Planet Home Lending, LLC, a national mortgage lender and servicer, has opened a new branch at 5613 Tennessee Ave. Suite 211, Chattanooga (NMLS#2057126). Mortgage industry professional John Williams (NMLS#184864) is retail branch manager of the new location and is joined by Processor Brandy Teague.
“Planet Home Lending is a great fit for the Chattanooga community because we offer personalized loan choices instead of a one-size-fits-all approach,” said Michael Dubeck, CEO and president of Planet Financial Group, LLC.
“This branch is especially helpful for homebuyers and homeowners who want to take advantage of today’s historically low interest rates.”
Williams and Teague understand the importance of offering loans homeowners in Chattanooga need. They focus on serving FHA, VA and USDA borrowers in the tri-state area, including those who need down payment and closing cost assistance. Planet Home Lending offers Tennessee Housing Development Authority, USA 100%, and Tennessee and Georgia down payment programs.
“Joining a national company, such as Planet Home Lending, allows us to offer loans and properly serve the Chattanooga community with unique solutions to help people reach their financial goals,” Mr. Williams said.
Because many Chattanoogans also have properties on the Florida and Alabama Gulf Coast, the new branch will also tailor its services to borrowers purchasing second homes and condos. The Chattanooga branch is able to prequalify consumers for a home loan, which shows home sellers the purchaser can afford to buy the property.
The team also has strategies to help consumers struggling to buy a home in competitive markets. For example, Planet Home Lending offers FHA 203(k) loans to purchase a home and update it with a single mortgage.
Planet Home Lending serves a broad spectrum of consumers – the branch has a range of products from competitively priced jumbo loans to no-down payment VA and USDA loans. Planet also offers home loans to borrowers who fall outside the standard credit box, including self-employed people, business owners, retirees and real estate investors.
No matter which home loan borrowers choose, they benefit from the company’s online digital mortgage assistant, used to apply and submit documents via connected devices, like cell phones. Planet Home Lending is also piloting eClosing and remote online notary tools, which let borrowers close their mortgage from the comfort of their home instead of in person at a title company. “This added flexibility will deliver an outstanding, safer customer experience to our borrowers,” Mr. Williams said.