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9 best mortgage lenders in Georgia

If you’re house hunting, here are the Peach State’s shining mortgage stars.

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From Atlanta to Augusta and Athens to Okefenokee, Georgia has some of the country’s most attractive real estate markets. If you’re thinking about planting some roots in the southeast, start by comparing the best mortgage lenders in Georgia.

Best Georgia mortgage lenders in 2020

Why we selected these lenders

The nine lenders on this list were chosen based on several factors, including their fees, interest rates, loan amounts, mortgage options and minimum requirements. We also weighed customer reviews from Trustpilot, Zillow, WalletHub and the Better Business Bureau (BBB), among other sites. Read more about Finder’s rating methodology.

Best online experience

Better.com

Better.com logo
Go to site
at Better.com's secure site
Read review
620
Min. credit score
3%
Min. down payment

Most of the major mortgage lenders in Georgia have full-featured websites, but few of them are as intuitive as Better Mortgage’s online experience. Regardless of whether you use a laptop or smartphone to access Better’s website, you’ll likely find it easy to use.

And aside from Better’s web presence, this mortgage lender also provides home loans that don’t require you to pay an origination fee. Plus, Better can price-match competitors in case a different lender offers you a better deal.

  • Excellent interface. Better’s website features an intuitive layout that looks great on screens of all sizes.
  • Price-matching. If another lender extends you a more enticing offer, Better will match the lower price or give you $100.
  • Not as many fees. Better won’t charge you to process your application or originate your loan.
  • Limited home loans. Better doesn’t offer some common types of mortgages, including VA and USDA home loans.
  • No physical locations. Better only exists on the Internet, so you can’t meet with a loan officer in person.
  • No standalone app. Despite Better’s polished website, this lender doesn’t offer a mobile app.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA
Fees Better doesn’t charge origination fees, but you can expect to pay other third-party fees for appraisal, title services, recording changes, etc.

Best for a wide range of credit scores

Rocket Mortgage

620
Min. credit score
3%
Min. down payment
If your credit score isn’t anything to write home about, you could run into trouble when trying to buy a home in Georgia. Fortunately, Rocket Mortgage by Quicken Loans has flexible requirements that put homeownership in reach for borrowers with below-average credit scores. Even if your FICO score is 580, you can still qualify for a home loan through Rocket Mortgage. And this lender also offers home loan options you won’t find with some of the regional lenders on this list.
  • More control. Rocket Mortgage offers flexible terms on home loans, giving you more control over your monthly payment.
  • No prepayment penalty. Some lenders charge a fee if you manage to pay off your mortgage earlier than expected, but Rocket Mortgage doesn’t charge fees of this kind.
  • Rapid service. You could earn a conditional prequalification in minutes, and your loan could close in less than a week.
  • Significant deposit. Rocket Mortgage charges a $400 to $750 fee to process your mortgage.
  • Some loans aren’t available. You’ll have to look elsewhere if you want a loan for construction or a mobile home.
  • Exclusively online. Rocket Mortgage doesn’t have any brick-and-mortar branches. If you’re hoping for in-person service, this likely isn’t the lender for you.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Jumbo: 700
Minimum down payment 3%
States available Available in all states
Fees Rocket Mortgage charges a one-time “good faith deposit” on its home loans, payable by credit or debit card. A $400 to $750 fee covers your credit report, a home appraisal and loan processing fees.

Your deposit is refundable after you close your loan with Rocket Mortgage. It’s subtracted from your closing costs, so you pay less overall for your mortgage.

0.5%–1% origination fee.

Best for low rates

Bank of America

620
Min. credit score
3%
Min. down payment

A low-interest rate is among the most important factors hopeful homeowners look for when choosing a lender. And in the state of Georgia, Bank of America (BoA) offers some of the lowest rates available.

By locking in a low rate with BoA at the right time, you could save tens of thousands of dollars over the life of your loan. And as one of the country’s oldest and largest financial institutions, this lender has more than 100 years of experience helping customers.

  • Strong interest rates. BoA offers lower interest rates than most other lenders in Georgia.
  • Accepts alternative credit data. If you don’t earn a steady salary month after month, BoA will consider your rent and utility payments when deciding whether you qualify for a loan.
  • Discounts for banking customers. If you have an existing account with BoA, you could be eligible to save up to $600 on loan origination.
  • Questionable customer service. According to review sites, BoA doesn’t have the best customer service in the industry.
  • Scandalous past. Following the 2008 financial crisis, this lender had to pay $76 billion for misleading borrowers about their mortgages.
Loan types Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
FHA: 600
Minimum down payment 3%
States available Available in all states
Fees Expect fees to include origination, appraisal, title charges, closing fees and state taxes.

Ask your loan consultant for the specific fees associated with your pending loan, and keep an eye out for additional fees in your loan documentation.

