South GA Lending Team

Apply Now

South GA Lending Team Lenders

Apply Now

About South GA Lending Team

The South Georgia Lending Team is unique because we strive to not only help our customers become homeowners, but also take the extra steps to help them become knowledgeable members of the local community.  We love our market because it is growing but still has that hometown feel. During the loan process and even after, our customers will see us at the grocery store, community events, and church.  We live, work and play here and wouldn’t have it any other way!  Three words that are often used to describe our team are diligent, attentive, and committed.  That’s not by accident.  Our service is hyper-focused on delivering service that exceeds expectations both with agents and home buyers alike.  With a combined 15 years of mortgage experience in the Valdosta area, as well as additional years of banking and growing up in the area, our team has contacts and knowledge of the community that help make us your neighborhood experts.  The top need for our homebuyers is education on all options available to them when purchasing and refinancing.  We take the time to walk side by side with our clients, ensuring they get that education and never feel alone in the loan process. If you’ve been in this industry any time at all, it doesn’t take long before you understand just how important prompt communication and availability are.  We deliver on both for everyone involved in the loan process.  We can’t wait to help you secure your home loan for your new Valdosta home!

Reviews

4.94
Ratings
85
Total Reviews
Powered by Experience.com
M
Mary S B
LAKE PARK - GA
Posted on December 28, 2022
5.0
verified-review
It was truly a great experience!!!! Nikki was wonderful and extremely helpful! She answered all of my many questions!!!! The process for uploading the requested documents was simile and efficient. My previous closing was so much more stressful than this time!!!! I will recommend Nikki and Bank South mortgage to everyone!
K
Kayla S
HAHIRA - GA
Posted on November 13, 2022
5.0
verified-review
Nikki and her team were always available even outside business hours to answer any questions!
R
Randall G F
QUITMAN - GA
Posted on November 11, 2022
5.0
verified-review
Working with Nikki was great. She answered any questions & offered advice when needed.
B
Brandy M R
LAKE PARK - GA
Posted on November 3, 2022
5.0
verified-review
Nikki was always quick to help answer any questions that I had! She’s absolutely wonderful at what she does!
A
Allison R
TIFTON - GA
Posted on October 30, 2022
5.0
verified-review
Nikki was fantastic to work with. She went above and beyond to answer all of our questions and to accommodate our hectic schedules. She made this process so easy and manageable. 10/10 would recommend using Nikki and Bank South Mortgage!
J
Joshua E R R
VALDOSTA - GA
Posted on December 5, 2022
Excellent experience. Very helpful every step of the way
S
Shauna L B
VALDOSTA - GA
Posted on December 1, 2022
Jennifer was absolutely wonderful to work with! I highly recommend her for any mortgage related needs.
H
Hanna L P
OXFORD - GA
Posted on November 24, 2022
Very great customer service received!!!
A
Amy P F
VALDOSTA - GA
Posted on October 7, 2022
Jennifer is fantastic. She got us the lowest rate available and locked at the perfect time. We were also in the process of selling our home in one state and buying another in GA, and when we weren't sure we would sell in time to make a larger down payment she immediately came up with a solution to avoid a bridge loan. In the end we were able to sell prior to buying but without Jennifer's calm head and broad knowledge base we would have been so lost. She answered every question we had and kept us on top of any tasks we needed to get done. She is wonderful and I will be recommending her to anyone I know in the market for a mortgage.
T
Tessa S C
VALDOSTA - GA
Posted on September 4, 2022
Jennifer was very helpful, and detailed. I am happy with my experience, and I would 100% recommend her. :)

The Mortgage and Lending Services You Need

There are a lot of different types of mortgages out there. Our job is to find you the right one. We’ll help you understand how your home financing works for you when you close and for decades to come.

Your mortgage isn’t far away. A customized mortgage plan puts you in control with down payments and mortgage payments that make sense for your lending needs. You can take the steps to this investment in your future.

It’s your life. It’s your future. We’re here to make it happen for you.

Conventional mortgages can be the perfect match for those with a good credit history looking for a variety of down payment options and loan amounts.

These mortgages follow the lending guidelines set forth by government-sponsored enterprises like Fannie Mae or Freddie Mac. A conventional mortgage can come with super low closing costs and flexible payment options.


