About Team KW
Reviews
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
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 Mortgages
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.
VA Home Loans
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.
Low to No Down Payment
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?
Estimate what you can afford
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.
Get preapproved for a loan
Ready to look for a home? A preapproval gives you – and sellers – confidence that you’re ready for the next step.
Easily Apply for Your Mortgage
Apply anytime and anywhere - from your phone or tablet. No waiting, No paper. No need to visit a loan office.
Securely submit, review and sign
Submit required documents and forms through our state-of-the-art app with our encrypted and secure portal.
Track your loan progress
Check the status of your mortgage and see what steps are ahead in the process.
Stay in touch
Securely communicate with your loan officer and agent if you have questions or need to provide other information.
Close quickly, enjoy your home sooner
Review your closing package and sign most documents prior to closing.
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.