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Mortgage
Start Your Homeownership Journey Today
Reach the next milestone in your life with a mortgage loan from Midland States Bank.
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Buy
Turn your dream of homeownership into a reality with our affordable mortgage loan options.
Build
Build your dream home from the ground up with our flexible and competitive construction loan options.
Refinance
Change the terms and payment of your mortgage with our hassle-free refinancing options.
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Get Pre-Approved and Take the First Step Towards Your Dream Home
Getting pre-approved is a speedy and effortless process with us, and you can do it before filling out a complete mortgage application. Getting pre-approved for a mortgage before you start house hunting can help you understand how much house you can afford and narrows down your search to homes that fit within your budget. Taking the time to get pre-approved can save you time and help you make a more informed decision when it comes to purchasing your dream home.
Mortgage Loan Options
Conventional Mortgage >>
Provided by Midland States Bank. Enjoy flexibility, competitive interest rates, and a variety of repayment choices, making it the preferred choice for many.
USDA Home Loans >>
Backed by the US Department of Agriculture, USDA loans are designed to help borrowers in rural areas purchase a home with little or no down payment.
Jumbo Loans >>
Designed for high-value properties to cater to the unique needs of luxury or high-cost homes that exceed standard limits.
VA Home Loans >>
Government-backed and designed to help Veterans, service members, and surviving spouses purchase homes with competitive interest rates and no down payment requirements or PMI.
Bridge Loans >>
Need to move quickly? Get a short-term financial boost to seamlessly transition between your current home and new home.
FHA Home Loans >>
Crafted by the Federal Housing Administration (FHA), and aimed to assist borrowers with lower credit scores or limited down payments buy homes.
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Buying Investment Properties
If you are interested in owning rental homes, Midland States Bank can help provide the funding you need to purchase a property that will be rented out to tenants.
Make your building plans a reality with Construction and Lot Loans.
We can help you finance the purchase of land or the construction of a new home.
Mortgage Refinancing Options
Rate & Term Refinance
Adjust your mortgage terms to reduce your monthly payments or pay off your loan quicker.
Cash-Out Refinance
Pay for home improvements and other major expenses by tapping into your home's equity.
FHA & VA Streamline Refinance
Get a lower rate or change the term length on your FHA or VA loan.
Fast. Easy. Home.
With our Digital Mortgage you can easily apply on your mobile device or computer in minutes. The conversational application will guide you through the process and it’s simple to upload documents, so you don’t have to make any trips to the bank. We’ll get you pre-qualified quickly and close your loan faster than most other lenders.
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Not quite ready to move, but wanting a change? Home improvement loans are designed to help you finance renovations, repairs, or upgrades, making it easier to create your dream living space. We offer several loan options, so you can transform your home without the hassle of moving.
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Why Get a Mortgage With Midland States Bank?
When you get a mortgage from Midland States Bank, you'll benefit from:
- Online application: Apply online from your computer or mobile device in just minutes.
- Competitive rates: Our competitive rates can help you save money.
- Full-service approach: You can rely on our help at every step of the process.
- World-class customer service: We go above and beyond to give you the best loan experience possible.
- Mortgage expertise: Our mortgage experts are knowledgeable and highly experienced.
Frequently Asked Questions
The right mortgage for you depends on your financial situation and personal goals. The mortgage experts at Midland States Bank can help you find the best fit.
You will need mortgage insurance if you take out a conventional loan and your down payment is less than 20%. You will also need it if you get an FHA loan.
Generally speaking, you should refinance your mortgage when it saves you money or helps you pay for a significant home expense.
If you have questions around buying a home, we're here to help. See other popular frequently asked questions from homebuyers to help you on your journey to home ownership.
Applying for a mortgage loan with Midland States Bank is a breeze! You have the convenience of two options: you can apply online through our user-friendly mortgage application platform, or give us a call to speak with a friendly Mortgage Loan Officer.
Start the homebuying process by getting your mortgage pre-approval. This will help you determine how much home you can afford, so you can begin searching for homes that fall in your price range.
Get pre-approved online or contact one of our Mortgage Experts to start your homebuying journey.
Yes! Midland States Bank allows you to begin the mortgage pre-approval process online or in person with one of our Mortgage Loan Officers.