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Mortgage Loans

Whether you are in the market for a new home or want to refinance your existing mortgage, South Coast Bank & Trust has a mortgage loan program to meet your needs.

Mortgage Account Specialist

A home purchase is often one's largest and most important asset. Home is a place of refuge. Home is a place for family. Home is a place of memories. As the real estate collapse and subsequent economic downturn demonstrate, it is very important that careful consideration is given to the type of mortgage you obtain. South Coast Bank & Trust never sacrificed its principles to chase subprime profits. We have never maintained a solely commission based staff paid only on volume. South Coast Bank & Trust has always strived to provide its customers the mortgages that they need and can afford.

Experience Banking at it's BEST. Experience South Coast Bank & Trust.

Click here for a full list of our other experienced NMLS mortgage lenders.

Conventional Fixed Rate Loan

Conventional fixed rate mortgage loans offer the best rate and term combinations available and can be used to purchase or refinance a home. Credit standards and down payment requirements are generally higher for conventional mortgage loans.

  • Variety of repayment terms available
  • Fixed rates and monthly payments

Loan Benefits

  • Fixed rates and monthly payments
  • Free pre-qualifying
  • Free rate quotes
  • Quick approval time
  • Available for second homes, vacation homes and investment properties
  • Refinance options allow for cash out to make home improvements, consolidate debt or to reduce monthly principal and interest payments

Loan Terms

  • Variety of repayment terms available

FHA Mortgage Loan

Government backed FHA loans offer lower down payment options than conventional financing, relaxed qualifying guidelines and fixed rates with a variety of repayment terms for qualified applicants.

  • Low down payment and closing costs
  • Flexible qualifying guidelines
  • Great for first time homebuyers

Loan Benefits

  • Low down payment and closing costs
  • Flexible qualifying guidelines
  • Variety of repayment terms
  • Fixed interest rates
  • Funds can be used for the purchase of a home or to refinance your existing mortgage

Loan Terms

  • Various terms available

To prepare for your appointment with a mortgage lender, bring the following information with you.

  • Copy of your Purchase Agreement
  • Your two most recent pay stubs with year-to-date earnings. If you have had more than one job this year, provide your final pay stub from your previous employer
  • The two most recent years' W-2s
  • Your two most recent bank statements, or if the cash to close your loan comes from another source, provide documentation
  • Your residence history for the last two years (we will need the name and address of the landlord/mortgage holder)
  • Current homeowners' insurance provider and payment amount (if applicable)
  • Current property taxes (if applicable)
  • Loan and/or credit card information, including name, address, and account number of creditor
  • Gift letter from relative(s) if equity funds will be gifted
  • Construction contract, plans, and specs (construction loans only)
  • Signed relocation agreement if your employer is paying for your move
  • Divorce decree/stipulation if alimony, child support, or property settlement is involved (Note: alimony, child support, or separate maintenance income need not be revealed if you choose not to have it considered for paying the loan)
  • Letter of explanation for adverse credit or an employment gap

Why South Coast



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