Non Prime Lending



Many of our Non Prime Programs center on borrowers who had had extenuating circumstances that prevent them from qualifying for a mortgage loan by normal standards, 

Acceptable extenuating circumstances include an illness in the immediate family, or job loss.

If the borrower(s) can show that they had good credit before the extenuating circumstance, and are now past it, and can show that they are now current all of their creditors, then there is an excellent chance that we can help them with a Purchase or Refinance.

Non Prime Products & Programs


Here is a summary of some of the features of our Non Prime Programs.

  • We can do Purchase, Rate & Term Refinance, or Cash Out Refinance
  • FHA (including manual underwriting)
  • USDA (including manual underwriting)
  • VA (including manual underwriting)
  • Jumbo
  • Bank Statement programs for Self Employed
  • Chapter 7 Bankruptcy or Foreclosure- No seasoning
  • Minimum FICO 550
  • Loan Amounts up to $1,000,000
  • Up to 90% Loan To Value
  • 7/1 ARM or 30 Year Fixed Options
  • Debt to Income Ratios up to 50% considered
  • Single Family Residence or Condos
  • Primary Residence, Second Homes, or Investment Property

NOTE: Manual Underwriting means that we can take Extenuating Circumstances into consideration.  An Extenuating Circumstance could be an occurrence that was beyond the borrower's control, like an illness to an immediate family member, or a job loss. 

Contact Us


 NMLS# 193181

Southchase Mortgage

22394 Miflin Rd, Foley, Alabama 36535, United States

(251) 625-0444


Monday - Friday: 8am -8pm

Saturday: 8am-8pm

Sunday: 8am-8pm

Send Message