Buying a house is a huge long-term financial commitment. You’re in charge of paying a mortgage for many years, so it makes sense to want to find the best lender possible. To narrow down your choices from the thousands out there, you’ll want to do some basic research.
First, you’ll want to think about the different factors that affect your mortgage. For instance, it’s probably in your best interest to work with a lender that is known for having great customer service. This means they’re easy to work with, are ready and able to answer all of your questions, and genuinely care about each of their clients. These might seem insignificant, but buying a home is a big deal and you want a solid team of people supporting you.
You’ll also want to work with a lender who is transparent about their pre-approval and pre-qualification process. There should be no surprises when it comes to the application process, running your credit, and checking your financial history.
Also, your interest rate is going to have a huge impact on your mortgage experience. You should shop around and see who can offer you the best rate.
To help narrow down your search to find a lender that fits all your needs, we’ve gathered the five best mortgage companies in Chattanooga, Tennessee.
HomeRate Mortgage of Chattanooga prides themselves in saving local homeowners money. Their mortgage professionals will work with you one-on-one to ensure that you get a financial solution that is tailored specifically to meet your home financing needs. Whether you are purchasing your dream home or refinancing a current loan, their team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are.
At HomeRate Mortgage, they specialize in conventional loans, FHA loans, jumbo loans, VA loans, and USDA loans. They also offer programs for potential buyers that can’t afford the traditional 20% down payment on a house.
Atlantic Home Loans
Atlantic Home Loans has been providing successful, personal mortgage experiences since 1999. They have also been ranked in the top 100 mortgage companies in the country. Most of their business comes from word of mouth due to their 98% success rate.
Many of their satisfied customers praise Atlantic Home Loans for their trustworthiness and straight forward communication. With them, you don’t have to worry about being considered just another number. And in order to serve a variety of clients, they offer nine different loan programs ranging from hybrid adjustable rate mortgage to the USDA Rural Home Loan.
New American Funding
New American Funding is a team of seasoned mortgage professionals that hopes to earn the privilege of being your go-to resource for any home financing need. From qualification to closing, they’re there to educate, simplify, and offer their expertise as a guide. Whether you’re a first-time homebuyer or looking at an investment property, they promise to provide exceptional service for your mortgage that will leave you bragging about them to your friends.
They offer many typical home loans like conventional home loans as well as VA home loans. But they also provide their conforming home loan which is for buyers who have a 20% down payment, would like to avoid paying mortgage insurance premiums, and are looking to purchase or refinance a primary home, second home, or investment property. If you are in need of any down payment assistance, their team offers that as well.
Highlands Mortgage is a local mortgage lender in Chattanooga that was created in 2010 in the midst of rapid change in the mortgage industry. They are a group of like-minded seasoned veterans that came together to create a company with an employee-focused culture. They have the vision to be the world’s most respected mortgage brand and plan to do this by continuing to provide unmatched service to their customers.
At Highlands Mortgage they do things a little differently. Instead of simply listing out your mortgage options, they go through your personal financial and life situation to determine what works best for you. They believe there should be no cookie-cutter method for applying and obtaining a mortgage. Highlands Mortgage also offers a free home buyer guide for those looking for extra guidance during this process.
Prime Lending is a local lender in the Chattanooga area. They’re a small team of professionals who dedicate their time to helping buyers find the right mortgage. When you’re ready to buy, refinance, or renovate, PrimeLending is the proven lender you can trust to help you achieve your homeownership goals.
They have more options to fit your financial needs, more experience to help you make confident decisions, and a streamlined process to fit your timeline. In order to make it quicker for you, many steps can be completed online. Your needs are their number one priority, and with PrimeLending by your side, they’ll guide you every step of the way to your perfect home loan.
When you’re ready to buy, refinance or renovate, PrimeLending is the proven lender you can trust to help you achieve your homeownership goals.
Buying a house is a long process and can be intimidating for new and experienced buyers. One way to make it go smoother is to work with a real estate agent. By partnering with Clever, you get matched with an experienced, local Partner Agent who can guide you every step of the way, as well as finding a home that is within your budget.