Compare Today’s Mortgage Rates for Chattanooga, Tennessee
Pureloan searches mortgage lenders and major banks in Chattanooga, Tennessee 37450 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $5,845 or $16 / month is expected in Chattanooga and other areas of Hamilton county.
Pureloan’s search engine explores all home mortgage options in Chattanooga, Tennessee 37450, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Chattanooga, Tennessee 37450
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Chattanooga, TN 37450, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Chattanooga, Tennessee 37450 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Chattanooga, Tennessee and around Hamilton county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 87.86% | 82.71% | 83.09% | 83.95% | 86.81% | 85.92% | 88.43% | 87.80% |
| avg mortgage rate | 4.89% | 4.62% | 3.87% | 3.95% | 4.42% | 4.07% | 3.91% | 4.12% |
| % 15 year fixed mortgage | 9.42% | 13.37% | 13.54% | 13.15% | 10.95% | 10.99% | 8.91% | 9.31% |
| avg mortgage rate | 4.25% | 3.87% | 3.18% | 3.15% | 3.47% | 3.28% | 3.15% | 3.25% |
| Avg credit score | 762.28 | 766.18 | 762.44 | 758.28 | 754.81 | 754.93 | 751.50 | 752.54 |
| Avg LTV (loan to value) | 74.40% | 75.76% | 78.92% | 79.03% | 80.39% | 79.22% | 80.22% | 79.27% |
| Avg DTI (debt to income) | 32.28 | 31.65 | 31.70 | 32.10 | 32.66 | 32.76 | 33.55 | 33.84 |
| % First time homebuyer | 24.72% | 25.06% | 23.93% | 27.44% | 28.02% | 27.51% | 25.06% | 25.23% |
| Avg mortgage insurance % | 3.34% | 5.22% | 7.95% | 8.93% | 10.51% | 9.65% | 11.07% | 10.36% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Chattanooga, Tennessee 37450
If you’re looking to buy a new home in Chattanooga, we have compiled a list of the leading mortgage brokers around Chattanooga, Tennessee 37450 to help you with your search.
Heights Finance Corporation
5811 Lee Hwy
Chattanooga TN 37450
(423) 894-4010
http://heightsfinance.com
Wells Fargo Financial
5959 Shallowford Rd
Chattanooga TN 37450
(423) 892-6844
http://www.wellsfargofinancialbank.com
American Trust Mortgage
7010 Lee Hwy
Chattanooga TN 37450
(423) 698-1890
http://www.mymtg.net
TJC Mortgage
7506 E Brainerd Rd
Chattanooga TN 37450
(423) 805-9100
http://www.8059100.com
Caliber Home Loans - Brian Kniegge
6116 Shallowford Rd
Chattanooga TN 37450
(423) 825-9739
http://chattanoogamortgageagents.com
Address
5811 Lee Hwy
Chattanooga TN
Contact
(423) 894-4010
http://heightsfinance.com
Address
5959 Shallowford Rd
Chattanooga TN
Contact
(423) 892-6844
http://www.wellsfargofinancialbank.com
Address
7010 Lee Hwy
Chattanooga TN
Contact
(423) 698-1890
http://www.mymtg.net