UNLOCKING THE DOOR
TO HOMEOWNERSHIP –
FOR EVERYONE
We’ve Got the Keys to Your Opportunity.
UNLOCK
NOW!
UNLOCK NOW!
Southern Bancorp believes that responsible affordable homeownership is an important part of building generational wealth and is an opportunity that should be within reach of everyone, no matter their financial story. Whether you are new to the home buying process or a seasoned veteran, Southern Bancorp has the tools to help you realize your homeownership dream.
YOUR MORTGAGE TEAM
OUR LEADERSHIP
“At Southern Bancorp, we’re dedicated to revolutionizing accessibility and guiding every individual towards their path to homeownership. Its not just about opening doors; it’s about ensuring everyone has the key to unlock the possibilities of a brighter future.”
– Jeremy Davis, President of Mortgage
ESTIMATE YOUR MONTHLY PAYMENT
Utilize this mortgage calculator to estimate your monthly mortgage payments and explore various rate options.
While using the calculator, keep in mind that the displayed dollar amounts are not guaranteed, and your actual payments may vary. The estimates provided are for illustrative and educational purposes only.
DOWN PAYMENT
ASSISTANCE
AVAILABLE
Need help with your
down payment?
1
WHAT IT IS
Down payment assistance programs provide financial aid to homebuyers, making homeownership more accessible, particularly for first buyers or those with limited funds.
2
WHAT ARE MY CHOICES?
There are grant and second-lien options for first-time homebuyers civil and essential workers, minority families, and more! Just ask your Mortgage Community Development Lender.
3
DO I QUALIFY?
Each DPA is different and has different qualifications. Your Lender can go over options with you to see what fits your needs.
FIND THE LOAN THAT FITS YOUR NEEDS
INTERESTED
IN A
FHA LOAN
FHA
Insured by the Federal Housing Administration, these loans have great advantages including low down payments, less restrictive credit requirements, and favorable interest rates.
- Not limited to first-time homebuyers
- Seller can pay up to 6% of closing costs
- Up to 100% of down payment funds can be gifted
SHOPPING
FOR A
VA LOAN
VA
The Department of Veterans Affairs provides insurance for these loans made special to service members and their spouses. With $0 down payments options, no mortgage insurance, and flexible loan terms, Southern Bancorp is committed to serving those who served our country.
- Available to active duty personnel, veterans, and surviving spouses
- Can receive 100% financing
- Flexible loan terms
LEARN
ABOUT A
USDA LOAN
USDA
These loans, backed by the United States Department of Agriculture (USDA), are specifically designed to assist individuals and families in qualifying rural areas achieve homeownership. With favorable terms, USDA loans make it easier for eligible borrowers to purchase homes in rural communities, fostering growth and stability in these areas.
- Up to 100% financing
- Larger acreage purchases
- No minimum down payment required
READY
FOR A
JUMBO LOAN
JUMBO
These loans are tailored for individuals purchasing high-value properties or requiring larger loan amounts. Whether acquiring luxury residences or investment properties, Southern Bancorp's Jumbo mortgage loans provide flexible and competitive financing solutions to meet the unique needs of all borrowers.
- Accommodates loan amounts up to $3 million
- No mortgage insurance required
- For primary and secondary homes like vacation and investment properties
BUILDING?
NEED A
CONSTRUCTION
LOAN
CONSTRUCTION
Southern Bancorp offers New Construction loans to facilitate financing for individuals building their dream homes from the ground up. These loans provide funding for construction costs, ensuring a seamless process from planning to completion, with personalized support and competitive rates.
- Extended rate lock
- One-time close options available
INTERESTED
IN A
CONVENTIONAL LOAN
CONVENTIONAL
We provide conventional loans, offering flexible financing solutions for homebuyers with varying needs. With competitive interest rates and straightforward terms, our conventional loans are ideal for purchasing primary residences, second homes, and investment properties.
- Mortgage insurance options
- Minimal restrictions
- Flexible closing costs options available
Access to financial opportunities like homeownership should be within reach of everyone, no matter the zip code, starting point, or income level. That’s the mission that moves us at Southern Bancorp, and its the service we provide to everyone in our communities.
GET THE MOST FROM YOUR REFINANCE
Find solutions that fit your financial needs.
LEVERAGE YOUR
HOME EQUITY
- Renovations
- Pay off debt
- Save for large purchases
USE MY EQUITY
REDUCE YOUR
MONTHLY PAYMENT
- Increase your savings
- Allow for more monthly liquidity
LOWER MY PAYMENT
SHORTEN YOUR
LOAN TERM
- Pay less in interest
- Pay off your mortgage sooner
PAY OFF FASTER
GET IN TOUCH
Fill out the contact form below and one of our mortgage team
will reach out to explain your options and opportunities.