Rainbow Homes with FHA Terms

Rainbow Homes with FHA Terms

Welcome to Rainbow, a vibrant subdivision nestled in the heart of Chattanooga, TN, within the picturesque Hamilton County. This enchanting community is a hidden gem that combines the charm of suburban living with the convenience of urban amenities. Rainbow is known for its friendly atmosphere, lush green spaces, and a diverse array of homes that cater to a variety of lifestyles.

In Rainbow, you'll find beautifully designed homes that are perfect for families, young professionals, and retirees alike. The architecture reflects a delightful blend of modern and traditional styles, ensuring that there’s something to suit every taste. With homes available under FHA terms, this subdivision offers an excellent opportunity for first-time homebuyers and those looking to invest in their future. The FHA financing options make it easier to achieve your dream of homeownership, allowing you to secure a property with lower down payments and flexible lending criteria.

The community is not just about beautiful homes; it’s also about the lifestyle. Residents can enjoy access to nearby parks, recreational facilities, and a variety of shopping and dining options. The vibrant downtown Chattanooga is just a short drive away, where you can explore local boutiques, art galleries, and an array of culinary delights.

Whether you're looking to settle down or invest, Rainbow offers a welcoming community with a promising future. Come discover the charm of Rainbow in Chattanooga, where your dream home awaits!

Newest Rainbow Homes with FHA Terms

$659,000
4 Beds ⋅ 4 Baths ⋅ 10810918 MLS
180 YEAR-ROUND MOUNTAIN VIEWS | 4 BEDROOMS | 4 BATHROOMS | 2.94 PRIVATE ACRES | POOL | WHOLE-HOUSE GENERATOR | GATED COMMUNITY! Enjoy breathtaking panoramic mountain views from this beautifully maintained retreat on 2.94 private acres in a quiet gated community of approximately 36 homes, just 7 miles from downtown Ellijay with all paved roads. Ideal as a full-time residence, second home, or long-term rental (6+ month rentals permitted; no short-term rentals). The open main level features soaring ceilings, hardwood floors, a stacked stone wood-burning fireplace, and walls of windows showcasing the incredible year-round views. The kitchen offers granite countertops, tile backsplash, under-cabinet lighting, stainless steel appliances, pantry, and abundant cabinetry. The spacious primary suite includes a sitting room or office, walk-in closet, and ensuite with dual marble vanities, soaking tub, and oversized tile shower. A second bedroom and full bath complete the main level. Upstairs offers a second primary suite with a private balcony, ensuite bath, walk-in closet, and bonus room. The finished terrace level includes a fourth bedroom, fourth full bath, bonus room, storage, utility room, and oversized 3-car garage. Outside, enjoy the above-ground chlorine pool with surrounding deck, blueberry bushes, and exceptional privacy. Additional features include an attached carport plus a two-car carport, Low-E Argon vinyl windows (2015), HVAC (2021), new water heater (2025), professionally serviced 22KW whole-house generator, fiber internet, two HVAC systems, two water heaters, metal roof, and updated interior and exterior paint. HOA is approximately $560 per year with community well water at approximately $25 per month. Gilmer County homeowners who qualify for the senior homestead exemption (generally age 65+) may be exempt from paying the school tax portion of their property taxes. Conveniently located near apple orchards, wineries, Amicalola Falls, hiking trails and more!

55 Beauregards Knob, Ellijay

Listing courtesy of RE/MAX Town & Country.

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.