Buying a home or refinancing your mortgage in Oak Lawn, Burbank, Hickory Hills, Chicago or throughout the states of Illinois, Indiana and Florida? MidAmerica Bancorp, Inc. is a well-established mortgage company with more than 15 years of experience in the Chicagoland area. We can help you progress quickly through the application process and close rapidly
The amount a lender is willing to lend to financing your purchase factors in your ratio of debt to income, among other things. A measure of creditworthiness of an individual, FICO scores are widely used by most lenders in their credit decision. Generally, down payment requirements are made with funds the borrower has saved or from a gifting donor.