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South Atlantic Bank offers a variety of loan services to meet your personal borrowing needs.  From home mortgages to loans and lines of credit, we’ll design a package that will work for your individual circumstances. 

Residential First Mortgages
Secured Loans and Lines of Credit
Home Equity Lines of Credit Lines and Loans
Auto and Recreational Vehicle Loans
Overdraft Protection

Residential First Mortgages

Owning a home is a long term commitment, so you want to be confident that you have the most favorable terms available in your home mortgage. Whether you are financing your home purchase or refinancing an existing mortgage, the right loan officer can make all the difference from application to closing!

At South Atlantic Bank, our mortgage loan professionals will listen carefully to fully understand your needs and then guide you through the process with courtesy and accuracy.  We offer a variety of products including traditional fixed rate loans, adjustable rate mortgages, and jumbo loans.

You can be assured that South Atlantic Bank offers competitive rates and terms. For more information, click here or visit your South Atlantic Bank office.

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Secured Loans

South Atlantic Bank offers secured loans with a minimum loan amount of $2,500.  Loans may be secured with a variety of collateral.  For more information, please stop by either of our locations to speak with a loan officer.

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Home Equity Lines of Credit and Loans

Use the equity you have built up in your home for future use such as unexpected emergencies or for expenses you have today such as major home repairs, your children’s college tuition, debit consolidation, or vehicle purchases. South Atlantic Bank offers home equity lines of credit as well as home equity fixed rate loans. Contact a loan officer to see which one is right for you.

With our Home Equity Credit Line, you can write yourself a loan anytime you need money, and the line replenishes itself as you make payments.

Features:

  • Minimum loan amount of $10,000
  • Maximum term up to 15 years
  • Your choice of monthly payment options – interest only or 1.5% of the outstanding balance
  • Access funds by writing a check
  • No origination fee
  • Interest on a home equity credit line may be tax deductible.  (Consult your tax advisor for further information.)
  • Attorney closing required
  • Appraisal required
  • Variable interest rate based on credit score

With our fixed rate Home Equity Loan, you will receive your funds in a lump sum distribution. 

Features 

  • Minimum loan amount of $10,000
  • Fixed rate for up to 5 years
  • Up to 15 year amortization with principal and interest payments
  • Funds disbursed at time of closing
  • 1% origination fee
  • Interest on a home equity loan may be tax deductible.  (Consult your tax advisor for further information.)
  • Attorney closing required
  • Appraisal required
  • Fixed interest rate available based on credit score
  • Can be a first or second mortgage

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Auto and Recreational Vehicle Loans

Ready to purchase a car or finally taking the plunge to buy a boat?  South Atlantic Bank can help with our flexible auto and recreational vehicle loans.  For more information, please stop by to speak with a loan officer.

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Ready Reserve Overdraft Line of Credit

Never worry about overdrafts again when you link your checking account to a Ready Reserve line of credit. Funds are transferred to your account in increments of $100 when needed.  There is no fee for the transfer, but interest will accrue on the outstanding balance.  You can pay off the line at any time before the due date if you like.  Otherwise, a minimum requirement payment of 3% or $25, whichever is less, will be automatically drafted from your checking account each month.

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