From opening a savings account to buying a new home, banking is personal.
Whether you’re a long-time resident of the Chattanooga area or you have recently relocated and have a new home on your list of goals for the new year, you deserve a banking experience that’s easy and personalized. Mortgage banker Gabe Whitmer and his team deliver the right type of support for your financial and lifestyle goals.
- Chattanooga Mortgage Banker of the Year
- #1 Top Producer for FirstBank Mortgage in 2022
- Served 583 families & individuals in 2022, including 181 first-time home buyers
What can you expect from FirstBank?
Getting a mortgage is simple in theory — complete a home loan application, submit supporting documentation, and then wait for an approval. Sounds easy enough, right? However, mortgage loans aren’t created equal, so a program that works for one borrower might not work for another.
Whether you’re a first-time home buyer, a repeat buyer, or you’re refinancing an existing loan, our Chattanooga team will work closely with you to find the mortgage that best suits your situation. Common loan options include:
- FHA loans
- VA loans
- Conventional loans
- Jumbo loans
- USDA loans
Are you thinking about a custom new home?
FirstBank also has new construction loans and land loans to cover costs associated with building a home from start to finish. You can also take advantage of non-traditional loans, as well as a seller concession that temporarily lowers your mortgage rate.
For example, you might qualify for a purchase home equity line of credit (HELOC). A HELOC is a revolving line of credit (secured by your home) that you borrow from on an as-needed basis. These are typically second liens or second mortgages. But in the case of a purchase-HELOC, the line of credit is in first position. This can occur when a borrower uses a HELOC to pay off their first mortgage.
A purchase-HELOC offers spending flexibility and may be a great option if you plan to purchase a home with a significant down payment. If the HELOC has a lower rate than your first mortgage, you may also save money on interest in the long-term.
In addition, ask our loan experts about seller-paid buydowns. Higher mortgage rates make it more expensive to purchase a home. Buydowns, however, reduce a borrower’s mortgage rate for the first couple of years, resulting in smaller initial payments.
But while FirstBank is eager to be your mortgage lender of choice, we offer other services too:
- Personal checking
- Personal savings
- Personal lending
- 24/7 telephone banking
- Mobile banking
- Business banking
FirstBank’s private banking and relationship managers, Sherry Babin and Debbie Scott, provide concierge-like banking services to customers. These skilled professionals can design a strategy to meet your short and long-term needs — whether you’re seeking basic financial planning, wealth management, estate planning, tax planning, etc.
Every customer is different, so the products and services they need often depend on their goals and financial stage. Whatever season you’re at in life, the FirstBank team in Chattanooga can offer the “whole package” and serve all your banking needs.
Contact First Bank today to discuss your needs and goals.
Categorised in: Local Lenders
This post was written by Sydnee Cearlock