Home Equity Line of Credit
Top two benefits of financing your HELOC with The Southern:
- No origination fees or prepayment penalties
- Available for primary residences and second homes
Call us today for details or click the link below to apply.
Closed-end Fixed Rate Second*
A closed-end fixed rate second mortgage offers a fixed rate loan, using the equity in your home that can provide debt relief, fund home improvements, or help with college tuition.
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Home Equity Line of Credit (HELOC)*
A Home Equity Line of Credit (HELOC) is a revolving source of funds secured by the equity in your home. You can access the funds as you need them until you reach your limit.
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Purchase Money Second*
Purchase money second mortgages are loans issued along with a first mortgage when buyers need additional funds for a down payment. A common example is: The first mortgage covers 80% of the home value and the purchase money second mortgage covers 10% – meaning you have a down payment of only 10%.
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Financial Calculators
We offer a suite of online calculators to help you take the next step.