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Michael Litton has joined SouthStar Bank as the Director of SBA Lending. Michael has worked in lending for more than three decades, developing an extensive knowledge base in mortgage and construction lending, conventional commercial loans, and an astute specialization in SBA Lending, which has been his focus for 29 years. Alongside his wealth of experience, Michael also received a Bachelor’s degree in Business Administration from the University of Texas at Austin.
One of Michael’s crowning career achievements is having started three SBA Lending programs at three different financial institutions, overseeing the approval and funding of more than $500 million in SBA Loans. Michael is passionate about SBA Lending because he has seen firsthand how impactful it can be in helping someone start or acquire a business and in building wealth and creating jobs within the community. In his position with SouthStar Bank, Michael looks forward to continuing to be a preeminent source of expertise in SBA Lending for his colleagues and clients and creating relationships in the communities we serve.
Outside of work, Michael is involved with the Central Texas Government Guaranteed Lenders Association (CTAGGL), an organization dedicated to educating lenders and small business owners about SBA funding. When he finds time to himself, Michael enjoys hunting, fishing, shooting, and spending time with his grandson. Michael is a sixth-generation Texan with deep Texas roots, contributing to the passion he brings to his communities.
When it comes to buying a home, choosing the right financial partner is just as important as finding the right property. Working with a local lender can provide significant advantages throughout the mortgage process! At SouthStar Bank, we believe that local expertise, personalized service, and community commitment can make a meaningful difference in your homebuying experience.
Why Choose a Local Lender?
As a community lender that has provided our communities with unmatched service for more than a century, we draw on local expertise to tailor a solution specific to your needs. Whether you’re purchasing your first home, upgrading to a larger property, or refinancing an existing mortgage, SouthStar Bank’s experienced teams are here to provide you with guidance tailored to your market and financial goals.
Personalized Service
One of the biggest benefits of working with a is the personalized attention you receive. Our lending teams focus on building long-term relationships and support you at every turn of your financial journey.
SouthStar Bank’s dedicated community lenders take the time to answer questions, explain loan options, and help borrowers make informed decisions. This personalized approach is designed to reduce stress and create a smoother mortgage experience.
Faster Communication and Decision-Making
Communication is critical during the mortgage process. Our lending teams are dedicated to keeping you informed at every step of the process and ensuring your questions are addressed promptly and fully.
Faster communication can help keep your loan on track and reduce delays before closing.
Knowledge of the Local Real Estate Market
Every housing market is different. SouthStar Bank lenders understand neighborhood trends, property values, and regional economic conditions that may impact your loan.
This market knowledge allows them to provide more relevant guidance and help identify financing solutions that fit local buyers’ needs. Whether you’re purchasing in a growing community or a rural area, a local lender’s expertise can be invaluable.
Flexible Lending Solutions
Large financial institutions often rely on standardized processes and one-size-fits-all lending programs. Local lenders may offer greater flexibility when evaluating unique financial situations.
If you’re self-employed, have nontraditional income sources, or need specialized financing options, SouthStar Bank’s Star Advantage Program could be a great fit for your needs!
Strong Community Commitment
SouthStar Bank lenders invest in the communities they serve. They support local businesses, participate in community events, and contribute to regional economic growth.
When you choose a local lender like SouthStar Bank, you’re partnering with an institution that understands the importance of helping local families achieve homeownership while strengthening the communities where they live and work.
Why Homebuyers Choose SouthStar Bank
At SouthStar Bank, we combine the personal service of a community bank with competitive mortgage solutions designed for a variety of needs. SouthStar Bank’s experienced lending team is committed to helping borrowers navigate every step of the home financing process with confidence.
From pre-qualification to closing, we focus on building relationships, providing clear communication, and delivering customized lending solutions designed around your goals.
Get Started with SouthStar Bank
Choosing a local lender can make the mortgage process more personal, efficient, and tailored to your needs. If you’re ready to buy a home or explore your financing options, contact your local SouthStar Bank branch today to learn how our local lending team can help you move forward with confidence.
Frequently Asked Questions
Is it better to use a local lender for a mortgage?
