The road to homeownership can be fraught with obstacles, but SouthStar Bank's unique loan products aim to put applicants on the path to homeownership through several types of loan programs. With six branches in Austin and 16 throughout Central Texas with English and Spanish speaking staff, SouthStar Bank makes it easy for Texas residents to access personalized advice from dedicated experts.

If you're looking to buy a home but aren't sure if you qualify for a conventional loan, consider checking out three of these mortgage loan programs from SouthStar Bank.

HOPE Loan Program

The most common obstacle to purchasing a home is saving for the down payment. SouthStar Bank believes that purchasing a home should be a priority for everyone, and the HOPE Loan Program offers applicants the most financial flexibility. Benefits of the HOPE Loan Program include:

• No deposit
• No mortgage insurance (PMI) required
• 30 years fixed repayment rate

STAR Advantage Program

For those who do not meet the strict requirements of a traditional mortgage, the Star Advantage program's in-house portfolio loans allow buyers to obtain the financing they need, including land loans and construction financing, investment properties, condos, eco-homes, barndominums and more. This loan is best suited for those who:

• Self-employed
• Retired
• Starting your career or in between
• Recovering from an unexpected life event, bad credit, foreclosure or bankruptcy

ITIN Loan Program

SouthStar's ITIN loan program is designed for those without a Social Security number and is based on your tax identification number. Benefits of the ITIN loan program include:

• Financed homes for people with an ITIN
• No proof of immigration status required
• Purchase of a 1-4 family house
• No credit or credit of 650+
• Income tax returns filed under an ITIN

Buy a home with a bank you can trust. At SouthStar Bank, all decisions are made locally by a dedicated lending team. This allows the flexibility to apply common sense standards to unique products, services and loan applications that best serve each individual in the Texas community.

For more information about the home buying process, applying for a mortgage or preliminary loan qualification, visit southstarbank.com/mortgage.

Member FDIC and Equal Housing Lender, NMLS #410624

Disclaimer: This article is for informational purposes only and is not intended to be official credit advice.