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Old Hickory Credit Union

Making a Positive Difference in our Neighbors' Lives

615-847-4043

Mortgage Loan Nashville

Loan NashvilleA mortgage loan in Nashville, allows residents to live their dream of owning a home. Imagine having a place where you can build your life in without worrying about when rent is due. You won’t have to seek approval from your landlord whenever you want to repaint or remodel something. Not only do you have permanent shelter, but more importantly, you have a reliable mortgage loan. However, owning a house comes at a cost. For some, it means paying the property's full price. For others, it means getting a mortgage loan in Nashville.

Old Hickory Credit Union is a federal credit union that helps its members borrow responsibly and save money. Among our services is lending mortgage loans in Nashville. If you plan to borrow against your home's value, consider applying for our mortgage loans in Nashville.

What Is a Mortgage Loan in Nashville?

A mortgage loan in Nashville refers to a sum of money that a person borrows to purchase a home. The loan also uses the real estate being purchased as collateral. In case the borrower fails to make a timely repayment, the lender can take the borrower's property and sell it in a process called foreclosure in Nashville, Tennessee.

As a member-owned credit union, our company’s vision is not focused on generating the biggest profits. We constantly adjust our terms and policies to serve our members better. That is why we offer mortgage loans in Nashville, Tennessee with low interest rates. If you apply for a mortgage loan in Nashville, Tennessee from Old Hickory Credit Union, you can make your monthly payments more affordable.

Why Get Mortgage Loans in Nashville?

  • Mortgage loans in Nashville lets you build equity.

Mortgage loans in Nashville lets you increase the difference between your property’s value and the debt you owe on it. If your home’s market value appreciates over time, your home equity may even double or triple. This increases your real estate wealth, which you can keep or liquefy for other investments. One of your options is to take out a home equity line of credit (HELOC) in Nashville, Tennessee. Because HELOC has lower interest rates than other loans in Nashville, Tennessee, you can use it to pay off higher-interest debts.

  • Mortgage loans in Nashville can improve your credit score.

Paying off a mortgage loan in Nashville in a timely manner can do wonders for your credit score. The higher your credit rating is, the lower the interest rates you may be able to obtain. Because good credit history proves you are a responsible borrower, it also makes applying for loans in the future easier for you. 

  • Mortgage loans in Nashville provides tax advantages.

If you get a mortgage loan in Nashville, you may be eligible for tax deductions. It is possible that the interests you pay on your mortgage will be tax-deductible. With mortgage rates in Nashville, Tennessee you can also benefit from tax deductions on other loan costs if you are qualified. Examples of other debt expenses include homeowners insurance and private mortgage insurance for Nashville, Tennessee residents.

Mortgage Loans in Nashville We Offer

 

First Mortgage Loan in Nashville, Tennessee

A first mortgage loan in Nashville is the primary loan against a property. It takes precedence over subsequent home debts or second mortgages.

  • Fixed-Term Mortgage Loan in Nashville, Tennessee

At Old Hickory Credit Union in Nashville, we strive to make a positive difference in our members’ lives. As we do not focus on pleasing stockholders, we can offer our members better services, higher dividends on deposits, and lower interests on a mortgage loan in Nashville. When you apply for a mortgage loan in Nashville from us, you can choose from our 5-year, 10-year, 15-year, 20-year, and 30-year terms.

Second Mortgage Loan in Nashville, Tennessee

A second mortgage loan in Nashville refers to a loan against the equity in your home.

  • Home Equity Mortgage Loan in Nashville

We offer 5-year, 10-year, and 15-year home equity loans in Nashville.

  • HELOC

Our draw period for a HELOC lasts for 10 years. The repayment period lasts as long.

Apply for a Mortgage Loan in Nashville, Tennessee

Planning to purchase a home? Apply for a mortgage loan in Nashville today! To learn more about our mortgage loan in Nashville, you may visit www.ohcu.org.

Old Hickory Credit Union - Mortgage Loan Nashville, Tennessee

Old Hickory Credit Union in Nashville 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 Nashville

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 Nashville

  • 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 Nashville

 

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

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 - Mortgage Loan Nashville, Tennessee

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.