Loans

When you need money, we can help. Our Loan Representatives will work with you one-on-one to suggest a loan or line of credit at a competitive rate that best fits your budget and personal cash flow.

Southern Heritage offers:

Mortgage Services

Finding the right mortgage is just as important as shopping for the right home. Of, if you already own your home, you may be able to refinance your mortgage and enjoy significant savings on your monthly payment. Southern Heritage can help you select the loan and terms that fit your budget with a variety of fixed and variable rate options.

Southern Heritage’s Mortgage Services Team is well equipped and experienced … and ready to help you every step of the way, whether it’s a loan for your new home or refinancing an existing mortgage. See Mortgage Services for more information!

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Home Equity Line of Credit (HELOC)

A flexible financing tool using the equity in your home for a line of credit amount you can draw on as needed … and pay back as you have funds available.

This option may be appropriate if …
You own your home, want to be prepared for upcoming or unexpected expenses and desire long-term flexibility to draw funds as needed.

Product Features

  • Upon approval, you can make draws against your Line of Credit amount as needed
  • Fixed rate and floating rate options available
  • Monthly payments vary based on how much credit line you’ve used
  • Lower interest rates than most Credit Cards or Installment Loans
  • No annual fee
  • Low closing costs
  • Monthly loan payment can be automatically deducted from your SHB Checking or Savings Account

Consumer Benefits

 Gain cost-effective financing options that may be better than an unsecured Loan or Credit Card.  
 Interest payments may be tax deductible on your income tax return if you itemize your deductions. Consult your tax adviser.
 You determine how you will use your HELOC:

    • Expand or remodel your home
    • Consolidate debt
    • Start a business
    • Take a vacation
    • Purchase an vehicle, boat, ATV or RV
    • Meet a large expense

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Personal Installment Loan

Borrow a specific amount of money for a unique need.

This option may be appropriate if …
You want to borrow money for a unique or one-time need … and you desire predictable monthly payment amounts.

Product Features

  • Minimum Loan amount of $2,500 is a lesser amount than some other loan options
  • Upon approval, you receive the full amount of your Installment Loan up-front
  • Interest rate is fixed over the life of the Loan
  • Fixed Loan term
  • Monthly payment amount remains the same over the life of the Loan
  • Monthly Loan payment can be automatically deducted from your SHB Checking or Savings Account

Consumer Benefits

Use your Loan for practically any type of expense or purpose.
Ideal for purchase of a second vehicle or pre-owned boat, ATV or RV
Experience a faster application and approval process than some other Loan options.

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Overdraft Protection Accounts

Please contact any SHB Customer Service Representative for details.

Ready to get started? To apply for a Personal Loan or Home Equity Financing or for information about Overdraft Protection Accounts, visit your nearest  Southern Heritage Bank office.