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Did you know that for just 1% reduction in interest rate saves you $100.00/mo in interest savings over 20 years? Refinance today! Example based on a $120,000 loan.

 

 

Southern Home Mortgage Corp offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide: FHA, VA, RECD (Rural Economic Community Development) and Conventional Residential Home Loans.
 
FHA (Federal Housing Administration)
RECD(Rural Economic Community Development) NO DOWN PAYMENT
Conventional
VA (Veterans Administration)

FHA (Federal Housing Administration)

An FHA loan is a Federal Housing Administration mortgage insurance backed mortgage loan which are provided by FHA-approved lenders. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. To obtain mortgage insurance from the Federal Housing Administration, a mortgage insurance premium (MIP) equal to a percentage of the loan amount at closing is required, and is normally financed by the lender and paid to FHA on the borrower's behalf. Depending on the loan-to-value ratio, there may be a monthly premium as well.

Term: 30 years  

RECD(Rural Economic Community Development) NO DOWN PAYMENT
Term: 30 years  

Conventional
Term: 30 years  

VA (Veterans Administration)
Term: 30 years