Building a Home
The Old National One-Step Construction Loan offers simple, flexible financing. Lock in a fixed rate for your construction period and permanent term, while saving on closing costs.
One-Step Construction Loan benefits
- Enjoy interest-only payments during the construction period, up to 12 months; amortizing payments begin after construction period ends
- Choose from a variety of fixed-rate loan terms
- Up to 90% financing available with mortgage insurance1
- Save money with convenient one-time closing
To get prequalified:
Mortgage lenders can prequalify you for a home loan before you even start. The process is quick and easy with an answer in minutes.Apply Online Now!
What you should know about construction loans
Tips for choosing the right mortgage partner
Subject to credit approval. Property insurance required.
- Loan to value is based on the lower of cost or appraised value.