Start Your Way Home with a Mortgage Loan

Whether you are a first-time homebuyer, want to purchase a new home or simply want to refinance your home, we have the right product for you. 

Family of four at home

Conventional Mortgage

  • Fixed-Rate Mortgages
    • Options include traditional 10, 15, 20, & 30 year terms, with non-traditional terms available, for the purchase of a new home, rate/term or cash out refinances.

  • Adjustable-Rate Mortgages
    • Available options include1/1, 3/1, 5/1, 7/1, and 10/1.  The ARM product is fixed for the specified time and then adjusts annually thereafter.  For example, the 5/1 ARM product is fixed for the first five years and adjusts annually after the fifth year.

100% Loan to Value Mortgage

  • No Private Mortgage Insurance
  • Subject dwelling must be in a Security Federal Bank Community Development Financial Institutions Designated Tract
  • Primary Residence Only
  • Household income limits apply
  • Loan amount may not exceed $250,000
  • Low minimum FICO requirements
  • 100% Loan to Value on purchase/85% Loan to Value on refinance
  • *Previously referred to as our EQUIP loan


  • FHA Loan
    • A government backed mortgage loan that traditionally offers lower down payments, lower closing costs and lower credit requirements.

  • USDA Mortgage Loan
    • A U.S. Department and Federal Housing Authority backed mortgage loan that offers 100% financing for qualifying homes in eligible rural areas as defined by the USDA.

  • VA Home Mortgage Loan
    • A VA (Veteran’s Association) backed mortgage for qualifying veterans. 100% fixed rate financing.

Other Programs

  • SC State Housing Authority
    • Conventional and Government programs are available.  These loans offer Down Payment Assistance for qualified borrowers.

  • Medical Professional Home Loans
    • For medical professionals1 with less than 10 years of experience
    • Flexible debt-to-income standards for deferred student loans
    • No private mortgage insurance or reserves required
    • No down payment on loan amounts up to the current conforming loan limit. The conforming loan limit is adjusted by Fannie Mae and Freddie Mac.2

  • Jumbo
    • Mortgage loan exceeding the conforming loan limit. The conforming loan limit is adjusted by Fannie Mae and Freddie Mac.

Home Construction and Renovation Loans Also Available. Click here to learn more.

Local Mortgage Lenders

Our team of dedicated mortgage loan originators will walk you through the process of purchasing, refinancing or building your home.  We want you to feel comfortable and confident in all decisions, so please reach out with questions.

Explore a variety of mortgage calculator tools to help you plan for your future.

Frequently Asked Questions

In most cases, you will have a preliminary decision within 24 hours.
  • Photo ID
  • Most recent YTD pay statement
  • Two months most recent bank statements (include all pages)
  • Two months most recent IRA/401K account statements (include all pages)
  • Most recent 2 years W-2s
  • Two years most recent federal tax returns (include all pages)
  • Sales contract if purchasing or copy of deed if refinancing
No fee for pre-qualifications
Security Federal Bank uses current technology and market experience to offer current and competitive rate offerings.
You can complete the online application under a Loan Officer of your choice or you can call and set up an appointment or speak to a Loan Officer over the phone today.

All loans subject to credit and collateral qualifications, property insurance and, if applicable, flood insurance are required.

1 Medical Doctors, Dentists, Veterinarians, Psychiatrists, Pharmacists, Physiologists and Chiropractors

2 No down payment subject to appraisal/value. This loan product is limited to properties in South Carolina and Georgia.