Many homebuyers find that local lenders offer more personalized service, faster communication, and a deeper understanding of local real estate markets compared to larger national lenders.
Can local lenders offer competitive mortgage rates?
Yes. Local lenders often provide competitive rates and loan programs while delivering a higher level of customer service and individualized support.
Do local lenders close loans more efficiently?
In many cases, local lenders can streamline communication and decision-making, helping keep the loan process moving efficiently.
What are the advantages of working with SouthStar Bank?
SouthStar Bank offers personalized service, local market expertise, responsive communication, and a commitment to helping customers achieve their homeownership goals.
Should first-time homebuyers use a local lender?
First-time homebuyers often benefit from the guidance and education provided by local lenders. Our experts are happy to explain loan options and help you navigate the mortgage process from start to finish.
If you’re shopping for a high-value home, you may come across the term jumbo mortgage loan. Understanding jumbo loans can help you determine whether this financing option is right for your needs. This guide breaks down the basics of jumbo mortgages and shows how your local SouthStar Bank team can help you navigate the process with confidence.
What Is a Jumbo Mortgage Loan?
A jumbo mortgage loan is a type of home loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These limits vary by location, but in most areas, any loan above the standard threshold (set at $832,750 for Texas in 2026) is considered a jumbo loan.
Jumbo loans are not eligible for purchase by Fannie Mae or Freddie Mac and are therefore considered nonconforming loans. This means lenders take on more risk, which often results in stricter qualification requirements for borrowers.
Key Features of Jumbo Loans
Jumbo mortgage loans share some similarities with conventional loans, but there are a few important differences:
Higher Loan Amounts: Designed for luxury homes or properties in competitive real estate markets.
Stricter Credit Requirements: Borrowers typically need a higher credit score, often 700 or above.
Larger Down Payments: Many jumbo loans require at least 10–20% down, though options may vary.
Lower Debt-to-Income Ratios: Lenders want to ensure you can comfortably manage larger monthly payments.
Cash Reserves: You may need to show several months of reserves to qualify.
Who Should Consider a Jumbo Loan?
A jumbo mortgage loan may be a good fit if you’re:
Purchasing a high-priced home
Buying in a competitive or high-cost housing market
Looking for financing that exceeds conforming loan limits
Financially stable with strong credit and income
Even if you meet these criteria, it’s important to work with a knowledgeable lender who can guide you through the unique requirements of jumbo financing. At SouthStar Bank, our lending team has the experience, knowledge, and local expertise to guide you every step of the way!
Benefits of a Jumbo Mortgage Loan
While jumbo loans come with stricter qualifications, they also offer several advantages:
Financing for Luxury Properties: Access to higher loan amounts allows you to purchase your dream home.
Choose Between a Variety of Mortgage Terms: SouthStar Bank offers a number of options including 30-year fixed rate mortgages, Adjustable Rate Mortgages (ARM), and in certain cases Interest Only options.
No Fannie Mae or Freddie Mac Restrictions: Because jumbo loans are nonconforming, many traditional restrictions are lifted.
How SouthStar Bank Can Help
At SouthStar Bank, we understand that purchasing a high-value home is a major financial decision. Our experienced mortgage team works closely with you to simplify the jumbo loan process and find a solution tailored to your needs.
We offer:
Personalized guidance from application to closing
Competitive jumbo mortgage rates
Flexible terms designed for your financial goals
Local expertise you can trust
Whether you’re upgrading your home or investing in a premium property, SouthStar Bank is here to help you secure the financing you need.
A jumbo mortgage loan can open the door to higher-priced homes and expanded buying opportunities, but it’s important to understand the requirements before you apply. By partnering with a trusted lender like SouthStar Bank, you can move forward with confidence and clarity.
Looking to learn more about jumbo mortgage loans? Contact SouthStar Bank today to explore your options and take the next step toward your dream home.
Frequently Asked Questions About Jumbo Mortgages
What qualifies as a jumbo mortgage?
A jumbo mortgage is any home loan that exceeds the conforming loan limit established for the area where the property is located.
Is it harder to qualify for a jumbo loan?
Generally, yes. Jumbo loans often require stronger credit, stable income, lower debt levels, and additional financial documentation compared to conventional mortgages.
