Buy a House

At Southern, we believe everyone should have the means and opportunity to achieve the American Dream of owning a home. To help you accomplish your goal of purchasing a home, Southern offers the following products and services:

• Individual Development Accounts (IDAS) – IDAs are unique savings accounts that match the deposits of low- and moderate-income people. For every dollar saved in an IDA,  Southern program participants receive a 3:1 match. Program participants must also agree to complete financial education classes and use their savings for an asset-building purpose, like buying a home.
• Lending – Through Southern’s lending department, individuals unable to seek traditional bank loans may qualify for a mortgage loan at Southern.  Since 1986, SBCP has financed hundreds of small entrepreneurs and key community assets such as healthcare facilities, schools and housing developments.
• Housing and credit counseling – Southern offers the services of certified homebuyer and credit counselors to help you reach your goals of homeownership, better money management, and a more financially secure future.  Clients can attend financial education classes or work with one-on-one with our counselors on goals like paying off debt, saving for a home,  qualifying for a mortgage, or improving credit history.  Services are free and open to the public.
• Community development – SBCP is a 501(c)(3) organization providing development lending services and technical assistance to entrepreneurs and small business owners.