This central Texas bank lends to people, not credit scores
Interest rates are still low, but Austin’s real estate market is off the charts. If you are considering buying or building your next dream home, consider contacting a local community bank for your mortgage needs.
Local banks aim to provide loans based on people, not just their credit scores. It’s like that SouthStar Bank works, providing a higher level of personal attention. In today’s market, this can be particularly crucial.
Whether you’re buying your first home or building your dream home forever, there are steps you can take with your lender and real estate agent to create a streamlined process.
Starting with prequalification, your lender will assess your unique situation. Many borrowers qualify for a traditional home loan, but of course not everyone is traditional. SouthStar Bank understands that every customer is unique and offers the ability to create personalized loans to suit these situations.
With the market booming, changing lenders halfway through the process can mean losing the perfect home. Having a lender on your side who is able to thoroughly assess your situation and turn to a variety of loan options will keep your home ownership goals front and center.
With the high demand for housing, many Austinites are also considering building their own homes. But where to start ? In addition to a variety of mortgage options, SouthStar Bank specializes in lot and construction loans. This ranges from financing the land to building a custom home on land you already own.
Customers can also opt for âbuild to sustainabilityâ loans, which cover your project from start to finish – and right through to mortgage repayment. As market experts, SouthStar Bank’s lending team will be with you every step of the way.
âFor most clients, the construction loan process is new,â says Kimberly Watson, senior vice president of loans at SouthStar Bank. âWe’re doing what we can to make it as easy as possible. It’s something I review day in and day out, and I love to see plans fall into place for clients who don’t know where to start. “
Founded in 1920, SouthStar Bank has over $ 1 billion in assets and is one of the largest independent banks in Texas. All decisions are made locally by a dedicated lending team, which helps apply common sense standards to products, services and loan applications.
Locate your nearest branch to speak with a loan officer directly, or visit the SouthStar Bank website to explore your mortgage options and get started with prequalification.
As a bonus, get a quarter off your portfolio mortgage rate when you open a SouthStar Bank account and sign up for monthly direct debit payments.
All loans are subject to approval. Other taxes and restrictions may apply. SouthStar Bank NMLS # 410624. FDIC member. Equal housing lender.