If you're a first-time homebuyer wanting to buy a house that needs a little improvement, but you wonder how to take the first step, our Home Manager Purchase Rehab Program may be your solution. It starts with an affordable Home Manager Mortgage,1 and provides additional tools you need to succeed as a new homeowner.
Combined with the Home Manager Mortgage, our purchase rehab program provides these additional benefits:
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, providing 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. Use an Old National debit card5 or checks to pay for these expenses from your checking account.
Please submit our information request form or contact your nearest Old National mortgage expert to learn more about the Home Manager Purchase Rehab Program.
This unique mortgage allows many low-to-moderate homebuyers the opportunity to turn that almost perfect house into the dream house they deserve. The following is a list of qualifications for Home Manager Mortgage candidates. Purchase and renovate with one loan and one closing.
To meet our Home Manager Mortgage guidelines, a home should:
To be eligible for a Home Manager Mortgage:
Additional qualifications may apply. Home Manager Program available only for first-time homebuyers.