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Online Access

BankSouth offers immediate and easy access to your mobile and online banking. You can also apply for and review your ReadyLoan mortgage application.

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For over ten years, BankSouth has helped thousands of families finance their homes.  We know how daunting this may be, but we take the worry and hassle out of the process.

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Construction & Renovation Loans

New Construction or Renovation, BankSouth Mortgage is Here

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.

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Construction Loan Highlights:

→ 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

Escrow Holdback Program Highlights

BankSouth Mortgage offers you the flexibility to combine your home financing with renovation costs!

Conventional, FHA, VA, and USDA:

• 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

Examples of Eligible Repairs & Improvements:

     Refinishing ­Floors
     Swimming Pool Repairs

What our customers say about our construction loans:

Vidyard Video
Construction Financing - The Herrera Family pt. 1:
Follows a family in their move from metro Atlanta to Lake Oconee. Building on a lot they purchased 20 years ago, Sandy and Diann Herrera walk us through their first custom home build with the help of BankSouth and BSM.
Vidyard Video
Construction Financing - The Herrera Family pt. 2:
Sandy and Diann are back to give us an update on the next phase of their custom home construction build, some of the challenges they've faced since we last saw them and how BankSouth and BSM was there to help.

More Videos:


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.

It’s Time To Go Home

Mortgage lenders should be on your side, every step of the way. If you’re ready to take the next step, talk to us or apply online today.

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