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Old Hickory Credit Union

Making a Positive Difference in our Neighbors' Lives

615-847-4043

Mortgage Loan Portland

Loan PortlandIf you plan to purchase a home, getting a mortgage loan in Portland may just be your best financial move. Borrowing against your real estate may seem daunting, but it comes with advantages that can increase your household wealth. Old Hickory Credit Union is a federal credit union that provides financial aid options, including a mortgage loan in Portland. If you need a mortgage loan in Portland, consider working with us.

Types of Mortgage Loan in Portland We Offer

We offer primary and subsequent mortgages to our members.

First Mortgage Loan in Portland

If you work with us, we can let you borrow a mortgage loan in Portland that covers up to 95% of your home's value. Also, you can choose from our 5-year, 10-year, 15-year, 20-year, and 30-year terms for mortgage rates in Portland. Because we are member-owned, we put shareholders before stockholders. That means you can benefit from a low-interest mortgage loan in Portland if you are a member. The higher your credit score, the lower the interest rate you can obtain!

Second Mortgage Loan in Portland

Apart from a first mortgage loan in Portland, we can provide home equity loans. We offer closed-end, fixed-rate second mortgages, which let borrowers draw once. You can pay off our second mortgage loan in Portland within 5, 10, or 15 years, depending on your chosen term.

Home Equity Line of Credit (HELOC) Mortgage Loan in Portland

Planning to borrow against your home equity? You can consider applying for our HELOC. Its draw and repayment periods both last for 10 years. At the end of each month, you are required to pay particular rates of your outstanding loan balance.

Why Get a Mortgage Loan in Portland?

 

Mortgage Loan in Portland Benefit #1: Increased Equity

Getting mortgage loans in Portland lets you build your home equity. As you make monthly payments, your home equity grows. What’s more, home equity considerably expands when your home’s value appreciates. Depending on the rate at which your property’s value has increased, your home equity may double or triple.

With more equity, you get to increase your household investment. You can also take out HELOC mortgage loans in Portland, which you can use to make discretionary purchases.

Mortgage Loan in Portland Benefit #2: Improved Credit Rating

Borrowing a mortgage loan in Portland gives you the chance to improve your credit score. When you pay off a mortgage loan in Portland in a timely manner, you can improve your credit history. Lenders offer lower interest rates to individuals with a high credit rating as opposed to ones with a bad credit record. Consequently, monthly payments become more affordable to you. Applying for loans also becomes easier in the future.

Mortgage Loan in Portland Benefit #3: Tax Advantages

By getting a mortgage loan in Portland, you may be given access to several tax advantages. The interest payment on your mortgage rates in Portland may be tax-deductible. If you are qualified, you can also benefit from tax deductions on other loan costs. These include homeowners insurance and private mortgage insurance.

Why Choose Us For a Mortgage Loan Portland

At Old Hickory Credit Union, we do not focus on making the biggest profits. Our top priority is to help our members become economically independent. We do this by providing them quality services and having our diligent representatives attend to their financial needs. Whether you need a first or second mortgage loan in Portland, you can expect that we will work with you while keeping your best interests in mind.

Get a Mortgage Loan in Portland

If you are planning to buy a home, take advantage of property value appreciation by getting a mortgage loan in Portland. Old Hickory Credit Union helps improve the lives of its members by giving them a safe place to handle their financial needs. To learn more about our terms for mortgage rates in Portland, you may visit our website at www.ohcu.org.

Old Hickory Credit Union - Mortgage Loan Portland

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 Portland

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 Portland

  • Checking Accounts Portland

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

  • Basic Checking in Portland. This account needs a minimum daily balance of $100.
  • Green Checking in Portland. There is no maintaining balance or monthly service fees needed.
  • Student Free Checking in Portland. 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 in Portland. 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 rates.
  • Premier Dividend Checking in Portland. 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 Portland

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 Portland

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

 

Consumer Loans Portland

  • 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 rates for motorcycles, boats, and RVs.

Mortgage Loan Portland

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

Get in Touch With Us - Mortgage Loan Portland

If you are interested in joining a financial cooperative, turn to Old Hickory Credit Union to help with your mortgage rates. 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.