Last Updated: 04/18/2025
Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage
Unaffiliated
Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
N/A
Loan Term (Years)
Up to 30
Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage Review
Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage is offered by Tennessee Employees Credit Union , a credit union founded in 1969 and based in Nashville, TN. Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage are available in 50 states and Washington, DC.
Key Takeaways
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage only offers fixed-rate mortgages.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- High maximum LTV ratio. Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage has a maximum loan to value ratio of 97%, which is higher than average. Most lenders want you to have at least 20% equity.
Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage Pros & Cons
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Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage FAQ
What is the maximum loan term you can get with Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage?
Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Tennessee Employees Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage may charge a loan origination fee .
What property usage types does Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Tennessee Employees Credit Union 30 Year Fixed Rate Mortgage is (615) 313-5585.
What is the support contact email?
The support contact email for is tnecu@tnecu.org.
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Hours of Operation
Sunday
Closed
Monday
8:00AM - 4:00PM
Tuesday
8:00AM - 4:00PM
Wednesday
Closed
Thursday
8:00AM - 4:00PM
Friday
8:00AM - 4:00PM
Saturday
Closed