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Family Taking A Break And Sitting On Sofa Celebrating Moving Into New Home Together

A step-by-step look at buying a house.

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Step 1

Get Pre-Approved For Your Mortgage

Discuss mortgage options with our Mortgage Experts to see which loan is the right fit for you.

It's best to get pre-approved before you start looking for homes. The pre-approval process will help you determine what price range you can and are willing to afford, strengthen your offer when you find a home you are interested in, and will speed up the closing process when you do decide to buy.

Get Pre-Approved


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Step 2

Happy House Hunting

Begin looking at homes in your price range. If you are unfamiliar with the home buying process, it may be a good idea to work with a Realtor to help you locate the perfect home.

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Step 3

Submit An Offer

Once you find the home for you, it’s time to make an offer. You will negotiate the price and the terms with the seller.

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Step 4

Contract and Appraisal

If your offer is accepted, you will sign a purchase contract. Earnest money is typically collected to show your commitment. You will provide your lender with a copy of your contract, and you’ll complete a formal loan application. Once your lender has these items, they will order an appraisal.

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Step 5


As the buyer, you can choose to have your property inspected. The purpose of a home inspection is to assess the overall condition of a home and identify any potential issues or areas in need of repair. After the inspection, the home inspector provides a detailed report outlining their findings. This report helps make informed decisions about the property by highlighting any issues, safety concerns, or potential repairs needed, which can be used for negotiation, budgeting, or planning future maintenance.

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Step 6

Mortgage Approval

Once your loan is conditionally approved based on the documentation you provided, your lender will issue a conditional loan commitment, providing any outstanding details needed.

Here is a list of documentation that may be needed to determine mortgage approval. The documentation needed is based on your current situation and will most likely not be this extensive.

  • Proof of Income
    • Tax returns
    • W-2s
    • Recent pay stubs showing year-to-date income
    • 1099 forms and profit and loss statements if you are self-employed
    • Divorce decrees verifying alimony and child support payments
    • Proof of Social Security or disability income
  • Bank & asset statements
    • Stock or bond account statements
    • Retirement account statements
    • Proof of gift funds and gift letters, if applicable
    • Documents for the sale of assets
  • Purchase Contract and Addendums
  • Photo ID or Resident Alien Card
  • Legal Documents (trust documents, Power-of-Attorney, etc.)
  • Insurance Policies
    • The homeowner’s insurance policy will insure your home for the loan amount or the estimated cost to replace and provide proof of coverage to the title company.
  • Other Items:
    • Letters of explanation for credit mishaps
    • Documented rent payments if you currently rent

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Step 7

Closing Costs

You'll receive your closing disclosure prior to closing, which shows all costs and the amount needed for closing.

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Step 8

Final Walk-Through

Prior to closing, you and your Realtor will do a final walk-through to make sure the property is in the same condition as the day you wrote the offer or that any agreed upon changes have been made.

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Step 9

Loan Closing: Welcome to your new home!

Prior to closing, you’ll receive disclosures containing all loan details. This allows time for you to review and ask questions.

On closing day, you and the seller will sign documents at a title company or at a Midland Banking Center. After monies are collected and dispersed, you’ll receive the keys to your new home!

Get Started Now


What our customers say about buying a home with Midland:

"Everything was explained or laid out in an easy way to understand. Every time I had a question or concern it was responded to quickly."


– Joshua

"This was the most seamless process of purchasing a home that I have ever experienced. [Our lender] was absolutely amazing to work with. He was always very responsive, answered all my questions and was even able to close the deal one week early."


– Erin

"Complete loan assistance all the way to the closing. Could not be happier!"


– Joseph

Frequently Asked Questions

Midland States Bank has many types of mortgage loans for you to choose from including low down payment options, fixed rates, adjustable-rate mortgages and more. Learn more about your options.

Applying for a mortgage loan with Midland States Bank is incredibly easy. We provide you with the flexibility of two convenient options: apply online through our user-friendly mortgage application platform or contact one of our mortgage experts to apply in person.

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.

Use our Mortgage Calculator to determine your monthly mortgage payment and amortization schedule.

Everyone's situation is different. Use our Renting vs Buying a House Calculator to see which option is best for you.