Mortgage Rate & Payment Options in Chattanooga, TN

Fixed-Rate Mortgage Options

Consistency and Predictability for the Long Term

A fixed-rate mortgage is the most traditional and reliable loan structure for homebuyers who prefer consistent payments over the life of their loan. With a fixed interest rate, monthly principal and interest payments remain steady, even as market conditions change.



This option is ideal for buyers planning to stay in their homes for many years or who value the peace of mind that comes with stable, predictable payments.

Home Loans With Shelly offers a range of fixed-rate terms, including popular 15-year, 20-year, and 30-year mortgages. Each program is carefully matched to the borrower’s financial goals, ensuring that long-term affordability and overall equity growth remain in focus.

Adjustable-Rate Mortgages (ARMs)

Flexible Terms for Changing Financial Plans

An Adjustable-Rate Mortgage (ARM) offers lower initial interest rates compared to fixed-rate loans, making it a strong choice for buyers planning to relocate, refinance, or upgrade in a few years.



ARMs begin with a fixed interest rate for an initial period — typically 3, 5, 7, or 10 years — before adjusting periodically based on market conditions. These loans can provide meaningful savings during the early years of homeownership, which many buyers use to build savings or invest elsewhere.

With Home Loans With Shelly, borrowers receive detailed guidance on how rate adjustments work, including caps, timelines, and what to expect when the fixed period ends. By understanding these details upfront, clients can take advantage of early savings without surprises later.

Temporary Buydown Programs

Lower Payments During the First Years of Homeownership

For borrowers looking to ease into their mortgage payments, temporary buydown programs are an excellent solution. These programs allow buyers or sellers to pay upfront points that temporarily reduce the interest rate for the first one to three years of the loan.

For example, a 2-1 Buydown structure lowers the rate by 2% in the first year and 1% in the second year before it adjusts to the permanent rate in year three. This approach provides lower initial payments during the transition into homeownership — particularly helpful for first-time buyers or those adjusting to new financial commitments.



Shelly works closely with borrowers to calculate the savings and structure the buydown in a way that complements their budget, long-term plans, and comfort level.

Matching the Right Loan to Your Financial Goals

Personalized Rate and Term Selection

Choosing between a fixed rate, ARM, or temporary buydown isn’t just about numbers — it’s about aligning your mortgage with your lifestyle and financial future.



At Home Loans With Shelly, every borrower receives one-on-one guidance to evaluate how loan structure, term length, and interest rate will impact monthly payments, total interest over time, and future refinancing potential.

Shelly also helps clients compare options side by side, showing exactly how different rate structures influence affordability over time. This consultative approach ensures each buyer makes a confident and informed decision.