Capital City Home Loans Grows in Millennial Markets

June 11, 2015, Lawrenceville, GA – A growing Southeastern millennial housing market led Capital City Home Loans to expand its reach, opening new branch locations in both Athens, GA and Clemson, SC. Capital City Home Loans continues to increase its foothold by offering an extensive menu of loan products and services, including the Zero Down Payment program for homebuyers with limited starting funds.

In the last year, both Athens and Clemson have experienced encouraging job growth. With the busy house-hunting season in full swing, Capital City Home Loans recognized a need to build additional branches in these growing areas of Georgia and South Carolina. For residents living in Athens and surrounding areas, a new office is led by Mortgage Banker Mike Paulk. The Clemson branch is now open, and is led by Mortgage Banker Kathryn Holbrooks.

“Expanding our market share in both Georgia and South Carolina has given us a greater competitive edge, with customers and business partners alike” says Alex Koutouzis, President and Managing Partner of Capital City Home Loans. “But more importantly, these two additional branch offices will allow us to better serve these communities and their residents in Georgia and South Carolina more efficiently.”

Athens and Clemson both have large universities, and as a result, a growing population of younger homebuyers. The Zero Down Payment program has been a significant launch for Capital City Home Loans, allowing customers to purchase a home without a down payment.  For first-time homebuyers, the program encourages millennial shoppers to enter the housing market. To qualify for this program — which is available on fixed-rate mortgages — shoppers must have a credit score of at least 640, have 115% of the HUD median income available to qualify and complete a homebuyer education course.

Capital City Home Loans has a long and varied list of lending products available in addition to the Zero Down Payment program, including construction permanent, VA loans, doctor and dentist loans, extended rate locks, first-time homebuyer loans, self-employment loans, in-house niche and portfolio products, to name a few.

In addition, Capital City Home Loans has over 20 additional branch locations throughout the North and South Carolina, Florida, Georgia, Tennessee, and Virginia. Homeowners and buyers in Athens and the surrounding areas are encouraged to call 706.424.2275 to set an appointment with a mortgage specialist or visit the Capital City Home Loans office at 1057 Baxter Street, Athens, GA 30606. The Clemson office is at 100 McCollum Street, Clemson, SC 29631, and the main number to call is 864.643.2850.