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Lending Services

For more information about CNE's loan products, please call 423-756-6213.

Loan Products

CNE offers Conventional, FHA, USDA, VA and HomeReady loans.

ITIN Loans

CNE is now certified to offer ITIN mortgage loans. These loans allow those who do not have Social Security numbers to apply using their ITIN. Some preliminary qualifications include borrower having a down payment of 20% (payment can include gift funds); they must have an ITIN (SSN not required); no minimum credit score; they must provide at least one year of tax returns. Other conditions apply.

CNE Down Payment Assistance

CNE's Down Payment Assistance Program is designed to help homebuyers cover closing costs and down payments included in home purchase. Down payment assistance up to $15,000 will act as a second mortgage loan becoming payable on a monthly basis after the purchase date. It will begin amortizing in year one, at a rate of the first mortgage but no less than 3%. Whether or not you qualify for this program will depend upon your household size and your income.

CNE’s Down Payment Assistance is available in Bledsoe, Bradley, Marion, Grundy, Hamilton, McMinn, Meigs, Polk, Rhea and Sequatchie counties.

City Down Payment Assistance

CNE also offers a down payment assistance option through the City of Chattanooga. To qualify, the home must be located within Chattanooga city limits; it cannot be occupied by a tenant at time of sale; and it must go through a Housing Quality Inspection. Household income and purchase price are also qualifiers.

Homebuyer Education

CNE's Homebuyer Workshops will help you learn all you need to know about purchasing a home. Here's what you can expect to be covered:

Are You Ready to Buy a Home?

This segment will help you ask yourself the right questions regarding renting versus buying.

Managing Your Money

This section is an overview regarding the importance of creating a spending plan, plus the how-to formula/key components related to the establishment of a spending planner.

Understanding Credit

We’ll discuss the importance of credit in relation to buying a home as well as other areas where credit becomes key. For example, establishing utility services, renting an apartment, getting insurance or lower interest rates. We’ll also give strategies for credit score improvement.

Getting a Mortgage Loan

We’ll explain mortgage terminology in layman’s terms and give an introduction to documents related to the process (TRID).

Shopping for a Home

This section is an introduction to the other key players involved in the homeownership journey and their roles and responsibilities related to customers.

Protecting Your Investment

These are the key components that every consumer should be familiar with prior to becoming a homeowner and should be revisited often after purchasing.

Workshops are offered in-person ($59) and online through eHome America ($99). Register at the links below. For questions, call 423-756-6256.

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