently purchase your first home.
Think owning a home is out of your reach? By offering special programs through NIFA, you will be moving in before you know it. As a participating lender, Midwest Bank can offer you low interest, low down payment mortgages to help you buy and enjoy the home of your dreams. Click here to learn more.
Contact your local Midwest Bank lender for other Down Payment Assistance Programs available in your area. Income limits may apply.
As an approved lender, we are able to offer you this program through the USDA. If the down payment has been holding you back, you too can make your dreams a reality. Consult your Midwest Bank lender for additional details.
Contact your local Midwest Bank lender for other Down Payment Assistance Programs available in your area. Income limits may apply.
As a First-Time Homebuyer who chooses Midwest Bank, you have access to the Homeownership Set-Aside Programs through the Federal Home Loan Bank. These are down payment assistance programs designed to help first-time homebuyers in rural areas.
Contact your local Midwest Bank lender for other Down Payment Assistance Programs available in your area. Income limits may apply.
Building a New Home?
Building your dream home shouldn't just be a dream. Let Midwest Bank help you make it a reality. Our trusted team of lenders can help you get the construction process underway.
If you're looking for a financial partner you can trust to help you with the construction process to build your dream home, choose our team at Midwest Bank. See us for current rates and terms available.
Don't let the worry of selling your current home distract from your joy of building a new home. With a Bridge Loan, you can put your focus where it should be, on building your future.
Home Equity
Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) is a smart option when you're looking to make home improvements, large purchases, pay college tuition, or consolidate debt. With competitive rates, Home Equity Lines of Credit are a great way to put the equity you have in your home to work for you. Once established, you can access the funds as you need them, allowing you to borrow, repay, and do it again.
Also, make sure to consult with your tax advisor about tax deductions.
Home Equity Loan
A Home Equity Loan is a one time, fixed rate loan, fixed payment loan that can be used for various needs as they arise. Using the equity you have in your home is a smart way to finance home improvement projects, vacations, or other purchases you have planned. Affordable rates and payment schedules make this a sensible option for any homeowner.
Also, consult with you tax advisor about tax deductions.
