Are you dreaming of buying your first home, but wonder how to take the first step? You may be asking yourself: Can I qualify for a home loan? Can I handle a monthly payment along with other expenses? The Home Manager Program at Old National Bank can help make the dream of owning a home a reality. It starts with an affordable Home Manager Mortgage,1 and provides additional tools you need to succeed as a new homeowner.
Home ownership comes with a lot of responsibility—much of it financially related. In addition to the Home Manager Mortgage, the Home Manager Program helps you manage important financial aspects of home ownership by using the following two types of accounts:
This account helps you manage home-related expenses. A fixed portion of your income like your paycheck or Social Security is directly deposited into your Home Manager Account. Payments such as mortgage payments, utility bills and other home expenses are made automatically from your Home Manager Account, giving you peace-of-mind.4
The remainder of your income can be deposited into an Old National checking account, so you can pay the rest of your expenses such as groceries, clothing, car insurance and more. You can use an Old National debit card5 or checks to pay for these expenses from your checking account.Home Manager Program participants are also asked to prepare for responsibilities of owning a home, through successful completion of a Home Buyer Education Program certified by the Dept. of Housing and Urban Development (HUD).
For a list of qualifications and to learn if you are eligible, please submit our information request form or contact your nearest Old National mortgage expert.
Additional qualifications may apply. Home Manager Program available only for first-time homebuyers.