New Home Mortgage Program Provides Greater Security to Georgia Homebuyers if They Have to Sell at a Loss, Empowering Them to Buy With Confidence
ATLANTA, October 4, 2017 – BankSouth Mortgage today introduced BankSouth Mortgage +Plus, an innovative product that gives Georgia homebuyers greater control by protecting their down payment against potential future drops in market prices. Included as a feature of BankSouth Mortgage +Plus loans, +Plus SM down payment protection enables homebuyers to buy with confidence knowing that they can recover up to their full original down payment should they need to sell their home in a down market.
With BankSouth Mortgage +Plus, if the local real estate market is down when the homeowner needs to sell their home, within 2-7 years, they will still be reimbursed by ValueInsured up to the full amount of their down payment if all program requirements are met.
“We’re always looking for ways to better meet our customers’ needs and enable them to buy homes in ways that are most rewarding to them,” said Kim Nelson, CEO of BankSouth Mortgage. “With BankSouth Mortgage +Plus, we’re able to provide our customers more security and flexibility when buying their dream home.”
“As a leading lender in the Georgia market, we’re excited to have BankSouth Mortgage join our team of forward-thinking lenders and provide their customers with our +Plus down payment protection,” said Joe Melendez, CEO of ValueInsured, the provider of +Plus down payment protection. “By offering their customers this next-generation mortgage program, BankSouth Mortgage is empowering them to invest in the Georgia housing market with greater security should they have to sell at a loss.”
BankSouth Mortgage +Plus is available now. To purchase a home with BankSouth Mortgage +Plus, please call (678) 551-7120 or visit: www.banksouthmortgage.com/plus.
About BankSouth Mortgage
BankSouth Mortgage, headquartered in Atlanta, Georgia, is a top new construction mortgage provider in Georgia and was voted the 2016 “Lender of the Year” by Atlanta Agent Magazine. The retail mortgage arm offers premier mortgage products and services with 10 locations and wide area network of strategically placed “best in class” mortgage bankers in the southeast. It is backed by BankSouth, a community bank headquartered at Lake Oconee with over $500 million in assets serving customers locally as well as in the Athens, Atlanta and Savannah areas. BankSouth has been continuously recognized as one of the top performing community banks in the nation.