Warehouse Lending
Our Bank Holding Company, Southern BancShares, Inc., through its State Chartered Banks, is offering a conforming loan Mortgage Purchase/Resale program for mortgage companies such as yours to address these needs. Our program enables mortgage bankers to fund and inventory loans until the loan is purchased by an institutional investor. We have competitive rates, excellent service and have been in this business for over fifteen years. We warehouse residential conforming loans for qualified mortgage bankers and offer purchase agreements that start at $2 to $3 million with the ability to handle significantly larger lines with established relationships.
Minimal financial requirement of $100,000 net worth
Attractive advance amounts
No non-usage fees
Experienced staff to coordinate your transition
Same day funding
Personalized service
Mutually beneficial relationship
Competitive rates
Being able to fund your own loans establishes your reputation in the industry with consumers, builders, brokers and real estate agents to close and fund loans in your own name, on your schedule. We fund home loans within 24 hours of request and in most cases, on the same day.
To begin simply fill out our Warehouse Loan Application and submit it via fax to (254) 883-9652.