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2024

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Best Mortgage Refinance Companies in Chattanooga, TN

Our Recommended Top 9

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Chattanooga Mortgage Refinance Companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

98Reviewed

62Curated

9Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

6576 East Brainerd Rd Suite B, Chattanooga, TN 37421
WebsiteLicense: 196744

Expertise.com Rating

Review Sources

Google
4.8 (26)
Facebook
5.0 (9)

Why choose this provider?

Mortgage South has been helping homeowners in Chattanooga improve their financial status through various refinancing loans since 1993. President Nathan Guerrero is a reverse mortgage specialist who has been assisting homeowners since 2005. He specializes in helping homeowners who reach 62 years old and want to turn the equity they have built in their homes into cash through reverse mortgages. Guerrero also assists homeowners who want to pay off high-interest rate credit cards, health care, or fund home improvements or a major purchase.

  • New Construction
  • Reverse Mortgages

6650 East Brainerd Rd., Chattanooga, TN 37421
WebsiteLicense: 1755933

Expertise.com Rating

Why choose this provider?

Peoples Home Equity serves clients in Chattanooga who have various refinancing and mortgage needs. The team has government-backed products that are fit for military veterans, active-service personnel, reservists, and their families. Refinancing is an option to take advantage of less burdensome rates and terms. These solutions include FHA, jumbo, and USDA programs. Mortgage advisor and director of sales Bruce Dodd is a 30-year veteran of the lending sector and has been an underwriter and originator.

  • New Construction
  • Reverse Mortgages

555 Broad St., Cleveland, TN 37311
WebsiteLicense: 363978

Expertise.com Rating

Review Sources

Facebook
4.5 (8)

Why choose this provider?

iDirect Home Loans is a multi-state residential mortgage brokerage offering refinancing services in Chattanooga. It creates refinancing strategies to help mortgage borrowers obtain lower interest rates, minimal closing costs, and maximized equity cash-outs. Its refinancing professionals assist various client types, including second-mortgage/HELOC holders, first-time refinancers, and those planning to switch loan programs. iDirect Home Loans was founded in 2004 and is approved by the HUD and holds DE authority from the FHA. Additionally, it serves Alabama and Georgia.

948 Blue Gill Rd, Cohutta, GA 30710
WebsiteLicense: 2115277

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

LoveMyMortgage Broker works with investors and families in and around Chattanooga. It provides refinancing solutions to address the real estate needs of families and individuals who want to achieve their dream homes. The agency helps borrowers develop strategies on how they can change mortgage terms and lower interest rates and monthly payments. It also assists clients in filing refinance analysis requests. LoveMyMortgage Broker offers USDA, FHA, conforming, fixed- and adjustable-rate, and jumbo and super jumbo loans.

  • New Construction

6111 Shallowford Road, Suite 105, Chattanooga, TN 37421
WebsiteLicense: 149532

Expertise.com Rating

Review Sources

Google
4.9 (116)

Why choose this provider?

Platinum Financial Funding is a residential mortgage lender that was founded in 2008. It serves homebuyers in Chattanooga and the neighboring towns. The company's loan officers provide a variety of choices to assist customers in locating the loan product that best satisfies their requirements. Options include FHA, USDA, VA, down-payment assistance programs, and conventional loans, both fixed and adjustable in interest rate. Platinum Financial Funding is a retail lending division of Member First Mortgage, LLC.

  • New Construction

1208 Pointe Centre Drive, Suite 209,210,211,212, Chattanooga, TN 37421
WebsiteLicense: 1243660

Expertise.com Rating

Review Sources

Facebook
5.0 (24)
Google
5.0 (9)

Why choose this provider?

Nathaniel Hubbard, a mortgage banker and the branch manager for LeaderOne Financial Corporation, offers home refinancing loans to clients in and around Chattanooga. He helps individuals who want to save on monthly payments when the mortgage rate drops and those who want to cash out their equity for home improvement projects. Hubbard works on both conventional and jumbo mortgage programs. Along with more than 600 other employees, he works for LeaderOne Financial Corporation, which was founded in 1992.

  • New Construction

6085 Arbury Way Ste. 201, Ooltewah, TN 37363
WebsiteLicense: 1139177

Expertise.com Rating

Review Sources

Facebook
5.0 (8)
Google
5.0 (2)

Why choose this provider?

