Open Door
Open Door Home Lending
Let's Build Your Future Together
We're assisting people in our neighborhood who may not qualify for traditional home loan products but dream of owning a home or enhancing their current living space
With flexible products, community partnerships, and financial education, we'll work with you to achieve your goal of opening the door to your new house or improving your current home. Contact Eric to learn more and get started today:
Contact Info
Eric Mitchell
Residential Lender
314-925-3612 office
855-225-0026 fax
EMitchell@greatsouthernbank.com
NMLS: 979069
Home improvement loan:
When your roof or siding needs repair, your windows need replaced or your home needs a new HVAC system, an Open Door Home Improvement Loan may be right for you. Financing up to $10,0001 is available.*Benefits
- Home secured loan up to $10,000 at 7.50%1
- $199 origination fee
- Unsecured up to $4,000 at 9.50%2
- $50 origination fee
- Low minimum credit score
Eligibility Requirements:
- Owner occupied single-family home
- Repairs must be made to a home you own and occupy
- Improvements must be permanently attached to your home
- Subject to credit qualification
Home loan:
Whether you’re looking to purchase your first home, wanting to refinance, or you're hoping there's a move in your future, an Open Door Home Loan may be a good fit. We can help you through the mortgage process and get you one step closer to realizing your vision.*Benefits
- Up to $300,000 at 6.750%3
- Available for purchase or refinance
- Flexible:
- Monthly payments
- Down payment
- Minimum credit score
Eligibility Requirements:
- Owner occupied single-family home
- Complete homebuyer education (for purchase transactions)
- Subject to credit qualification
Home Improvement Loans |
|||
| Loan Type | Rate | APR | |
|---|---|---|---|
| Secured1 |
7.50% | 8.22% | Apply in Person |
| Unsecured2 |
9.50% | 8.22% | Apply in Person |
Home Loan |
|||
| Loan Type | Rate | APR | |
| Open Door Mortgage Loan3 |
6.75% | 6.92% | Apply Online |
Getting Ready4
- Last two paystubs
- Last two years of W2s
- If self-employed, last two years of tax returns
- Last two months bank statements
- Copy of driver’s license
Community Matters.
We understand the strength and success of our communities depends on creating opportunities. That's why we're focused on finding meaningful ways to support our neighbors and the places we call home.
At Great Southern, our goal is to open doors for our neighbors with affordable ways to buy that first home, save for the future, or just get those finances back on track. Call or drop by any time to learn more, ask questions and discover what's possible. Our door is always open.
Rates are current as of 6/20/2025 at 11:55 AM. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rate and an estimated total for points and other finance charges and fees. For specific details please contact your Great Southern Residential Lender. Points are a one-time charge assessed at your loan closing. Each point equals one percent of your loan amount. Paying points may result in a lower or discounted interest rate.
*Subject to credit approval and property location. All terms, conditions and guidelines are subject to change without notice and may affect this offer. The annual percentage rate (or APR) is the total annualized cost of your loan.
1. For example: a dwelling secured 72- month loan in the amount of $10,000 at 7.50% interest will have and APR of 8.220% and a principal and interest payment of $172.90 per month. Payment example does not include taxes and insurance premiums. The $199 fee will be charged at closing. If your property is located in MN, you will pay a mortgage recording tax up to 0.24% of your credit limit amount. Homeowners insurance is required.
2. For example: an unsecured 36-month loan in the amount of $4,000 at 9.50% interest will have and APR of 10.363% and a principal and interest payment of $128.13 per month. The $50 fee will be charged at closing.
3. For example: a 30-year fixed rate loan of $300,000 and no down payment at 6.750% interest will have and APR of 6.834% and a principal and interest payment of $1,945.79 per month. Customer must contribute at least 3% or $1000 whichever is lessor of their own funds toward the transaction, applied either to closing cost or down payment. Payment example does not include taxes and insurance premiums; however, taxes and property insurance are required escrowed. The example provided is for illustration purposes only, interest rate, closing costs and product guidelines are all subject to change.
4. This information is not required to make an application and/or receive a Loan Estimate. See your loan officer for further details.