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Old Hickory Credit Union

Making a Positive Difference in our Neighbors' Lives

615-847-4043

HELOC Nashville, TN

HELOCA home equity line of credit, also called HELOC in Nashville, TN, is a type of loan that a borrower is allowed to get by using the equity in his or her home as collateral. A HELOC in Nashville, TN allows you to make varied purchases or pay off higher-interest loans. If you need a financial organization that can lend you a HELOC in Nashville, TN, you can rely on Old Hickory Credit Union to provide excellent financial services.

Why Get a HELOC in Nashville, TN?

HELOC in Nashville, TN Benefit #1: Low Interest Rates

What makes a HELOC in Nashville, TN great is that it typically comes with lower interest rates than other loans. If you have a high credit score, you can obtain an even lower interest rate! This makes a HELOC in Nashville, TN ideal to use for large expenses.

At Old Hickory Credit Union, we teach our members to be economically independent. By providing them with better services, lower interests on loans, and higher dividends on deposits, we help them make better financial decisions. If you get a HELOC in Tennessee from us, you do not have to pay for closing costs. You can also borrow a HELOC in Nashville, TN from us with a minimum initial advance of $10,000.

HELOC in Nashville, TN Benefit #2: Debt Consolidation

Because a HELOC in Nashville, TN tends to have lower interest rates than other types of loans, you can use it to pay off other loans with higher interests. By using a HELOC in, Tennessee, you get to consolidate your debts and make monthly payments at lower interest rates. Using the low interests of a HELOC in Tennessee lets you save money, which you can keep or spend on necessities. 

Old Hickory Credit Union aims to make a positive difference in our members’ lives by helping them borrow responsibly and save money. If you are looking to borrow from your home equity, we can lend you a HELOC in Tennessee with terms that cater to your best interests. What’s more, you can borrow a HELOC in Nashville, TN from us with a minimum credit score of 680.

HELOC in Nashville, TN Benefit #3: Fewer Payments

When you use a HELOC Tennessee, you may only have to pay the interest and not the entire principal during the draw period. You can benefit from a HELOC in Nashville, TN if you are in a financially tight situation. By letting you make interest-only payments initially, a HELOC in, Tennessee buys you enough time to save up for the principal. You can then make payments on the principal during the repayment period.

At Old Hickory Credit Union, we do not focus on making the biggest profits. We are more concerned about helping our members prosper. We constantly adjust our policies to meet your financial needs. If you apply for a loan from us, you can get a HELOC in Nashville, TN at 80% loan-to-value, minus any first mortgage balance. 

HELOC in Nashville, TN Benefit #4: Improved Credit Score

Getting a HELOC in Nashville, Tennessee gives you the chance to improve your credit score. If your payments on your HELOC in Tennessee are made on time, they will reflect greatly on your credit history. This will be proof that you know how to borrow responsibly.

If you plan to apply for a HELOC in Nashville, Tennessee, consider doing it at Old Hickory Credit Union. The minimum amount of HELOC in Tennessee we offer is $25,000.

Apply for a HELOC in Nashville, TN

At Old Hickory Credit Union, our representatives are trained to work diligently on your financial situation. By providing you with a one-on-one personalized solution, we can ensure that your individual concerns are addressed. Join us today, and learn how to be economically independent! If you want to read more about our services, you can visit our website at www.ohcu.org.

Old Hickory Credit Union - HELOC Nashville TN

Old Hickory Credit Union is a nonprofit and a member-owned financial cooperative established in 1934. Federally insured and state-chartered, we are here to make financial services affordable to our members.

Membership for Old Hickory Credit Union - HELOC Nashville TN

Here are the people who are eligible to join our credit union:

  • Residents, workers, and churchgoers from the counties of Davidson, Sumner, Robertson, and Wilson, as well as those from the Smyrna or La Vergne communities
  • Employees who work under one of our Select Employee Groups
  • People who are married to or related by blood to any of our existing members

With an initial deposit of $25, you can open a savings account with us. If you maintain your account, your minimum deposit ensures your lifetime membership.

Banking With Old Hickory Credit Union

  • Checking Accounts

To serve the different needs of our clients, we offer various options for checking accounts, including:

  • Basic Checking. This account needs a minimum daily balance of $100.
  • Green Checking. There is no maintaining balance or monthly service fee needed.
  • Student Free Checking. Designed for members who are 13 to 26 years old, the Student Free Checking account has no minimum balance or monthly service fee requirement.
  • My Way Senior Checking. This checking account, eligible to members 55 years and older, can earn dividends for account holders. It has no maintaining balance requirement or monthly service fee.
  • Premier Dividend Checking. Holders of this account may earn higher rates of dividends. This checking account also has no maintaining balance needed or a monthly service fee.

The following features are included in all of our checking accounts:

  • Unlimited check-writing privileges
  • Overdraft protection from savings
  • ATM/debit card services
  • Online and mobile banking
  • Direct deposit availability
  • Savings Accounts

Here are some types of savings accounts we offer to our members:

  • Basic Savings Accounts. For this account, you need a $25 minimum balance. You can have unlimited deposits and up to five free withdrawals every quarter. Earn dividends with this savings account.
  • Health Savings Account. You may use this account for medical expenses. This account is safe from federal taxes if utilized by the principal holder, spouse, or dependents for qualified medical spending.
  • Share Certificates. You may get Share Certificates for a six-month term or longer.
  • Christmas Club Accounts. Members can make unlimited deposits in this savings account. The funds are transferred to account holders’ main savings accounts around October 15 every year.
  • Vacation Club Accounts. Enjoy unlimited deposits annually with this savings account. Money deposited into a Vacation Club account is transferred into the main savings account around May 15 each year.
  • Youth Accounts

Teaching young people about saving money and spending wisely can help them become responsible with their finances in the future. To help our members educate their children on financial responsibility, we offer the Save-A-Saurus and the Student Free Checking accounts.

Loans With Old Hickory Credit Union - HELOC Nashville TN 

 

Consumer Loans - HELOC Nashville TN

  • Personal Loans. Get Signature Loans, Vacation Loans, or Personal Lines of Credit with various financing options. Your credit score, loan type, and loan term will determine the rates.
  • Auto Loans. Are you looking to buy a car, truck, or van? We can help. Our auto loans have competitive rates. Note that rates may vary depending on your credit scores as well as term and age of collateral. You may also choose from our loan terms that range from one to seven years. Apart from automobiles, we also offer financing for motorcycles, boats, and RVs.

Mortgage Loan

Enjoy our low mortgage fees for our loan products such as First Mortgages and Home Equity Loans. We offer reasonable interest rates and closing costs. Note that loans will go through the approval process. Restrictions may also apply.

Get in Touch With Us - HELOC Nashville TN

If you are interested in joining a financial cooperative, turn to Old Hickory Credit Union. To learn more about our services, call us at (615) 847-4043 or our toll-free hotline at (800) 998-4043. You may also email us at questions@ohcu.org. We are looking forward to making a positive difference in the lives of our members.