Over the last several months, Chattanooga has placed in several top listing surveys. Most recently, we have placed second in the Mid-Size Cities category form the AmericanStyle Magazine.
The article points to Allied Arts, the Hunter Museum, the Tennessee Aquarium, and programs such as "Art in Public Places."
One of the quotes says, "Chattanooga has art everywhere." I have previously posted about some of the sculptures in Chattanooga. The magazine is right. We have art everywhere.
It is just another reason that Chattanooga is world class.
Entrance at the Hunter Museum.
The first time home buyer tax credit incentive is a most powerful incentive to purchase a new home, equal almost to actually being a home owner. For those interested in taking advantage, it is important though to 
act now.
Potential homebuyers who are qualified for the tax incentive will risk missing the November 30 deadline, if they delay.
Many lenders have a backlog of 2 weeks or more to underwrite a loan submission. Many lenders will not review a loan submission if the home buyer does not yet have a property under contract.
The lender backlog will likely increase as the November 30 deadline approaches.
This might very well mean that those home buyers who wait risk missing the deadline while their application is waiting in line to be approved.
Don't be this person. If you want to purchase a home and take advantage of the tax incentive, act now.
Get preapproved.
Find a property.
Do not wait.
The tax credit incentive means up to $8000 in your pocket, plus the very real, the very significant benefits of home ownership.
Do not wait.
The Chattanooga Market is a special treat for all. Every Sunday through December 7. Each Sunday afternoon has a special theme. Today was Latin Fair. Local produce, art, handy crafts, music - all local.
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Chattanooga Market vendors and shopper |
La Paz de Dios was the focus charity for today's event. La Paz supports the Hispanic community by supplying humanitarian needs and connecting families with local resources. It also works to educate the larger community about life as an immigrant.
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Tropical Swing at Chattanooga Market |
The Chattanooga Market is region's largest producer-only market. Their message is local is better. Pointing our attention to the 3/50 project, the Market reminds us of the significance of the impact if just half of the employed population in Chattanooga spends $50 in locally owned business. The strategy - pick 3 local vendors, spend $50 each month.
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Mountain Boys at Chattanooga Market |
Cooking classes every third Sunday, using recipes with Armanda Varnell using fresh food from vendors at the Market. Visit http://www.cookinglive.net/ .
It is a fun event, every Sunday.
Volkwagen Group of America President Stefan Jacoby gave a powerful and upbeat keynote speech at today's Spirit of Innovation Awards luncheon. His talk caught the spirit of the event, complimenting
Chattanooga's vision and commitment to creative thinking, risk taking, and fresh ideas.
The two award winners were DJO Chattanooga who received the Kruesi Award and Adaptive Methods received the Early Innovator Award. The webcast production linked below includes some excellent and informative video about all the award nominees.
Mr. Jacoby said this spirit of these unique awards ties in well with the corporate culture at Volkswagen and was one of the reasons that Chattanooga was selected for its new US automotive manufacturing plant.
He said the decision to select Chattanooga was made "by the head and also by the heart. Chattanooga met all the specifications for the plant site, but also just felt right for Volkswagen."
He specifically associated the idea of the Spirit of Innovation event and the Kruesi award as matching the spirit of Volkswagen.
He spoke about the commitment to education, cooperation between educators, government, and industry - a true strength of Chattanooga.
He called Chattanooga a big part of the Volkswagen plan to grow to a market share of 1 million cars. He said that VW is making a $1 billion investment towards that goal and towards the future of the company, the community, and the country.
He did discuss current market conditions, but said VW is in a position to take advantage of the opportunity that is inherent in today's economy.
He spoke of Volkswagen's commitment to research and development. Chattanooga's prototype automobile is in development right now. VW is engineering for a new automobile.
He did indicate that recent reports of expanding the plant to 300,000 cars are a part of the strategic planning, but initially the production goal remains 150,000.
It was an exciting event speech, made even better by the first webcast presentation of the event. Congratulations to the award winners and to the award nominees.
