We're excited about your new home

purchase!


Get Pre-Qualified Here and it's FREE.



EQUAL HOUSING LENDER
This is a great time to buy a new home


Interest rates are near all time lows!

 

Home Prices have dropped!

Sellers are MOTIVATED!


Getting pre-qualified is the best place to start. Know your payment, know your options.

Pre-Approval from American South Lending will show the seller your serious and you have done your homework. You're ready to buy.

Downpayment Options

  • FHA
  • Conforming
  • VA
  • USDA

FHA minimum downpayment is 3.5%. All loans have an upfront mortgage insurance premium but it can be added to the loan. Monthly MI is lower than conforming but lasts for a minimum of 5 years.

FHA mortgage loans have lower credit score requirements.

Conforming loans (Fannie/Freddie) have a minimum downpayment of 5%. No upfront mortgage premium but higher monthly premiums. Monthly MI last until the loan drops to 78% of the original appraised value.

Your downpayment may vary because of mortgage insurance availability or LTV limits. Certain states or regional limits may require 20% downpayment or more.

VA insured loans have no minimum downpayment. The veteran should confirm their eligibility coverage. We'll be glad to help with that.

VA loans have an upfront mortgage premium that can be added to the loan. There is no monthly MI.

Disabled veterans can have their upfront MI fee waived.

USDA loans have no minimum requirement (100% loan).

These loans are only available in certain counties and are meant for rural properties. USDA has a 2% upfront funding that can be added to the loan, as well.

We'll be glad to check your county and see if you qualify.

 

Have a realtor?


We will work with you and your realtor from pre-qualifying and purchase contracts to final closing on your new home.

On-time and No Surprises.

Getting the right mortgage for you is important and we'll give you the options.

 



At American South Lending, Inc. we make obtaining a mortgage straightforward and simple, providing you with the tools necessary to make a sound financial decision.

Whether you're buying a new home,refinancing your mortgage, or wish to consolidate your debt we can provide you with exceptional service and expert advise.

If you have any questions regarding the mortgage process, we have help available online or feel free to give us a call with any of your questions. We will personally help and guide you through the entire financing process. Call us today at 336-547-9970 or Toll Free at 888-547-9971.

Our Short Form application asks for just enough information to help us get an idea of how to best help you to proceed with your mortgage.

Click here to get Pre-Qualified



 

 

 

 

 

 

First Time Buyer?

Now Extended and
Expanded


ENTENDED TO APRIL 30, 2010

 
 
 
Take Advantage of the IRS First Time Homebuyers Buyers tax credit before April 30, 2010

you could save up to $8,000 !

First time buyers can now get a an additional tax credit of 10% of their home purchase; up to $8,000! If you haven't owned a home (primary residence) in the past 3 years, you're a first time buyer too! Existing homeowners can benefit too.

read more