blog post
How much do you need for a mortgage down payment?
Find out how much is needed for a down payment and how to get there with assistance programs
Buying Your First Home
Advice & Tools
What should you know about buying a home?
Buying your first home is a major investment, and for some it can be a scary first step to take. But with the right resources, and knowledgeable people to guide you, it's a process you can navigate and an exciting journey to home ownership. To help you get started, Old National offers these and many other first-time homebuyer resources.
Can you afford to own a home?
Sometimes new homeowners are surprised to find their monthly payment on a home is actually less than what they pay in rent. With our mortgage calculators, compare the cost of renting versus buying, find the amount of a monthly mortgage payment or figure how much home you can afford.
Keep in mind that these calculators are only tools. There are many factors that impact your ability to purchase a home, so it's best to talk to a mortgage loan officer, even if you think you can't afford a home.
Use CalculatorsTalk to a mortgage professional
One of your best resources is a mortgage lender, as they have experience in working with first-time homebuyers and know what questions to ask. They can assess your situation, advise you about special programs for first-time homebuyers and help you get pre-qualified. If you don't yet qualify for a home loan, a mortgage lender can help you set financial goals toward home ownership.
Find a mortgage expert
Get our First-Time Home Buyer's Guide
Learn about the ten steps to buying a home, from understanding your credit score, to getting pre-qualified to closing on a mortgage loan.
Learn More
article
Qualifying for a mortgage
Learn what lenders take into consideration when determining if you qualify for a mortgage loan.
calculator
Renting vs buying a home
Should you rent or buy a home? Our calculator can help you compare the costs.
article
Additional costs of owning a home
Before buying a home, know what additional costs to expect - such as property taxes and insurance.
article
Tips for making an offer on a home
You've been house hunting and have found your dream home! How can you improve the possibility that the home's seller will accept your offer?
article
Financial changes to avoid when buying a home
For a smooth and timely process, here are some changes you should avoid from the time you apply for a mortgage until after the closing of your loan.
article
The top eight homebuying mistakes to avoid
When the time comes to buy a home, there’s a lot to think about. Make sure you avoid these homebuying mistakes.
article
Tips for choosing the right mortgage partner
Navigating the mortgage loan process is less stressful when you have the right mortgage loan officer to guide you.
article
Understanding mortgage basics
What basic Information should you know before applying for a mortgage?