Highlights

  • Down payments as low as 3%
  • No mortgage insurance options
  • Low monthly mortgage insurance, if required
  • Multiple mortgage insurance payment structures available, if required

Did You Know?

There are several types of conventional mortgages

Fixed Rate

For borrowers that prefer to keep the same rate and same monthly payments throughout the duration of their mortgage, a fixed-rate mortgage may be right for you. BankSouth Mortgage offers a variety of down payment options for fixed-rate mortgages.

Adjustable Rate

This type of mortgage starts with a fixed rate for a set determined amount of time (3, 5, 7 or 10 years), with the possibility of the rate changing for the remaining life of the loan. ARMs typically offer lower initial rates and, therefore, lower initial monthly payments than fixed rate mortgages, which makes this type of mortgage ideal for borrowers who don’t plan to be in their home very long or who want to take advantage of falling interest rates without refinancing

Jumbo

Mortgages above $548,250 are considered jumbo mortgages and have special rules. Because of the large size of these loans, the interest rates tend to be higher and the approval requirements more stringent. BankSouth Mortgage offers jumbo programs with low down payments.

FHA loans offer many benefits for those seeking a low down payment with less than perfect credit. As an FHA-approved lender, BankSouth Mortgage may offer you this type of loan, which is guaranteed by the Federal Housing Administration, to provide you with more financing options.

With less restrictive qualification guidelines, these loans are designed to benefit many first-time homebuyers. In fact, some borrowers may qualify for down payment assistance. BankSouth Mortgage also offers FHA refinance products, including low documentation or streamline refinance options.

Contact a BankSouth Mortgage expert for more details


Highlights:

  • 3.5% down payments
  • Gift funds allowed for down payment
  • Higher debt-to-income ratios allowed
  • Non-occupant borrowers allowed
  • Thin or alternate credit allowed

Did You Know?

FHA also provides renovation loans! FHA’s Streamline Refinance program allows qualified FHA-insured homeowners to refinance without an appraisal.

BankSouth Mortgage is honored to offer this special financing to our country’s military personnel. VA loan programs offer favorable terms and include options to buy, build, renovate, and refinance your primary residence. Veterans and spouses may also qualify. Contact a BankSouth mortgage advisor for more details.


Highlights:

  • 100% financing options available
  • No monthly mortgage insurance
  • No borrow paid underwriting costs or lender origination fees (optional)
  • Thin or alternate credit allowed

We invite you to speak with one of our Mortgage Bankers about learning if a VA Loan or VA Renovation might be right for you.


Did You Know?

You can request proof of eligibility by contacting the VA Loan Eligibility Center (1-888-768-2131) or by having your BankSouth Mortgage Banker request this certificate on your behalf.

VA loans have a one-time Funding Fee, unless the Veteran/borrower is exempt, with no monthly fee charged.

No downpayment? No problem! Our low to no downpayment options include downpayment assistance options!

Contact a BankSouth mortgage advisor for more details.


97%

  • 3% downpayment
  • Fixed rate loan
  • Available for primary, second and investment properties

FHLB First Time Homebuyer Program

  • Up to 100% financing
  • Up to $7,500 in assistance for first time homebuyers
  • Up to $10,000 in assistance to COVID essential workers, veterans, active-duty military or surviving spouses

Georgia Dream

  • Up to $5,000 in assistance
  • Up to $7,500 for police, fire, educator and healthcare workers
  • Available for first time buyers or those who’ve not owned a home in the last three years

Mortgage Ready When You Are with ReadyLoan®

What can ReadyLoan® do for you?

Explore your mortgage options with calculators that help you understand how much you may qualify to borrow and what future payments might be look like.

Ready to look for a home? A preapproval gives you – and sellers – confidence that you’re ready for the next step.

Apply anytime and anywhere - from your phone or tablet. No waiting, No paper. No need to visit a loan office.

Submit required documents and forms through our state-of-the-art app with our encrypted and secure portal.

Check the status of your mortgage and see what steps are ahead in the process.

Securely communicate with your loan officer and agent if you have questions or need to provide other information.

Review your closing package and sign most documents prior to closing.

