It’s Chattanooga, y’all.
A local mortgage team on West Kent Street is helping buyers across Chattanooga, Hamilton County, and North Georgia figure out what they can actually afford, and the steps to take together to get them there.
We’re local to Chatt, so we know how to help you find a home that fits. From Harrison to Hixson, we have a team member that is familiar with the area and can answer even the most specific questions, like...
“What are the schools like in Soddy-Daisy?”
”Which side of the ridge-cut has less traffic during rush hour?”
or
Only local lenders can answer questions like these and truly: it’s our specialty. So much so, that we’ve developed this local guide just for you, future Chattanooga homeowner. So sit back, relax, and get ready to learn all about the city you’re about to call home.
What you can expect to learn:
Chattanooga actually has multiple downpayment assistance programs and, depending on what side of the state line you end up buying on, you could be eligible to stack multiple programs for the most help.
Our fair city actually sits on prime tri-state area. No matter if your question is about Tennessee, North Carolina, or Georgia real estate, we’ve got you covered because we’re licensed for all three. Yes, really-really.
The Petree Home Loan team is local to the Chattanooga and Tennessee area, which is what makes buying your home with us preferable to a random, online seller. If you have any questions about what your day to day life will be like once you take the leap and make the move (especially if you’re out of state) this is the team you want on your side.
Down payment assistance for Chattanooga buyers
Chattanooga buyers have access to more help with upfront costs than most people realize, and some of these programs can be combined:
City of Chattanooga DPA
A 0% interest deferred loan with no monthly payments — repaid only when you sell or refinance with cash out. May be combinable with THDA assistance.
Requires first-time buyer status, income under the program limit, a home inside city limits, and a homebuyer education course.
THDA Great Choice
Tennessee's statewide first-time buyer program, with a Great Choice Plus down payment assistance component.
THDA also runs Homeownership for Heroes, a rate reduction for active military, veterans, K–12 teachers, firefighters, EMTs, and law enforcement.
Georgia Dream
Buying in Catoosa, Walker, Dade or Whitfield County? Georgia runs its own first-time buyer program with down payment assistance, just a couple minutes over the state line.
Includes an enhanced tier for protectors, educators and nurses.
Program amounts, income limits and price caps are set by the administering agencies and change annually. We'll check current figures against your actual numbers rather than guessing.
Areas we serve around Chattanooga:
Hamilton County in Tennessee (city and rural)
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the fastest-growing corridor in north Hamilton County.
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heaviest new-construction activity in the county.
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active development and new builds.
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higher price points, often jumbo loans.
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adjacent to the city; check city limits before buying.
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city outskirts and county outskirts; possibly USDA-eligible.
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Bradley County; rural areas often USDA-eligible.
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rural farm and wooded areas; very likely USDA-eligible.
North Georgia, just over the state line
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Catoosa County, GA.
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Walker County, GA.
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Dade County, GA.
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Whitfield County, GA.
Georgia purchases may qualify for Georgia Dream. We hold a Georgia license, which not every Tennessee loan officer does.
The people you'll actually be working with.
You won't be handed off to a call center. Corey has been lending in Chattanooga for 19 years, and the team works out of the same West Kent Street office.
Here, you get to work with Corey, Katie, Vivian, or Hannah. There is no mysterious 3rd party calling the shots or asking you to gather documents that no human eyes will ever see. There IS Corey’s alter ego/online persona…but if you want to know more about him you’re just going to have to ask.