Our quick and easy mortgage options can help you save money!
Local lending decisions mean fast results. Unlike with national banks, SouthStar Bank Mortgage loan applicants never have to wait for their applications to find their way through a lengthy, out-of-state loan review committee process.
We’ll walk with you through the entire Austin mortgage loan application and approval process to find the best solution for your needs. Our Texas-friendly mortgage lending professionals know the local real estate market. They live and work where you’ll soon call home.
Mortgage loan approval with SouthStar Bank opens the doors to competitive low-interest rates and fair closing costs. Qualified applicants may also enjoy the benefits of origination, processing, and underwriting fee waivers.
We Offer Mortgage Solutions For Real People
Traditional or Government-Backed Mortgage Lending
Purchase your dream home with a fixed or variable interest rate Fannie Mae, Freddie Mac, FHA, USDA, or VA mortgage from SouthStar Bank. Regardless of your current life stage, e.g., newlyweds, single, family with young children, or retired, we avoid a cookie-cutter approach. Our customer-focused mortgage lenders take the time to get to know you so matching the right mortgage to your lifestyle isn’t a guessing game. It simply makes financial sense.
Star Advantage Program
Not everyone qualifies for traditional mortgage programs, but that doesn’t mean homeownership is no longer an option. SouthStar Bank’s Star Advantage Program opens the doors for provides hope many would-be home buyers without extensive employment histories and high credit scores.
No and Low-Down Payment Mortgage Options
Saving for the standard 10-20 percent down payment has its advantages, which include a smaller loan balance, less paid in interest over the life of the loan, and instant home equity. However, if lack of a sizeable down payment is causing a delay in homeownership, consider a no or low down payment mortgage loan.
While saving for your down payment, home prices will likely continue to rise. Postponing the purchase of your new home can also cause you to miss out on historically low interest mortgage rates and flexible financing programs. Ask us about our no down payment mortgages for properties up to $700k. Financing is also available for up to $1 million, with only 5% down.
Building your dream home takes special care and financing. From securing the perfect lot to completing all phases of construction, SouthStar Bank, an Austin mortgage company, can provide the funding to make it happen. For example:
- Situation #1: You’ve identified your perfect parcel, but would like to take your time finding the right architect and builder.
- Possible Solution: Lot loans allow for the purchase of the land before construction plans have been finalized.
- Situation #2: You’ve found an ideal custom home solution with a local turn-key builder. Their semi-custom and custom homes are available on lots owned by the builder.
- Possible Solution: Construction home loans provide the funding needed during each phase of the build. Financing can also pay off an existing lot loan.
- Situation #3: You’ve narrowed your selection of lots and construction plans, but haven’t yet secured financing for your custom build. You’re ready to lock-in potentially lower interest rates, lower monthly payments, and benefit from a one-time closing.
- Possible Solution: Construction-to-permanent loans cover costs of the lot purchase thru the completion of the construction all in a single loan.
Since everyone’s situation is different, let SouthStar Bank’s expert mortgage lenders help you identify the type of construction financing that is the best match for your new home.
Home Mortgage Refinance
Since the time you purchased your current home, it’s likely that interest rates have decreased, home values have increased, and your credit score and income have risen. Refinancing a mortgage loan opens you up to exciting possibilities to save money that might include:
- Lower monthly payments that free up funds for other financial goals
- Private Mortgage Insurance (PMI) removal which reduces the costs of homeownership
- Conversion of an adjustable-rate mortgage (ARM) to a fixed-rate loan which results in predictable monthly payments
Refinancing can create additional savings opportunities such as removing balloon payment requirements, reducing the repayment terms, or using available cash to pay off other debts or put toward other investments.
SouthStar Bank offers lending solutions home loan programs that make sense for your unique financial situation, regardless of whether you’re:
- Starting a new job;
- Recovering from an unexpected life event;
- Recovering from blemished credit, foreclosure or bankruptcy;
- Or, have atypical property financing needs such as rural homesteads, agricultural or investment properties.
As an Austin mortgage lender, we can provide funding options unavailable at many national lending institutions. SouthStar Bank is a different kind of mortgage company. that We considers a potential borrower’s complete financial picture, instead of relying solely on traditional qualifiers such as credit scores, down payment, debt load, and income. As an FDIC insured institution with over $800 million in assets, you can be confident in our common-sense approach to providing lending solutions.
Apply for Home Loan Financing
Visit one of our full-service Austin area branches where a community banking professional is ready to guide you through the Austin mortgage process. Whether you’re a first-time buyer, building your dream home, or purchasing recreational property, SouthStar Bank is the partner you can count on.
Austin Area Branch Locations
About the Bee Cave Area
Approximately 18 miles from downtown Austin, the Bee Cave area is close to two famous watering holes: Lake Travis and Hamilton Pool. Upscale homes in this area overlook spectacular Hill Country views. A favorite among families, the Lake Travis Independent School District is known for its award-winning sports and academic programs.
About the Georgetown Area
Located approximately 30 miles from the center of Austin, Georgetown is one of the fastest-growing communities in Texas. This former sleepy town now attracts home buyers from around the country with an abundance of beautiful, one-acre lots that boast panoramic Hill Country and lake views. This location is popular with home buyers looking to build their custom and semi-custom homes on spacious lots.
About the Leander Area
Less than 20 miles from Georgetown, Texas is another booming city, Leander. Hop on Capital Metro’s light rail service, near N. Hwy 183 and FM 2243 and enjoy the 32-mile route into downtown Austin. Residents use the service to easily commute to several major employers and other popular downtown destinations. The Leander Independent School District has a history of high honors for educational excellence as recognized by the Texas Education Agency. This area is known for affordable single-family residential housing.
About the Round Rock Area
Our Round Rock branch is located, just north of Austin. Less than 25 miles from the Texas capital building, this city boasts a range of master-planned communities to call home. Many area homes are built alongside the greenbelt, allowing residents to enjoy miles of walking and biking trails. Community home builders offer a variety of floorplans to suit small and large families.
About the Southwest Austin Area
The southern part of Austin contains a mix of new master-planned communities and well-established neighborhoods. Close to area lakes, shopping, and downtown, residents never tire of the seemingly endless entertainment possibilities.
About the Steiner Ranch Austin Area
Our Steiner Ranch Branch, situated in Northwest Austin, is surrounded by miles of greenbelt and eye-popping, spacious properties. While still located in Austin, most homes are supported by Leander Independent School District. Homes in this area are close to area lakes, nature preserves, hiking trails, and other outdoor landmarks.
Do you have your eye on a property in one of these locations? Contact a lending professional today to receive the superior customer service you deserve. When you select a loan officer at a Branch near your property of interest, they can provide detailed information about the area. In either case, we’re available to answer your questions and confidently walk you through the mortgage loan application process.
Established in 1920, SouthStar Bank, S.S.B., headquartered in Moulton, Texas, offers flexible, common-sense lending solutions. We specialize in residential mortgage, real estate, and construction financing. SouthStar Bank holds a 5-star superior rating with >Bauer Financial and maintains a positive Statement of Condition