First Midwest BankFirst Midwest Bank logoArrow DownIcon of an arrow pointing downwardsArrow LeftIcon of an arrow pointing to the leftArrow RightIcon of an arrow pointing to the rightArrow UpIcon of an arrow pointing upwardsBank IconIcon of a bank buildingCheck IconIcon of a bank checkCheckmark IconIcon of a checkmarkCredit-Card IconIcon of a credit-cardFunds IconIcon of hands holding a bag of moneyAlert IconIcon of an exclaimation markIdea IconIcon of a bright light bulbKey IconIcon of a keyLock IconIcon of a padlockMail IconIcon of an envelopeMobile Banking IconIcon of a mobile phone with a dollar sign in a speech bubbleMoney in Home IconIcon of a dollar sign inside of a housePhone IconIcon of a phone handsetPlanning IconIcon of a compassReload IconIcon of two arrows pointing head to tail in a circleSearch IconIcon of a magnifying glassFacebook IconIcon of the Facebook logoLinkedIn IconIcon of the LinkedIn LogoXX Symbol, typically used to close a menu
Skip to nav Skip to content

BUILDING A HOME

The Old National One-Step Construction Loan1 offers simple, flexible financing. Lock in a fixed rate for your construction period and permanent term, while saving on closing costs.

Mortgage Calculators | Apply Online Now | Current Rates | Connect with a Mortgage Expert 

A couple looking at their blue prints of their new home

ONE-STEP CONSTRUCTION LOAN BENEFITS

  • Enjoy interest-only payments during the construction period, up to 24 months; amortizing payments begin after construction period ends
  • Choose from a variety of fixed-rate and adjustable-rate loan terms
  • Up to 89.99% financing available with mortgage insurance2
  • 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.

Connect with a Mortgage Expert

Connect With a Mortgage Expert

If you have questions, please submit our information request form or contact your nearest Old National mortgage expert.

CALCULATE A MORTGAGE PAYMENT

What could your monthly mortgage payment be?

Go to Calculator

IS A CONSTRUCTION TO PERMANENT LOAN RIGHT FOR YOU?

You may be able to build your dream home from the ground up. This financing option gives you the opportunity to turn your plans into reality.

Learn How It Works

BUYING YOUR FIRST HOME

Download our first-time homebuyers guide to help guide you through the home buying process.

Get our Guide

1 Subject to credit review and approval. Some restrictions may apply and program conditions subject to change without notice. Available on first mortgage purchase transactions on owner-occupied residences. Property insurance required. Rates are subject to change daily. Contact an Old National Mortgage Lender for product details.
2 Loan to value is based on the lower of cost or appraised value.