Midwest Bank Receives Lender Honors From USDA Rural Development

Midwest Bank’s (www.midwestbank.com) Norfolk branch was recently recognized by USDA Rural Development Nebraska State Director Maxine Moul as a Top Ten Lender (ranking fifth) for the Fiscal Year 2015 USDA Rural Development’s Guaranteed Rural Housing (GRH) loan program.  Midwest Bank delivered in excess of $3.8 million in home loans to allow 46 rural Nebraska families to “build a better future together.”

In Fiscal Year 2015, 75 approved lenders participated in the GRH program and provided more than $103 million to assist 1,030 rural Nebraska households in achieving homeownership. The program assists first time homebuyers and those who are seeking a different home because of changing family needs. With guaranteed financing, private lending institutions provide the loans which are guaranteed by the federal government.  The program features no down payment to eligible income households and no maximum mortgage limits.

GRH loans have been processed in 76 out of the 93 counties throughout Nebraska. Existing guaranteed or direct loan borrowers may refinance their home loans under the GRH loan program to obtain a possible lower interest rate.

Midwest Bank, headquartered in Pierce, NE, has ten bank locations in nine communities across Eastern Nebraska: Pierce, Pilger, Plainview, Creighton, Norfolk, York, Deshler, Wisner and Lincoln.

For more information about Midwest Bank, call (402) 420-0560 or visit www.midwestbank.com.