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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.
Insights
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Qualifying for a mortgage
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The top eight homebuying mistakes to avoid
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Understanding mortgage basics
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