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Old Hickory Credit Union

Making a Positive Difference in our Neighbors' Lives

615-847-4043

Mortgage Loan Lebanon

Lebanon MortgageAfter months of searching, you’ve finally found a home that suits the needs of your family. The next thing you need to do is to apply for a mortgage loan in Lebanon. By applying for a mortgage loan, Lebanon homebuyers will have a lump sum of money they can use to purchase their desired property. One of the advantages of getting a mortgage loan in Lebanon is that homebuyers can customize the term to suit their needs.

Where to Get a Mortgage Loan in Lebanon

When applying for a mortgage in Lebanon, turn to Old Hickory Credit Union. We are a member-owned, not-for-profit financial cooperative that provides clients with safe and reliable mortgage loans and financial solutions.

Our mortgage loan in Lebanon can be considered one of the best in the area. Our bank offers low mortgage rates for first mortgages, home equity loans, and more. This is because we want each of our clients to easily purchase their dream home using their mortgage loan in Lebanon.

A Mortgage Loan That Lebanon Residents Need

Mortgage loans providers knows that buying a house is a competitive, tedious and meticulous process. With all the paperwork required, the cash deposits, and the needed mortgage loans, Lebanon homebuyers often find themselves suddenly overwhelmed with responsibilities.

When buying a house, it is wise to apply for mortgage loans. Lebanon has numerous homeowners who applied for loans to purchase their current properties. The question is: How does one get approved for mortgage loans in Lebanon with good interest rates and terms? Our mortgage lenders have the answer.

At Old Hickory Credit Union, we aim to help homebuyers by providing ideal mortgage loans in Lebanon. To achieve this, we go the extra mile to ensure that we have competitive interest rates and that we understand the needs and situation of every client.

LTV Ratio and Mortgage Loan in Lebanon

LTV or loan-to-value ratio is a financial term lenders use when approving mortgage loans. Lebanon debtors with good credit scores are likely to be approved higher LTV rates. On the other hand, those with low credit scores can borrow lower amounts for their mortgage loans in Lebanon. This is because the LTV ratio is used as a way to measure the risk lenders have when approving mortgage loans to Lebanon debtors.

Old Hickory Credit Union offers up to 95% LTV for debtors applying for a mortgage loan in Lebanon.* This means that you can loans up to 95% of your desired property’s appraised value. For example, if you want mortgage loans in Lebanon for a property worth $100,000, we can lend you up to $95,000. This means your initial mortgage payment will only amount to $5,000 plus any charges incurred during your home purchasing. 

Interest Rates and Mortgage Loan in Lebanon

Here at Hickory Old Credit Union, we pride ourselves on providing our clients with the best possible rates they could get on mortgage loans in Lebanon. Along with our competitive interest rates, we charge minimal fees and closing costs to clients applying for mortgage loans in Lebanon.

Documents Needed When Applying for a Mortgage Loan in Lebanon

Here are the documents you need to provide when you apply for a mortgage in Lebanon:

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

Get a Mortgage Loan in Lebanon Today!

Learn more about how to apply for mortgage loans in Lebanon. Our company, Old Hickory Credit Union, is a geared toward making a positive difference in the community through sound financial solutions. 

Take advantage of what we have to offer! Feel free to ask us any questions about our policies for getting mortgage lenders in Lebanon. You may call our mortgage loans originator at 615-847-4043, ext 7143. Visit our website, too, to find out what other banking services we have in store for you! 

Old Hickory Credit Union - Mortgage Loan Lebanon

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 - Mortgage Loan Lebanon

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 federal savings account with us. If you maintain your account, options of a minimum deposit ensures your lifetime membership.

Banking With Old Hickory Credit Union - Mortgage Loan Lebanon

  • 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 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

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 - Mortgage Loan Lebanon

 

Consumer 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 Loan Lebanon

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

Get in Touch With Us - Mortgage Loan Lebanon

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.