SW Home Loans serves the Chattanooga community and the neighboring areas. The firm's team, led by mortgage loan officer Shelly Winston, helps homeowners looking to refinance their homes. It assists clients in understanding and navigating the FHA Streamline Refinance and VA Streamline Refinance loan programs, which allow them to lower their interest rates and shorten their loan terms. SW Home Loans also aids homeowners with their Interest Rate Reduction Refinance Loans needs. Winston has been in the industry for more than a decade.

1200 Premier Drive, Suite 140, Chattanooga, TN 37421
WebsiteLicense: 546267

Expertise.com Rating

Review Sources

Facebook
5.0 (9)
Google
5.0 (2)

Why choose this provider?

Patty Becknell is a PrimeLending loan originator serving the refinancing goals of homeowners in the Chattanooga metro. She and her team cater to mortgage borrowers with various refinancing needs such as interest rate reduction, loan term change, and cash out. Additionally, they help clients choose from refinancing options like fixed-rate mortgages, ARMs, and USDA, VA, or FHA loans. Becknell has been providing mortgage services for over 30 years. She has been a Scotsman Guide top producer since 2015.

Chattanooga, TN
WebsiteLicense: 157772

Expertise.com Rating

Why choose this provider?

Eric Bradshaw works with individuals, families, homeowners, and real estate agents throughout the Chattanooga metro. Eric assists homeowners in the community in obtaining lower interest rates and more manageable monthly repayments by refinancing their existing mortgages. Through refinancing, he helps clients acquire cash for their urgent needs or pay off their loans sooner. He also aids first-time homebuyers and those who want to purchase their second property. Eric has closed and completed more than 587 mortgages.

  • Reverse Mortgages

Compare our Top Mortgage Refinance Companies

NameExpertise RatingAddressPromotionsLearn more
Mortgage South
6576 East Brainerd Rd Suite B, Chattanooga, TN 37421
Peoples Home Equity
6650 East Brainerd Rd., Chattanooga, TN 37421
iDirect Home Loans
555 Broad St., Cleveland, TN 37311
LoveMyMortgage Broker
948 Blue Gill Rd, Cohutta, GA 30710
Platinum Financial Funding
6111 Shallowford Road, Suite 105, Chattanooga, TN 37421
Nathaniel Hubbard
1208 Pointe Centre Drive, Suite 209,210,211,212, Chattanooga, TN 37421
SW Home Loans
6085 Arbury Way Ste. 201, Ooltewah, TN 37363
Patty Becknell
1200 Premier Drive, Suite 140, Chattanooga, TN 37421
Eric Bradshaw

FAQs

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.
  • Should “Great Choice Plus” borrowers in Chattanooga refinance their homes?

    Those in Chattanooga who bought their homes through the Tennessee Housing Development Agency’s “Great Choice Plus” program are advised not to refinance for at least 30 years, or else they will have to repay the whole loan. However, this is only applicable to borrowers who took out a Great Choice Plus deferred loan rather than an amortizing loan.

  • Can first-time homebuyer program borrowers in Chattanooga take out a cash-out refinance?

    While those in Chattanooga who bought their homes through the Chattanooga Neighborhood Enterprise’s first-time homebuyer grant and loan program may take out a cash-out refinance, their loan will be due and payable in full once they do. The program offers a one-time grant of up to $10,000 in closing cost assistance and a loan of up to $50,000 to local households earning less than 80% of the average median income.

  • How high are the average mortgage rates in Chattanooga?

    Average mortgage rates in Chattanooga and the rest of the state have been trending downwards since 2018 for 30-year fixed, 15-year fixed, 7/1 adjustable, and 5/1 adjustable mortgages. In addition, home values have increased by 18.8% since 2022, with the average home value in Tennessee being $311,721.

  • What are the fees associated with Chattanooga mortgage refinancing?

    Homeowners in Chattanooga who wish to refinance their mortgages will have to pay for the costs of the application, loan origination, appraisal, survey, title search and insurance, and attorney. They may also have to pay property taxes and prepayment penalties. In 2021, the average closing cost in Tennessee was $2,436 with taxes and $2,152 without.

  • How can Chattanooga refinancers save on closing costs?

    One way in which refinancers in Chattanooga can save on closing costs is by negotiating application and origination fees with their lender. They are also allowed to shop around for certain closing costs, such as the title search fee. While a no-closing-cost refinance may be attractive, it is worth noting that lenders fold these costs into the loan's principal or its interest rates.

  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.