Chattanooga FHA Loan Rates, Closing Costs & Stats

CHATTANOOGA, TN-GA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Chattanooga's 150 lenders originated 1,995 FHA loans during 2024. The total origination value was $540,845,000, with an average FHA loan value of $271,100.

    Chattanooga FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Chattanooga averaged 6.81% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Chattanooga's average FHA mortgage closing costs are $8,104.

    The average rate for the prior week (2025-05-16) was 6.54% and one month ago for the week of 2025-04-18, the average rate was 6.47%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.45%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Chattanooga FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Chattanooga level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 204 6.29% $10,986
    UNION HOME MORTGAGE CORP. 106 6.46% $12,003
    MOVEMENT MORTGAGE, LLC 103 6.62% $11,001
    UNITED WHOLESALE MORTGAGE, LLC 97 5.99% $13,997
    CMG MORTGAGE, INC. 82 6.61% $11,361
    SUMMIT FUNDING, INC. 80 6.82% $12,656
    DHI MORTGAGE COMPANY, LTD. 77 5.41% $8,816
    MORTGAGE INVESTORS GROUP, INC. 63 6.24% $10,686
    LEADERONE FINANCIAL CORPORATION 55 6.57% $11,922
    FREEDOM MORTGAGE CORPORATION 52 6.47% $11,313
    FirstBank 49 6.24% $11,737
    BROKER SOLUTIONS, INC. 44 6.72% $12,614
    LOANDEPOT.COM, LLC 43 6.34% $11,048
    TJC Mortgage, Inc. 41 6.14% $12,012
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 37 6.69% $10,557
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 34 6.20% $9,059
    PENNYMAC LOAN SERVICES, LLC 32 6.04% $11,987
    ALAMEDA MORTGAGE CORPORATION 31 6.41% $10,707
    GUILD MORTGAGE COMPANY 25 6.83% $12,420
    GUARANTEED RATE, INC. 22 6.45% $12,171
    ISERVE RESIDENTIAL LENDING, LLC 16 6.75% $17,324
    COMMUNITY MORTGAGE CORPORATION 16 6.23% $10,285
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 16 6.59% $10,520
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 6.86% $11,128
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.51% $12,405
    FIRST COMMUNITY MORTGAGE, INC. 12 6.72% $12,354
    NEWREZ LLC 12 6.23% $11,731
    Regions Bank 12 6.69% $8,117
    CROSSCOUNTRY MORTGAGE, LLC 10 6.36% $11,204
    LAKEVIEW LOAN SERVICING, LLC 10 6.28% $10,023
    STOCKTON MORTGAGE CORPORATION 10 6.85% $12,200
    Mr. Cooper ( Nationstar Mortgage ) 9 6.49% $12,706
    VILLAGE CAPITAL MORTGAGE 9 6.72% $5,267
    Carrington Mortgage Services, LLC 9 6.03% $12,237
    SmartBank 9 6.25% $8,946
    NFM, INC. 9 7.11% $12,866
    MUTUAL OF OMAHA MORTGAGE, INC. 8 6.41% $19,007
    TruHome Solutions, LLC 8 6.45% $8,629
    Equity Prime Mortgage LLC 8 6.70% $10,576
    CANOPY MORTGAGE, LLC 8 6.56% $11,946
    ZILLOW HOME LOANS, LLC 7 6.25% $10,931
    BancorpSouth 7 6.41% $8,856
    Legends Bank 7 6.23% $9,777
    LOANPAL, LLC 7 5.50% $11,628
    RELIANCE FIRST CAPITAL, LLC 7 6.46% $14,233
    Truist 7 6.14% $9,978
    AMERISAVE MORTGAGE CORPORATION 6 6.35% $14,237
    PLANET HOME LENDING, LLC 6 6.10% $9,305
    Renasant Bank 6 6.46% $9,549
    United Community Bank 6 6.27% $10,774
    AmeriHome Mortgage Company, LLC 5 6.50% $6,495
    Flagstar Bank, FSB 5 5.97% $11,386
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.05% $20,654
    TOP FLITE FINANCIAL, INC. 5 7.03% $11,519
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.88% $11,339
    SUN WEST MORTGAGE COMPANY, INC. 4 5.91% $22,948
    Capital City Home Loans, LLC 4 6.88% $11,966
    Synovus Bank 4 6.19% $11,116
    CARDINAL FINANCIAL 4 6.47% $15,119
    AMERICAN FINANCIAL NETWORK, INC. 4 6.19% $13,283
    MID AMERICA MORTGAGE, INC. 4 6.72% $13,679
    MEMBER FIRST MORTGAGE, LLC 4 6.22% $9,910
    AMERICAN FINANCING CORPORATION 3 5.91% $13,981
    CHURCHILL MORTGAGE CORPORATION 3 6.71% $13,636
    GUARANTY MORTGAGE SERVICES, L.L.C. 3 6.75% $6,349
