Finance Your Home with Confidence

Finance Your Home with Confidence

Build & Customize Your Home with Confidence

Creating the perfect home should be a joyful experience. Be sure to nail it with BankSouth Mortgage’s custom home loan financing options and expert guidance.

Construction & Renovation Products

Loan Program 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
VA    Renovation 
  • 100% financing options available
  • No monthly mortgage insurance
  • No borrower-paid underwriting or lender fees
  • Thin or alternate credit allowed
FHA 203(k) Renovation
  • Through a single FHA mortgage, combine the financing of your home with the cost of non-structural renovations
  • Purchases and refinances
  • 3.5% down payment
  • 640 minimum credit scores
  • Non-structural repairs and alterations, improvements/modernizations, elimination of health/safety hazards, changes for aesthetic appeal, interior and exterior painting, installation of well and/or septic, reconditioning or replacement of heating/air conditioning, and replacement of roofing, guttering, and downspouts (no footings, foundations or load-bearing walls)
  • Potential to build equity immediately once renovations are complete

Close & Complete

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
Sample Eligible Repairs/Improvements:
  • HVAC
  • Refinishing hardwood ­floors
  • Painting
  • Landscaping
  • Swimming pool repairs
  • Waterproofing
  • Fencing



Get Started

Ready to get started? Let us help find a loan that works for you.

Apply Now