Personal Banking / Mortgage
A fixed-rate mortgage is a great choice for the homebuyer who does not want to be concerned with rising interest rates. Whether you are purchasing a new home or refinancing your existing home, fixed-rate loans are a great fit! Also, don't worry about mailing your payment to some far away address. You have the option of keeping your home loan right here in Tennessee.
One Bank of Tennessee offers financing for the purchase of your first home in conjunction with Tennessee Housing Development Agency (THDA) and USDA. In most cases, with the cooperation of the seller, the borrower may need very little of their own funds to purchase the home.
VA (Veterans Affairs) loans are loans for armed forces veterans, active duty personnel, reservists and their spouses. In some cases, up to 100% financing may be available, and PMI (Private Mortgage Insurance) may not be required.
FHA (Federal Housing Authority) loans help you buy or refinance a home. These loans may require lower minimum down payments and credit scores compared to other loans.