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Bank News

Non-Recourse IRA Loans

FDIC – Insured – Backed by the full faith and credit of the U.S. Government IRA LOANS Grow your retirement fund by investing in real estate GET STARTED If you’re looking for a simple way to diversify your retirement portfolio an IRA loan might be a good fit. Eligible borrowers can use their self-directed IRA to expand investment options beyond traditional avenues into real estate. Find Out if You Pre-qualify for an IRA Loan. SouthStar Bank Offers an Easy Path to Self-Directed IRA Loans Borrow What You Need At SouthStar Bank, there is no minimum or maximum loan amount. Your loan is in the name of your IRA, and the amount you borrow depends on the value of your real estate investment. Single-family homes and condominiums (2-4 unit) are eligible for non-recourse IRA loans with SouthStar Bank. Keep in mind, the property must generate sufficient net operating income/cash flow that exceeds debt payments. Eligible borrowers will need to have a portion of the purchase price vested in a self-directed IRA. The actual down payment for your non-recourse IRA loan will depend on the property you purchase, condition, and expected cash flow. SouthStar Bank typically requires a minimum down payment of 40%. Competitive Interest Rates SouthStar Bank offers competitive interest rates on self-directed IRA loans. You’ll find adjustable rates to meet your investment needs. If you’re worried about how your credit score will affect your application on an IRA loan, relax. Unlike traditional loans, you can qualify for an IRA loan, even if your credit score isn’t perfect. How is this possible? Simple. Your credit isn’t a determining factor because the loan isn’t made in your name. Instead, it’s made in the name of your self-directed IRA. Limit Your Liability One of the best features of a self-directed IRA loan with SouthStar Bank is that it is considered non-recourse, meaning your remaining assets aren’t at risk. The loan is made directly to the IRA, not to you as the account holder. Your credit history isn’t a factor, yet you’re still able to purchase an income-producing property. A non-recourse IRA loan lets you invest in real estate without jeopardizing your finances. If you default on your loan, you’re not personally responsible for repaying the loan. And, the remaining IRA funds and other assets you own are protected. Grow Your Retirement Fund by Investing in Real Estate If you don’t already have a self-directed IRA, you can open one or transfer an IRA into a self-directed IRA. When you convert a standard brokerage-managed IRA to a self-directed IRA account, you open the door to a more diverse range of investing options. You also can grow your retirement fund by getting higher returns through investing in real estate. Repayment Terms That Work for You At SouthStar Bank, we match you with lending terms that fit your finances. We offer adjustable-rate lending based on a 30-year term, and you’ll never have to worry about a prepayment penalty. This is your loan, and you can repay […]

Congratulations Curtis Wren! New Executive Vice President

Congratulations to Curtis Wren on his promotion to Executive Vice President! Curtis has spent the last four decades in banking and finance. He has been with SouthStar Bank for the last eight years, where he has made a significant impact on the Bank’s loan approval process as a Senior Vice President and Chief Credit Officer. In his role, Curtis is responsible for the Credit Administration Group and the administration and maintenance of the Bank’s Lending, Appraisal & Evaluation, and Environmental policies, and the adherence to them in analyzing, underwriting, and approving loans. Prior to his promotion, Curtis was awarded the 2021 President’s Award, which is given to the individual who has made the organization’s strongest contribution over the past year. As Executive Vice President and Chief Credit Officer, Curtis will continue to share his extensive knowledge and experience with the loan officers and credit analysts. “I don’t look at lending just from the viewpoint of the collateral and cash flow,” he says, “I look at lending in the context of the request and as making a smart investment in the people behind the request, and I will continue to share that philosophy.”  A proud member of the Georgetown community, Curtis is involved with several local organizations including Main Street Baptist Church, Ducks Unlimited, and the Coastal Conservation Association. He has also held leadership positions with the Georgetown Rotary Club where he was the Director and the Sargent-at-Arms. In his free time, Curtis enjoys barbecuing, traveling, and spending time with his family and friends, particularly his four grandchildren. Two of  his most significant personal accomplishments are his marriage to wife, Charis, for 38 ½ years and the wonderful family they have raised. A surprising pastime is that he enjoys making renovations to his 1890s home and yard. Member FDIC | Equal Housing Lender | NMLS# 680305

Branch Locator

FDIC – Insured – Backed by the full faith and credit of the U.S. Government Branch Locations Find a SouthStar Bank Branch Near You Looking for an ATM? Click here to find a surcharge-free ATM near you. If you’re searching for a bank near me in Moulton, SouthStar Bank ATM / Debit cardholders can also conduct transactions at any Frost Bank branch ATM at no charge. View the SouthStar Bank Holiday Schedule

