Conventional Fixed Mortgage

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The most competitive fixed rate product in the area. We offer several different fixed rate mortgage terms.

For more information, please visit with one of our experienced mortgage originators.

Conventional ARM's

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The Adjustable Rate Mortgage offers a discounted initial rate, which is often lower than Conventional Fixed Rates. After the initial fixed period, the interest rate may adjust up or down annually. There is no pre-payment penalty for this loan program.

For more information, please visit with one of our experienced mortgage originators.

FHA Fixed and ARM Loans & VA Fixed Rate Mortgage

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FHA Fixed and ARM Loans

This program is not just available for new homeowners. Cash investment is less than conventional loans, which may come as a gift from a family member or relative. The seller can pay closing costs and prepaid finance charges. The FHA program allows buyers to have minor credit deficiencies and higher debt-to-income ratios than conventional programs. There is no pre-payment penalty for this loan program. Many first-time homebuyers utilize this program due to the many flexible terms available.

VA Fixed Rate Mortgage

This program is for veterans and reservists with options of purchasing their new home. This program for Veterans allows for less than perfect credit and higher debt-to-income rations. There is no pre-payment penalty for this loan program.

For more information, please visit with one of our experienced mortgage originators.

Special Programs

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• Reverse Mortgages – These are HUD insured government loans provided as a lump sum payout, monthly payout or combined together. This program is solely based on age and property specifics. No monthly mortgage payments are required. Loan amount is based on a percentage of the appraised value and age. Reverse Mortgage Counseling is required and a certificate of completion of this class is a requirement prior to application. Consumer Credit Counseling is one of the local HUD approved offices to provide this education.
• Credit or income is not part of approval requirement.
• All borrowers must be at least 62 years of age.
• All owners of the home must apply for the Reverse Mortgage.
• The home must be a 1-4 unit single family primary residence.
• There is no monthly repayment required.
• Completion of HUD/AARP certified course on reverse mortgages prior to making loan application with Great Southern Bank.

For more information, please visit with one of our experienced mortgage originators.

Other Products and Services

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• Great Home Equity Loan
• First Time Homebuyer Loans
• Jumbo Loans
• “Bridge” Loans
• Construction Loans
• Vacation Home Loans
• Investment Property Loans
• Refinancing
• “In-house” Loans
• “In-house” Underwriting
• “In-house” Processing
• Automated Underwriting available on most loan programs