Old Hickory Credit Union Mortgage Rates, Fees & Info

Old Hickory, TN

LEI: 254900IZF27X7A3Q7I15

Tax ID: 62-6040210

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Old Hickory Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Old Hickory Credit Union has a high proportion of conventional loans.

    Old Hickory Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Old Hickory Credit Union is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 10.27% 11/17/24
    30 Year Conventional Purchase 6.01% 11/17/24
    30 Year Conventional Refi 5.97% 11/17/24
    30 Year Cash-out Refi 5.75% 11/17/24
    15 Year Conventional Purchase 5.42% 11/17/24
    15 Year Conventional Refi 6.61% 11/17/24
    15 Year Cash-out Refi 6.61% 11/17/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Old Hickory Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Old Hickory Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    159

    Origination Dollar Volume (All Markets)

    $21,305,000

    Awards

    Old Hickory Credit Union 30 Year Conventional Loans gold Old Hickory Credit Union 30 Year Conventional Loans gold
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 159 $21,305,000 $133,994 $3,267 3.27%
    Old Hickory Credit Union's top markets include

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Old Hickory Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    KELLEY MORTGAGE, LLC
    Similarity Rank: 336
    First Vision Bank of Tennessee
    Similarity Rank: 657
    US COMMUNITY
    Similarity Rank: 686
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 952
    Southeast Financial Credit Union
    Similarity Rank: 990
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1932
    HERITAGE SOUTH COMMUNITY CU
    Similarity Rank: 2010
    The Farmers Bank
    Similarity Rank: 2295
    First Farmers and Merchants Bank
    Similarity Rank: 2592
    FIRST EQUITY MORTGAGE INCORPORATED
    Similarity Rank: 3328

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 98 $16,750,000 $170,918 $3,267 2.81%
    HELOC 61 $4,555,000 $74,672 n/a 4.00%

    For 2021, Old Hickory Credit Union's most frequently originated type of loan was Conventional, with 98 originations. Their 2nd most popular type was HELOC, with 61 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 64 $6,970,000 $108,906 $3,249 3.44%
    Cash Out Refi 37 $6,875,000 $185,811 $3,407 2.76%
    Other 26 $2,360,000 $90,769 $2,247 4.05%
    Refi 19 $2,985,000 $157,105 $3,211 2.72%
    Home Purchase 13 $2,115,000 $162,692 $3,327 3.12%

    For 2021, Old Hickory Credit Union's most frequently cited loan purpose was Home Improvement, with 64 originations. The 2nd most popular reason was Cash Out Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 84 $8,650,000 $102,976 $3,392 3.60%
    30 Year 45 $8,885,000 $197,444 $3,517 2.85%
    15 Year 16 $2,540,000 $158,750 $3,164 2.95%
    10 Year 11 $1,025,000 $93,182 $2,344 3.05%
    5 Year 2 $100,000 $50,000 $2,055 2.13%
    Other 1 $105,000 $105,000 $0 4.00%

    For 2021, Old Hickory Credit Union's most frequently cited loan duration was 20 Year, with 84 originations. The 2nd most popular length was 30 Year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 71 $10,885,000 $153,310
    $2k-3k 17 $5,355,000 $315,000
    $<1k 10 $510,000 $51,000

    Old Hickory Credit Union's average total fees were $3,517, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 66 $12,120,000 $183,636
    3-4% 61 $4,555,000 $74,672
    <2.5% 27 $4,195,000 $155,370
    4-5% 4 $370,000 $92,500
    5-6% 1 $65,000 $65,000

    During 2021, Old Hickory Credit Union's average interest rate for loans was 2.85%, while their most frequently originated rate bucket for loans was 2.5-3%, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 69 $3,565,000 $51,667 $2,139 3.70%
    $100k-200k 51 $7,285,000 $142,843 $3,035 3.02%
    $200k-400k 36 $9,180,000 $255,000 $4,095 2.84%
    $400k-600k 3 $1,275,000 $425,000 $5,229 2.80%

    2021 saw Old Hickory Credit Union place emphasis on $100,000 or less loans with 69 originations, totaling $3,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $2,290,000 $104,091 $3,191 3.28%
    $100k-150k 21 $2,785,000 $132,619 $3,360 3.66%
    $75k-100k 21 $2,565,000 $122,143 $3,251 3.54%
    $150k-250k 19 $1,795,000 $94,474 $3,463 3.77%
    $50k or less 18 $1,500,000 $83,333 $2,624 3.57%
    $250k+ 2 $510,000 $255,000 $4,026 3.30%

    Old Hickory Credit Union lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $100k-150k, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $16,780,000 $127,121 $3,232 3.28%
    Not provided 10 $2,020,000 $202,000 $3,499 3.17%
    Black 15 $1,795,000 $119,667 $3,028 3.28%
    American Indian 1 $425,000 $425,000 $5,258 2.85%
    Asian 1 $285,000 $285,000 $4,583 2.70%

    Approval Rates

    Total approvals of all applications
    77.82%

    Old Hickory Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.57%

    Old Hickory Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 159 $21,305,000 $133,994

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    159 $21,305,000 $133,994