About our Services

Georgia Banking Company Mortgage Lending (GBC Mortgage) is a state chartered, commercial bank based out of Atlanta, GA.

We offer mortgages and home financing in 49 states and the District of Columbia. Capitalized far above regulatory requirements, Georgia Banking Company is a professional organization that emphasizes honesty and integrity above profit and return on investment. GBC understands that mortgage lending is about serving people and helping their dreams come true. Managed and staffed by highly trained mortgage professionals, GBC is committed to providing great rates and low closing costs with exceptional customer service. Our web-based technology provides all the tools you need to find a mortgage loan, home equity line of credit or refinance with the best rate, terms and payment, all in a safe and secure online environment. We can also assist you in selecting the right mortgage loan for your needs with personalized service. We are ready to advise you and answer your questions!

Types of Loans

Conventional Fixed Rate Mortgage
The conventional fixed rate mortgage has a constant interest rate and monthly payments that never change. This option allows you to lock in the rate for the life of your loan. If your loan amount exceeds 80% of the value of your home, you are required to obtain private mortgage insurance on the loan.

Conventional Adjustable Rate Mortgage
The conventional adjustable rate mortgage has an interest rate tied to a margin and index and the rate and monthly payment can change over the life of the loan. Some adjustable rate loans offer an initial fixed rate period, typically from 3-10 years. At the end of this fixed rate period, the interest rate then adjusts on an annual basis for the remaining term of the loan. If your loan amount exceeds 80% of the value of your home, you are required to obtain private mortgage insurance on the loan.

FHA Mortgage
FHA loans are insured by the Federal Housing Administration, a division of the Department of Housing and Urban Development. These loans are available with either fixed or adjustable interest rates. FHA products may require as little as a 3.5% down payment and they typically offer more flexible underwriting criteria than conventional loans.

VA Mortgage
VA loans are special loans available only to active duty military and veterans. Eligible borrowers can finance up to 100% of the purchase price of a new home. VA loans are available only with fixed interest rates.

USDA Rural Guarantee Mortgage
This US Government guaranteed loan offers 100% financing to eligible borrowers purchasing homes in USDA-identified rural areas. This loan program offers flexible guidelines for borrowers and properties that meet USDA guidelines.

HELOC
A HELOC is a Home Equity Line of Credit that is backed by your home and allows you to borrow as much as you need up to your approved credit limit over a specified time period, with variable interest. You can pay down the loan balance, and borrow funds again until the draw period ends.

Second Mortgage
A second mortgage is a junior-lien taken out using your home as collateral, which is subordinate to a more senior mortgage or loan, also known as a first mortgage. For lien positioning, the second mortgage falls behind the first mortgage.