Mortgages^**

Mortgage closings in as little as 26 days.^*

Most banks take up to 90 days to close a mortgage. We take less than a month. Plus, with great rates and a simple process, we're bringing momentum back to our housing market.

• Fixed Rate Mortgages
• Adjustable Rate Mortgages
• Meet a Residential Lender
• View Rates

Call 800-241-1749 or visit your nearest branch to get started today.

Fixed Rate Mortgages

With a fixed rate conventional or jumbo mortgage, your rate is locked for the life of the loan. The principal and interest payments will not change as interest rates go up and down, you'll make equal monthly payments over a fixed term.

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^{1 In the example above, the rates and amounts used are for illustrative purposes only and assumes a down payment of 20%. Monthly payment amounts do not include taxes and insurance and your actual payment amount will be greater. Individual situations may vary. This is not an offer to lend.}

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Adjustable Rate Mortgages

With an adjustable rate mortgage (ARM), the interest rate can go up or down, but only after the initial fixed term ends. Many ARMs follow what's called the "two-five" formula, meaning that the rates can't move more than 2% per adjustment period or more than 5% over the lifetime of the loan. First Midwest ARMs feature:

• Limits (caps) on how much interest can change at the end of each adjustment period
• Terms available up to 30 years

And, with our 5/1 ARMs, you'll have a low fixed rate for the first 5 years with an adjustment every year thereafter.

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^{1 In the example above, the rates and amounts used are for illustrative purposes only and assumes a down payment of 20%. Monthly payment amounts do not include taxes and insurance and your actual payment amount will be greater. Individual situations may vary. This is not an offer to lend.}

^{2 Rate may adjust 2% each year with an interest rate adjustment cap of 5%. Rates are variable and may increase after consummation.}

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