An Uncomplicated Loan

Remodeling and renovation can be complicated. Financing your project doesn’t have to be. We keep it simple with one loan and one closing. Whether you are remodeling your current home or purchasing an existing home to remodel, we have the loan product that will get the job done.

You can borrow up to 90% of the value of your primary residence and up to 80% of the value of a second home or investment property. During renovation, you’ll make interest-only payments until the loan is converted to a conventional fixed-rate loan or an adjustable rate (ARM).

• Purchase an existing home and renovate with just one loan
• Interest-only payments during construction
• Up to 18 month construction period
• Adjustable (ARM) or fixed-rate financing available
• Primary residence – borrow up to 90% of the value
• Second residence or investment property – borrow up to 80% of the value

Your Southern Bank mortgage team will guide you through every step of the process, starting with a financial snapshot, fast pre-qualification, guidance on choosing your dream home, and easy-to-understand steps to make your dream home a reality.