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JD MORTGAGE® connects you with lenders who want to help you build a new home or renovate an existing property. We find the lenders that offer terms specially tailored to your goals.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your construction financing needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
Georgia has been an economic powerhouse in the southern United States for many years. With a strong economic base in Atlanta, the state is home to many large corporations and small businesses.
With all this economic activity, it’s no surprise that the state is growing and housing prices are increasing. The state’s average sales price is $406,102 according to the Georgia Realtors Association. The state is doing so well that it has one of the lowest foreclosure rates in the nation as homeowners are able to consistently make their mortgage payments. In fact, homebuyers are making real estate moves in one of the fastest and most competitive markets, which is why many are looking beyond conventional loans.
For some homeowners, construction loans are becoming more and more common as they consider the benefits of building a new home or renovating an older home compared to buying in the hot real estate market. Rather than negotiating with a seller, you could be coordinating with an architect on creating blueprints for a custom home. Kick off your construction project quickly with a lender, down payment, and home construction loan. As a borrower, you’ll look for the perfect place to build and get a short term construction loan to build your dream home.
When finding the right construction lender, it’s important to work with a loan officer that has experience in construction loans. You don’t want to work with someone who mainly focuses on traditional mortgages as construction loans are a different animal entirely. We have a network of battle tested construction loan officers with experience overseeing thousands of new homes.
There are many benefits in getting a new construction loan in Georgia. The main benefits are that you can choose the land and exact build you want. You also will have a lot of control over the process. Best of all, getting a construction loan will align a powerful bank behind your interests. Once the loan is signed, the bank is just as incentivized as you are to get the home constructed.
Before choosing a lender, there are some things to keep in mind when looking for a new construction loan in Georgia:
First, it’s important to compare the rates and terms from different lenders. This can be a significant factor in determining which lender is the best fit for your project. Some lenders may offer lower interest rates, but their terms may be less favorable. Others may have more flexible terms, but their interest rates may be higher. It’s crucial to weigh each lender’s pros and cons before deciding.
Second, you’ll want to consider how quickly you need the money and whether the funds will be available when necessary. Most lenders fund construction loans through a series of draws with bank inspections throughout the process. You’ll want to make sure the bank’s expectations of the fund disbursements match up with your construction plans.
If you’re looking for a credit union to finance your construction loan, Georgia’s Own Credit Union is an option to consider. As a not-for-profit financial institution owned by its members, you may find lower fees with a credit union.
Recently we asked Georgia’s Own Credit Union to provide us with details on their construction loan and this is what they said:
When you’re ready to connect with a loan officer, use our form to quickly match with construction loan programs based on your specific circumstances.
Ameris Bank is a full-service bank in Georgia and many surrounding states in the southeastern United States. Not surprisingly, they offer a construction financing product to assist you in building a new home.
We contacted Ameris Bank to learn more about their construction loan. Here are the highlights:
When you’re ready to connect with a loan officer, use our form to quickly match with construction loan programs based on your specific circumstances.
Century Bank of Georgia is a local bank in the state that has a long history with Georgia consumers and businesses. They also understand the demand from Georgians to build homes and offer a construction loan to satisfy that demand.
The construction loan product offered by Century Bank of Georgia is unique in that it is available for second homes, vacation homes or investment properties. We contacted them to learn more:
When you’re ready to connect with a loan officer, use our form to quickly match with construction loan programs based on your specific circumstances.
Wintrust Mortgage is one of the top 20 bank-owned retail mortgage originators in the country that originates in excess of $4 billion in loans annually in all 50 states.
Recently we asked Wintrust Mortgage to provide us with details on their construction loan and this is what they said:
When you’re ready to connect with a loan officer, use our form to quickly match with construction loan programs based on your specific circumstances.
CBC Bank is a local bank in Georgia started in 1929 as a state charter bank in Hahira, Georgia. The bank still serves Lowndes County and other areas in southern Georgia.
We noticed that CBC Bank offers a construction loan and so we reached out to them to learn more. Here are more details about their construction loan:
When you’re ready to connect with a loan officer, use our form to quickly match with construction loan programs based on your specific circumstances.
If you’re not yet ready to build, you may consider a land/lot loan to secure your piece of property before you commit to a full construction loan.
If you’re not willing to manage the construction process and wait 6-18 months before you can move into your new house, you also might be better off pursuing a traditional mortgage and buying an existing structure.
There used to be a time when getting a construction loan was challenging. Lenders were hesitant to give out money to people who wanted to build homes since there was always the risk that the project would never be completed. But those days are gone. These days, lenders are more than happy to issue construction loans, as long as you can prove that you’re a good credit risk.
Click on another state to find the best construction loan lenders in that state.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
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