Getting Started

Whether you are purchasing your first home, a vacation home or simply refinancing your existing home, First South Bank is ready to put you first.  It’s important to understand that no matter which kind of purchase you are making, the initial steps are basically the same.

To begin the process of purchasing a home, you will want to:

  • Review Your Credit Report:  Your credit report is a history of how you have managed your finances and repaid your debt.  Lenders will review it to help them determine how much you can borrow.  You may receive a copy of this report by contacting one of the following agencies:

Equifax
PO Box 740241
Atlanta, GA 30374
Phone: 800.685.1111

Experian
National Consumer Assistance Center
PO Box 2002
Allen, TX 75013
Phone: 888.EXPERIAN

Trans Union LLC
Consumer Disclosure Center
PO Box 1000
Chester, PA 19022
Phone: 800.888.4213

 

  • Pre-Qualify for a Loan with Your Mortgage Lender:  This step is especially important for all home buyers who may not yet understand the costs associated with purchasing a home. Getting a pre-qualification is a quick and simple process that will help you determine the home price range you can afford.

    When you know how much home you can afford, you can narrow your search with your real estate agent to include homes in that range. Furthermore, when you are ready to make an offer on a home, the seller is more apt to take your offer seriously when you’ve been pre-qualified for a loan. 
  • Obtain Financing: You will work with your mortgage lender to determine which of our loan options is the best fit for your home and your needs.  We will do our best to tailor each solution to the specific needs of your situation.

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