Other Financing Options

special financing to help open doors

USDA Rural Development

This type of mortgage may be appropriate if...
You are purchasing a home located in a rural area and you need 100% financing.

Loan Features

  • Rates are typically comparable to FHA Loan program.
  • Interest rate remains the same for the duration of the loan
  • Closing costs may be paid by the seller to reduce upfront costs

Federal Housing Association (FHA) Loans

This type of mortgage may be appropriate if...
You want a lower down payment than required with a Conventional Mortgage

Loan Features

  • Down payment may be as low as 31/2 % of purchase cost
  • Closing costs may be paid by the seller to reduce upfront costs

Veterans Affairs (VA)* Loans

This type of mortgage may be appropriate if
You are a qualified military veteran with at least six months of active duty or the unmarried spouse of a service member who died on active duty or as the result of a service-connected disability or you are the spouse of a service member who is MIA or POW

Loan Features

  • 100% Financing Available

*VA loans are made by private lenders, such as banks, savings & loans or mortgage companies to eligible veterans for the purchase of a home.

Tennessee Housing Development Association
(THDA)** Loans

This type of mortgage may be appropriate if...
You are a first-time buyer... or have not owned a home within at least three years ... or you are buying a home in a special targeted area ... or you are an honorably discharged or re-enlisted veteran and spouse.

Loan Features

  • Requires lower down payment than other mortgage types
  • Down payment assistance is available through THDA
  • THDA's Homeownership programs are designed for low- and moderate-income borrowers
  • Borrowers must have satisfactory credit and the home must meet certain conditions
  • Financing is subject to availability of state funding

***THDA is not a direct lender. For more information on this mortgage program, please contact a Southern Heritage Bank Mortgage representative.  

Ready to Get Started?

Click to Prequalify for a mortgage or start the online Application process.

If you prefer, you can download forms to your computer

For more information, talk to a Southern Heritage Mortgage Team Member.

 
 
 

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Meet the Home Loan Dream Team


Joy Akins

MLO Originator # 500782
Senior Vice President, Loan Originator
Office: 423-303-1729
Cell:  423-645-8839
jakins@southernheritagebank.com


Kristi Branham

MLO Originator # 500887
Loan Originator
Office: 423-303-1730
Cell: 423-310-1161
kbranham@southernheritagebank.com


Joe Womac

MLO Originator # 500886
Loan Originator
Office: 423-303-1743
Cell: 423-596-2131
jwomac@southernheritagebank.com


Taylor Gobble

Assistant Vice President, Loan Underwriter
Office: 423-303-1755
tgobble@southernheritagebank.com


Karen Walker

Loan Processor
Office: 423-303-1759
kwalker@southernheritagebank.com


Candy Rayfield

Loan Processor
Office: 423-303-1767
crayfield@southernheritagebank.com