FDIC-Insured – Backed by the full faith and credit of the U.S. Government

FDIC-Insured – Backed by the full faith
and credit of the U.S. Government

Mortgage Loans

From your first home to your final, find a First Midwest mortgage that fits your budget. Choose from conventional, first-time homebuyer, VA, FHA, and USDA Rural Development loans, with a local lender guiding you from application to closing.

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Mortgage Options for Buying or Refinancing

Whether you’re buying your first home, moving up, refinancing, or using a government-backed loan, First Midwest Bank has a mortgage to fit. Local lenders make it personal, guiding you from application through closing.

Conventional Loans

Best if you want to buy a new home or refinance your existing home loan to lower payment, remove private mortgage insurance or get funds to pay off debt or make home repairs.

Available for purchase or refinance
Fixed-rate and adjustable-rate loans available
Terms from 10 to 30 years
No prepayment penalties

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First-Time Homebuyer Loans

Best if you’re buying your very first home and need expert guidance to go from renter to homeowner, with attentive personal service from day one through closing day.

Fixed-rate loans with predictable monthly payments
Flexible credit score requirements
Lower down payment requirements
Ideal for borrowers with low to moderate incomes

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VA Loans

Best for eligible veterans and service members. Take advantage of our special program designed to help active-duty service members and eligible veterans achieve homeownership, affordably.

Lower interest rates available
No down payment required for qualified borrowers
No minimum credit score requirement
No private mortgage insurance (PMI)

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FHA or USDA Rural Development Loans

Best for those who need lower down payment requirements and lower interest rates than a conventional loan with a mortgage backed by the federal government.

Available for first-time buyers and current homeowners
Fixed-rate loans with stable monthly payments
Ideal for people with little savings or credit challenges
Must meet geographic eligibility requirements for USDA loans

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Estimate Your Payments

See what your monthly mortgage payment could look like before you shop. Our free calculator shows how price, down payment, rate, and term affect your budget.

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Required Documents

Speed up your application by gathering these documents ahead of time. Each borrower will need:

Federal income tax returns from the past two years
Most recent W-2 form
Copy of legal description of the house
Purchase contract signed by the homebuyer and seller
Current pay stub
Driver’s license, passport or other government-issued ID

Current Rates

Please contact your local branch or call our Customer Service team at (573) 785-8461 for more information about our rates.

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Apply for Pre-Approval

Apply for your mortgage loan before you find your perfect home. We’ll issue a pre-qualification letter you can use to assure sellers that you’re a qualified buyer. Plus, you’ll have an opportunity to lock in your rate.

Required Documents

Speed up your application by gathering these documents ahead of time. Each borrower will need:

Federal income tax returns from the past two years
Most recent W-2 form
Copy of legal description of the house
Purchase contract signed by the homebuyer and seller
Current pay stub
Driver’s license, passport or other government-issued ID

Current Rates

Please contact your local branch or call our Customer Service team at (573) 624-3571 for more information about our rates.

Call Us

Preapproval

We’re Right Around the Corner

We have several conveniently located branches throughout Missouri. Stop by and visit us today.

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Frequently Asked Questions

First Midwest Bank offers conventional loans, first-time homebuyer loans, VA loans, FHA loans, and USDA Rural Development loans. Local mortgage lenders help you compare options for buying or refinancing a home.

A conventional loan is a mortgage that isn’t backed by a government agency. At First Midwest Bank, conventional loans come in fixed-rate and adjustable-rate options, with terms from 10 to 30 years and no prepayment penalties.

FHA and USDA Rural Development loans are federally backed mortgages with lower down payment options and flexible credit guidelines. USDA loans require the home to be in an eligible rural area. First Midwest Bank offers both for first-time buyers and current homeowners.

Apply for pre-approval online through First Midwest Bank by contacting a local mortgage lender. Your lender will review your income, credit, and assets, then provide a letter you can share with sellers when you make an offer.

Pre-qualification is a quick estimate of what you may be able to borrow, based on information you provide. Pre-approval is a closer review of your income, credit, and assets, so it carries more weight with sellers. Your First Midwest Bank lender can explain which step is right for you.

Mortgage rates can change daily. For current rates, contact your local First Midwest Bank branch, call Customer Service, or reach out to a local mortgage lender directly.