The next step is hunting down the best mortgage for that Chattanooga home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Chattanooga lenders that will compete to provide a loan at the lowest rate, matching you with nearly 23 Chattanooga mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Chattanooga mortgage payment was $929 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Chattanooga home.

Chattanooga is a major city in Tennessee with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Synovus Mortgage Corp, Suntrust Bank, New South Federal Savings Bank, Countrywide Home Loans Inc, First Horizon Home Loan Corporation.Suntrust Mortgage Inc.Metrocities Mortgage llc.National Bank Of Commerce.Acceptance Capital Mortgage Corporation.Amsouth Bank.

Chattanooga Mortgage & Real Estate Market

In 2006 Chattanooga housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Chattanooga was $109,400. This number is big in comparison to the median home value back in 2000 of $83,500. Chattanooga has a solid home ownership base with 73,200 houses and apartments and 48% of those are occupied by their owners. Despite the current market, historically Chattanooga has been a city where people move, buy and stay - with 48% of homeowners currently paying off a mortgage. About 14% of the city's current homeowners are carrying a second mortgage or home equity loan.

First Mortgage Corporation
601 N.Congress Ave Delray Beach, FL	Phone: 561-767-4854 Ask for: Bamberger Mary Anne
Special Mortgage Programs
Call Mary Anne Bamberger at 561-767-4854 or Apply On-Line Today!!

Housing	Chattanooga, TN	United States
Median Home Cost	$121,700	$217,200
Homes Rented	40.70%	21.45%
Homes Owned	50.17%	64.07%
Home Appreciation	4.90%	9.80%

Location	Population	Median Family Income (2005)
Bartlett	40,543	$66,369
Bristol	24,821	$30,039
Chattanooga	155,554	$32,006
Clarksville	103,455	$37,548
Cleveland	37,192	$30,098
Collierville	31,872	$80,575

Category	Value
Home Equity Loan Only	5%
Homes With No Mortgage	38%
First Mortgage Only	48%
2nd Mortgage or Home Equity	14%
Second Mortgage Only	9%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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