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Home Construction Loans

Ready to build the home of your dreams?

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Get Prequalified

Work with us to build your home from the ground up.

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Building a Home

The Old National 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 

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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
  • Private mortgage insurance is not required
  • 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?

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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.

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BUYING YOUR FIRST HOME

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

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800-731-2265

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.