

Rate-and-term, cash-out and streamline refinancingįirst Midwest Bank charges a $750 processing and underwriting fee.Good forīorrowers looking for an assortment of loan options, down payment assistance and the potential to save on closing costs Loan types Organized in the 1930s during the Great Depression, First Midwest Bank grew with the goal to "treat the person in the overalls and the person in the business suit the same way.” Today, First Midwest Bank is licensed in 46 states (it is not licensed in Alaska, Hawaii, Maryland or New Jersey), and the little bank that started in Joliet, Illinois, has evolved into a national lender, offering more than 50 types of mortgage options, prequalifications in 30 minutes or less and closings within 35 days (or within 40 days for a refinance). The bank maintains a branch system with 105 locations throughout Illinois, Indiana, Iowa and Wisconsin. The holding company has $22 billion in assets as well as an additional $15 billion of assets under management. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service.įirst Midwest Bank is the principal subsidiary of First Midwest Bancorp. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories.


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