Government 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.

Federal Housing Aministration (FHA)

FHA Allowances for Credit Issues

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

203K Program for FHA Home Renovation


Veterans Administration Loans

We help Service members, Veterans, and eligible surviving spouses become homeowners. Whenever you work with active-duty or veteran military service members looking to buy a home, think of me. I have a home financing option designed to help them achieve their mission. The VA loan program provides low-cost home financing and enables eligible buyers to purchase their first home or move on to their next home.

VA loans can help you take command of business opportunities. No matter what your buyers’ home financing needs may be, you can count on me to help them explore their options.

VA Allowances for Credit Issues:

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

 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.

The Single Family Housing Guaranteed Loan Program is designed to assist households in obtaining adequate but modest, decent, safe, and sanitary dwellings and related facilities for their own use in rural areas. Loans are limited to applicants with incomes that do not exceed state and local Rural Development (RD) median income limits and property that is designated as rural by RD.

USDA Allowances for Credit Issues:

-Minimum Credit Score: 560
-100% maximum Loan-to-Value (LTV)
-Manual Underwrites
-No maximum loan amount
-USDA Streamlined, Streamlined-Assist, and Rate/Term Refinances allowed

Program Highlights and Borrower Eligibility Information

Check on the USDA website for a Property Eligibility Search

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 First Home Advantage Down Payment - Offers an $8,000 down payment assistance option for eligible first-time buyers 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 Housing Loans (SC Housing)

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

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.



AmeriSouth Mortgage Company NMLS: #67050
NORTH CAROLINA: License #L-104114
SOUTH CAROLINA: License #MLS – 67050
TENNESSEE: License #135614
GEORGIA: License #13572

(Georgia Residential Mortgagee Licensee)


Contact Us

AmeriSouth Mortgage Company
2101 Sardis Road North
Crown Centre Suite 120
Charlotte, NC 28227
Phone: (800)849-2378


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