Open Door
Open Door Home Lending
Let's Build Your Future Together
Whether you're buying your first home or tapping your home's equity to get ahead - we can help.
We're assisting people in our neighborhood who may not qualify for traditional home loan products. 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 Secured Loan:
Tap into your home equity to dream big. Upgrade your home, consolidate your debt or fund that special occasion. An Open Door loan may be just what you're looking for. Financing up to $10,0001 is available.*Benefits
- Home secured loan up to $10,000
- Low minimum credit score
- Flexible underwriting, up to 125% loan to value4
Eligibility Requirements:
- Owner occupied single-family home
Home loan:
From your first home purchase to a refinance, an Open Door Home Loan may be the perfect 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 6.00% (6.15% APR )3
- Available for purchase or refinance
- Flexible:
- Low monthly payments
- No down payment
- 100% financing
- No Private Mortgage Insurance (PMI)
Eligibility Requirements:
- Owner occupied single-family home
- Complete homebuyer education (for purchase transactions)
Home Improvement Loans |
|||
| Loan Type | Rate | APR | |
|---|---|---|---|
| Secured1 |
7.38 | 8.10 | Apply in Person |
| Unsecured2 |
9.50 | 8.10 | Apply in Person |
Home Loan |
|||
| Loan Type | Rate | APR | |
| Open Door Mortgage Loan3 |
6.00 | 6.15 | Apply |
FAQ
What is the difference between the Home Secured Loan and the Home Loan?
Home Secured Loan (HELOAN):
A Home Secured Loan, or home equity loan, allows you to borrow against the equity in your home. Home equity is the portion of your home that you own outright, calculated as the difference between your home's current value and your mortgage balance. For example, if your home is worth $100,000 and you have paid off $50,000 of your mortgage, your equity would be $50,000*.
Home equity loans typically offer benefits such as lower interest rates compared to other types of loans and predictable monthly payments.
Home Loan:
A Home Loan is designed for individuals looking to purchase a new home or refinance their existing mortgage. This type of loan helps you finance the entire purchase price or the remaining balance of your mortgage.
*For illustration purposes only
Do I need to have a mortgage to qualify for the Home Secured Loan?
You do not need to have a mortgage to qualify for the Home Secured Loan.
What can I use the loan for?
We're here to help you get ahead. Maybe that's tackling a kitchen remodel or taking steps towards that business venture. It could be shoring up your finances with debt consolidation or helping with an emergency expense. Need a little boost for that new car, vacation, or wedding? Whatever life throws your way, we're here to help you get ahead.
How do I qualify for a home loan?
We look at many factors when considering loan eligibility like income and credit history. Our team can answer any questions about your current situation. We're here to help you find ways to make eligibility more likely.
Can I get a home loan with bad credit?
We understand looking for a home loan with bad credit can be stressful. We take pride in helping people find a path towards their goals. Every case is different and our team is ready to look at your unique situation and see how we can help. If you have concerns, we encourage you to reach out before applying. When you're ready to get started, reach out to us at 314-925-3612 or EMitchell@greatsouthernbank.com.
How do I apply for a home loan?
You can apply online or in person. If you have questions or concerns, we're here to help. You can reach us at 314-925-3612 or
EMitchell@greatsouthernbank.com. Our incredible associates like Eric are here to help you get a home loan in the St. Louis area or wherever home is for you.
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 9/26/2025 at 12:49 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. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; consult a tax adviser for further information regarding the deductibility of interest and charges.