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Mortgage Loans Chattanooga Tennessee Greg Petree (Branch Manager) Kathy Cotsakis (Senior Loan Officer) Deeanna Jeffreys (Loan Officer)

 

No Money Down Home Loans

VA mortgage loan is a home loan available to veterans, ex-servicemen and women as well as those on active duty, on which the lender is insured against loss by the Veterans Administration. A VA mortgage loan has the option for 100% financing, or zero down payment. They also offer a lower mortgage insurance rate than other loan products you will find in and around Chattanooga.

VA Home Loan

VA mortgage home loans are a benefit for military service. They help Service members, Veterans, and eligible surviving spouses become homeowners. VA home loans are provided by private lenders like Integrity Mortgage Group. VA guarantees a portion of the loan which enables the lender to provide better terms for Chattanooga area applicants.

USDA Rural Development

With the USDA Rural Development option, you can borrow 100% of the appraised value. This means you don’t need to come up with the down payment. In fact, you can actually borrow 2% more than the appraised value, and use the extra to make some light repairs or home improvements. The main requirement for a USDA Rural Development mortgage is that the property must fall within certain geographical areas, outside the city limits of major metropolitan centers.

VA Mortgage Loan Requirements

For more information on VA Mortgage or USDA Rural Development loans, contact your Chattanooga Loan Simple office at 423-490-0086 or just complete our online application.

HomePath Mortgage

HomePath Mortgage allows a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender-requested appraisal and no mortgage insurance. Expanded seller contributions to closing costs are allowed. read more

FHA Loans vs Conventional Loans

Here we will sum up the two most common loan types out there: conventional loans and FHA loans. Let’s get right to it! read more

USDA Rural Development Mortgage

With the USDA Rural Development option, you can borrow 100% of the appraised value. This means you don’t need to come up with the down payment. In fact, you can actually borrow 2% more than the appraised value, and use the extra to make some light repairs or home improvements. The main requirement for a USDA Rural Development mortgage is that the property must fall within certain geographical areas, outside the city limits of major metropolitan centers. read more

FHA Renovation Loan

What is an FHA 203k?

An FHA 203k loan is one of the more popular and easier to qualify renovation loans on the market right now. It is a loan backed by the federal government and intended to allow people to purchase and renovate a home with one loan. This is how it works: read more

HomePath Renovation Mortgage

Homepath Renovation Mortgage is a mortgage product that allows the borrower to make light to moderate repairs on a Fannie Mae-owned property and roll the costs of the renovations into the mortgage. read more

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A reverse mortgage is a special loan for senior citizens that allows them to convert a portion of their home equity into cash. Unlike a traditional mortgage or home equity line, borrowers are not required to make a house payment after borrowing the money as long as they use the home as their primary residence. A Reverse Mortgage can also be used for the purchase of a new home! Ask one of our loan officers for details on that. read more

Loan Simple
NMLS# 3032
8052 Standifer Gap, Suite A, Chattanooga, TN 37421
Branch NMLS# 386455

Equal Housing Lender

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