Sometimes the home of your dreams just isn’t available. With a renovation or new construction loan from BankSouth Mortgage, you can afford to turn a fixer-upper into your dream home or build it entirely from scratch. These loans are available as a stand-alone option or, in some cases, in conjunction with a new home purchase or refinance. BankSouth Mortgage offers a variety of programs to meet your needs. Check our products below, or contact a BankSouth Mortgage expert for more details.
→ Down payments as low as 10%
→ Purchase and Renovation Loans
→ Conforming and Jumbo options
→ Primary or second homes
→ In-House Underwriting- Local Decision Making
→ Interest Only Payments During Construction
→ Lot Cost Can Be Included in the Construction Loan
→ Available for Properties Throughout Georgia
BankSouth Mortgage offers you the flexibility to combine your home financing with renovation costs!
• Maximum holdback of 10%, not to exceed $15,000
• Purchase transactions
• Non-structural repairs
• Repairs must be completed within 10 days of closing
• Maximum holdback of 10% of the appraised value, not to exceed $100,000
• Purchase Transactions
• Repairs must be completed within 30 days of closing
• Non-structural repairs only
Credit and collateral are subject to approval. Terms and conditions apply. Rates, program terms and conditions are subject to change without notice. Some programs have geographic restrictions. This is not a commitment to lend.