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A couple together in their first home
FOR FIRST-TIME HOMEBUYERS

Are you ready to get started?

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WHAT TO KNOW ABOUT BUYING YOUR FIRST 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.

  • TALK 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.

  • 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.

More About Buying a Home

  • A couple getting keys to their new house

    WHAT IS AN ADJUSTABLE RATE MORTGAGE (ARM)?

    Learn how it works — and how it compares to a fixed rate mortgage.

  • A man adding up his financials

    CALCULATE A MORTGAGE PAYMENT

    What could your monthly mortgage payment be?

  • A couple in their kitchen talking about buying a home

    IS A LOW DOWN PAYMENT RIGHT FOR YOU?

    A mortgage down payment of 20 percent may not be necessary to get a home.

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