We’ll make it all make sense.

Better than Affordable

Welcome to the world of Home Loans! If you are a first time home buyer, you are about to hear a whole bunch of terms that are new and different. Terms like mortgage (home loan), PMI (private mortgage insurance), Mortgage Loan Officer (Home Team Advisor), Variable Rates, Fixed Rates, Adjustable rates.

Wait! Here’s the good news. You have the Home Team Advantage!

We’ll make it all make sense for you. Plus, we’ll do everything we can to get you into your first home with a plan that saves you money and fits your budget.

Affordable Housing Program

The Southern Bank Home Team Advantage includes a special program for first time home buyers. If you qualify, you can borrow up to 97% of the cost of your home. Here are the highlights of the program:

  • Gifts and grants can be used to cover your 3% downpayment
  • Liquid assets can’t exceed $75,000
  • Applies when purchasing a single family residence (modular or stick- built) as a primary residence
  • Fixed rate financing
  • Private Mortgage Insurance is not required
  • The Seller may pay closing costs and prepaids
  • A free homebuyers course is required

Note: There are income limits for this program. Talk with your Home Team Advisor for more info and let’s get started getting you into that first home.

Easy. Flexible. Fast. Home Loans

for New Construction

LET'S GET STARTED

Have a Home Team Advisor contact me.