    SUCCESS MORTGAGE PARTNERS, INC. 3 6.58% $13,669
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.92% $9,287
    ROSS MORTGAGE CORPORATION 3 6.50% $12,870
    Mortgage Research Center, LLC 3 7.21% $5,479
    BAY EQUITY LLC 3 6.17% $11,521
    Nations Lending Corporation 3 6.92% $6,814
    The Loan Store, Inc. 3 6.04% $8,908
    ENDEAVOR CAPITAL, LLC. 3 6.21% $10,351
    Cornerstone First Mortgage, Inc 3 6.42% $15,151
    Ixonia Bank 3 6.46% $11,903
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $11,700
    First Horizon Bank 2 6.44% $10,045
    Franklin Loan Corporation 2 5.94% $16,490
    GMFS LLC 2 6.44% $8,600
    DAS Acquisition Company, LLC 2 6.88% $15,274
    HOMESIDE FINANCIAL, LLC 2 6.49% $13,967
    Independent Bank 2 6.44% $9,106
    INTELLILOAN, INC. 2 6.00% $6,303
    LADERA LENDING, INC. 2 6.44% $14,536
    Century Mortgage Company DBA Century Lending Company 2 6.25% $12,269
    Loan Simple, Inc. 2 7.19% $16,191
    Magnolia Bank 2 6.75% $11,472
    MILEND, INC. 2 6.06% $13,144
    NATIONS DIRECT MORTGAGE, LLC 2 5.75% $20,156
    PENTAGON FEDERAL CREDIT UNION 2 6.13% $9,427
    POLARIS HOME FUNDING CORP. 2 6.56% $14,390
    Bank of England 2 6.19% $10,606
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.88% $12,117
    SWBC MORTGAGE CORPORATION 2 6.19% $3,539
    Texana Bank 2 6.31% $15,208
    The Federal Savings Bank 2 6.63% $17,775
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.50% $16,665
    ACOPIA, LLC 2 6.38% $15,887
    VAN DYK MORTGAGE CORPORATION 2 6.81% $12,790
    VERITAS FUNDING, LLC 2 5.88% $18,430
    First Citizens National Bank 2 6.00% $7,093
    Paramount Residential Mortgage Group, Inc. 1 5.75% $8,864
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.25% $16,338
    1ST SIGNATURE LENDING, LLC 1 6.13% $20,191
    CapStar Bank 1 6.88% $11,194
    PLAZA HOME MORTGAGE, INC. 1 7.25% $15,276
    PNC Bank 1 6.63% $9,295
    First Option Mortgage, LLC 1 6.63% $9,355
    Presidential Bank, FSB 1 6.25% $18,338
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $12,727
    First Federal Bank 1 6.38% $11,250
    MICHIGAN MUTUAL, INC. 1 6.25% $6,620
    RANLIFE, INC. 1 5.88% $19,038
    Wells Fargo Bank 1 7.00% $8,395
    Wolfe Financial, Inc 1 6.25% $8,131
    LIBERTY HOME MORTGAGE CORPORATION 1 7.38% $15,129
    Waterstone Mortgage Corporation 1 6.13% $16,806
    ROYAL UNITED MORTGAGE LLC 1 5.75% $9,500
    RUOFF MORTGAGE COMPANY, INC. 1 6.63% $5,777
    SeaTrust Mortgage Company 1 5.63% $10,793
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.00% $13,008
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.13% $11,376
    SOUTHWEST FUNDING, LP 1 7.63% $7,463
    LEGEND LENDING CORPORATION 1 6.13% $19,294
    Legacy Home Loans, LLC 1 5.63% $13,464
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 5.25% $29,389
    LAND HOME FINANCIAL SERVICES, INC. 1 6.38% $8,916
    EVERETT FINANCIAL, INC. 1 6.63% $15,538
    JPMorgan Chase Bank 1 6.13% $11,273
    EVANSVILLE TEACHERS 1 5.75% $6,188
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.75% $10,105
    The Huntington National Bank 1 7.75% $7,582
    Home Mortgage Alliance Corp 1 6.63% $7,953
    THE MORTGAGE FIRM, INC. 1 6.25% $10,619
    East Coast Capital Corp. 1 6.75% $13,106
    EMM LOANS LLC 1 5.75% $14,883
    Towne Bank 1 6.13% $11,442
    BETTER MORTGAGE CORPORATION 1 6.25% $9,239
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.50% $8,652
    M&T Bank 1 6.25% $7,977
    NATIONWIDE MORTGAGE BANKERS, INC. 1 8.25% $12,062
    NBKC BANK 1 6.13% $9,118
    NETWORK CAPITAL FUNDING CORPORATION 1 6.75% $8,988
    NEW DAY FINANCIAL, LLC 1 7.75% $2,466
    Bell Bank 1 6.25% $13,767
    NexBank 1 6.75% $11,888
    Capital Bank 1 6.50% $6,263
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,313
    Old National Bank 1 7.24% $10,493
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $7,462

