Construction loan in the south

buildiva22June 9, 2012

Hello; We are building in GA, an suburb area in Cummings. For those who built in GA or surrounding area in the south, which bank did you use for construction loan? There are not too many around in the area that offer construction loan anymore. DH has talked to a few banks but we would dig into more options if there are. Thank you v much.

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mydreamhome

Try Farm Credit. It's a two time close, but they will generally work with you on that if you use Country Mortgages (their office should be right there with the Farm Credit office) for your permanent mortgage. It was smooth sailing for us--especially compared to the traditional bank options.

Hope this helps!

Here is a link that might be useful: Farm Credit Main Site

    Bookmark   June 10, 2012 at 10:38AM
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auroraborelis

If Farm Credit doesn't work try US Bank - they have some decent terms nationally.

    Bookmark   June 10, 2012 at 11:56AM
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buildiva22

thank you!!

    Bookmark   June 10, 2012 at 4:04PM
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dekeoboe

You could also try BB&T.

    Bookmark   June 10, 2012 at 6:47PM
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gaonmymind

We are using Suntrust and are in the Atlanta area.

    Bookmark   June 10, 2012 at 7:40PM
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pbx2_gw

Posted by gaonmymind (My Page) on
Sun, Jun 10, 12 at 19:40

We are using Suntrust and are in the Atlanta area.

Sorry about this but you might be waiting for 3-4 months if you haven't already with those guys.

    Bookmark   June 11, 2012 at 12:38AM
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buildiva22

Unfortunately, Farm credit didn't work for me. I called them and they only serve rural area. I will try US bank next, thank you.

    Bookmark   June 11, 2012 at 1:56PM
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auroraborelis

buildiva22 if you PM me I'll send you a referral at US Bank who I have been working with who has been very easy to work with!

    Bookmark   June 11, 2012 at 2:24PM
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buildiva22

Thanks Laura12. Just sent you a pm!!

    Bookmark   June 11, 2012 at 4:26PM
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gaonmymind

pbx2 - what do you mean...the process has been quick for me. I have caused more delay than them.

    Bookmark   June 11, 2012 at 5:26PM
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kfhl

We are using Regions Bank in FL, but I know they are in GA as well - our draws are actually serviced in AL. Some of the initial costs were more than I liked, but the longterm rates were great and the service has been fabulous. We are in Southwest Florida - smack in the middle of one of the biggest bubble areas in the country - and construction loans are almost impossible to get here so our choices were limited.

    Bookmark   June 15, 2012 at 9:37AM
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