Making a Positive Difference in our Neighbors' Lives

615-847-4043

Mortgage Loans

Old Hickory Credit Union offers mortgage loan products and services to its members in the Middle Tennessee area. We’ve got low mortgage rates for First Mortgages, Home Equity Loans and more. Being member-owned and not-for-profit, we can offer the best interest rates with minimal fees and closing costs. Our mortgage rates are competitive and can change daily.  Loans are subject to approval and restrictions do apply.

If you have questions or would like more information, please contact our Mortgage Loan Originator at 615-847-4043, ext 7143 or email us at red@ohcu.org.

We offer Conventional Financing, up to 95% LTV on our First Mortgage Home Loans.  We have 5 year, 10 year, 15 year, 20 year, and 30 year terms.

Documents needed when Purchasing / Refinancing a Home

  • 30 days most recent paystubs
  • 2 years Federal Tax Returns, W-2’s, and supporting Tax documents
  • 2 months Bank Statements and Retirement Statements
  • Declarations page for Homeowners Insurance
  • Most recent Mortgage Statement
  • Source of Down Payment

We offer Fixed Rate (Closed End) and Variable Rate (Open End) Home Equity Loans.

Second Mortgage Loans

  • Fixed Rate (Closed End) Loan
  • One time draw
  • We offer 5 year, 10 year, and 15 year terms

Home Equity Lines of Credit 

  • Variable Rate (Open End) Loan
  • 10 year draw period with a 10 year repayment period
  • Payment = 1% of outstanding loan balance at the end of each month

Documents needed for Home Equity Loan

  • Source of down payment
  • 30 days most recent paystubs
  • 2 years Federal Tax Returns, W-2’s, and supporting Tax documents
  • 2 months Bank Statements and Retirement Statements
  • Declarations page for Homeowners Insurance
  • Most recent Mortgage Statement


 

Insurance companies, please use the following as our mortgage interest information on all insurance policies:

Old Hickory Credit Union ISAOA / ATIMA
P.O. Box 431
Old Hickory, TN 37138

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