Down Payment
Closing Costs
Home Repairs
Are you dreaming of owning a new home, or perhaps fixing up the home you already own? The cost of buying or repairing a house can be challenging, but our matched savings account gives you a big extra boost to get you started on realizing your dreams.
We believe that building generational wealth through homeownership is one of the most important things a person can do for their future.
1. Check Your Eligibility
To be eligible for matched savings, your current home address or the address of the home you plan to purchase must be located within the program eligible zone.
2. Apply
Once eligible, provide a valid state-issued photo ID (state ID, driver’s license, U.S. passport, or military ID) and your Social Security number during the application process.
3. Open Your Account & Start Saving!
After completing the application, you will receive instructions on how to open your account. Then, start saving!
4. Complete a Financial Management Course
After opening your account, you must complete a Financial Management Course which costs approximately $99. You will be reimbursed for this expense once you have completed the course. For questions, please reference the FAQs.
The total funds after match ($1,000 or $2,000) may be used for the following:
- Down Payment for home purchase
- Closing Costs for home purchase
- Home Repair(s) to an existing or new home
To determine your program eligibility, complete the form below. If eligible, you’ll be able to begin the application process immediately. If you are not eligible, you will be notified after completing this form.
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
IDAS are FDIC insured accounts opened and maintained in Southern Bancorp Bank using matched funds provided through the Community Development Financial Institution” to “the U.S. Department of the Treasury’s Community Development Financial Institution Fund.
Down Payment
Closing Costs
Home Repairs
Down Payment
Closing Costs
Home Repairs
Are you dreaming of owning a new home, or perhaps fixing up the home you already own? The cost of buying or repairing a house can be challenging, but our matched savings account gives you a big extra boost to get you started on realizing your dreams.
We believe that building generational wealth through homeownership is one of the most important things a person can do for their future.
1. Check Your Eligibility
To be eligible for matched savings, your current home address or the address of the home you plan to purchase must be located within the program eligible zone.
2. Apply
Once eligible, provide a valid state-issued photo ID (state ID, driver’s license, U.S. passport, or military ID) and your Social Security number during the application process.
3. Open Your Account & Start Saving!
After completing the application, you will receive instructions on how to open your account. Then, start saving!
4. Complete a Financial Management Course
After opening your account, you must complete a Financial Management Course which costs approximately $99. You will be reimbursed for this expense once you have completed the course. For questions, please reference the FAQs.
The total funds after match ($1,000 or $2,000) may be used for the following:
- Down Payment for home purchase
- Closing Costs for home purchase
- Home Repair(s) to an existing or new home
To determine your program eligibility, complete the form below. If eligible, you’ll be able to begin the application process immediately. If you are not eligible, you will be notified after completing this form.
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
Your Title Goes Here
Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.
Email us At IDA@banksouthern.com
IDAS are FDIC insured accounts opened and maintained in Southern Bancorp Bank using matched funds provided through the Community Development Financial Institution” to “the U.S. Department of the Treasury’s Community Development Financial Institution Fund.