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Southern Mortgage Unlimited, Inc. offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional
USDA
FHA
VA
Jumbo
HELOAN
HELOC

Conventional

Conventional loans offer 30, 25, 20, 15 and 10 year fixed rate options and 1 year, 3/1, 5/1, 7/1 and 10/1 ARM options.  The maximum loan limit on conventional loans was recently increased to $424,100.


USDA
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.

FHA

FHA offers 30, 25, 20 and 15 year fixed and 1 year, 3/1 and 5/1 ARMs.  Loans that meet FHA guidelines are fully insured by the FHA under the National Housing Act.  Loan amounts up to $358,800.


VA

VA mortgages allow 100% financing on Primary Residences for eligible veterans or survivors and are guaranteed by the Veterans Administration.


Jumbo

Our Jumbo loans offer 30, 20, 15 and 10 year fixed and 3/1, 5/1, 7/1, and 10/1 ARMs with loan amounts to $1,500,000.


HELOAN

Home Equity Loans are fixed rate and term second mortgages which can be taken out at the time of purchase, if the first mortgage product allows, or can be taken out after you have owned your residence for generally one year or more. The loan amount is based on equity in the property and credit scores.


HELOC

Home Equity Line of Credit is a variable rate second mortgage.  It can be taken out at the time of purchase, if the first mortgage product allows, or anytime after you have owned the property.  The loan amount is based on the equity in the property and credit scores.