Best regional lender

Delta Community Credit Union

Delta Community Credit Union logo
640
Min. credit score
3%
Min. down payment
Founded in 1940 by eight Delta Air Lines employees, the Delta Employees Credit Union has since evolved into the Delta Community Credit Union and grown to become the largest credit union in all of Georgia. In addition to a full suite of banking services, the Delta Community CU also offers mortgages. And compared to other lenders headquartered in Georgia, few of them can hold a candle to this esteemed institution.
  • 100% financing loan. If you don’t have adequate funds for a down payment — but you do have a credit score above 720 — this lender may still approve you for a home loan.
  • Other mortgage types. In addition to conventional, jumbo and refinance mortgages, this lender also offers land lot loans, second mortgages, home equity loans and lines of credit.
  • First-time homebuyer program. This program for first-time homebuyers features competitive rates, no origination fee and a down payment as low as 3%.
  • Above-average credit required. Most lenders will approve loans for applicants with a credit score of 620, but Delta Community Credit Union requires a score of 640 or higher.
  • Must work with a loan officer. You can’t complete the mortgage application without working with a loan officer.
  • Limited loan types available. Delta Community Credit Union doesn’t offer any government-backed mortgages, including FHA, VA, USDA, bridge, agriculture and rehab loans.
Loan types Conventional, Jumbo, HELOC, Refinance
Minimum credit score 640
Minimum down payment 3%
States available AL, AZ, CA, CO, DC, FL, GA, IN, KY, MA, MD, MN, NC, NY, OH, SC, TN, TX, UT, VA
Fees Delta Community Credit Union charges appraisal fees on all home loans and origination fees for all mortgage programs except land lot loans, first-time homebuyer loans and first-mortgage no-origination-fee loans.

Most popular lender

Ameris Bank

Ameris Bank logo
620
Min. credit score
3%
Min. down payment
Founded in 1971 as American Banking Company, Atlanta-based Ameris Bank now has more than 200 branches across the Southeast. Ameris is wildly popular with homeowners in and around Georgia, and the company prides itself on making the mortgage process easy for customers. This bank offers several perks you won’t find with other local lenders on this list.
  • Down-payment assistance. Ameris can make homeownership more attainable by reducing — or eliminating — your down payment.
  • Good for first-time homebuyers. Ameris offers two types of loans for first-time homebuyers, and if you qualify, you might not have to make a down payment.
  • Specialized loans. Besides offering standard types of home loans, Ameris also provides mortgages for medical professionals and unique situations.
  • Mixed reviews. Ameris has an impressive rating of 4.93 out of 5 on Zillow, but it’s only rated 1.6 out of 5 on WalletHub.
Loan types Conventional, Jumbo, Home Equity/HELOC, FHA, VA, USDA, Reverse, Refinance
Minimum credit score Conventional:620
FHA: 580
Minimum down payment 3%
States available Only available in: AL, FL, GA, MD, NC, SC, TN, VA
Fees Ameris Bank charges an origination fee that includes charges for underwriting and documentation preparation, among other expenses.

Best for refinancing

AmeriSave

620
Min. credit score
3%
Min. down payment
Based in Atlanta, AmeriSave stands out from the other lenders on this list because it’s more focused on refinancing loans than processing conventional mortgages. As long as your home’s current value is greater than the amount still owed on the mortgage, AmeriSave can likely refinance your loan at a lower interest rate. AmeriSave also has a smooth online experience and mostly positive reviews, making it an excellent choice for homeowners looking to save money.
  • Strong reviews. As of October 2020, AmeriSave is rated 4.2 out of 5 on TrustPilot and 4.8 out of 5 on Zillow.
  • Cash-out refinances. As long as you have at least 20% equity in your home, you can borrow against its value to consolidate debt, pay off student loans or undertake home improvement projects.
  • Solid mobile experience. AmeriSave’s website allows you to upload and sign documents, even from your smartphone.
  • Must speak to a loan officer. You can provide information and upload documents online, but you’ll have to work with a representative to finalize the loan process.
  • $500 application fee. AmeriSave charges a $500 application fee that you may not be able to get refunded if you don’t finish the application process.
  • No home equity options. No home equity loans or lines of credit.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
FHA: 600
Minimum down payment 3%
States available Not available in: NY
Fees AmeriSave charges $500 for applying as part of the origination fee.

Best for first-time homebuyers

Freedom Mortgage

620
Min. credit score
3%
Min. down payment
Buying your first home can seem like an enormous undertaking if you’re unsure about where to begin. But the team at Freedom Mortgage might be able to make the process easier than you imagined. This lender offers FHA loans for first-time homebuyers — even those with bad credit or low-to-moderate income levels.
  • Good for first-time buyers. Freedom Mortgage’s FHA loans for first-time homebuyers have reduced requirements that help make homeownership more attainable.
  • Bad credit OK. Applicants with credit scores as low as 540 can still get approved for a mortgage.
  • Good for gig workers. If you’re a freelancer or someone whose income fluctuates from one month to the next, Freedom Mortgage may still approve you for a loan.
  • Few Georgia branches. Freedom Mortgage only has a handful of physical locations in the state.
  • Can’t apply online. You must contact a loan officer to apply for a mortgage.
  • No home equity options. This lender doesn’t currently offer home equity loans or lines of credit.
Loan types Conventional, Jumbo, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
FHA: 540
VA: 580
USDA: 640
Minimum down payment 3%
States available Available in all states
Fees While not listed, expect to pay about 2% to 5% of your home’s total price in fees, including origination, application and third-party fees.

