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Our mortgage professionals are here to help you choose the right mortgage product that best fits your needs.  Whether you are a first time homebuyer, want to purchase or construct a new home or simply want to refinance or renovate your home, we have the right product for you.

Mortgage Loan Options


  • 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 include 1/1, 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.


  • 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

  • EQUIP Loan Program
    • Purchase or Rate/Term Refinance
      • 100% Loan to Value purchase transactions
      • 85% Loan to Value refinances
    • 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 credit score requirements
  • 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.

Learn More by Exploring our Mortgage Calculators

Frequently Asked Questions

  1. How long will it take to qualify for a home mortgage loan? 
    • In most cases, you will have a preliminary decision within 24 hours.
  2. What Information is needed at Application?
    • 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
  3. How much does it cost to pre-qualify?
    • No fee for pre-qualifications
  4. How do your rates compare to other lenders?   
    • Security Federal Bank uses current technology and market experience to offer current and competitive rate offerings.
  5. How do I apply?
    • You can complete the online application or give us a call to schedule an appointment with a local Mortgage Loan Originator. 

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.