The Best Mortgage Lenders in Commerce, GA
Compare verified mortgage lenders serving Commerce, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Commerce
Featured Mortgage Lenders
Oconee State Bank Mortgage Team
Oconee State Bank
Oconee State Bank has been serving Northeast Georgia communities for over 25 years with a strong focus on personalized mortgage lending. As a community bank with deep roots in the region, they have extensive experience serving Commerce and surrounding Jackson County areas. Their mortgage team is known for competitive rates, local underwriting decisions, and exceptional customer service. They offer a full range of loan products including specialized construction loans and government-backed programs, with loan officers who understand the local real estate market dynamics.
Loan Types:
The Mortgage Firm - North Georgia
The Mortgage Firm
The Mortgage Firm has been a trusted regional mortgage lender serving North Georgia communities including Commerce for nearly three decades. With multiple offices throughout Georgia, they combine local market expertise with extensive lending capabilities. They are particularly strong in first-time homebuyer programs and government-backed loans, offering competitive rates and streamlined processing. Their team includes experienced loan officers who understand the specific needs of Commerce area homebuyers, with a reputation for responsive communication and smooth closings.
Loan Types:
Fairway Independent Mortgage Corporation - Athens
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized mortgage lender with a strong local presence in Northeast Georgia, serving Commerce and surrounding communities. Their Athens branch has built an exceptional reputation for competitive rates, innovative loan products, and outstanding customer service. They offer a comprehensive range of mortgage options including specialized programs for veterans, rural homebuyers, and jumbo loan seekers. Known for their efficient processing and dedicated local loan officers, they consistently receive high marks for making the mortgage process smooth and understandable for Commerce area homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Commerce, GA
What are the current mortgage rates like for homebuyers in Commerce, GA?
Mortgage rates in Commerce typically align with national averages but can vary based on local lender competition and property types. Currently, rates for 30-year fixed mortgages in the Commerce area range from the mid-6% to low-7% range, with local credit unions like Peach State Federal Credit Union often offering competitive rates. It's wise to compare rates from both local and national lenders serving Jackson County.
Are there any first-time homebuyer programs specifically available in Commerce?
Yes, Commerce homebuyers can access Georgia's DreamHome Mortgage Program, which offers affordable fixed-rate financing with down payment assistance. Additionally, the Georgia Department of Community Affairs provides the CHOICE program, which is particularly helpful in Jackson County markets like Commerce. Local lenders familiar with these programs can help you determine eligibility based on income and property location.
How does Commerce's rural location affect mortgage options?
Commerce's location in Jackson County makes some properties eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This can be particularly advantageous for homes in the surrounding rural areas of Commerce. However, properties within the city limits may not qualify, so it's important to verify specific property eligibility with your lender.
What special considerations should I know about when getting a mortgage for Commerce's older housing inventory?
Many homes in Commerce's historic districts and older neighborhoods may require additional inspections and potentially FHA 203(k) rehabilitation loans if significant repairs are needed. Lenders in the area often require thorough foundation, plumbing, and electrical inspections for properties built before 1980. Working with a local lender experienced in Commerce's housing stock can help navigate these requirements.
How competitive is the mortgage lending market in Commerce, and what local lenders should I consider?
Commerce benefits from a competitive lending environment with several strong local options including Community Bank & Trust and First Commerce Bank, both deeply familiar with the local market. Additionally, regional lenders like Synovus and local credit unions actively serve the area. This competition often results in more flexible underwriting and personalized service for Commerce homebuyers.
Why Choose a Mortgage Lender in Commerce?
Local Market Knowledge
Lenders who understand Commerce's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Georgia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Commerce and get competitive rates on your home loan.