    The top Chattanooga FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 204 FHA loans originated. Their average total fees are $10,986, which is $1,017 lower than the next largest lender, UNION HOME MORTGAGE CORP..

    The lowest fee Chattanooga FHA lenders (with over 10 loans originated) are Regions Bank ($8,117), DHI MORTGAGE COMPANY, LTD. ($8,816), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,059), LAKEVIEW LOAN SERVICING, LLC ($10,023) and COMMUNITY MORTGAGE CORPORATION ($10,285).

    The lowest rate Chattanooga FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.41%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), PENNYMAC LOAN SERVICES, LLC (6.04%), TJC Mortgage, Inc. (6.14%) and ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.20%).

    Chattanooga FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    CHATTANOOGA, TN-GA CATOOSA 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA DADE 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA WALKER 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA MARION 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA SEQUATCHIE 2022 $420,680 $538,650 $651,050 $809,150
    CHATTANOOGA, TN-GA CATOOSA 2023 $472,030 $604,400 $730,525 $907,900
    CHATTANOOGA, TN-GA DADE 2023 $472,030 $604,400 $730,525 $907,900
    CHATTANOOGA, TN-GA WALKER 2023 $472,030 $604,400 $730,525 $907,900
    CHATTANOOGA, TN-GA HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
    CHATTANOOGA, TN-GA MARION 2023 $472,030 $604,400 $730,525 $907,900
    CHATTANOOGA, TN-GA SEQUATCHIE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Chattanooga (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $235,000 (9.3%) $308,355 (6.7%) 0.87 1,812
    2018-02-01 $242,200 (9.5%) $320,395 (9.0%) 0.88 1,772
    2018-03-01 $249,900 (10.3%) $333,965 (10.7%) 0.88 1,756
    2018-04-01 $264,900 (15.2%) $345,443 (11.6%) 0.90 1,750
    2018-05-01 $277,484 (15.7%) $355,101 (11.2%) 0.93 1,832
    2018-06-01 $274,900 (13.8%) $350,186 (2.8%) 0.92 2,026
    2018-07-01 $270,550 (10.4%) $347,143 (2.2%) 0.90 2,168
    2018-08-01 $274,525 (14.4%) $347,726 (9.8%) 0.92 2,208
    2018-09-01 $269,900 (10.2%) $342,719 (6.2%) 0.91 2,262
    2018-10-01 $270,000 (10.9%) $342,468 (6.2%) 0.91 2,274
    2018-11-01 $274,975 (17.0%) $344,558 (9.3%) 0.93 2,306