Best for customer service

Guaranteed Rate

620
Min. credit score
3%
Min. down payment

It’s always nice to score a low interest rate or qualify for reduced fees when getting a mortgage, but quality customer service can be even more critical. And when it comes to mortgage lenders in Georgia, Guaranteed Rate might offer the best customer service in the state.

Based on roughly 11,000 reviews on Zillow, Guaranteed Rate has an exceptional score of 4.96 out of 5. And besides offering world-class support, this lender also offers some of Georgia’s most attractive mortgage rates.

  • Low rates. Compared to other Georgia lenders, Guaranteed Rate offers some of the lowest interest rates in the state.
  • Transparency. Guaranteed Rate’s website spells out everything this lender considers when determining rates.
  • Excellent reviews. Guaranteed Rate’s customer reviews are overwhelmingly positive, and most borrowers report that the company’s online representatives are incredibly helpful.
  • Not good for bad credit. To qualify for Guaranteed Rate’s best terms, you must have a credit score of at least 620.
  • No chat support. Guaranteed Rate offers support via phone and email, but it doesn’t provide live chat like some other lenders.
  • In-person support is lacking. Customers love Guaranteed Rate’s online support, but several borrowers have posted negative comments about loan officers who work in local branches.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
Other mortgages: As low as 580, depending on type
Minimum down payment 3%
States available Available in all states
Fees Appraisal, credit report, flood certification, state taxes and title insurance

Best marketplace

LendingTree

LendingTree logo
Go to site
at LendingTree's secure site
Read review
620
Min. credit score
3%
Min. down payment
Unlike the other names on this list, LendingTree is a mortgage marketplace that can instantly give you an overview of several Georgia lenders all at once. After answering a few questions on LendingTree’s website, you’ll be presented with a list of lenders and their mortgage rates, making it easy for you to quickly determine which companies are the best match for your needs. LendingTree can save you a considerable amount of time when shopping for a mortgage in Georgia, but it also shares your contact details with solicitors — so be ready for some potentially unwanted calls and emails.
  • Hundreds of lenders. There are more than 500 lenders featured on LendingTree’s marketplace.
  • No fees. LendingTree doesn’t require you to pay anything to use its platform, and the lenders on the site won’t ask you to make any upfront payments.
  • Alerts about lower rates. LendingTree can notify you when mortgage rates in Georgia drop to lower levels.
  • Unwanted calls and emails. By agreeing to use LendingTree, you give the company permission to share your contact details with third-party mortgage providers, some of which may contact you via phone or email.
  • Impact on credit score. LendingTree conducts hard inquiries on your credit report that will temporarily reduce your credit score by a few points or more.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment 3%
States available Available in all states
Fees Expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees.

Which lender is best for me?

There are hundreds of mortgage lenders in Georgia, and choosing the right one can feel overwhelming. To help you narrow down your options, keep these tips in mind:

  • Check reviews. If you’re unsure about a particular lender, read recent reviews to see what previous customers experienced.
  • Collect more than one preapproval. By collecting several estimates, you’ll have more leverage when dealing with lenders.
  • Always bargain. Never accept an offer without trying to talk the lender down to a lower rate.
  • Don’t skim the paperwork. Read every word of the loan agreement before signing it, and ask questions to clarify anything unclear to you.

Compare mortgage lenders

Name Product Loan products offered State availability Min. credit score
Better.com
(NMLS #330511)
Better.com
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
620
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
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Compare up to 4 providers

Average rates and fees in Georgia

As of October 15, 2020, the average mortgage rate in the US is 2.81%, but it’s currently slightly higher in Georgia. According to the Consumer Financial Protection Bureau (CFPB), the mortgage rate on 30-year fixed-rate mortgages in Georgia averages 3%.

And while closing costs in the US typically range between 2% and 5%, closing costs in Georgia averaged only 1.58% of the sales price according to 2019 data from ClosingCorp. Continue researching mortgage rates in Georgia or compare closing costs in Georgia for more information.

Should I use a broker?

Aside from LendingTree, this list only features direct lenders in Georgia because they’re the only ones that can approve and finance home loans. If you’d like someone to research your options for you, you might consider working with a broker. Be careful, though, because not all brokers have your best interests in mind.

While most brokers are trustworthy, some may attempt to charge you unnecessary fees that go straight into their pockets. To find the best brokers in Georgia, compare their rates and read customer reviews to ensure you’re dealing with someone you can trust.

Bottom line

There’s something to like about each of the best mortgage lenders in Georgia, but not all of them will be a perfect match for you. Consider your unique needs, then choose the lender best suited to meet them. Start the application process today, or continue exploring your mortgage options.

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