new homes

Our Loans

Are you ready to purchase a home?

Whether you’re a first time home buyer or a seasoned homeowner, Southern Bank of Tennessee can help you have a top notch experience with a hometown feel. Our seasoned Mortgage Loan Officers can guide you through the process every step of the way, and since we have our own mortgage operational team onsite, you can be assured that your loan process starts and ends in our bank!

We offer a variety of loan types with competitive rates to meet the needs of our customers. Please reach out to us for additional information and a more detailed and tailored option that will fit your individual needs.

Loan Type Key Benefits May work for you if...
Conventional Fixed Rate Low fixed rates
No surprise rate changes
Have established credit history
Can put at least 5% down
FHA Loan Low down payment
Flexible qualifications guidelines
Limited down payment funds
Have a few credit challenges
VA Loan Low or no down payment
No mortgage insurance
Are active military or a veteran
Are the surviving spouse of a service member who died as a result of military service
USDA Loan Low fixed rates
Low or no down payment
Have limited funds for closing
Investment Property Loan Financing for rental property
A variety of loan options
Want to become a landlord
Are buying a second home


Whether you want to lower your monthly payment, shorten your term or would like to cash-out, start by finding how much you qualify for. We will make it easy for you by offering three easy ways to learn more about your options. You can apply online, schedule a face-to-face appointment at one of our locations or call us and one of our Mortgage Loan Professionals can take your application over the phone.

Traditional Refinance
A traditional rate and term-only refinance may help you lower your rate or change your loan terms. Refinancing to a lower rate could reduce your monthly payment. For example, if you change from a 30-year mortgage to a 20-year mortgage, you could possibly save a lot of money in interest over the life of the loan. Southern Bank of Tennessee offers a variety of options for a rate and term refinance with competitive rates, including programs for conventional loans, FHA and VA Loans.

Cash Out Refinance
Want to tap into your equity? Cash-out refinancing allows you to access the equity in your home and get cash at closing. Your existing home mortgage and any other liens on the property are paid off and replaced with a new mortgage. You can do lots of things with a cash-out refinance! You can renovate your home, payoff credit card debt and many other things by accessing your equity. There are Conventional, FHA and VA cash-out options. Contact one of our professional mortgage loan officers for more details.

** Loan approval is subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates are subject to change without notice, unless locked in for a specific term. Program terms are subject to change without notice. 

Mortgage Team

A mortgage team you can trust

  • Local team with over 70 years of experience in lending
  • Focused on excellent customer service and clear communication
  • Fast approvals and on-site underwriting for a smooth experience