    2018-12-01 $270,000 (12.6%) $341,801 (8.5%) 0.93 2,223
    2019-01-01 $269,900 (14.9%) $338,817 (9.9%) 0.93 2,081
    2019-02-01 $271,500 (12.1%) $338,765 (5.7%) 0.92 2,059
    2019-03-01 $283,914 (13.6%) $347,758 (4.1%) 0.93 1,998
    2019-04-01 $296,800 (12.0%) $356,445 (3.2%) 0.94 1,994
    2019-05-01 $295,000 (6.3%) $361,893 (1.9%) 0.92 2,078
    2019-06-01 $294,800 (7.2%) $357,933 (2.2%) 0.92 2,093
    2019-07-01 $295,000 (9.0%) $354,211 (2.0%) 0.92 2,177
    2019-08-01 $293,536 (6.9%) $348,171 (0.1%) 0.93 2,187
    2019-09-01 $291,491 (8.0%) $349,277 (1.9%) 0.93 2,163
    2019-10-01 $289,900 (7.4%) $348,949 (1.9%) 0.94 2,162
    2019-11-01 $290,000 (5.5%) $349,525 (1.4%) 0.95 2,092
    2019-12-01 $295,058 (9.3%) $352,383 (3.1%) 0.98 1,913
    2020-01-01 $290,500 (7.6%) $349,946 (3.3%) 0.97 1,722
    2020-02-01 $299,900 (10.5%) $362,257 (6.9%) 0.98 1,564
    2020-03-01 $309,676 (9.1%) $370,068 (6.4%) 0.97 1,579
    2020-04-01 $315,450 (6.3%) $379,447 (6.5%) 0.99 1,581
    2020-05-01 $329,700 (11.8%) $402,815 (11.3%) 1.00 1,512
    2020-06-01 $337,125 (14.4%) $429,680 (20.0%) 0.99 1,343
    2020-07-01 $339,900 (15.2%) $438,783 (23.9%) 0.99 1,219
    2020-08-01 $334,900 (14.1%) $430,110 (23.5%) 0.96 1,141
    2020-09-01 $329,450 (13.0%) $434,270 (24.3%) 0.94 1,115
    2020-10-01 $320,000 (10.4%) $426,906 (22.3%) 0.92 1,040
    2020-11-01 $316,975 (9.3%) $426,424 (22.0%) 0.93 1,012
    2020-12-01 $312,450 (5.9%) $425,865 (20.9%) 0.93 951
    2021-01-01 $319,450 (10.0%) $436,317 (24.7%) 0.95 767
    2021-02-01 $331,175 (10.4%) $464,678 (28.3%) 0.96 565
    2021-03-01 $347,225 (12.1%) $464,436 (25.5%) 0.99 539
    2021-04-01 $350,000 (11.0%) $470,351 (24.0%) 0.95 527
    2021-05-01 $349,450 (6.0%) $495,280 (23.0%) 0.93 548
    2021-06-01 $349,975 (3.8%) $496,093 (15.5%) 0.92 642
    2021-07-01 $335,000 (-1.4%) $458,989 (4.6%) 0.88 747
    2021-08-01 $324,900 (-3.0%) $459,580 (6.9%) 0.87 863
    2021-09-01 $341,800 (3.8%) $460,097 (6.0%) 0.91 851
    2021-10-01 $350,000 (9.4%) $482,881 (13.1%) 0.93 759
    2021-11-01 $360,000 (13.6%) $492,456 (15.5%) 0.96 657
    2021-12-01 $354,900 (13.6%) $492,361 (15.6%) 0.96 578
    2022-01-01 $345,000 (8.0%) $491,856 (12.7%) 0.93 522
    2022-02-01 $358,720 (8.3%) $523,569 (12.7%) 0.93 460
    2022-03-01 $350,000 (0.8%) $544,488 (17.2%) 0.88 472
