Loan Products

Click the links below for more information on each of our loan products.

Conforming Fixed Rate Loans up to $453,100

        • 15 & 30 year loans up to 97% Loan to Value (LTV)
        • Community Homebuyers Program
        • Second Home loans up to 90% Loan to Value (LTV)
      • Investor program loans up to 85% Loan to Value (LTV)

Conforming Adjustable Rate Mortgage (ARM) Loans up to $453,100

      • 30 year loans up to 95% Loan to Value (LTV)
      • 3/1, 5/1, 7/1, 10/1 ARMS (Fixed Period ARMs)

Fannie Mae HomeReady

      • For creditworthy, low to moderate income borrowers
      • expanded eligibility for financing homes in designated communities, including disaster-impacted locations

Jumbo Loan Programs up to $2,500,000

      • Fixed rates
      • Fixed period ARMs up to 80% financing up to $650,000

Contact us at a location near you for more information

Charlotte NC  Greenville SC  West Jefferson NC  Wilkesboro NC   Ahoskie NC

Manufactured Home Loans

Farm Loans

Investment Properties

      • Financing up to 85% Loan to Value (LTV)

Cash out Refinances

      • Maximize the use of the equity in your home by financing up to 75% LTV and 80% CLTV of your home to pay off credit card debt or other loans to save you money.

Fannie Mae HomeStyle Renovation

      • Finance improvements for up to 50% of the property’s as-completed value
      • Down payment as little as 5%

One-time Close Loans

      • Construction / Construction-to-permanent loans
      • All-in-one financing for construction, lot purchase and permanent funding with one closing

Government Mortgage Loan Programs

Using responsible lending practices and government insured programs such as FHA, VA, USDA & NC Housing Loans, we can help you get the loan you need. Contact us for information about eligibility guidelines and locations. When you call, ask about our 100% financing options and see if you qualify to purchase your new home with no money down.

The content and links regarding the programs presented is intended for information that may be helpful to the consumer in selecting a loan for the purpose of a home purchase or refinance. AmeriSouth Mortgage Company has no affiliation with the VA, HUD, USDA or NC Housing. We provide financing using any of these programs the consumer may choose subject to the program qualification.

FHA Allowances for Credit Issues:

  • Minimum Credit Score:
    • 500 with Automated Underwriting
    • 560 with Manual Underwriting
  • Non-Credit Qualifying Streamline refinances allowed
  • Gift Funds allowed for Down Payment and Closing Costs
  • Escrow Holdback allowed
  • Manual Underwrites

Apply Now

Veterans Administration Loans 

We help Service members, Veterans, and eligible surviving spouses become homeowners.

VA Allowances for Credit Issues:

  • Minimum Credit Score:
    • 500 with Automated Underwriting
    • 560 with Manual Underwriting
  • Cash-out up to 100% Loan-to-Value (LTV)
  • Foreclosure/Short Sale/Bankruptcy<2 years ago allowed with Automated Underwriting

Apply Now

USDA Rural Development

We offer the USDA Rural Development Program with a 102% Loan to Value for a true “No Down Payment” purchase for eligible borrowers and locations.

USDA Allowances for Credit Issues:

  • Minimum Credit Score:  581
  • 100% maximum Loan-to-Value (LTV)
  • Manual Underwrites
  • No maximum loan amount
  • USDA Streamlined, Streamlined-Assist, and Rate/Term Refinances allowed

Apply Now

North Carolina Housing Loans (NCHFA)

We provide NC families with NC Housing loans in all counties across the state.

      • NC Home Advantage Mortgage™ – offers down payment assistance up to 5% of the loan amount for first-time and move-up buyers.
      • NC 1st Home Advantage Down Payment – offers an $8000 down payment assistance option for eligible first-time buyers (those who haven’t owned a home as their principal residence in the past three years) and military veterans.

House Charlotte Programs

      • Deferred, forgivable loans to qualified applicants, buying a home in the City of Charlotte.
      • Funds can be used to cover down payment, closing costs, and interest rate buy-down.

South Carolina State Housing Finance & Development Authority Homeownership Program Loans (SC Housing)

We provide SC families with SC Housing loans, including Down Payment assistance to qualified buyers, in all counties across the state.

For a personalized mortgage solution

Contact Us today