News
Southern Bancorp Unveils Down Payment Assistance Program to Bridge Homeownership Gap
Program provides up to $12,000 for minority and low-to-moderate income home buyers Little Rock, Ark. – Southern Bancorp Community Partners (SBCP),...
How Credit Utilization Affects You and Your Credit Score
If you’ve been reading my column for any time now, you know how important your credit score can be. You also might know that there are several...
Top Ten
In all areas of life, there are warning signs that tell us when something is wrong, and the same can be said for our financial life. According to...
The Facts about the Emergency Rental Assistance Program
By Charlestien Harris The pandemic has caused major issues to happen especially with people’s financial well-being. Housing is a significant...
Breaking Down Your Mortgage Payment
By Charlestien Harris There are so many industry terms used in the home buying process that can be unfamiliar to the average consumer. One example...
Understanding the Benefits of the Homestead Exemption
By Charlestien Harris As a new homeowner or a first-time home buyer, one piece of important information that can be overlooked is the filing of the...
Southern Bancorp Community Partners Welcomes New Director of Lending
LITTLE ROCK, ARK – Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and Community Development Financial Institution (CDFI),...
10 Steps to Buying A Home
By Charlestien Harris Purchasing a home is one of the most important decisions most people will ever make. The length of time it takes to buy...
Understanding a Reverse Mortgage
By Charlestien Harris A lot of conversations have been happening around understanding how mortgages can be used as a financial tool to improve your...
Why Home Inspections Are Important for Buyers and Sellers
By Charlestien Harris In the excitement of buying or selling a home, people sometimes overlook an essential step in the process. However, it is very...
Insurance: Actual Cost vs Replacement Cost
By Charlestien Harris Insurance plays a huge part in your financial wellbeing. Accidents will happen and storms will come, but one way you can avoid...
Important COVID-19 Extensions for Homeowners, Renters & Student Loan Borrowers
By Charlestien Harris The average consumer has been hit hard by the effects of the Covid19 virus. There were several relief options offered by the...
How to Manage Student Loan Debt During the Pandemic
By Charlestien Harris This pandemic has caused a lot of uncertainty when it comes to finances. One question that has been coming to the forefront...
BadCredit.org Highlights Southern Bancorp’s Credit and Counseling Services
Southern Bancorp organizations were recently recognized by BadCredit.org for their products and services that help underserved communities build...
Southern Bancorp Organizations Promote America Saves Week
LITTLE ROCK – Southern Bancorp Bank, a wholly owned subsidiary of Southern Bancorp, Inc. and one of the nation’s largest community development...
The Effect of a Loan Modification on Your Credit
By Charlestien Harris This has been a very difficult year for many people when it comes to finances, especially for homeowners. Foreclosures and...
What Are My Next Steps After My Forbearance Period Ends?
By Charlestien Harris Many homeowners were able to take advantage of the forbearance option available through the CARES ACT provisions enacted by...
Covid-19 Single Family Foreclosure and Eviction Moratorium Extended
By Charlestien Harris As a HUD certified housing counselor, I try to stay informed on current issues that could directly affect numerous consumers...
Make a Pledge to Save
By Janie Ginocchio We’ve recently talked about taking advantage of a new savings opportunity in Arkansas by using split direct deposit for state tax...
New Pandemic Relief Bill to Help CDFIs Serve the Underserved
By Janie Ginocchio On Dec. 21, Congress passed a pandemic relief and economic stimulus bill that includes $12 billion for Community Development...
Take Advantage of Tax-Time Savings Opportunities
By Janie Ginocchio In April 2019, we announced that Gov. Asa Hutchinson signed Act 774 of 2019, which required two direct deposit lines on the state...
Southern Bancorp Community Partners Receives $2 Million Gift from Philanthropist MacKenzie Scott
Little Rock, Ark. – Southern Bancorp Community Partners (SBCP), a 501(c)(3) loan fund and Community Development Financial Institution (CDFI)...
Southern Bancorp Community Partners announces policy brief and webinar addressing debt in Mississippi
LITTLE ROCK, ARK – Southern Bancorp Community Partners (SBCP) recently published Deferred Dreams: How Unmanageable and Abusive Debt Hinder Savings...
10 Questions First-time Homebuyers Need to Ask Before Signing
By Charlestien Harris Right now the housing market is booming and a lot of people are shopping for a mortgage. Low interest rates and more...
Homebuyer Education During the Pandemic
Thanks to low mortgage interest rates, for some buyers this is the perfect time to think about purchasing a home. The best time to take a homebuyer...