Southern Trust Mortgage

Southern Trust Mortgage: mortgage financing with over 27 years of experience

Southern Trust Mortgage is a mortgage company that, according to its own presentation, has accumulated more than 27 years helping families make financing decisions for home purchases. Its activity focuses on residential mortgage loans, with an emphasis on clarity of terms and support throughout the entire process, from application to closing.

Available mortgage programs

The entity offers a variety of loans to adapt to different financial profiles:

• Conventional loans: aimed at borrowers with established credit history. According to the company's information, they typically have lower interest rates and APR than other fixed-rate loans, require less documentation than FHA or VA loans, and do not require mortgage insurance if a 20% down payment is provided. There are fixed and adjustable rate options, and financing is advertised as available up to 100%.
• FHA loans: backed by the Federal Housing Administration, they are designed for first-time homebuyers. They require a 3.5% down payment, have more flexible credit requirements, allow the use of gift funds, and offer assistance for closing costs. They also include fixed and adjustable rate options.
• VA loans: intended for veterans, eligible members of the armed forces, and surviving spouses. They are backed by the government and issued by qualified lenders. According to the company, they require no down payment or monthly mortgage insurance, have lower credit requirements, and flexibility in the funding fee, which can be financed or waived for eligible veterans.
• Grant programs and down payment assistance: include grants and loans to cover the down payment and closing costs, possible tax credits and deductions, educational resources such as workshops and counseling, and special state and local programs for first-time homebuyers.
• Specialized programs: the company details options such as the doctor program (95% without mortgage insurance up to $1 million), construction and permit loans (90%, construction only at 12 months up to 95%), interest-only options, second homes with 10% down payment and loan amounts up to $3 million, DSCR loans, fix & flip, bridge loan, bank statement loans, extended lock and shop, and mortgages for second residences.
• Seller-funded buydown: a program that reduces monthly payments during the first 36 months. It applies to primary residences with VA, FHA, and conventional 30-year fixed-rate loans, with a minimum credit score of 660 and the possibility of second mortgage financing.

Focus on customer experience

The company highlights that clients work directly with loan professionals who explain the requirements, timelines, and costs, with the goal of enabling informed decisions. Among the elements it emphasizes are clear communication, direct access to specialists, defined timelines, and support at every stage. The company claims to have helped thousands of families and mentions a 98% satisfaction rate.

Application and approval process

Southern Trust Mortgage offers an online application process designed to reduce paperwork time. It has a priority approval program that, according to the entity, allows buyers to make stronger offers and close faster. The process includes personalized guidance from application to closing, with loan options tailored to each financial profile.

Presence and coverage

The company operates from its headquarters in Virginia Beach, Virginia, and serves clients in several states, including VA, WV, NC, SC, DC, DE, MD, PA, TN, FL, NJ, and GA. The company has a network of loan officers and branches, and offers the possibility of finding a professional or an office through its website.

Location and contact

295 Bendix Road, Suite 400, Virginia Beach, Virginia 23452 · Phone: 800-748-2147 · Email: contactus@southerntrust.com