Local Mortgage: Mortgage Lender in Memphis, TN

From left to right: Travis Chapman, Chase Newell, Peggy Chapman, and Derek Chapman.

After years of directing a successful large-scale mortgage operation for a banking institution, I opened Local Mortgage in 2019, alongside my brother Derek Chapman and mother Peggy Chapman. Our goal was to create something different in the mortgage marketplace. Most mortgage borrowers, knowingly or not, have had to choose between local experts or national, faceless internet-based companies that in some cases offer lower rates and fees.

I have always strongly believed the benefits of both options could be combined. Home buyers and homeowners should not have to choose between a trusted advisor that provides great personalized service or a significantly better interest rate that might save them a thousand dollars or more in annual mortgage payments. They could and should have both!

Over 2,700 families since 2019 have entrusted Local Mortgage with their mortgage needs so, I think we just might be on to something…

We are a mortgage lender in Memphis, TN and our roots in Memphis mortgage and real estate were planted even before my brother and I were even born. My mother and father, Mike Chapman, moved to Memphis in the mid-1970s and my father soon started a career in mortgage and real estate that spanned 25 years. After his passing in 2001, I began my career in mortgage lending and my brother and mother followed over the next few years as our business grew.

Naming the company Local Mortgage was more about a sense of community and service rather than location. We set out from the beginning to offer what we call “LOCAL” service. That means personal service from a team of highly qualified and experienced mortgage lending professionals. We answer our phones and reply quickly to your texts and emails. Our people are truly committed to providing the very best experience for our customers. We are very proud of the high ratings and wonderful reviews our customers leave us on Google and other review platforms.

In addition to our high levels of service, our customers also benefit by receiving interest rates that are consistently much lower than the national average based on surveys comparing our rates to the Mortgage Bankers Association weekly rate survey. Also, our Loan Officers are stakeholders in our company and are compensated for the overall financial success of our organization, not through high commission rates on individual deals. Aggregating the compensation over a high volume of production has allowed us to achieve cost savings and pass those savings along to our clients through lower interest rates.  

How I Can Help You

When it comes time to purchase a home or refinance an existing loan, I want to help you! Hopefully articles like this give you good information and a better understanding of the mortgage world but let me use my experience and expertise to help you with your particular situation.

I tell my clients and referral partners that a mortgage transaction starts with a simple conversation. Let’s talk about your financial situation, budget, and goals so that I can help you determine the best solution for you. During a 10-minute informal conversation, we can get you on the right path as it relates to a home purchase or mortgage refinance.