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

    175

    Origination Dollar Volume (All Markets)

    $22,685,000

    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 175 $22,685,000 $129,629 $2,936 4.48%
    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.

    US COMMUNITY
    Similarity Rank: 295
    First Farmers and Merchants Bank
    Similarity Rank: 456
    Listerhill Credit Union
    Similarity Rank: 858
    THE TENNESSEE CREDIT UNION
    Similarity Rank: 868
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1404
    TENNESSEE TRUST MORTGAGE, INC
    Similarity Rank: 1512
    The Farmers Bank
    Similarity Rank: 1545
    ASCEND FEDERAL CREDIT UNION
    Similarity Rank: 1974
    First Federal Bank
    Similarity Rank: 2260
    SHELTER LENDING SERVICES, L.L.C.
    Similarity Rank: 2380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $17,625,000 $167,857 $2,936 4.26%
    HELOC 70 $5,060,000 $72,286 n/a 4.81%

    For 2022, Old Hickory Credit Union's most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was HELOC, with 70 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 74 $7,360,000 $99,459 $2,731 4.39%
    Cash Out Refi 70 $8,850,000 $126,429 $2,607 4.71%
    Home Purchase 15 $3,945,000 $263,000 $4,641 4.37%
    Refi 9 $1,695,000 $188,333 $3,171 3.18%
    Other 7 $835,000 $119,286 $1,773 4.96%

    For 2022, Old Hickory Credit Union's most frequently cited loan purpose was Home Improvement, with 74 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 76 $6,400,000 $84,211 $3,673 4.73%
    30 Year 42 $10,130,000 $241,190 $3,786 4.01%
    15 Year 41 $4,855,000 $118,415 $2,212 4.72%
    10 Year 13 $1,175,000 $90,385 $2,273 3.89%
    5 Year 3 $125,000 $41,667 $2,047 3.83%

    For 2022, Old Hickory Credit Union's most frequently cited loan duration was 20 Year, with 76 originations. The 2nd most popular length was 30 Year, with 42 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 53 $8,605,000 $162,358
    $<1k 35 $2,895,000 $82,714
    $2k-3k 15 $4,955,000 $330,333
    $3k-4k 1 $505,000 $505,000
    $4k-5k 1 $665,000 $665,000

    Old Hickory Credit Union's average total fees were $3,786, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 53 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 60 $6,850,000 $114,167
    4-5% 33 $4,695,000 $142,273
    5-6% 30 $4,270,000 $142,333
    2.5-3% 26 $4,430,000 $170,385
    6-7% 20 $1,820,000 $91,000
    <2.5% 3 $385,000 $128,333
    7-8% 3 $235,000 $78,333

    During 2022, Old Hickory Credit Union's average interest rate for loans was 4.01%, while their most frequently originated rate bucket for loans was 3-4%, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 87 $4,735,000 $54,425 $1,773 4.72%
    $100k-200k 48 $6,560,000 $136,667 $2,617 4.36%
    $200k-400k 36 $9,350,000 $259,722 $3,961 4.11%
    $400k-600k 3 $1,375,000 $458,333 $6,077 3.79%
    $600k-1MM 1 $665,000 $665,000 $8,956 4.75%

    2022 saw Old Hickory Credit Union place emphasis on $100,000 or less loans with 87 originations, totaling $4,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 31 $2,905,000 $93,710 $2,272 4.50%
    $150k-250k 21 $3,355,000 $159,762 $4,066 4.67%
    $75k-100k 21 $2,825,000 $134,524 $4,056 4.34%
    $50k-75k 13 $1,495,000 $115,000 $3,325 4.05%
    $250k+ 6 $1,340,000 $223,333 $4,311 4.46%
    $50k or less 4 $220,000 $55,000 $2,713 4.31%

    Old Hickory Credit Union lent most frequently to those with incomes in the $100k-150k range, with 31 originations. The second most popular income band? $150k-250k, with 21 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $18,785,000 $129,552 $3,018 4.47%
    Black 14 $1,990,000 $142,143 $2,678 4.71%
    Not provided 15 $1,815,000 $121,000 $2,652 4.23%
    American Indian 1 $95,000 $95,000 $1,654 6.25%

    Approval Rates

    Total approvals of all applications
    80.74%

    Old Hickory Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.71%

    Old Hickory Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 175 $22,685,000 $129,629

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    175 $22,685,000 $129,629