Congratulations Amanda Aaron! 2022 Emerging SBA Lender of the Year

Amanda Aaron has been named a 2022 Emerging SBA Lender of the Year by Coleman Publishing, which is a Nationally recognized publication of SBA information to small business bankers. Amanda joined SouthStar Bank in July 2019, bringing in over 15 years of financial experience to the team. Beginning her career in credit and quickly working her way up to a seasoned loan officer, Amanda expertly guides her clients through the entire lending process and makes them feel comfortable in what can seem a daunting endeavor. Amanda is levelheaded, compassionate, and practical when it comes to SBA lending. She takes the time to learn the client’s business and identify the best loan option for their financial needs. Keeping the borrower’s utmost success in mind, she quickly becomes a trusted advisor and partner. With small-town roots, Amanda is passionate about small business and its crucial effect on main street America. This passion drives her ongoing pursuit to be the subject matter expert for all things SBA, even in an ever-changing environment. This was especially crucial during the frenzy of PPP lending where Amanda remained up to date on the latest guidelines. As a valued member of the SouthStar Bank SBA Team, Amanda actively shares her knowledge with new and seasoned loan officers.  Amanda is a member of Commercial Real Estate Women (CREW) and the Central Texas Association of Government Guaranteed Lenders (CTAGGL). Coleman Publishing is the leading provider of information to small business bankers. They produce and distribute training courses, webinars, and newsletters to help assist small business bankers in their lending decisions. Every year Coleman Publishing hosts the SBA Lender Professional Awards to honor SBA lenders and their exceptional contributions to the SBA lending community. Congratulations Amanda! Member FDIC | Equal Housing Lender | NMLS# 1819235

Congratulations Jeff Harris! New Branch Executive

Congratulations to Jeff Harris on his promotion to Branch Executive! Jeff Harris has been promoted to Branch Executive at our Kerrville Branch. In banking since 2017, Jeff specializes in mortgage and consumer lending. A proud US Marine Corps. Veteran, Jeff has a passion for helping his fellow Veterans and families obtain the ultimate goal of homeownership. The values instilled in the USMC have influenced Jeff’s passions, which include active involvement in his community and building strong, trust-based relationships. “I am committed to helping clients achieve their dreams of owning a home; whether they are a first-time homebuyer or a high-net-worth investor, they will experience the same level of professionalism and compassion.,” he says. While Jeff will be taking on a new role, he plans to remain active in his community. Currently, Jeff serves as President for The Rotary Club of Kerrville and sits on the board of The City of Kerrville Planning & Zoning Commission.  He is also the Vice President of the Hill Country Crisis Council, a Director for Together with Hill Country Veterans, and is currently enrolled in Leadership Kerr County Class 36. When he is not working, Jeff loves spending time with his wife Kristy, who is also a Veteran, attending Church, going salt-water fishing, attending symphony concerts, sporting events, and playing golf. Member FDIC | Equal Housing Lender | NMLS# 1678994

Congratulations Amber Gallagher! New CRE Draw Manager

Congratulations to Amber Gallagher on her promotion to CRE Draw Manager! Amber Gallagher was promoted to CRE Draw Manager of the SouthStar Bank Commercial Real Estate Department. In the industry for over 15 years, Amber started as a Personal Banker. Since her transition to lending, she has been instrumental in the closing and servicing of some of the most complex and high-dollar transactions in SouthStar Banks’s portfolio. Amber enjoys working closely with clients on their loan needs and assisting loan officers in carrying out smooth transactions. Her expertise and attention to detail are just two of the many reasons she has been chosen to take over as CRE Draw Manager. She will continue in her role as Vice President and Commercial Loan Closing Coordinator handling a broad range of business, from agriculture and commercial loans to mortgage financing. Amber and her husband enjoy spending time with their kids and watching them grow in their college education pursuit and new adventures. During her time away from the office, Amber and her family enjoy spending time outside on different lakes boating and surfing. Member FDIC | Equal Housing Lender | NMLS# 1691626