Kris Simmons of Fire Eye Productions, Inc., an award winning, Chattanooga based video production company, produced the webcast, and graciously gave permission to post a link to the webcast. You can find out more about Fire Eye Productions at their website, www.fireeyemedia.com .
THDA, Tennessee Housing Development Agency, has this month introduced their anticipated second mortgage program. The program is to be used in conjuction with the stimulus tax credit for first time home buyers. The purpose is to assist potential home owners by providing a no interest loan. THDA recommends that borrowers use their tax credit to pay the loan off, when the credit refund is received.
Some details:
The THDA second mortgage is for the down payment. It is only available with an FHA loan closed with the THDA Great Rate or THDA Great Advantage programs.
The minimum credit score is 620 and THDA's maximum income limits apply.
The program is offered to first time home buyers.
If the borrower decides not to repay the second mortgage with their tax refund, payments can be made.
The loan is interest free until June 1, 2010. At that time the loan will have a 10 year term. The interest rate is 1% above the first mortgage rate.
For the THDA Great Rate program, the current interest rate is 5.55%.
For the THDA Great Advantage program, the current interest rate is 5.85%.
The second mortgage can be used for downpayment or for closing cost, but it in the amount of the 3.5% FHA minimum down payment. The second mortgage can be used with other sources of closing funds that are acceptable to FHA: gift funds, seller paid costs, and of course the 2% grant from the THDA Great Advantage program.
More details on the THDA programs are posted here.
If you have any questions about eligibily for this program, please call.
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The right Home Loan for you. American Acceptance Mortgage. Chattanooga, TN. Conventional and government home loans and mortgages in Tennessee, Georgia, and Alabama. Purchase, refinance, renovation.
Home purchases and home refinances for Tennessee, Georgia, and Alabama. The right real estate loan for you. That is 
what American Acceptance Mortgage is all about. Each mortgage loan officer at American Acceptance is focused on providing the service you need. I have over 20 years experience as a mortgage loan officer. We have been making mortgage loans in Chattanooga, TN since 1994.
We know real estate finance. And we provide top service to each locality in our 3 state service area of Tennessee, Georgia, and Alabama.
Purchase Loans - We offer loans designed to keep your down payment low. These include conventional, FHA, VA, and Rural Development loans. We participate in the FHA approved down payment assistance programs and other nonprofit grant programs. By offering loan programs from several top national lenders, you can be sure that you can get the best approval terms around. Our promise is to get you to the closing table on time and with no surprises. We have real estate agent contacts in every area and can recommend agents that provide you with excellent service.
Refinance Loans - Understanding your refinance objectives is critical to obtaining just the right loan terms. Making certain that your goals are achievable before we even begin the process saves time and money. Working with me means that you will be fully informed at each step of the process.
Construction Permanent - With builders finding construction lines getting tight, experienced construction permanent lending is needed to get you your new custom home. We offer construction permanent loans through 5 different national lenders. This means that you get to choose the best options for you - fees, draws, construction interest, permanent lock in terms.
FHA Renovation - In today's market, you may find that a renovating your home is a good option. With an FHA renovation loan you get excellent terms. Also the FHA loan amount calculations typically allow you to receive more money for your renovations, meaning that you may very well get all the work you want.
If you are interested in a government loan, FHA, VA, or Rural Development, go to an experience lender. We have offered government loans since 1994. Our lender relationships and experience will make a difference for you. We close many loans that others cannot.
We are experienced with HUD foreclosures, and working with other foreclosure companies.
Relocation is made smooth with our local contacts and use of internet technology - secure online applications, toll free fax number, secure website user accounts, daily status reports, and the informative lock recommendation. Your move will be the happy experience it should be, because you will not be worrying over the financing of your new home.
Local focus - you can find ready resources to learn about the local communities in our service area.
Credit repair - You will not find better credit consultation anywhere. If you need professional assistance to repair your credit, you will know exactly what they need to do for you. For the most part you and I can work through credit issues. We even offer a service to help you build a credit file from scratch.
American Acceptance Mortgage, Inc
Home Office
I am active with the Red Bank Lions club and have served serveral terms on the board of my church, the Chattanooga Community Kitchen, and the Episcopal Commission of South East Tennessee. I am active with the Chattanooga Chamber of Commerce, and serve proudly as one of their ambassadors.
