Find the Right Mortgage For You

¹ All loans are subject to credit review and approval. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your First Metro Financeer or Residential Lender for current loan rates. NMLS #459308.
² Down payment assistance programs are subject to availability. Subsidies range between $3,000 and $6,000.
³ This line of credit account has a draw period of 10 years, after which you will no longer have access to borrow funds and any outstanding balance will be automatically converted to a 20 year fully amortized repayment period.
⁴ Low down-payment programs require you to take out private mortgage insurance, or PMI, to further defray the risk to the lender. This also adds to the cost of a low down-payment mortgage.
⁵ Program conditions subject to change without notice. Construction must not have already been started. Property must be located in Illinois, Indiana, Iowa, Wisconsin, or Michigan. Property insurance required.
⁶ Available on first mortgage purchase transactions on owner-occupied residences only. Borrower must commit to moving his/her banking relationship to First Metro and be open to being introduced to a Private Banker. Other restrictions may apply. See bank for details.
⁷ Calculations are for estimated analysis only. Results are not indicative of any actual loan terms or payment amounts. Please contact a Residential Lender for current rates and to get your free personalized rate quote.
⁸ Rates, terms and conditions effective 5/04/2023 for applications received through 7/31/2023. Subject to credit approval. Property insurance required. Property insurance required for all loans secured by real estate. Rates are subject to change daily. Contact your First Metro Financeer or Residential Lender for current loan rates. NMLS #459308.  Other restrictions may apply, see bank for details. The line of credit has a draw period of 10 years, after which you will no longer have access to borrow funds and will be required to repay the borrowed balance within a 20-year term. During the draw period there is an introductory discounted variable rate in effect for the first 12 billing cycles, based on a 2.50% discount resulting in an APR of 2.76% below prime rate as published in the Wall Street Journal. Thereafter, the variable rate will be based on The Wall Street Journal prime rate (plus or minus a margin) which is currently 7.99%. During the repayment period the rate will be fixed based on the rate at the end of the draw period plus a margin currently 3.00%. APR examples provided above are based on highest credit tier, a credit line amount of $100,000 with an LTV of 80% or less and includes a .25% rate reduction at origination for automatic payments from an ONB checking account. ONB associates may select the associate discount or Private Banking discount, not both, in addition to the promo rate. Maximum APR is 21%, minimum APR is 0.99%. Initial $50 annual fee is waived. During the draw period the minimum monthly payment will be equal to the interest that accrued on the outstanding balance during the preceding billing cycle or $50, whichever is greater. During the repayment period the minimum monthly payment will be based on the balance at the end of the draw period amortized over 20 years or $50, whichever is greater. If you close or refinance your line within 3 years, a Reimbursement fee will be assessed for the lesser of $300 or the amount paid to third parties to recover the closing costs paid on your behalf plus, in MN, the Mortgage Registry Tax (MRT) or Deed Stamp Tax paid on your behalf where applicable. First Metro reserves the right to discontinue this offer at any time. Equity Access Cards are not available to Kentucky residents.