We understand that not every customer is the same. That's why we step in when you stand out. Our wide array of mortgage programs is designed to meet the specific needs of our clients. Whether you're a first-time homebuyer, an investor, or looking to build your dream home, we have solutions that cater to your unique financial situation.
Explore our specialized mortgage options below and find
the perfect fit for your home financing needs.
Doctor Program – 95% Financing with No Mortgage Insurance (MI) Up to $1 Million
Our Doctor Program is tailored for medical professionals, providing up to 95% financing without the need for mortgage insurance on loan amounts up to $1 million. Doctors, Dentists, Vets & more!
Primary Construction Perm (OTC) – Up to 90% Financing
Build your dream home with our Primary Construction Permanent (OTC) program, offering up to 90% financing. This one-time-close loan simplifies the construction process by combining your construction loan and permanent mortgage into a single transaction.
12-Month Construction Only – Up to 95% Financing
For those looking for a short-term construction loan, our 12-Month Construction Only program provides up to 95% financing. This program is ideal for builders and homeowners who need flexible financing options during the construction phase.
Interest Only Options
Manage your cash flow more effectively with our Interest Only mortgage options. These loans allow you to pay only the interest for a specified period, giving you the flexibility to manage your finances as you see fit.
10% Down Second Homes
Thinking about a vacation home or a second residence? Our program offers financing with as little as 10% down, making it easier to acquire your dream getaway.
Loan Amounts Up to $3 Million
For clients with higher borrowing needs, we offer mortgage loans up to $3 million. Whether you’re purchasing a luxury home or refinancing a high-value property, we have the resources to support your goals.
Debt Service Coverage Ratio (DSCR)
Investors can benefit from our DSCR loans, which are designed to help you qualify based on the income generated by your investment property. This program is perfect for those looking to expand their real estate portfolio.
Fix & Flip
Our Fix & Flip program provides the financing you need to purchase and renovate properties. Ideal for real estate investors, this program supports your efforts to improve and resell homes for profit.
Bridge Loan
Transition smoothly between homes with our Bridge Loan program. This short-term financing solution helps you cover the gap between selling your current home and purchasing a new one.
Bank Statement Loans
For self-employed borrowers, our Bank Statement Loan program allows you to qualify based on your bank statements rather than traditional income documentation. This program is tailored for entrepreneurs and business owners with non-traditional income sources.
Lock & Shop
Secure your interest rate while you shop for your new home with our Lock & Shop program. This option protects you from rate increases and gives you the confidence to make offers knowing your financing is secure.
Extended Lock Options
Take advantage of our Extended Lock options to protect your interest rate for a longer period. This is particularly beneficial in a volatile rate environment, ensuring you have the peace of mind you need as you navigate the home buying process.
At Southern Elite Mortgage, we are dedicated to guiding you through the homebuying process with ease. Our experienced loan officers will help you understand your options and choose the best mortgage to fit your financial goals. We offer personalized service and support from application to closing, ensuring a smooth and stress-free experience.
Southern Elite Mortgage LLC, NMLS# 2581600 (www.nmlsconsumeraccess.org). Southern Elite Mortgage LLC is licensed in Virginia as a mortgage broker under license number MC-7881. This is not an offer for the extension of credit or a commitment to lend. Some restrictions apply. Not all applicants will qualify for financing. Southern Elite Mortgage LLC is an equal housing opportunity mortgage broker.
804-293-2425
