easy.
flexible.
fast.
Southern Mortgages, our full service mortgage loan center, offers a wide scope of mortgage loan programs tailored to meet your needs. These individual loan products are designed so that you can have options to structure repayment terms and interest rates that best fit your budget and financial goals. In addition to the existing mortgage programs we offer, we are committed to staying abreast of your ever changing needs, making ongoing enhancements to our products, and offering new products as they are made available.

Buying a new home can be an exciting experience. It can also be challenging. So, at Southern Bank, we've streamlined the mortgage process to make it easier and faster for you.

Before you even go shopping for a home you can be pre-qualified for your mortgage. Stop by any Southern Bank office and within minutes, you'll be ready to go. Just bring the following three items into any Southern Bank.

1. Your most recent bank statement,
2. Your past two years' W-2 forms,
3. Your past 30 days' paycheck stubs.
Then, after you find the home you want to purchase and choose the mortgage and payment plan that best fits your lifestyle and budget, we'll take care of all the paperwork so you can concentrate on preparing for the big move.

You can also call one of Southern's Loan Originators:

Lauren Davis, Greenville, NC...................... 252-353-8600
Heather Vann, Rocky Mount, NC...................... 252-977-2825
Elizabeth Hudspeth, Kill Devil Hills, NC........... 252-449-4499
Mortgage Options
Mortgage Calculator
Conventional Mortgage Loans
Conventional or conforming loans are mortgage loans with a maximum loan amount of $417,000.
Fixed Rate Mortgage Program
Fixed rate mortgages offer interest rates that do not change over the term of the loan. The monthly payments remain level and are structured to repay the loan at the end of the term.
First Time Home Buyer Program
The First Time Home Buyer Program is designed to help first time home buyers, by offering below market fixed rate loans for the purchase of single family primary residences.
Affordable Housing Program
The Affordable Housing Program provides mortgage products and services that increase the availability of housing for consumers who live in underserved rural areas.
Adjustable Rate Mortgage Program
Adjustable Rate Mortgages offer a lower monthly payment initially that may change over time as interest rates change. Initial interest rates are significantly less than the current fixed rate which often allows the borrower to qualify for a larger loan amount. Products are available with a feature that allows for a conversion from variable to fixed rate with little or no cost.
Balloon Mortgage Program
The Balloon Mortgage Program offers short term fixed rate mortgages based on a 30 year term. This program is attractive for those customers who are temporarily relocated or who are certain they will not stay in their home beyond the balloon period. This program offers borrowers the conditional right to reset, which effectively provides for an extension beyond the initial fixed period.
Investment Property Program
The Investment Property Program offers fixed and variable rate loans for the purchase or refinance of non-owner occupied properties. The loans under this program traditionally carry additional risk fees and must adhere to the requirements of the secondary market investor.
Non-Conforming Loan Program Non-Conventional or non-conforming loans are mortgage loans with loan amounts that exceed $417,000. In addition to the products we offer, we are able to secure other products, on an individual basis, from various investors who we are confident will meet your needs.
MEMBER FDIC . Equal Housing Lender