Southchase Mortgage

NMLS# 204553, Broker/Owner has owned Southchase Mortgage in Foley, AL for over 20 years, and is licensed in both Alabama and Florida. She is a Certified Residential Mortgage Specialist (CRMS), and a Certified Military Home Specialist (CMHS). In addition to helping clients in coastal Alabama, we also proudly serve the areas Pensacola, Destin, Panama City, Port St. Joe, and St. George Island Florida.

We work with multiple lenders and are able to offer hundreds of loan programs for Primary Residence, Second Home or Vacation Properties and Investment Properties, on both Single Family Residence and Condos. We also offer Home Equity Conversion Mortgages (HECM) or Reverse Mortgages, and can also offer HECM Purchase or Refinance loans.

Single Family Residence and Condos-both Warrantable and Unwarrantable, including Condotels. We can now use Asset Based Income to calculate income for borrowers based on their liquid assets. Cannot be subject to any agreements that give a rental management firm control over the occupancy of the property.

With maximum loan amounts up to $2 million, FICO scores as low as 620, and unlimited number of financed properties, the Investment product may be just what you need to finance your investment properties. Our Investment Property, or non-owner occupied programs, are just one more way that we bring innovative solutions to the mortgage marketplace.

If you have been in business 5 years or more, we can help Self Employed Borrowers with loan amounts up to $679,650 at super low CONVENTIONAL RATES, and the borrower could qualify for our No Cost Appraisal. This could be for Purchase or Refinance, with Loan to Values up to 97% LTV Primary Residence, 90% LTV Second Home, or 85% LTV Investment Property-all available with No Monthly Mortgage Insurance.