NMHL Mortgage Lending
Mortgage Lender in Chattanooga, TN
Local expertise and competitive rates for Chattanooga homebuyers.
Chattanooga's thriving economy, stunning natural beauty, and revitalized downtown area make it an attractive destination for homebuyers. With a median home price of $295,000, the city offers a relatively affordable housing market compared to other major cities in the Southeast. At National Mortgage Home Loans (NMHL), we understand the unique needs of Chattanooga borrowers and offer a range of mortgage programs tailored to their requirements.
Our expertise in handling complex mortgage situations, including bad credit, self-employed income, and first-time homebuyer scenarios, sets us apart from other lenders. Whether you're looking to purchase a home in the North Shore, Southside, or St. Elmo neighborhoods, our team is equipped to guide you through the mortgage process. With NMHL, you can benefit from competitive interest rates, flexible underwriting, and personalized service.
Chattanooga Housing Market Overview
Chattanooga has earned recognition as a tech-friendly city with its municipal gigabit internet, revitalized downtown, and stunning mountain scenery. The city offers outstanding value with low taxes, affordable housing, and a growing creative economy.
Chattanooga Neighborhoods
Popular areas for homebuyers in Chattanooga, TN
ZIP Codes We Serve in Chattanooga
Mortgage lending available in these Chattanooga ZIP codes
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Your Local Mortgage Partner
We understand the local market dynamics that affect your home purchase. Our team provides personalized loan options based on local property values and regulations.
Available Loan Programs in Chattanooga
Explore mortgage options tailored to Chattanooga homebuyers
First Time Home Buyer Mortgages
Special loan programs helping newcomers purchase their first home with favorable terms and support.
Learn MoreRefi-Shield
Learn MoreAdjustable-Rate Mortgage (ARM)
Financial flexibility and optimal rates with an Adjustable-Rate Mortgage – Your key to a dynamic homeownership journey
Learn MoreHigh-Value Appraisal Program
Learn MoreInterest Only Mortgages
Interest-only mortgages allow borrowers to pay only the interest for a set period, reducing initial monthly payments.
Learn MoreHome Equity Loans
Access the equity in your home with a fixed-rate home equity loan. Get a lump sum with predictable monthly payments for ...
Learn MoreFHA Loans
Federal Housing Administration (FHA) loans are government-backed mortgages designed to help first-time homebuyers and th...
Learn MoreFixed-Rate Mortgage
Lock in your interest rate for the life of the loan with a fixed-rate mortgage. Predictable monthly payments make budget...
Learn MoreBridge Loans
Bridge the gap between buying your new home and selling your current one. Short-term financing that gives you the flexib...
Learn MoreVA Loans
VA loans are a benefit earned by veterans, active-duty service members, and eligible surviving spouses. Backed by the De...
Learn MoreConventional Loans
Conventional loans are not backed by government agencies and typically offer the most flexibility for qualified borrower...
Learn MoreITIN Loans
Purchase a home using your Individual Taxpayer Identification Number (ITIN) without a Social Security Number. NMHL is co...
Learn MoreJumbo Loans
Jumbo loans exceed conforming loan limits and are designed for luxury properties and homes in high-cost areas. With comp...
Learn MoreDSCR Investment Loans
Debt Service Coverage Ratio (DSCR) loans qualify based on rental income rather than personal income. Perfect for real es...
Learn MoreBank Statement Loans
Bank statement loans are designed for self-employed borrowers and business owners who have difficulty documenting income...
Learn MoreReverse Mortgages
For homeowners 62 and older, reverse mortgages allow you to access your home equity without monthly payments. Stay in yo...
Learn MoreUSDA Mortgages
USDA Rural Development loans help moderate-income buyers purchase homes in eligible rural and suburban areas. With no do...