Do jumbo loans require larger down payments?
Not always. Down payment requirements vary by lender, borrower qualifications, and loan program. Some borrowers may qualify with lower down payments than expected.
Can first-time homebuyers get a jumbo mortgage?
Yes. First-time homebuyers can qualify for jumbo financing if they meet the lender’s credit, income, and financial requirements.
Are jumbo mortgage interest rates higher?
Not necessarily. Depending on market conditionsand borrower qualifications, jumbo mortgage rates are often similar to conventional loan rates.
How do I know if I need a jumbo loan?
If the amount you need to borrow exceeds the conforming loan limit for your area, a jumbo mortgage may be required. If you are not sure if you will need a jumbo loan for your mortgage, a SouthStar Bank mortgage specialist can help determine the best financing option for your situation.
Your credit score is a vital part of your financial viability, from qualifying for a mortgage or auto loan to securing lower interest rates and more favorable loan terms. Whether you are building credit for the first time or working to improve your current score, taking the right steps today can help create more financial opportunities tomorrow.
At SouthStar Bank, we believe financial education is an important part of long-term success. Here are practical ways to improve your credit and help strengthen your financial future.
Why Your Credit Score Matters
Your credit score is a number that helps lenders evaluate how responsibly you manage debt. A stronger credit score may help you:
Qualify for home loans, auto loans, credit cards, etc.
Receive lower interest rates
Help your chances of qualifying for rental properties
Access better financing options
Build long-term financial confidence
Because credit plays such an important role in borrowing capital, maintaining healthy financial habits is essential.
1. Make Payments on Time
One of the biggest factors affecting your credit score is payment history. Even a single missed payment can negatively impact your credit and remain on your report for 7 years.
Use these quick and easy methods to ensure you don’t miss payments:
Set up automatic payments
Use payment reminders or calendar alerts
Pay at least the minimum amount due each month
Consistently paying bills on time demonstrates financial responsibility and can help improve your score over time.
2. Keep Credit Card Balances Low
Your credit utilization ratio measures how much of your available credit you are using. The general rule of thumb recommended by experts is to keep utilization below 30%.
For example, if your credit limit is $10,000, aim to keep balances below $3,000.
Paying down balances can positively affect your credit score and reduce overall interest costs.
3. Avoid Applying for Too Much New Credit
Every time you apply for new credit, lenders may perform a hard inquiry on your credit report. Multiple inquiries within a short timeframe can temporarily lower your score.
Before opening any new accounts, consider whether additional credit is truly necessary, and review whether enquiring about new credit will result in a soft or hard pull of your credit.
4. Review Your Credit Report Regularly
Monitoring your credit report can help you identify errors or fraudulent activity that may affect your score.
When reviewing your report, check for:
Incorrect personal information
Accounts you do not recognize
Inaccurate late payments
Incorrect balances
Correcting errors in your report may help improve your credit profile.
5. Maintain Older Credit Accounts
Length of credit history is another important credit scoring factor. Older accounts help establish a longer track record of responsible borrowing.
If possible, avoid closing long-standing credit accounts unless there is a compelling reason.
6. Build Healthy Financial Habits
Improving your credit often starts with better overall money management. Creating a monthly budget, reducing debt, and building emergency savings can all contribute to long-term financial stability.
Improving Credit Takes Time
There is no instant fix for improving your credit score. Focus on making steady progress and building responsible financial habits to make meaningful improvements over time.
Small steps taken consistently can make a big difference in your financial future.
Frequently Asked Questions About Improving Credit
How can I improve my credit score quickly?
Paying bills on time and lowering credit card balances are two of the fastest ways to positively impact your credit score.
What is a good credit score?
Credit score ranges vary, but scores in the mid-700s and above are generally considered good to excellent.
Does checking my credit score hurt my credit?
Checking your own credit score is considered a soft inquiry and does not affect your credit score.
How long does it take to improve credit?
The timeline varies based on your financial situation, but many people begin seeing improvement within several months of practicing healthy credit habits.
Managing student loan payments while balancing everyday expenses can feel overwhelming, especially for recent graduates and young professionals. While this can be a challenge, creating a realistic budget can help you stay on top of your student loans and build healthy financial habits while still working toward your long-term goals.
