Home Mortgages To Meet Your Needs

Whether you are a first-time homebuyer or ready to refinance, we have mortgage products designed to meet your needs, and we are dedicated to keeping the process as simple as possible.  Our “in-house” underwriting, funding, and closing, and appraisers familiar with home values in your community, allow for timely processing and closing.

Regardless of the type of mortgage, your mortgage banker will:

  • Provide one-on-one service and remain dedicated to understanding your needs
  • Answer all questions you may have – putting you at ease
  • Keep you updated throughout the loan process
  • Ensure timely processing and closing

JUMP TO:

Fixed-Rate Mortgage
Adjustable Rate Mortgage (ARM)
Federal Housing Administrative (FHA) Loan 
Veterans Administration (VA) Loan
United States Department of Agriculture (USDA) Loan
First-Time Homebuyer Loan
Specialized Loans
Home Mortgage Doctor Loan


Fixed-Rate Mortgage

An option to consider if you:

  • Expect interest rates to rise in the future
  • Plan to stay in the home for an extended period of time
  • Prefer the stability of monthly payments

Features:

  • The interest rate will stay the same for the entire term of the loan, meaning your monthly principal and interest payments will remain the same for the life of the loan
  • Available in a variety of term options.

Take Into Consideration:

  • The monthly payment is typically higher on a shorter-term loan than on a longer-term loan
  • The overall interest you pay is higher on a longer-term loan than on a shorter- term loan

^ Back to Top


Adjustable Rate Mortgage (ARM)

An option to consider if you:

  • Think interest rates will fall in the future
  • Plan to stay in the home for only a short period of time
  • Expect future income growth

Features:

  • Your mortgage rate will rise and fall with the market interest rates. This means that your monthly principal and interest payments will change depending on the market interest rate at that time.
  • A low mortgage rate is provided during the initial payment period. This allows for initial payments to be lower when compared to payments of a fixed-rate mortgage. Note that after the initial payment period has expired, your mortgage rate for the loan will fluctuate to the index rate. The lender adds the index rate to a margin to calculate your mortgage rate at each adjustment.
  • This type of financing includes an interest rate cap that sets a limit on how high your mortgage rate can go. A cap limits the maximum amount your monthly payment will increase at each interest rate adjustment over the life of the loan.
  • Available in a variety of term options.

Take Into Consideration:

  • The change in payments caused by the adjustable rate.
  • Monthly payments may increase when the interest rate adjusts.
  • Monthly payments may change every year after the initial fixed period is over.

^ Back to Top


FHA Loan

A loan option offered through the Federal Housing Administration, available for all income levels, allowing for a co-applicant to help with qualification even though they will not live in the home.  An option to consider if you:

  • Expect to buy a lower priced home with a small down payment
  • Have less cash available up front for the down payment and closing costs

Features:

  • Low down payment options
  • Available in a variety of loan terms
  • Requires mortgage insurance
  • Flexible income, debt, and credit requirements
  • Down payment and closing costs may come from a gift or grant
  • Available in a variety of fixed-rate and adjustable rate loan options

^ Back to Top


VA Loan

A loan option offered through the Veterans Administration for eligible service members. Veterans must provide a veteran’s certificate of eligibility and the appraiser is assigned by the VA.Features:

  • Financing for eligible service member (veterans, reservists, active duty personnel, or eligible family members)
  • Low to no down payment options available
  • No mortgage insurance requirement
  • Flexible income, debt, and credit requirements
  • Down payment and closing costs may come from a gift or grant
  • Available in a variety of fixed-rate and adjustable rate loan options

^ Back to Top


USDA Loan

A loan option offered through the United States Department of Agriculture Rural Development. An option to consider if you:

  • Expect to buy a home in a rural area
  • Have less cash available up-front for down payment and closing costs

Features:

  • Lending up to 100% of the appraised value of the home
  • Requires a one-time Guarantee Fee that may be rolled into the loan
  • Restrictions based on income and location

^ Back to Top


First-Time Homebuyer Loan

There are specific financing options available for first time homebuyers, with benefits including:

  • Seller concessions are allowed
  • Can be used to purchase homes and condos
  • Down payment and closing costs may come from a gift or grant from a family member

Features:

  • Loan programs vary based on location
  • In many cases, first time homebuyer loans offer financial assistance to qualified buyers
  • Low to no down payment options available
  • Variety of fixed-rate mortgage terms

Take Into Consideration:

  • If you are looking to purchase very expensive home and you are a first time homebuyer, there are other financing options that might better suite your needs.
  • It is important to establish credit within the last two years.

If you are a first-time homebuyer, visit our First-Time Homebuyer guide. It will walk you through the home-buying process step-by-step and provide you with the knowledge needed to make informed and confident decisions.

^ Back to Top


Specialized Loans

Ameris Bank offers a variety of specialized loans, including construction-to-perm loans, rehabilitation loans, and reverse refinancing. Additionally, because of our partnerships with other organizations within our communities, we offer a variety of down payment assistance programs for customers who qualify.


Home Mortgage Doctor Loan

  • Up to 100% financing
  • No private mortgage insurance required
  • Loan amounts up to $1,500,000
  • Available to Residents, Fellows, MDs, Osteopaths and Dentists
  • Ability to close on your loan before employment start date. Must have employment contract and start date within 60 days of closing.
  • Learn more about our Home Mortgage Doctor Loan

^ Back to Top