Residential Loans

Loan Types

Conventional Loan

Join the crowd with Conventional financing. Over half of all mortgage loans fit into this category, and for good reason. By having a down payment, it opens up possibilities not found in other programs with some of the same flexibility.*

Adjustable-Rate Mortgage (ARM)

An adjustable-rate mortgage, or ARM, has an introductory interest rate that lasts a set period of time and adjusts annually thereafter for the remaining term of the loan. After the specified term, your interest rate could change and so could your monthly payment.*

  • Typically lower rates compared to a fixed rate
  • Possibility of rate and payment changes
  • View rates or apply now

FHA Loan

Finding a mortgage that's right for you should be easy. FHA takes a little bit of stress out of the picture for those who are working towards a stronger financial position and might not have the money for a conventional loan now. FHA offers great benefits* including:

  • Lower down payment
  • Secure lower interest rate
  • More flexible credit requirements
  • View rates or apply now

VA Loan

A home for you and an honor for us. Financing with the VA program provides you with the benefits* you have earned. VA Loans make home buying more affordable upfront and in the long term with a few added benefits:

  • Competitive rates
  • Little or no down payment
  • Flexible credit requirements
  • Lower closing costs
  • View rates or apply now

USDA/Rural Development Loan

If you're buying a home in a rural community, you may qualify for special financing through the Guaranteed Rural Housing Program.*

  • Financing available for 100% of the appraised value, plus the guarantee fee
  • Fixed rate
  • Not limited to first-time buyers
  • Generous household income limit
  • Flexible credit requirements
  • View rates or apply now

Construction Loan

Start your construction home adventure with us. A streamlined loan process will help you stay on budget while we work closely with your builder to stay on track.*

The First-Time Buyer Loan

Great Southern works with outside organizations that offer cash assistance to help with down payments and closing costs for first-time home buyers.*

  • 30-year fixed rate for Conventional, FHA, VA, or USDA loans
  • Required home buyer education class
  • Household income and purchase price requirements

Bridge Loan: The "In-Between" Home Loan

You've found your new dream home, but still need to sell your old dream home. A Bridge Loan helps you across the financing gap.*

  • Uses your existing equity to cover your new home’s down payment, while your current house is on the market

Community Heroes Loan Program

It’s a simple way to say thanks: a special program to honor our active and retired law enforcement, firefighters, EMTs, RNs, CNAs, and educators.*

  • Wide range of program options
  • Appraisal fee credit (up to $450) applied at closing**
  • The support of an experienced lender

Single-Close Construction Loan

Simplify even more when you combine your construction financing and mortgage into one simple process.*

  • One application for streamlined process
  • One closing, one set of costs
  • Permanent financing up front gives you security through construction
  • Lock in your rate to help budget for the future
  • Apply now

* Subject to credit approval and program guidelines. Certain loan fees may apply. Terms and conditions are subject to change without notice. Great Southern Bank makes such loans without regard to race, color, religion, national origin, sex, handicap, or familial status. 

** The appraisal fee (up to $450) will be charged at application, then applied as a credit at closing. Terms and conditions are subject to change without notice. Other loan fees may apply. VA loans are not eligible for this promotion. Great Southern Bank is not an agent or affiliate of any government agency