South State Bank

Address: 1101 1st Street, Winter Haven, FL 33880

https://www.southstatebank.com

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Total loans closed with Loan Factory
18,663

Total loans closed with Loan Factory (past 12 months)
15,070

Lender overview

QM Program

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Loss Payee

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CPL or Subordinate Clause

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Lock Policies

Lock extension

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Relock

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Lock & Shop

Lender's Niche

Fixed Rate Mortgages:

15-Year: Lower interest rates, pay off loan faster, higher monthly payments.
30-Year: Lower monthly payments, more flexibility for investments, higher interest rates, slower equity growth.
Advantages (30-Year): Predictable payments, tax deductions, potential for investment growth.
Disadvantages (30-Year): Slow equity build-up, higher interest paid over time.

Adjustable-Rate Mortgages (ARMs): Better for short-term stays (under 7 years), as interest rates adjust over time.

Lender's overlays

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Initial underwrite (days)

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CTC conditions review (days)

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Initial CD (days)

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Review - South State Bank

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