    2022-04-01 $422,450 (20.7%) $579,350 (23.2%) 1.01 525
    2022-05-01 $437,450 (25.2%) $576,196 (16.3%) 1.00 709
    2022-06-01 $419,950 (20.0%) $555,185 (11.9%) 0.94 892
    2022-07-01 $399,000 (19.1%) $538,348 (17.3%) 0.90 1,103
    2022-08-01 $396,300 (22.0%) $516,555 (12.4%) 0.92 1,209
    2022-09-01 $399,450 (16.9%) $521,052 (13.3%) 0.93 1,238
    2022-10-01 $399,000 (14.0%) $528,925 (9.5%) 0.94 1,307
    2022-11-01 $395,000 (9.7%) $519,595 (5.5%) 0.95 1,376
    2022-12-01 $395,000 (11.3%) $519,214 (5.5%) 0.98 1,257
    2023-01-01 $398,150 (15.4%) $505,827 (2.8%) 0.99 1,135
    2023-02-01 $398,400 (11.1%) $505,083 (-3.5%) 0.96 1,065
    2023-03-01 $407,225 (16.4%) $537,383 (-1.3%) 0.96 1,017
    2023-04-01 $439,900 (4.1%) $571,054 (-1.4%) 1.02 1,019
    2023-05-01 $438,950 (0.3%) $566,484 (-1.7%) 1.00 1,096
    2023-06-01 $438,117 (4.3%) $558,911 (0.7%) 0.98 1,159
    2023-07-01 $435,000 (9.0%) $558,832 (3.8%) 0.99 1,249
    2023-08-01 $437,500 (10.4%) $562,469 (8.9%) 1.00 1,278
    2023-09-01 $430,000 (7.7%) $553,379 (6.2%) 1.00 1,336
    2023-10-01 $418,086 (4.8%) $531,274 (0.4%) 0.98 1,472
    2023-11-01 $415,000 (5.1%) $530,514 (2.1%) 0.99 1,532
    2023-12-01 $409,900 (3.8%) $526,626 (1.4%) 1.00 1,519
    2024-01-01 $399,923 (0.5%) $527,182 (4.2%) 0.98 1,429
    2024-02-01 $402,500 (1.0%) $530,388 (5.0%) 0.97 1,441
    2024-03-01 $425,000 (4.4%) $548,162 (2.0%) 1.00 1,441
    2024-04-01 $425,000 (-3.4%) $559,090 (-2.1%) 0.99 1,485
    2024-05-01 $424,500 (-3.3%) $556,176 (-1.8%) 0.97 1,529
    2024-06-01 $415,000 (-5.3%) $524,357 (-6.2%) 0.94 1,673
    2024-07-01 $409,950 (-5.8%) $525,099 (-6.0%) 0.94 1,868
    2024-08-01 $399,900 (-8.6%) $518,584 (-7.8%) 0.93 1,987
    2024-09-01 $401,701 (-6.6%) $518,313 (-6.3%) 0.95 2,091
    2024-10-01 $399,450 (-4.5%) $510,973 (-3.8%) 0.94 2,402
    2024-11-01 $398,676 (-3.9%) $502,364 (-5.3%) 0.96 2,168
    2024-12-01 $397,792 (-3.0%) $502,149 (-4.7%) 0.99 2,024
    2025-01-01 $399,900 (0.0%) $499,789 (-5.2%) 1.00 1,934
    2025-02-01 $400,000 (-0.6%) $507,823 (-4.3%) 0.97 1,969
    2025-03-01 $414,950 (-2.4%) $518,044 (-5.5%) 0.98 2,015
    2025-04-01 $415,750 (-2.2%) $529,999 (-5.2%) 0.96 2,122
    Chattanooga's median listing price for 2025-04-01 was $415,750, a difference of $-9,250 (-2.2%) versus the prior year and $800 versus the prior month.