Currently, I am a committee chair with the Women's Council of Realtors, a member of the Chattanooga Association of Realtors, the Home Builders Association of Southern Tennessee, the mortgage brokers association,and the mortgage bankers association.
My goal is to WOW you.
We specialize in FHA, VA, and Rural Development mortgage loan programs. We offer these programs along with the traditional conventional mortgage programs. We are experienced FHA lenders, with proven results in credit repair and credit building. We take pride in serving our customers and have developed excellent reputations and relationships with our lender partners.
My real estate agents know they receive my full commitment and the commitment of my staff. I stay fully accessible. I return phone calls. I tell the truth. My clients and partners are kept fully informed of the status. My experience both as a mortgage loan officer and as a mortgage lender helps me to identify potential loan approval issues early in the process. This allows my clients to have right expectations about their home financing transaction. I know the financial goals of my clients and work hard to develop a lasting relationship with them.
Recently I have become involved with the Chattanooga Office of Multi Cultural Affairs. This is a group of local 
professionals from government, private, and industry entities who are working to educate consumers and businesses about discrimination and minority opportunity. I am very excited about this effort as a way to increase home ownership potential in Chattanooga.
Credit repair and credit building have become increasingly important in today's market. We have demonstrated results for many of our clients in helping them improve their credit histories without using for fee credit repair companies. In fact, we have been helping our customers with their credit for several years. In today's market, good credit management can have a significant impact on loan approval and loan terms. We are credit management experts, and we take the time to review, explain, evaluate, and advise.
FHA home loans have always been a specialty of our company. Even when FHA was losing market share to subprime and Alt A mortgages, we were closing FHA mortgage loans. Other brokers steered borrowers into subprime loans. We worked with borrowers to get an FHA home loan approved. We gained considerable processing experience with the art of manual underwriting and full documentation. Processing can make all the difference in getting a loan approved.
We are closing FHA loans that other lenders cannot. We prove that every day.
We put technology to work for you. This makes your loan process smooth. You know the status. You have the information. You can make the informed decision. Lending is local. We use technology to give you local service - right where you are.
"Richard is a professional and I would recommend him to anyone needing sound advice about their mortgage." BH Chattanooga, TN
"This is my first purchase. We just had a baby last year. And we are so excited. Richard has keep us informed of the status with daily emails. He always makes sure that we know what to expect next. On top of that, during the loan, my wallet was stolen. Richard came in over the weekend to help with all things I needed to do about indentity theft and to notify the charge card companies and the credit bureaus. He really helped." CK East Ridge, TN.
"My loan went well, really quickly. But there was a problem with the lender taking the appraisal. Richard stayed in touch continuously. I always new what was next. He worked with the realtor and with the appraiser and got the loan done. Even going to another lender, he kept my rate and still closed quickly. " RH Chattanooga, TN
"Richard is one of the most professional and knowledgeable broker/bankers I have had the pleasure of working with, it is refreshing to see his commitment and dedication to our industry." ST Nashville, TN
"I needed to purchase the salon where I worked. It was a great opportunity. Richard told me what needed to be done, but another lender kept making promises. Those promises were never kept. Richard was patient. He told me to keep working with the other company as long as I thought things were going to go through. He would keep my loan ready if I needed it. Well, I needed it. Now I have my salon and it is going well. Richard knew how to get it through." Cleveland
"Richard has been great to work with. I love it when my clients take charge of their advertising campaigns and want to be personally involved to really make it their own. He worked hard to personalize his commercial and has worked to keep his website up-to-date. Thanks Richard for making it easy to work with you and being a man of integrity. If you're interested in making your dreams come true and having financial freedom, Richard is the man to talk to to!" GH Chattanooga, TN
"Richard works hard for my buyers. I know that. He calls me before I call him most of the time. I love the daily updates. He sends weekly articles about changes and other news. I really feel like I know the status. And when something comes up, I know he is giving me the right information. That really is important to me." LP, Chattanooga
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