Consumer Loans

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Affordable Home Improvement Loans

We offer a special loan program to assist qualified low-income homeowners living in Knoxville and surrounding communities. Loan funds are used for home improvements. Homeowners are eligible if their property is located in a low or moderate income neighborhood or their income is within certain limits. The program features loans to $3,500, low fixed rates and extended terms.

Home Equity Term Loans

We offer Home Equity Term Loans with a repayment schedule which provides for regular reductions of your loan balance.  Your monthly payments are calculated so that the loan will be completely paid out at the end of its term, with no balloon payment or renegotiations necessary.

Disclaimers

  • Minimum loan amount $5,000.
  • Closing costs starting at $300.
  • Maximum Loan-to-value ratio 80%.
  • Property insurance required, including flood insurance if applicable.
  • Offer subject to change.
  • Offer subject to credit and collateral approval.

Home Equity Line of Credit

Our Home Equity Line of Credit offers you a revolving line of credit to provide for your immediate and standby credit needs. When you have an established line of credit for an approved amount, it is instantly available as you need it. It's as simple as writing a Home Federal Line of Credit check.

Disclaimers

  • The Annual Percentage Rate (APR) will vary based upon the U.S. Prime Rate in the Wall Street Journal (as of 6/14/18 Prime Rate was 5.00%).
  • Floor rate of 3.75% APR. The APR will not vary above 18%.
  • Minimum loan amount of $25,000.
  • Maximum loan amount of $250,000.
  • Closing costs are estimated to range between $0.00 and $1,000.00
  • On all Zero Closing Cost Loans, a prepayment penalty of $500 will be charged if the loan is terminated within the first 36 months.
  • An annual fee of $36 may apply after the first year if the HELOC is not accessed within the first 12 months.
  • Maximum Loan-to-value ratio 80%.
  • Rates available for owner-occupied single-family primary residences.
  • Property insurance required, including flood insurance if applicable.
  • Offer subject to change.
  • Offer subject to credit and collateral approval.

Auto Loans

We make loans to finance the purchase of new cars, trucks and vans. Used vehicle financing is also available on models not older than 7 years.

Lot Loans

We offer fixed and variable rate programs to finance the purchase of developed residential building lots. Purchase transactions require closing costs, which would include fees for an appraisal, title search, preparation and filing of deeds and origination.