Apply Online

Download the App

  • App-Store
  • Google-Play

Mortgages Don’t Have To Be Scary

Buying a home is a big deal. You deserve clear language, clear timelines, and clear expectations. At BankSouth Mortgage, we believe that your lender should be on your side.

We’ll make sure you feel comfortable with your choices, confident in your decisions, and informed every step of the way.

Learn how the process will work, meet the people you’ll be working with, and get the information you need to move forward.

What Happens After I Prequalify?

Step 1

Initial Mortgage Consultation

When you begin thinking about buying a home, contact BankSouth Mortgage to get prequalified. A prequalification gives you an estimate of the size of mortgage loan you qualify for based on your credit history, income, and assets. At this time, your mortgage banker will discuss loan options, down payment requirements, and current interest rates. Simply follow this link to securely apply online. This will give your loan officer the preliminary information they need to determine your prequalification. This is also the perfect time to get set up with our electronic portal to make it easier to securely exchange documents and information throughout the mortgage process.

Step 2

Initiate Loan Application

Once you go under contract, we will provide you with an initial list of documentation needed to begin processing your loan. Quickly providing all requested documentation is essential to moving through the loan process without delays. Also, your BankSouth Mortgage expert will discuss locking in your interest rate and encourage you to get a hazard insurance quote from an insurance agent.

Step 3

Disclosures

Once we have a complete application, we will prepare a packet of disclosures for you to sign. Included in these disclosures is the Loan Estimate, which contains information on the cost of your loan. It is very important to review this closely and talk to your loan officer about any questions you may have. Revisions to your loan later on in the process may push your closing date back. It is extremely important for you to sign and return all disclosures within 24 hours from receipt. Any delay with returning your disclosures may delay your closing. Fees for your appraisal will be collected once we have received your disclosures and payment information.

Step 4

Estimated Market Value

Once you have received your Loan Estimate and disclosed your intent to proceed, BankSouth Mortgage will order your title work and appraisal. The appraisal process identifies the market value for the property. These generally take at least 10 days from the date requested to delivery. As soon as we receive the appraisal, we will provide you and your realtor* with a copy.

*We commit to providing timely and accurate information to your realtor when prior authorization is received from you.

Step 5

Loan Processing

Next, the loan moves to a loan processor, who reviews the file to ensure all the proper documentation is included. You may be contacted to provide any outstanding or additional items, and verifications of employment, etc. may be obtained. Once all the requested information is gathered, the loan will be passed on to underwriting so that a final determination can be made. By this point in the process, please try to limit changes to your contract to ensure a smooth closing.

Step 6

Underwriting

An underwriter will investigate the information in the file and make the final decision on the loan approval. Underwriting can take as little as one day and up to two weeks, depending on the type of transaction and market conditions. Because each loan is unique, it is common practice for the underwriter to request additional documentation to support what was submitted in the original file. We will notify you if additional items are needed, as well as when a final decision has been made.

Step 7

Review Your Closing Disclosure

A critical component of the loan process is YOUR confirming receipt by signing the Closing Disclosure (CD) a minimum of 3 business days before closing. This document further reviews the cost of your loan. BankSouth Mortgage makes every effort to send you this document with ample time to review. However, due to the often expedited nature of the mortgage process, you may receive this document close to the third day prior to closing deadline. As soon as you are able to review this document, it is imperative you sign and return it as quickly as possible. Signing only confirms your receipt of the CD. This integral step requires close communication with your lender to ensure an on-time closing.

Step 8

Closing!

Three days after you return your signed Closing Disclosure, you are able to close on your loan! Depending on the amount due at closing, you may need to send a wire to the closing attorney. At the closing, you and the seller will be required to sign the final loan closing documents. After the closing documents are signed, BankSouth Mortgage will wire funds for the amount of the loan to the closing agent. The closing agent will disperse the funds. The deed that transfers the title from the seller to you will be sent to the county in which the home is located to be recorded. You will receive the original deed once it has been recorded along with your owner’s title insurance policy if you purchased insurance at closing.

Resources

© Copyright 2023 - BankSouth Mortgage Company, LLC. All Rights Reserved. | Web Design by M16 Marketing