There’s no place like home. Whether you’re looking to buy, build, or refinance, you don’t have to go it alone. Our loan experts at Southern Bank will help determine the best path forward for your unique situation — and we’ll walk with you every step of the way. Explore the various loan options available to you below. Just click the links to learn more or get started with the application process.
First-Time Homebuyer
We believe this process should be exciting – not intimidating.
Considering Homeownership?
Explore how to calculate costs and other factors to consider before buying a home.
Home Equity Line of Credit (HELOC)
You’ve built up equity in your home. Make the most of it with the low rates of a Southern Bank HELOC.
VA Home Loans
We’re proud to offer personalized loan service for our veterans and active-duty military personnel, helping you find your way home.
Renovation Loans
Get the financing you need to create your dream home — right where you live. We make it simple.
Construction Loans
From lot purchase through construction and move-in, think of this as a “Swiss Army Knife” loan. One loan takes your vision to reality.
Affordable Housing Programs
Home Loans for Professionals
Let's talk.
Please give us a call at 1.855.275.7226 or fill out the form below, and we’ll be in touch soon to answer your questions and determine the right solutions for you.
Frequently Asked Questions
Yes, pre-qualified means that you have discussed your income and debts with one of our loan officers, who has determined a loan amount for which you may be approved. Pre-qualification is not a loan approval or a commitment to lend. Once you are pre-qualified, the lender will issue a letter for you to use when making an offer to a seller.
A pre-approval means that your financial situation has been documented and verified and that your loan application has been submitted to an underwriter and approved. Once pre-approved, you receive a letter. Being pre-approved can give you negotiating leverage and enable you to close sooner on your home purchase.
We offer conventional fixed-rate mortgages that have a fixed interest rate for the entire term of the loan. Monthly mortgage payments remain the same for the life of the loan. We also offer adjustable-rate mortgages that have a lower initial interest rate than most fixed-rate loans. The interest rate can change periodically, and the monthly payment will go up or down accordingly. You should weigh the risk that an increase in interest rate will lead to a higher monthly payment. Your Southern Bank Loan Officer will discuss these options with you.
Many factors affect mortgage rates. So it pays to understand how mortgage rates are set.
Actual mortgage rates are largely determined by the secondary market, where mortgages are bought and sold. Fannie Mae and Freddie Mac are two government agencies whose job it is to keep the mortgage secondary market stable. They set prices each day as determined by the secondary market. They offer a guaranteed price to buy a certain type of mortgage.
Rates generally change daily. In fact, rates can change during the day as market conditions change. Generally, all mortgage lenders have access to the same rates. When you shop rates, make sure you compare rates on the same day, at the same time, on the same program, with the same fees.
