Mortgage Services

What We Offer

Conventional Loans

This loan may be an ideal choice if you have strong credit and the ability to make a sizable down payment — though it’s not always required, a larger down payment can help you avoid private mortgage insurance.

  • 3% minimum down payment

  • Credit-based approved

  • Flexible terms

  • Ability To avoid PMI (Private Mortgage Insurance)

FHA Loans

An FHA loan is a government-backed mortgage that offers flexible qualification requirements and low down payments and other benefits, making homeownership more accessible.

  • As low as 3.5% down payment

  • Easier credit requirements

  • Government backed

  • PMI (Private Mortgage Insurance) required

VA Loans

A VA loan is a government-backed mortgage for Veterans, Active-Duty Military, and eligible service members, offering favorable terms like no down payment. It can be reused for future home purchases, and eligibility doesn’t require being a first-time buyer.

  • As little as 0% down payment

  • Exclusive for veterans and active-duty military

  • Favorable terms like lower interest rates and smaller closing costs

USDA Loans

A USDA loan is a government-backed mortgage designed to help low- to moderate-income buyers purchase homes in eligible rural and suburban areas. These loans often require no down payment and offer competitive interest rates.

  • 0% down payment

  • Income limits apply

  • Focused on rural and suburban area

  • Competitive interest rates

  • PMI (Private Mortgage Insurance) required

Jumbo Loans

A jumbo loan could be ideal if you’re looking to buy a luxury or high-priced home. It allows financing up to $10 million for a primary residence, second home, or investment property, bringing even the most ambitious homeownership goals within reach.

  • As little as 10% down payment WITHOUT PMI (Private Mortgage Insurnace)

  • Designed for high loan amounts

  • Terms ranging from 10-30 years

  • Available for primary, second homes, and investment properties

Refinances

A mortgage refinance replaces your current home loan with a new one, often to get a better interest rate or loan terms. It can help lower monthly payments, shorten the loan term, or access home equity.

  • Helps you get a lower interest rate (if times correctly)

  • Ability to change loan terms

  • Tap into your home's equity

    • Cash out refinance

  • Consolidate debt

Home Equity Loans

If you’re looking to leverage your home’s equity, we offer HELOC and home equity loan options to fund renovations, pay off debt, and more.

  • Access your home's equity

  • Typically lower rates than credit cards or personal loans

  • Only pay interest on the amount you use, not have access to

  • Customizable borrowing amount (up to your homes equity)

Down Payment Assistance Programs

What is a Down Payment Assistance (DPA) Program?

Skip years of saving and get into your first home with little or no upfront cash. DPA programs make homeownership more affordable through grants or forgivable loans for eligible buyers.

How Do DPA Programs Work?

Offered by governments, nonprofits, and lenders, these programs help first-time buyers reduce the cost of a down payment and closing expenses.

Factors for Qualifying for Down Payment Assistance

  • First-time homebuyers (never owned a home or not in the past 3 years)

  • Meet income limits and location requirements

  • Complete homebuyer education

  • Commit to occupancy requirements for loan forgiveness

Who Is Considered a First-Time Homebuyer?

You qualify if you’ve never owned a home before or haven’t owned one in the past three years, and the home will be your primary residence.

Helpful Info

Open 24 Hours

(423) 708-4108

36 E Main St. #102 Chattanooga, TN 37408

The Byram Group is dedicated to helping you achieve your homeownership goals with personalized service and expert guidance.

For more information or assistance, reach out for a FREE consultation!

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