Commercial Lending

FDIC – Insured – Backed by the full faith and credit of the U.S. Government COMMERCIAL LENDING Let our solution-focused team put your business on the road to growth, sustainability, and long-term success. FIND A LENDER “A big bank with a small-town feel. We moved here from Florida and had the best bank on our little island and were so pleased with finding SouthStar Bank when we moved to Texas. They give very personal attention every time we go and remember our names! They give great incentives to the kids savings as well.” ~ Kyle Local and Experienced With over 100 years of commercial lending experience, chances are we can find a solution that works for you. And because we’re local, we understand how regional market dynamics impact your business. This perspective helps us understand your specific situation and provide services based on flexible, common sense criteria that meet your needs. Not only do we live and work in the community – we make decisions here – so you can always count on a timely response to your commercial real estate loan request. Whether you’re expanding, refinancing, or starting fresh, our commercial real estate loan options are designed to help your business grow. Commercial Lending Capabilities Real Estate: Agriculture / Investment / Income / Owner Occupied Development & Construction:  Commercial / Industrial / Residential Facilities:  Infrastructure / Equipment / Remodels Guidance & Credit Lines Livestock Vehicles:  Car  / Truck / Special Purpose SBA 504 / SBA 7(a), USDA For more information or to speak with a business banking lender, call or visit your nearest branch. APPLY NOW Get Started Today! For more information or to speak with a business banking lender, call or visit your nearest branch. Loan Application Apply today for your commercial loan. Speak with a dedicated loan officer who understands local dynamics and can simplify the lending process. Find A Lender

Star Advantage Program

FDIC – Insured – Backed by the full faith and credit of the U.S. Government STAR ADVANTAGE PROGRAM APPLY NOW APLICA AHORA “We could not be happier with our choice to bank with SouthStar. The customer service is truly second to none. If you’re looking for a true Texas bank with the best banking experience you’ll ever get, SouthStar is the one!” ~ Chandra A. Mortgage Solutions for Unique Situations: Investment Property and Portfolio Loans Ever-changing regulations can make it difficult for qualified borrowers to secure a home loan through traditional secondary market programs like Fannie Mae or Freddie Mac. That’s where we really shine. Our investment property loans and portfolio loans are designed for unique situations, providing flexible financing options for investors and homeowners who don’t fit conventional lending guidelines. Whether you’re purchasing a multi-unit property, refinancing an existing investment, or need a custom financing solution, our portfolio loan programs allow you to move forward with confidence while meeting your financial goals. By tailoring each loan to your specific situation, we ensure a smoother approval process and the ability to seize opportunities that standard lending might overlook. Flexible Portfolio Loan Options from Trusted Real Estate Portfolio Lenders At SouthStar Bank, we understand that your financial story is more than just an income statement or credit report. That’s why our portfolio loan solutions provide flexibility, allowing lending decisions to be based on your overall financial picture — not just your past. When you don’t quite meet the strict requirements for a traditional mortgage, our Star Advantage Program offers in-house portfolio loans that help qualified buyers secure the funding they need. As one of the reliable real estate portfolio lenders, we provide solutions for atypical properties, including: Lot Loans and Construction Financing Investment Properties Unique Properties: Green Homes, Barndominiums, Condominiums & More Below are examples of challenges we’ve worked through to make deals happen: Self-employed Retired Starting a new job Recovering from an unexpected life event Recovering from blemished credit, foreclosure or bankruptcy Local Texans From downtown Austin high rises to the Dripping Springs hill country, rivers of New Braunfels and open acreage ranch property, we understand the many appeals of Texas. Our lenders will work to find the mortgage solution for you. APPLY NOW Talk to A Loan Expert Please complete the form below and one of our mortgage lenders will be in touch. For immediate assistance during business hours, please call or visit your

Consumer Lending

FDIC – Insured – Backed by the full faith and credit of the U.S. Government CONSUMER LENDING A Partner You Can Count On – Among the Best Mortgage Lenders in Texas During more than 100 years of lending experience, SouthStar Bank has proudly helped thousands of people achieve their dreams. Whether you’re a first-time homebuyer, building your dream house, purchasing recreational property, or simply need cash for life’s expenses, we stand among the best mortgage lenders in Texas you can count on. Our flexible, common-sense lending approach allows us to tailor solutions that fit your unique needs, offering competitive rates, fair closing costs, and quick in-house decision-making without relying on out-of-state committees. Committed to trust, integrity, and personalized service, SouthStar Bank continues to be recognized as one of the best mortgage lenders in Texas, dedicated to helping you turn your financial goals into lasting success. Get started today! Click here to find a loan officer near you. APPLICATIONS & FORMS ONLINE MORTGAGE APPLICATION Consumer Loans: Mortgages: Star Advantage Program: Home Loans for Unique Situations Traditional Home Loans Interim Construction to Permanent Financing Low Down Payment Options Personal: Non-Recourse IRA Loans Home Equity Home Improvement Equipment Vehicles Farm and Ranch

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