Loans & Credit Cards
Old National offers mortgage options for every lifestyle and budget.
We’re here to help with smart mortgage options, proven expertise and one-on-one personal service that makes you feel right at home.
If you’re looking for the security of a fixed interest rate and a variety of term options, a fixed-rate mortgage could be the key to your homeownership dreams.
With an interest rate that remains constant for the life of the loan, a fixed-rate mortgage makes budgeting easy. Choose the term that works best for you, from 10 to 30 years.
A shorter term provides even more benefits:
Whether you’re a first time homeowner planning to upsize, expecting to relocate in the future or you just need the budget flexibility, a balloon mortgage1 may be the right fit for you.
A balloon mortgage is a short-term loan, 5 to 7 years, with a payment that is calculated on a term of 30 years. This loan typically provides buyers with a lower interest rate and the option to pay off or sell their home, refinance or convert their loan to a traditional mortgage at the end of the loan term.
Adjustable Rate Mortgage (ARM)
An ARM is a mortgage loan with fluctuating monthly payments tied to an economic index. It may be an ideal choice if you:
Create your dream home or get started on that major addition or renovation.
A Federal Housing Administration (FHA) loan is great for first time home buyers and people without a lot of liquid savings.
For veterans, a VA loan is a terrific option.
How much can I afford?
As a general rule, your mortgage payment should not exceed 28% of your gross monthly income. Use our simple online mortgage calculators.