At SouthStar Bank, we believe financial success starts with a plan. Here’s how to create a budget while paying off student loans without sacrificing your financial future.
Start by Understanding Your Monthly Income
The first step in building a budget is to know exactly how much money you bring home each month after taxes and deductions. This includes:
Paychecks
Side income or freelance work
Financial support or stipends
Any recurring income sources
Once you know your monthly income, you can begin assigning funds to expenses and savings goals
List All Monthly Expenses
Next, write down your fixed and variable expenses. You can review your expenses by going through your bank statements and categorizing the expenses.
Fixed Expenses
These expenses stay relatively the same each month:
Rent or mortgage
Student loan payments
Car payments
Insurance
Utilities
Phone bills
Variable Expenses
These expenses can fluctuate:
Groceries
Gas
Dining out
Entertainment
Shopping
Tracking your spending for a few months can help you identify areas where you may be consistently overspending.
Use the 50/30/20 Budget Rule
A popular budgeting method is the 50/30/20 rule:
50% for needs like housing, groceries, and loan payments
30% for wants like travel or entertainment
20% for savings and debt repayment
While this is a solid framework, if student loan debt is a major priority, you can adjust the percentages to dedicate more toward repayment.
Prioritize Student Loan Payments
Making consistent, on-time student loan payments is important for protecting your credit score and avoiding additional interest or penalties.
If possible:
Pay more than the minimum payment
Make biweekly payments instead of monthly
Apply extra income like tax refunds or bonuses directly toward debt
Even small additional payments can reduce the total interest paid over the life of the loan.
Build An Emergency Fund
While paying off student loans is important, having emergency savings matters too. Unexpected expenses can lead to additional debt if you’re unprepared.
Start with a goal of saving:
$500 to $1,000 for emergencies
Eventually, 3–6 months of living expenses
Keeping emergency savings in a separate savings account can help you avoid dipping into those funds unnecessarily.
Reduce Unnecessary Spending
Creating a budget doesn’t mean eliminating all fun spending. Instead, focus on building intentional spending habits.
Below are some examples of some quick ways to reduce spending:
Cook at home more often
Cancel unused subscriptions
Refinance high-interest debt
Set up automatic payments to avoid late fees
Small changes can free up extra money for savings or loan repayment.
Make sure to take advantage of tools like SecureAlerts and automatic transfers can go a long way to keeping you on track with your goals. SecureAlerts allow you to set up notifications for a number of different account activities including Debit Card Purchases, Balance Alerts, ATM Withdrawals, Loan Payment Reminders, and more! Keeping this information top of mind can help ensure you don’t miss any loan payments and incur late fees or penalties. Setting up automatic transfers to savings based around pay periods or recurring income can also help to build your emergency fund or make sure you have the proper balance in an account before a payment is processed.
Working with a trusted community bank like SouthStar Bank can also provide guidance as you build strong financial habits and plan for future goals.
FAQ: Budgeting While Paying Off Student Loans
How much of my income should go toward student loans?
A good starting point is 10–20% of your monthly income, depending on your other financial obligations and goals.
Should I save money while paying off student loans?
Yes. Building an emergency fund is important even while repaying debt to help cover unexpected expenses.
Is it better to pay off student loans early?
Paying off student loans early can reduce interest costs and help improve your debt-to-income ratio, but it’s important to balance repayment with savings goals.
What budgeting method works best for student loan borrowers?
The 50/30/20 budget rule is a popular option because it helps balance essential expenses, lifestyle spending, and debt repayment.
Can student loans affect my ability to buy a home?
Yes. Student loan debt can impact your debt-to-income ratio, which lenders consider during the mortgage approval process. However, many borrowers can still qualify for a mortgage while managing student loans responsibly.
A practical savings plan can help turn financial motivation into long-term stability.
If the past few years were known for “revenge spending,” 2026 has seen a major shift: Americans are now embracing “revenge saving.”Instead of splurging after stressful seasons, people are saving more aggressively—rebuilding emergency funds, planning for homeownership, and regaining a sense of financial control.
