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Old Hickory Credit Union

Making a Positive Difference in our Neighbors' Lives

615-847-4043

Mortgage Loan Hendersonville

Hendersonville MortgageThe best financial step to take when purchasing a property is to apply for a mortgage loan. Hendersonville homebuyers who want to get the most out of their mortgage payments should go to a lender who has their clients’ best interests in mind. Don’t apply for a mortgage loan in Hendersonville if your lender charges outrageous fees or has a questionable reputation.

For the best mortgage loan in Hendersonville, turn to Old Hickory Credit Union. We are a member-owned, not-for-profit financial cooperative with a true desire to help every individual that comes to us for mortgage help. We are definitely the lenders you can trust and would want to get a mortgage loan in Hendersonville from.

The Best Mortgage Loan in Hendersonville

Being a member-owned and not-for-profit financial cooperative, we go the extra mile to provide the best possible rates on our mortgage loan. Hendersonville homebuyers can turn to us with confidence knowing that we’re here to support them. We understand how big of a decision buying a home can be. As such, we want to make the process easier when you apply for our mortgage loan in Hendersonville.

Low-Rate Mortgage Loan in Hendersonville

Old Hickory Credit Union offers the best interest rates with minimal fees and closing costs possible on a mortgage loan in Hendersonville, Tennessee. Homebuyers looking for a low-interest mortgage loan in Hendersonville, Tennessee can contact one of our bankers to learn more about our current rates. In fact, it’s best practice to keep in constant touch with one of our bankers because the rates on our offered mortgage loan in Hendersonville can change every day.

High-LTV Ratio- Mortgage Loan in Hendersonville

The LTV or loan-to-value ratio is a term used by lenders. This is also used when applying for a mortgage loan. Hendersonville debtors with good credit scores are often given higher LTV ratios, while those with lower scores get equally lower ratios. However, here in Old Hickory Credit Union, we offer a 95% LTV ratio on our mortgage loan in Hendersonville, Tennessee. This means that you can apply for a higher loan for the property you wish to purchase. For example, at an LTV ratio of 95% for a mortgage loan, Hendersonville, Tennessee debtors can loan $95,000 on a $100,000 property.

Why Do Other Banks Offer Low LTV Ratios on Their Mortgage Loan in Hendersonville?

An LTV ratio on a mortgage loan in Hendersonville, Tennessee is used to determine how risky a loan is. That’s also the reason why lenders approve high LTV ratios to people with equally high credit scores because they are risky clients applying for a mortgage loan in Hendersonville, Tennessee.

Luckily, Old Hickory Credit union is a member-owned, not-for-profit financial cooperative. That’s why we are able to approve a high-LTV ratio mortgage loan Hendersonville, Tennessee debtors can apply for despite their credit score.

Documents Needed When Applying for a Mortgage Loan in Hendersonville

When using a mortgage loan in Hendersonville to purchase or refinance a home, borrowers will need to provide the following documents and paperwork:

  • 30 Days Most Recent Paystubs - Mortgage Loans
  • 2 Years Federal Tax Returns, W-2’s, and Tax Documents - Mortgage Loans
  • 2 Months Bank Statements and Retirement Statements - Mortgage Loans
  • Declarations Page for Homeowners Insurance - Mortgage Loans
  • Most Recent Mortgage Statement - Mortgage Loans
  • Source of Down Payment - Mortgage Loans

Apply for a Mortgage Loan in Hendersonville Today!

Bring your dream home to life by applying for a mortgage loan! Hendersonville borrowers can learn more about applying for a mortgage loan in Hendersonville, Tennessee by contacting our mortgage loan originator at 615-847-4043, ext 7143. Similarly, you can leave us an email at red@ohcu.org stating any queries you may have about applying for a mortgage loan in Hendersonville, Tennessee.

Feel free to visit our website to familiarize yourself with mortgage rates and what Old Hickory Union in Hendersonville is all about! In fact, we offer many banking services and financial solutions apart from a mortgage loan. Hendersonville, Tennessee mortgage loan applicants can breathe a sigh of relief knowing that there is a trustworthy financial cooperative who truly wants to help them reach their mortgage rates goal.

Old Hickory Credit Union - Mortgage Loan Hendersonville

Old Hickory Credit Union in Hendersonville 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 - Mortgage Loan Hendersonville

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 - Mortgage Loan Hendersonville

  • Checking Accounts - Mortgages

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 a higher rate 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 and Mortgage Loans

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 and Mortgage Loans

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 - Mortgage Loan Hendersonville

 

Consumer and Mortgage Loans

  • 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 Loans

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 mortgage loans will go through the approval process. Mortgage loan restrictions may also apply. Our mortgage loan professional will help you every step of the way. Apply for your mortgage rate today!

Get in Touch With Us - Mortgage Loan Hendersonville

If you are interested in joining a financial cooperative, turn to Old Hickory Credit Union for mortgage loan assistance. To learn more about our mortgage loan 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.