Mortgages
Find the right mortgage options for you
At The Southern Bank, we want to help you purchase, refinance or construct/renovate your residential real estate property.
Conventional Conforming Loans
Fannie Mae and Freddie Mac loans amounts
< $766,550
- Loan Purpose – Purchase / refinance
- Occupancy – Primary Residence up to 97% LTV; Second Homes up to 90% LTV, Investment Properties up to 85% LTV
- Property Types – Single Family, Duplex, Townhome, Condominium, and Manufactured home
FHA
Federal Housing Administration
- Loan Purpose – Purchase / Refinance
- Occupancy – Primary Residence ONLY – up to 96.5% LTV *Loan amounts determined by region Property Types- Single Family, Duplex, Townhome, Condominium. (Manufactured Homes not allowed)
VA
Veterans Affairs
- Loan Purpose – Purchase / refinance
- Occupancy – Primary residence only. Up to 100% LTV
- Property Types – Single Family, Duplex, Townhome, Condominium (Manufactured Homes not allowed)
USDA
US Department of Agriculture
- Loan Purpose – Purchase only *Must be in an approved USDA lending area
- Occupancy – Primary residence only, up to 100% LTV. *Income limits apply
- Property Type – Single Family
JUMBO
Loan amounts > $766,550
- Loan Purpose – Purchase or refinance
- Occupancy – Primary or Secondary
- Occupancy – Single Family Dwellings, Townhomes, Condominium
Portfolio Loans*
Non-Agency
- Loan Purpose – Purchase, Refinance, Construction
- Occupancy – Primary Residence, Second Home
- Property Type – Single Family 1-4 Units, Land
*Not available in all regions
Ready to get the application process started for your mortgage loan?
At The Southern Bank, we use Calyx’s Zenly software solution to facilitate faster, easier and more convenient loan applications. This cloud-based loan origination software provides you with a safe, secure and easy-to-use method for sharing the details and documents needed to apply for your mortgage loan. Further, should you choose to continue working with The Southern Bank for your home purchase following a mortgage loan approval, Zenly delivers a simple way to manage communications and transactions from loan origination through post-closing.
Digital tools to make your accounts more accessible.
We want your business banking relationship with us to be as easy and convenient as possible. That’s why we offer the latest digital tools to help you bank when you want, from where you want.
Here to Help You Succeed
