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First South has been in business since 1957 and has offered mortgages to our members for over 15 years. We are now extending our mortgage products to nonmembers throughout the Mid-South by working directly with realtors and builders.
We offer outstanding personal service backed by a wide array of products and services to meet your customers’ lending needs.
We can present financing options that are based on their needs and not the mortgage “flavor of the month”.
Our highly trained lending professionals understand what it takes to make the entire process go smoothly from pre-approval to closing.
Our product offering is always expanding— we constantly strive to offer a wide range of products and services to suit a variety of borrower’s needs.
In House mortgage loans with no points, fees or closing costs!*
First South Credit Union offers a full selection of mortgages to meet your lifetime borrowing needs.
Here are a few of our products and services:
PRE-APPROVALS AT NO COST!
Get pre-approved before you shop for a new home!
FIXED-RATE MORTGAGE LOANS
Know what your payment will be for the entire term of your loan.
ADJUSTABLE-RATE MORTGAGE (ARM) LOANS
Lower rates which adjust periodically base on a financial index.
BALLOON LOANS
A lower rate with a lump sum due in a short term
JUMBO MORTGAGES
Fixed rate and ARM loans up to $1,000,000.
HOME EQUITY LOANS
Borrow against the equity in your home and enjoy tax advantages in some cases!
First South offers a full selection of mortgage products with absolutely no points, fees or closing costs. These costs are not reflected in the interest rate nor are they added to the loan. First South actually pays for all costs associated with processing and closing the loan.
Our in-house loans are excellent for anyone! Whether it’s your first home or your latest investment property, we can provide a mortgage product to suit your needs. Our in-house loans have a permanent home with us—they are not sold on the secondary market, so your first as well as your last payment is made here at First South Credit Union.
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