Richard's Real Estate Thoughts - Fairway Independent Mortgage Corporation NMLS #2289: September 2016

USDA Rural Development Loans: Chattanooga and Hamilton County

USDA Rural Development loans provide eligible borrowers with a 100% loan to value (no down payment) mortgage to finance their home purchase. USDA can be one of the most attractive financing options. Two basic eligibility requirements must be met, in addition to basic mortgage credit and income requirements.

First the borrower’s household income must be below maximum limits. For 2016, in Hamilton County and surrounding counties in TN and GA, the income limit for a household of 4 persons or fewer is $75,650. For Hamilton and surrounding TN and GA counties, the income limit increases to $99,850 for a household of 5 or more persons.

Second the property must be in an eligible area. Chattanooga proper is not eligible because the USDA Rural Development program targets moderate housing in areas classified as rural. Several areas in Hamilton County though are eligible. The basic boundaries in Hamilton are along Thrasher Pike, Hunter Road, and Ooltewah-Ringgold Rd. The eligible areas include much of Soddy Daisy, Ooltewah, and Apison.

If you have questions about USDA Rural Development 100% financing, please contact me.

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Richard Byron Smith
Mortgage Loan Officer
NMLS# 184479 TN# 104002 Georgia Residential Mortgage Licensee, GA#28928
Conventional, FHA, FHA 203k, HUD $100 down purchases, VA,
Rural Development (USDA), THDA and Jumbo Loans

Cell phone: 423-280-0345 Email:
Branch Contact: Fairway Independent Mortgage Corporation,
2115 Stein Dr, Suite 215, Chattanooga, TN  37421
Office Phone: 423-280-0345  Office Email:

Mortgage Loan Officer helping home buyers in Tennessee and Georgia for over 20 years.

Fairway Independent Morgage Corporation
NMLS #2289
Chattanooga, TN

Equal Housing LenderNMLS

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This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Fairway Independent Mortgage Corporation.

 Copyright ©2018 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. Georgia Residential Mortgage Licensee #28928. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.


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Comment balloon 0 commentsRichard Byron Smith, NMLS #184479 • September 27 2016 09:09AM
USDA Rural Development Loans: Chattanooga and Hamilton County
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