Ameris Bank - Destin, 30A and Panama City Beach Florida Mortgage Lender. Click Here for more Info
Servicing Florida's Panhandle, Destin, Miramar Beach, Santa Rosa Beach, Panama City, Okaloosa, Walton, Bay, Santa Rosa, & Escambia Counties.
We offer a menu of loan products:
Jumbo Loans: Fixed & Adjustable
Second Homes and Investment Properties
Renovation Loans: for a purchase or refinance (One closing then repairs begin)
Condominium Loans for: Warrantable, Non Warrantable & Condotels
FIXED-RATE MORTGAGEThe interest rate will stay the same for the entire term of the loan. This means that your monthly principal and interest payments will remain the same for the life of the loan. A fixed-rate mortgage is available in a variety of term options.
Fixed-Rate Mortgage Features
ADJUSTABLE RATE MORTGAGE (ARM)The interest rate will increase and decrease periodically to reflect market conditions. This means that your monthly principal and interest payments will change depending on the market interest rate at that time.
ARM Features
FHA LOANA FHA Loan is offered through the Federal Housing Administration. This financing option is available for all income levels and allows a co-applicant to help you qualify even though they will not live in the home.
FHA Loan Features
VA LOANA VA Loan is offered through the Veterans Administration for eligible service members. Eligible service members include veterans, reservists, active duty personnel, or family members.
VA Loan Features
SPECIALIZED LOANSAmeris Bank offers several specialized loans including Ameris Bank portfolio loans, construction to perm loans, renovation loans, reverse mortgages and jumbo loans. Contact your Mortgage Banker for more information about the specialized loans Ameris Bank offers.
MEDICAL PROFESSIONAL LOANThe Ameris Bank Medical Professional Loan provides more flexible underwriting guidelines compared to a conventional mortgage loan. Because of the unique needs of medical professionals, we take into account the needed flexibility surrounding student loan debt, time on the job, and down payment.
Benefits of a Medical Professional Loan
We offer a menu of loan products:
Jumbo Loans: Fixed & Adjustable
Second Homes and Investment Properties
Renovation Loans: for a purchase or refinance (One closing then repairs begin)
Condominium Loans for: Warrantable, Non Warrantable & Condotels
FIXED-RATE MORTGAGEThe interest rate will stay the same for the entire term of the loan. This means that your monthly principal and interest payments will remain the same for the life of the loan. A fixed-rate mortgage is available in a variety of term options.
Fixed-Rate Mortgage Features
- Fixed interest rate.
- Fixed monthly payments.
- Variety of term options available.
- The length of the loan term, which will affect the payment amount and how much you pay in interest over the long-run.
- The monthly payment is typically higher on a shorter-term loan than on a longer-term loan.
- The overall interest you pay is higher on a longer-term loan than on a shorter-term loan.
ADJUSTABLE RATE MORTGAGE (ARM)The interest rate will increase and decrease periodically to reflect market conditions. This means that your monthly principal and interest payments will change depending on the market interest rate at that time.
ARM Features
- A low mortgage rate is provided during the initial payment period. After the initial payment period expires, your mortgage rate for the loan will fluctuate to the index rate.
- The lender adds the index rate to a margin to calculate your mortgage rate at each adjustment.
- An interest rate cap sets a limit on how much your mortgage rate can shift up or go down, which also limits the maximum amount your monthly payment will increase or decrease at each interest rate adjustment over the life of the loan.
- Variety of term options available.
- When choosing the loan term, you should consider how the adjustable rate will affect your mortgage payments over time.
FHA LOANA FHA Loan is offered through the Federal Housing Administration. This financing option is available for all income levels and allows a co-applicant to help you qualify even though they will not live in the home.
FHA Loan Features
- Low down payment options available.
- Flexible income, debt and credit requirements available.
- Down payment and closing costs may come from a gift or grant.
- Typically requires mortgage insurance.
- Variety of loan terms available.
- Available in fixed-rate and adjustable rate options.
- This may be a good option if you expect to buy a lower priced home with a small down-payment.
- The cash needed up-front for the down-payment and closing costs may be less.
VA LOANA VA Loan is offered through the Veterans Administration for eligible service members. Eligible service members include veterans, reservists, active duty personnel, or family members.
VA Loan Features
- No down payment required.
- Flexible income, debt and credit requirements available.
- Down payment and closing costs may come from a gift or grant.
- No mortgage insurance requirement.
- Available in fixed-rate and adjustable rate options.
- This option is available to eligible service member (veterans, reservists, active duty personnel, or eligible family members).
- Your down payment and closing costs may come from a gift or grant
SPECIALIZED LOANSAmeris Bank offers several specialized loans including Ameris Bank portfolio loans, construction to perm loans, renovation loans, reverse mortgages and jumbo loans. Contact your Mortgage Banker for more information about the specialized loans Ameris Bank offers.
MEDICAL PROFESSIONAL LOANThe Ameris Bank Medical Professional Loan provides more flexible underwriting guidelines compared to a conventional mortgage loan. Because of the unique needs of medical professionals, we take into account the needed flexibility surrounding student loan debt, time on the job, and down payment.
Benefits of a Medical Professional Loan
- Up to 100% financing.
- No private mortgage insurance required.
- Loan amounts up to $1,500,000.
- Available to MDs, DOs, Dentists, Pharmacists, Veterinarians and Physician Assistants (including Residents and Fellows).
- Ability to close your loan before employment start date. Must have employment contract and start date within 60 days of closing.
- Primary residence only.
- Establish a relationship with Ameris Bank: open a personal checking account and set up mortgage payments to auto-draft from account monthly.
- May not be out of residency/fellowship more than 10 years.
- Other eligibility requirements apply.
