Mortgage Loan Programs

Below is a list of the loan programs Southside Bank has to offer you.

Conventional Mortgages
Conventional mortgages offer you the ability to fix your interest rate for 10, 15, 25, 30 and 40 years with the most competitive interest rates available.  While the 30 year mortgage has been the industry standard, the 15 year option has become popular because it offers tremendous interest savings compared to longer terms.

Adjustable Rate Mortgages (ARMs)
ARMs are tied to a market index and are popular with some borrowers because an ARM typically offers a lower starting rate than a traditional fixed rate loan.  The interest rate on an ARM loan can adjust upward or downward according to a specific schedule.  A "cap" limits the amount it may rise.  An ARM loan may be an excellent loan for someone not planning to stay in their home for a long period of time.  Our current plan offers a rate that is fixed for the first five years.

Construction Loan
If you are ready to build a home from the ground up , we provide interim loans from 6 to 9 months.  The interest rate for these loans is based on Wall Street Journal Prime Floating rate with a floor of 4%.

Government Insured Mortgages
FHA and VA (Veterans Administration) loans offer very attractive down payment options to qualified buyers.  Some loan programs even allow up to 100% financing.