Why Choose This Loan
Down payment assistance program providing up to $25,000 as a 15-year mortgage at 0% interest. For down payments, closing costs, and prepaids.
- Up to $25,000 toward your home purchase
- 0% interest rate
- 15-year repayment term
- Covers down payment, closing costs, and prepaids
- Only $1,000 in processing fees
Loan Details
Loan Amount
Up to $25,000
Term Options
15 years
Rate Type
Fixed
Rate
0%
Eligibility
- 1 First mortgage must be fixed-rate (15-30 years)
- 2 ACH payment required
- 3 Second lien position
Subject to eligibility and approval. Southern Bancorp may pause new applications during periods of high demand. Contact us for current availability and full program details.
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