This movement is especially strong among millennials and Gen Z, who are pairing revenge saving with “loud budgeting”—openly telling friends, coworkers, and even social media: “That’s not in my budget this month.” It’s a financial trend rooted in empowerment, not deprivation.
More importantly, households are looking for trusted, local banking partners to help them turn this cultural shift into real, long-term financial stability. That’s where SouthStar Bank comes in, offering high-quality savings accounts, checking options with smart automation features, competitive CDs, and flexible mortgage solutions to support every savings milestone.
In this in-depth guide, you’ll learn what revenge saving is, why it’s rising in 2026, and how to use SouthStar Bank’s products to put this trend to work for your goals.
What Is “Revenge Saving”?
“Revenge saving” refers to the decision to save aggressively after a period of overspending, financial stress, or economic uncertainty. Instead of letting money slip through the cracks, people are taking control, using structured plans, clear goals, and better tools (like savings accounts and CDs) to push ahead.
Unlike traditional saving which is slow and steady, revenge saving is:
Intentional – You’re actively choosing savings over impulsive spending
Motivated – Often triggered by frustration with inflation or past spending habits
Goal-oriented – Focused on big milestones like emergency funds or down payments
Financial analysts highlight revenge saving as one of the top behavioral money trends of 2025 and 2026, alongside mindful budgeting, income stacking, and increased financial transparency.
Why 2026 Is the Perfect Time for Revenge Saving
1. Inflation Pressure Has Changed Spending Behavior
Even as inflation cools, higher prices across groceries, gas, and home essentials continue to impact household budgets. Many families simply want to regain stability and prepare for future uncertainty.
2. People Want Bigger Emergency Cushions
Reports show that many households still don’t have 3 months of expenses saved. Revenge saving is helping people rebuild those cushions more quickly and confidently.
3. Savings Tools Are More Accessible Than Ever
Products like SouthStar Bank’s Savings Accounts, Money Market Accounts, and Certificates of Deposit (CDs) give savers more ways to grow their money safely.
4. The “Loud Budgeting” Trend Helps Reinforce Saving
Gen Z popularized it and now all age groups are embracing boundaries around spending. Revenge saving thrives in environments where saying “not today” to optional purchases is socially supported.
How to Turn Revenge Saving Into Real Financial Progress
Below are proven strategies paired with the right SouthStar Bank products to help you make the most of this trend.
This “dual approach” ensures you stay flexible with essentials while building long-term savings momentum.
2. Build a CD Ladder for Predictable Growth
A CD ladder means opening multiple CDs with staggered maturity dates such as 6, 12, 18, and 24 months. Each CD unlocks at a different time, giving you:
Consistent access to funds
Ability to reinvest at future rates
Steady, disciplined saving
SouthStar Bank offers flexible CD terms, allowing you to customize your ladder around your savings goals.
Revenge saving is the trend of saving aggressively after a period of overspending or uncertainty. It’s a way to regain control and rebuild financial stability.
2. Is revenge saving effective long-term?
Yes. While the trend is culturally popular, the habits—budgeting, automation, and disciplined goal-setting—create long-term financial health.
3. How much should I save each month?
A good starting point is 10–20% of take-home pay. If that’s too high, start smaller and increase 1–2% each month.
4. Should I save before paying off debt?
Build a small emergency fund first (such as $1,000), then pay down high-interest debt while continuing slow, steady saving.
Match the CD term to your timeline. For short-term goals, try 6–12 months; for longer-term savings, use 18–24 months or create a ladder with multiple terms.
It’s openly sticking to your budget and telling others when a purchase doesn’t align with your savings goals. It supports revenge saving by making boundaries clear.
9. How can I automate my revenge saving plan?
Set up auto-transfers from your SouthStar Checking to Savings or CDs. Automation ensures consistent progress without relying on willpower.
10. How can SouthStar Bank help me reach my goals faster?
SouthStar offers a full suite of savings tools including Savings, Money Market, CDs, and Mortgage Lending so you can build wealth, stay disciplined, and move closer to your financial milestones.
Ready to Start Your Revenge Saving Journey?
SouthStar Bank is here to help you build financial stability with trusted local service and modern tools.