Learn MoreHeloc
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Chattanooga Neighborhoods: Where to Buy
Chattanooga's diverse neighborhoods offer something for everyone. The North Shore area has seen significant revitalization in recent years, with new shops, restaurants, and entertainment venues popping up along the Tennessee River. The Southside neighborhood is known for its vibrant arts scene and eclectic mix of shops and eateries. Meanwhile, St. Elmo and Signal Mountain offer a more suburban feel with easy access to outdoor recreation.
- North Shore: Waterfront properties, new developments, and a thriving arts scene.
- Southside: Vibrant arts community, eclectic shops, and restaurants.
- St. Elmo: Suburban feel, family-friendly atmosphere, and easy access to downtown.
Ready to explore mortgage options in Chattanooga? Get pre-approved with NMHL today!
Mortgage Programs for Chattanooga Borrowers
At NMHL, we understand that every borrower is unique. That's why we offer a range of mortgage programs tailored to the needs of Chattanooga homebuyers. Our programs include options for first-time homebuyers, self-employed borrowers, and those with less-than-perfect credit. We also offer specialized programs for veterans and those recovering from financial hardship.
Our mortgage programs feature competitive interest rates, flexible underwriting, and personalized service. Whether you're looking to purchase a home, refinance an existing mortgage, or tap into your home's equity, our team is here to help.
Take the first step towards homeownership in Chattanooga. Contact NMHL to discuss your mortgage options.
Down Payment Assistance in Tennessee
Tennessee offers several down payment assistance programs to help homebuyers overcome one of the biggest hurdles to homeownership: saving for a down payment. The Tennessee Housing Development Agency (THDA) offers several programs, including the Great Choice Home Loan Program, which provides up to $7,500 in down payment assistance. NMHL is an approved lender for THDA programs and can help you navigate the application process.
In addition to THDA programs, NMHL offers its own down payment assistance options, including the NMHL Advantage program. This program provides up to 3.5% down payment assistance for eligible borrowers.
Don't let down payment requirements hold you back. Explore down payment assistance options with NMHL.
Understanding Property Taxes in Chattanooga
As a homeowner in Chattanooga, you'll need to factor property taxes into your overall homeownership costs. The average effective property tax rate in Chattanooga is 0.68%, which is relatively low compared to other parts of the country. However, property tax rates can vary depending on the location and value of your property.
It's essential to understand how property taxes work in Chattanooga and how they may impact your mortgage payments. Our team at NMHL can help you navigate the property tax landscape and ensure you're prepared for the costs associated with homeownership.
Get a clear understanding of property taxes in Chattanooga. Contact NMHL for personalized guidance.
Frequently Asked Questions
The average effective property tax rate in Chattanooga is 0.68%. This means that on a $295,000 home, the annual property tax bill would be approximately $2,006. While this is relatively low compared to other parts of the country, it's still essential to factor property taxes into your overall homeownership costs.
Chattanooga is served by the Hamilton County Schools district, which includes several highly-rated schools. Homes in areas with top-performing schools tend to command higher prices and appreciate faster. For example, homes in the Signal Mountain area are often priced higher due to their proximity to highly-rated schools like Signal Mountain Elementary.
Tennessee offers several first-time homebuyer programs, including the Tennessee Housing Development Agency (THDA) Great Choice Home Loan Program. This program provides eligible borrowers with up to $7,500 in down payment assistance and competitive interest rates. NMHL is an approved lender for THDA programs and can help guide you through the application process.
Yes, NMHL offers mortgage programs for borrowers with less-than-perfect credit. While traditional lenders may require a minimum credit score of 620 or higher, NMHL can consider applicants with credit scores as low as 580 in certain cases. Our team will work with you to identify the best mortgage options for your situation and help you navigate the pre-approval process.
NMHL offers several down payment assistance programs, including the NMHL Advantage program, which provides up to 3.5% down payment assistance for eligible borrowers. Additionally, the Tennessee Down Payment Assistance Program offers up to 4% down payment assistance for qualified homebuyers. Our team can help you determine which program is best for your needs.
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Ready to Buy in Chattanooga?
Let NMHL help you navigate the Chattanooga housing market with expert guidance and competitive rates.