Home Loans

HOME LOANS¹ SERVICED IN-HOUSE.

Home loans that start with us stay with us. We service your loan here at the Credit Union rather than selling it to anyone else. Our knowledgeable Home Loan Officers are locals – you'll be financing your home with a loan from your neighbors!

We'll be with you from origination to your final payment.
Always know where your loan is and to whom your payment goes.
In addition to our friendly Member service, we offer competitive rates for 10-year, 15-year, and 30-year mortgages and home equity line-of-credit (HELOC)².
While PMI enables home loans with a lower down payment, you may not need it. Talk to one of our loan officers to determine if a no PMI loan option is right for you.

Loans to Fit Your Needs

No matter what kind of home loan you need, our team can help you find your perfect solution. We partner with knowledgeable and trusted third parties to ensure you get the best rates and terms. With our help, specialty loans don't have to be complicated! Ask us about VA | FHA | USDA.

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Make a Payment Payoff Portal Payment Calculator

30 Year Fixed-Rate Mortgage
Effective 11-21-2024
Interest rates as low as...
6.500%³
APR as low as 6.730%

A fixed-rate mortgage loan of $200,000.00 for 30 years at 6.500% interest and 6.730% APR will have a monthly payment of $1,264.14. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

APPLY NOW

15 Year Fixed-Rate Mortgage
Effective 11-21-2024
Interest rates as low as...
5.500%⁴
APR as low as 5.867%

A fixed-rate mortgage loan of $200,000.00 for 15 years at 5.500% interest and 5.867% APR will have a monthly payment of $1,634.17. Taxes and insurance not included; therefore, the actual payment obligation will be greater.

APPLY NOW

SPEAK WITH US TODAY!

For a personalized rate and payment quote, please give us a call at (865)544-5409 or email homeloans@tvacreditunion.com.

REAL ESTATE LENDING CONTACT INFORMATION

If you have questions about your mortgage payment or escrow, please contact us.

Mailing/Payment Address: PO Box 36027 Knoxville, TN 37930

Phone: (865)544-5409 or toll-free (800)467-5427 ext. 5409

Email: MortgageServicing@tvacreditunion.com

REAL ESTATE PAYOFF REQUESTS:

Click the below button for our Payoff Portal

PAYOFF PORTAL

HOMEOWNERS INSURANCE CLAIM:

If you have property damage, please complete and submit a claim packet.

INSURANCE CLAIM PACKET

HOUSING COUNSELORS:

For help with housing needs and to find the nearest HUD-approved housing counselors, call (800)569-4287, or click the button below.

FIND A HOUSING COUNSELOR

ERROR RESOLUTION & INFO REQUESTS:

If you suspect an error in your statement or need additional information, please mail a written request to our mailing/payment address provided above. In your letter, provide the following:

Account Information - Your full name and account number.
Dollar Amount - The amount of the suspected error, if applicable.
Description of the Error or Information Requested - Describe the suspected error or the specific loan information that you are requesting.

Upon receipt of your letter, we will provide a written response within five (5) business days.

HOW TO GET STARTED

Our Loan Officers provide YOU the best service possible so you can worry less. We know part of a great homebuying experience is to have a strong financial partner to help you navigate the details of the home loan process. We are committed to answering your questions and helping you understand all your financing options.

GET STARTED

NOT READY TO BUY YET?

Whether you want to buy today or in a year, we have your back. If you're 6-12 months away from a purchase, there are steps to take now for a smoother process when the big day comes!

Talk to a Loan Officer

It's never too early to start planning! Our Real Estate Loan Professionals are always happy to talk to you about your future home. They'll be there for you all the way to help you understand what to expect, how to prepare, and apply for your loan!

Meet Our Team

Picture Your Dream

If you know what you want in a future home, it will be easier to make plans! Consider the area you want to live in, the size of your dream home, and any important features or amenities. Just remember to stay flexible! The housing market changes all the time, and you never know what might be available when you're ready to buy.

Determine Your Budget

Know what you can afford and what you'll need to borrow. No matter when you aim to make a purchase, the sooner you plan your finances, the smoother the process will be! Use our mortgage calculator to determine what your mortgage will look like over the life of your loan.

WHAT YOU NEED FOR YOUR APPLICATION

Two forms of identification (including one photo ID)
Two-year work history
Most current pay stub (within last 30 days)
W-2s and tax returns (from the last two years)
Bank statements (from the last two months)
Address history (from the last two years)
Homeowner insurance company name and phone number
Sales contract (only for purchase loans)
Legal description of the property (Warranty Deed or Trust Deed)
Current mortgage statement (if applicable)
Most recent awards letter for Social Security and/or pension income (if applicable)

HOME BUYING PROCESS

There’s a lot to unpack when it comes to buying a home. Here’s a summary of the home buying process and what you can expect at each step.

PRE-QUALIFICATION - Contact Knoxville TVA Employees Credit Union and get pre-qualified to buy.
HOUSE HUNT - Work with a realtor to look at homes and submit an offer.
FINALIZE LOAN APPLICATION - Update any necessary documentation.
PROCESS LOAN – Here’s where we take over for you! We’ll file your loan and monitor progress.
UNDERWRITING - The underwriter verifies the loan meets all guidelines and qualifications, then issues a mortgage commitment.
PRE-CLOSING - Final details! Schedule your closing date, pick homeowner’s insurance, and prepare closing costs.
CLOSE -YOU MADE IT! An attorney will finalize the final paperwork for you to sign and take ownership!

How much is my home loan payment?

What will my mortgage payment look like over the life of the loan?

Loan amount

Loan term (years)

15 30

Apply for a Home Loan

Calculations use lowest possible rate, and your rate and/or payment may differ.

KEY WORDS DEFINED

OFFER

A document that outlines the proposed purchase price and any stipulations about buying a specific property.

CONTINGENT

The offer on a house has been accepted, but certain criteria must be met (like a home inspection) before the final sale can advance.

CLOSING COSTS

Fees paid at the end of the buying process by either the seller, buyer, or both.

EARNEST MONEY

Deposit made by the buyer (typically to an escrow account) to show good faith in purchasing a property.

HOME INSPECTION

Examination of the property’s condition, performed by a professional.

TITLE

A document that shows legal ownership of a property.

APPRAISAL

An evaluation performed by a professional to determine market value of a property.

SIGNING

This is when you close for your home! Be prepared for it to take about an hour to sign all the necessary paperwork.

HOME LOANS1 SERVICED IN-HOUSE.