We offer Condominium Financing for virtually all condos in Alabama and Florida.

  • Home
  • Condominiums
  • Primary Residence
  • Reverse Mortgages
  • Vacation Homes
  • Investment Property
  • Self Employed Programs
  • Loan Overview
  • Jumbo Loans
  • Free Prequalification
  • E-SIGN
  • Services
  • Non Prime Lending
  • ALABAMA
  • FLORIDA
  • About
  • Contact Us
  • More
    • Home
    • Condominiums
    • Primary Residence
    • Reverse Mortgages
    • Vacation Homes
    • Investment Property
    • Self Employed Programs
    • Loan Overview
    • Jumbo Loans
    • Free Prequalification
    • E-SIGN
    • Services
    • Non Prime Lending
    • ALABAMA
    • FLORIDA
    • About
    • Contact Us
  • Home
  • Condominiums
  • Primary Residence
  • Reverse Mortgages
  • Vacation Homes
  • Investment Property
  • Self Employed Programs
  • Loan Overview
  • Jumbo Loans
  • Free Prequalification
  • E-SIGN
  • Services
  • Non Prime Lending
  • ALABAMA
  • FLORIDA
  • About
  • Contact Us

Vacation Homes

Purchase

Refinance

Refinance

  • Up to 90% LTV available with No Monthly Mortgage Insurance
  • Single Family Residence and Condos-both Warrantable and Unwarrantable, including Condotels
  • Conventional Loan Amounts up to $679,650 or purchase price up to $850,000.
  • Loan Amounts up to $10,000,000
  • Up to 50% Debt to Income
  • Full Doc or Bank Statement programs available
  • Interest Only Option
  • Loan may be available for E-Sign and Virtual E-Close
  •  NEW!  We can now use Asset Based Income to calculate income for borrowers based on their liquid assets. 

All available for Second Homes or Vacation Homes

Refinance

Refinance

Refinance

Up to 90% Rate & Term Refinance

Up to 85% Cash Out Refinance


Loan may be available for E-Sign and Virtual E-Close


 NEW!  We can now use Asset Based Income to calculate income for borrowers based on their liquid assets. 

Fannie Mae Second Home Guidelines

Second Home Properties

  • Must be occupied by the borrower for some portion of the year
  • Must be suitable for year-round occupancy
  • The borrower must have exclusive control of the property
  • Cannot be subject to any agreements that give a rental management firm control over the occupancy of the property.

Contact Us

251-625-0444

 NMLS# 193181

Southchase Mortgage

(251) 625-0444 Fax 866-904-8733 Email: southchasemort@att.net

Hours

Monday - Friday: 8am - 8pm

Saturday: 8am - 8pm

Sunday: Closed



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Areas served - Alabama and Florida

  • Condominiums
  • Primary Residence
  • Reverse Mortgages
  • Vacation Homes
  • Investment Property
  • Self Employed Programs
  • Loan Overview
  • Jumbo Loans
  • Free Prequalification
  • E-SIGN
  • Services
  • Non Prime Lending
  • ALABAMA
  • FLORIDA
  • About