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Southern Security Mortgage Co.


A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
 
Southern Security Mortgage Company is primarily a mainstream wholesale mortgage lender, offering paper first mortgages for delivery to secondary mortgage market investors such as Fannie Mae and Freddie Mac. They offer Conforming and Jumbo Conventional loans, as well as FHA and VA mortgages. They do offer several expanded mortgage products that allow them to provide Stated Income, No Ratio and No Income No Asset loans to borrowers requiring this type of documentation.
 
The firm offers a full line of first and second mortgage products for residential real estate. Depending on borrower credit and qualifications, financed amounts can be as high as 103% of the property value. They also offer reduced documentation or no documentation processing alternatives for self employed borrowers and others.
 
In addition to standard FHA, VA and Conventional mortgages, they provide a full line of mortgage loans with expanded qualifying criteria on loan sizes up to $1,000,000.00. In most cases their mortgage loans are processed through their rapid response underwriting systems, receiving same day decisions, saving time and money. 
 
Their expanded loans must receive an approval when submitted to an Automated Underwriting System.These products are greatly driven by loan to value ratios, credit scores and cash reserves.  They are designed for strong borrowers who are not able to or willing to document income and assets. These Expanded products usually require a minimum middle credit score of 660. 

Southern Security Mortgage Co. leads the way with quality mortgage products and modern professional service.

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