    Chattanooga's median listing price comes in at 96% of the national average.

    Chattanooga's average listing price for 2025-04-01 was $529,999, a difference of $-29,091 (-5.2%) versus the prior year and $11,955 versus the prior month.

    For the 2025-04-01 period, Chattanooga had 2,122 MLS listings, a difference of 107 listings (5%) versus the prior month and 637 listings (43%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Chattanooga (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 78 days 2,080 sqft
    2018-02-01 73 days 2,090 sqft
    2018-03-01 55 days 2,140 sqft
    2018-04-01 53 days 2,192 sqft
    2018-05-01 50 days 2,227 sqft
    2018-06-01 47 days 2,169 sqft
    2018-07-01 50 days 2,174 sqft
    2018-08-01 59 days 2,165 sqft
    2018-09-01 58 days 2,161 sqft
    2018-10-01 64 days 2,163 sqft
    2018-11-01 67 days 2,169 sqft
    2018-12-01 73 days 2,152 sqft
    2019-01-01 83 days 2,154 sqft
    2019-02-01 72 days 2,151 sqft
    2019-03-01 63 days 2,187 sqft
    2019-04-01 51 days 2,219 sqft
    2019-05-01 50 days 2,228 sqft
    2019-06-01 53 days 2,231 sqft
    2019-07-01 56 days 2,236 sqft
    2019-08-01 57 days 2,229 sqft
    2019-09-01 60 days 2,236 sqft
    2019-10-01 62 days 2,235 sqft
    2019-11-01 64 days 2,217 sqft
    2019-12-01 73 days 2,214 sqft
    2020-01-01 79 days 2,200 sqft
    2020-02-01 71 days 2,197 sqft
    2020-03-01 50 days 2,244 sqft
    2020-04-01 52 days 2,247 sqft
    2020-05-01 60 days 2,298 sqft
    2020-06-01 56 days 2,308 sqft
    2020-07-01 58 days 2,256 sqft
    2020-08-01 52 days 2,229 sqft
    2020-09-01 46 days 2,174 sqft
    2020-10-01 49 days 2,100 sqft
    2020-11-01 53 days 2,072 sqft
    2020-12-01 56 days 2,034 sqft
    2021-01-01 66 days 2,063 sqft
    2021-02-01 44 days 2,075 sqft
    2021-03-01 34 days 2,098 sqft
    2021-04-01 33 days 2,100 sqft
    2021-05-01 23 days 2,100 sqft
    2021-06-01 25 days 2,066 sqft
    2021-07-01 24 days 2,030 sqft
    2021-08-01 28 days 2,002 sqft
    2021-09-01 34 days 2,027 sqft
    2021-10-01 39 days 2,064 sqft
    2021-11-01 39 days 2,123 sqft
    2021-12-01 43 days 2,066 sqft
    2022-01-01 49 days 1,980 sqft
    2022-02-01 36 days 2,030 sqft
    2022-03-01 25 days 2,011 sqft
    2022-04-01 20 days 2,150 sqft
    2022-05-01 22 days 2,209 sqft
    2022-06-01 26 days 2,206 sqft
    2022-07-01 31 days 2,125 sqft
    2022-08-01 37 days 2,102 sqft
    2022-09-01 44 days 2,107 sqft
    2022-10-01 46 days 2,117 sqft
    2022-11-01 52 days 2,092 sqft
    2022-12-01 63 days 2,085 sqft
    2023-01-01 73 days 2,085 sqft
    2023-02-01 60 days 2,089 sqft
    2023-03-01 47 days 2,083 sqft
    2023-04-01 44 days 2,121 sqft
    2023-05-01 43 days 2,130 sqft
    2023-06-01 42 days 2,139 sqft
    2023-07-01 40 days 2,088 sqft
    2023-08-01 44 days 2,065 sqft
    2023-09-01 46 days 2,073 sqft
    2023-10-01 49 days 2,050 sqft
    2023-11-01 52 days 2,021 sqft
    2023-12-01 57 days 1,980 sqft
    2024-01-01 66 days 1,928 sqft
    2024-02-01 54 days 1,939 sqft
    2024-03-01 44 days 1,999 sqft
    2024-04-01 50 days 2,000 sqft
    2024-05-01 46 days 2,000 sqft
    2024-06-01 49 days 2,000 sqft
    2024-07-01 48 days 1,966 sqft
    2024-08-01 50 days 1,932 sqft
    2024-09-01 53 days 1,939 sqft
    2024-10-01 59 days 1,917 sqft
    2024-11-01 66 days 1,910 sqft
    2024-12-01 69 days 1,908 sqft
    2025-01-01 73 days 1,892 sqft
    2025-02-01 65 days 1,916 sqft
    2025-03-01 52 days 1,945 sqft
    2025-04-01 51 days 1,948 sqft
    Chattanooga's median listing age (time on market) for 2025-04-01 was 51 days. This is 3% longer than the same period one year ago.

    Chattanooga's median square footage for active listings during the 2025-04-01 period was 1,948 sqft. One year prior, the average listing was 2,000 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).