The Best Mortgage Lenders in Savannah, GA
Compare verified mortgage lenders serving Savannah, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Savannah
Featured Mortgage Lenders
Mortgage Department
First Community Bank of Savannah
First Community Bank of Savannah stands out as a premier local mortgage lender with deep roots in the Coastal Georgia community. As a community bank founded and headquartered in Savannah, they offer personalized service and local decision-making that national lenders can't match. Their mortgage team has extensive experience with the unique Savannah real estate market, including historic district properties and coastal lending considerations. Customers consistently praise their responsive communication, competitive rates, and smooth closing process. With 25 years of serving Savannah homeowners, they've built a reputation for reliability and exceptional customer care.
Loan Types:
Mortgage Loan Officers
PrimeLending
PrimeLending's Savannah branch has established itself as one of the top mortgage providers in the Coastal Georgia region. They combine the resources of a national lender with local expertise and personalized service. Their team specializes in navigating the unique aspects of Savannah's diverse housing market, from downtown historic homes to new construction in developing areas. Customers frequently highlight their competitive rates, efficient processing, and knowledgeable loan officers who guide borrowers through every step. With strong relationships throughout the local real estate community, they're known for reliable closings and exceptional customer satisfaction.
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Savannah Mortgage Team
Guild Mortgage
Guild Mortgage's Savannah location has built an outstanding reputation for serving homeowners throughout Chatham County and surrounding areas. They're particularly noted for their expertise with government-backed loans (FHA and VA), making them a top choice for military families and first-time homebuyers. Their local team understands the specific requirements of Savannah's historic districts and coastal property lending. Reviews consistently praise their transparent communication, thorough explanation of options, and ability to handle complex loan scenarios. With corporate backing from a mortgage specialist with over 60 years of industry experience, they offer both stability and innovative lending solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Savannah, GA
What are the current average mortgage rates in Savannah, GA?
Mortgage rates in Savannah typically align with national averages but can be slightly influenced by local economic factors like the port and tourism industry. As of late 2023, rates for a 30-year fixed mortgage in Savannah generally range from 6.5% to 7.5%, but it's crucial to shop around with local lenders as credit score, loan type, and down payment significantly impact your actual rate.
Are there any first-time homebuyer programs specific to Savannah?
Yes, Savannah homebuyers can utilize Georgia's statewide "Georgia Dream Homeownership Program," which offers down payment assistance and competitive interest rates. Additionally, the City of Savannah sometimes offers its own programs or grants, so it's worth checking with local housing authorities or a Savannah-based mortgage lender who specializes in these opportunities.
How does Savannah's historic district affect the mortgage process?
Purchasing a home in Savannah's Historic District often requires additional steps. Lenders may require specialized inspections for older homes and might have stricter appraisal requirements. You should also inquire if your lender has experience with historic properties, as some renovation loans or specific mortgage products might be better suited for preserving these unique homes.
What unique closing costs should I expect when buying a home in Savannah?
In addition to standard closing costs, Savannah homebuyers should budget for Georgia's one-time real estate transfer tax, which is typically $1 per $1,000 of the sale price. Depending on the neighborhood, you might also encounter specific city or county fees, and if you're in a flood zone (common in parts of Savannah), higher insurance costs which can impact your monthly payment.
How do I find a mortgage lender familiar with Savannah's market?
Look for local lenders or mortgage brokers with physical offices in Savannah, as they'll have the most insight into neighborhood-specific trends, local programs, and common issues like flood insurance. Real estate agents who are active in the Savannah market can also provide excellent referrals to lenders who understand the nuances of financing homes in the Hostess City.
Nearby Cities
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Why Choose a Mortgage Lender in Savannah?
Local Market Knowledge
Lenders who understand Savannah'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 Savannah and get competitive rates on your home loan.