Credit Challenged?

Occasionally, unfortunate events occur which negatively impact a person's financial status such as layoffs, illness, or bankruptcy - these special circumstances require special loans. Southern Trust's Special Financing Department works with borrowers who have less than perfect credit histories regain financial stability through homeownership. Our dedicated loan professionals treat each customer with the dignity and respect that they deserve while helping them to realize their financial goals. With unlimited loan options tailored to the credit challenged borrower, we can help you find

Special Financing Programs include but are not limited to:

100%+ Financing without Mortgage Insurance

These programs are designed for borrowers who would like to purchase a home but don't have money for a down payment.

Loans for borrowers with high debt to income ratios

Many of today's borrowers spend 45 – 50% of their income on monthly debt payments. These programs allow for higher ratios than traditional financing.

No Income Verification or Alternative Income Documentation

These programs are designed for borrowers who are unable to verify some or all of their income.

Mortgage Only programs

Designed for borrowers who pay their mortgage in a timely manner, but may neglect other obligations.

Bankruptcy

Borrowers who have experienced a bankruptcy can qualify for both purchase and refinance loans. In fact, a person who is currently in a Chapter 13 Bankruptcy can be "bought out" of the plan using equity in their home.

Credit Problems

Unlike traditional loans, our Special Financing Department can accommodate late payments, collections, judgments, foreclosures and other credit related problems.

For information on repairing your credit score, click here.