Home Loans That Work for You
You need a home loan that's affordable and fits your goals. With a variety of options, competitive interest rates, flexible underwriting, and friendly service, we're here to lead you to your dream home.
Leaders Mortgage Services
We’re leading our members to their dream of homeownership with affordable rates and a smooth underwriting process.
Easy online application process
Competitive rates
Low and no down payment options available
Accelerated closings with streamlined local underwriting
Friendly local loan servicing from our Mortgage Champions
Free online mortgage portal
In-House Loans
Our in-house home loan program is ideal for members who prefer local service that will take them from the application through to their final mortgage payment.
- Common-sense underwriting
- Low and no down payment options
- May be able to avoid private mortgage insurance (PMI)
Conventional Loans
Leaders Credit Union offers conventional home loans with flexible loan-to-value ratios. Typically closing on a expedited timeline, conventional home financing can get you into your new home as soon as possible.
- Flexible loan-to-value ratios of 97%, 95%, 90%, and 80%
- Low down payment options available
- Easy online application process
FHA Home Loans
FHA home loans are designed to put the dream of homeownership within reach for people who might not meet the requirements for a conventional loan or have a sizeable down payment.
- Minimum down payment of 3.5%
- Flexible underwriting
- Apply family gifts toward your down payment or closing costs
USDA Loans
Available in 97% of the geographical United States, USDA loans are designed to make homeownership accessible with reasonable underwriting and no down payments.
- No down payment required
- Flexible closing cost options
- Competitive interest rates
VA Loans
The VA thanks active and veteran soldiers for their service with affordable home loans that put the dream of homeownership within reach.
- No down payment requirement
- Limited closing costs
- No mortgage insurance required
THDA Loans
The THDA provides down payment and closing cost assistance to first-time and repeat home buyers across Tennessee.
- Receive up to $6,000 or 6% of your home’s purchase price in the form of a second mortgage
- Deferred or amortized payment options available
- Available to qualified first-time and repeat home buyers in 43 Tennessee counties, plus select areas of 15 additional counties
Medical Professional Loans
Qualified medical professionals serving West Tennessee can get affordable loans with special features as a thank you for their service.
- Low and no down payment loans available
- Reasonable consideration of student loan debt
- No private mortgage insurance required
Bridge Loans
What happens if you need to buy a new home before your current home has been sold? Leaders Credit Union offers affordable bridge loans for a smooth transition.
- Access your current home's equity for down payment on your next home
- Six-month term allows for flexibility
- Interest-only payments
Home Equity Line of Credit (HELOC)
Get the money you need to consolidate debt, make home improvements, pay for a new car, or your child’s college education, with rates you can afford.
- 7-year withdrawal period allows for flexible spending
- HELOCs up to $200,000
- No early termination or prepayment penalty
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Not sure which mortgage loan is right for you?
Contact our mortgage team to discuss your home ownership goals.
Owned by Members
Membership means ownership. As a not-for-profit credit union, we share rewards with our members in the form of dividends.
Competitive Rates
Our members benefit from competitive rates that are lower than most financial institutions.
Local Service
As part of the West Tennessee community, we’re proud to serve our members and neighbors with a smile.
Why Leaders?
Our goal is a simple one: to lead our members to their dream of homeownership
Stability
We’re one of the largest and healthiest credit unions in Tennessee, providing financial stability to our valued members.
Comprehensive Services
From basic banking services to sophisticated tools to achieve your financial dreams, we’ve got the accounts you need to reach your goals.
Owned by Members
Membership means ownership. As a not-for-profit credit union, we share rewards with our members in the form of dividends.
Competitive Rates
Our members benefit from competitive rates that are lower than most financial institutions.
Local Service
As part of the West Tennessee community, we’re proud to serve our members and neighbors with a smile.
Stability
We’re one of the largest and healthiest credit unions in Tennessee, providing financial stability to our valued members.
Comprehensive Services
From basic banking services to sophisticated tools to achieve your financial dreams, we’ve got the accounts you need to reach your goals.