3 Best Mortgage Lenders in Chattanooga, TN

Chase Bank is a division of JPMorgan Chase, a financial services conglomerate. The mortgage application process at Chase can be started in person or online, and there’s a powerful mobile app for monitoring and managing customer accounts.

Existing Chase customers have a good chance of qualifying for a lower interest rate on their mortgage.

• Pre-Approval Speed: Undisclosed
• Credit Score:620
• Interest Rate: Same as National Average (7%)
• Days to Close: 35-45 days
• Types of Loans:
  • • Conventional mortgages
    • Jumbo
    • FHA mortgages
    • VA mortgages

What You Need to Know about Applying for a Mortgage from Chase.com –

• How to apply: To apply for a Chase mortgage, you can fill out an application in person at a local branch or you can complete a digital application. According to Chase, nearly 75% of its mortgage applications in 2021 were submitted online.

Chase Bank has 4.5 out of 5 stars on Consumer Affairs.

Nationwide Coverage: Chase mortgages are available in all 50 states.

Rocket Mortgage is an online mortgage lender and is quite popular for refinances. In 2021, Rocket Mortgage achieved $1 billion in annual closed loan volume and became the biggest mortgage lender in the U.S.

• Pre-Approval Speed: 8 minutes
• Credit Scores against Loan Types:
  • 580 – FHA, VA
  • 620 – Conventional
  • 680 – Jumbo
• Interest Rate: Same as National Average (7%)
• Days to Close: 47 days
• Types of Loans:
  • Offers fixed- and adjustable-rate conventional and jumbo loans, FHA loans
    
  • Doesn’t offer USDA, home equity, HELOCs, land loans, or loans to purchase foreclosures

What You Need to Know about Applying for a Mortgage from Rocketmortgage.com –

• How to apply: Online via rocketmortgage.com website or in-person at one of the 4 branch offices in Charlotte, Cleveland, Detroit and Phoenix.

Rocket Mortgage has 4 out of 5 stars on Consumer Affairs.

Nationwide Coverage: Rocketmortgage.com is available in 50 states.

Bank of America is the biggest national bank and has processed over thousands of home mortgages.

• Pre-Approval Speed: 20 minutes
• Credit Score: 620
• Interest Rate: Lower than National Average (7%)
• Days to Close: 30 to 45 days
• Types of Loans:
  • Offers fixed- and adjustable-rate conventional and jumbo loans, FHA loans
    
  • Doesn’t offer USDA loans

What You Need to Know about Getting a Mortgage from Bank of America

• How to apply: online via bankofamerica.com

Bank of America Mortgage has 4 out of 5 stars on Consumer Affairs.

Near-Nationwide Coverage: Bank of America processes mortgages in 42 states.