

Mortgages. Made Simple.
Welcome to New South Lending
Whether you’re buying your first home, refinancing, or investing in real estate, we’re here to provide expert guidance and personalized support throughout the process. Our goal is to offer competitive rates and a stress-free experience while helping you achieve your financial objectives. At New South Lending, we’re dedicated to making homeownership accessible and rewarding.We believe in creating a unique experience that empowers our clients with knowledge and builds strong, lasting relationships. With a well-coordinated team and a focus on exceptional service, we’re here to help you confidently navigate the path to owning your dream home.
Just one online application gets you quotes from multiple top lenders
Get a favorable rate... with zero harassment calls or emails!
Just one online application gets you quotes from multiple top lenders
Get a favorable rate... with zero harassment calls or emails!

1. Fast Loan Pre-Approval
Get pre-approved online in minutes! Your personal loan officer is there to help!
2. Lock-in A Great Rate
Your Loan Officer sources a vast array of wholesale lenders who compete to give you a favorable rate.
3. Stop Worrying
Your Loan Officer does the heavy lifting. So you get to funding quickly & easily.

1. Fast Loan Pre-Approval
Get pre-approved online in minutes! Your personal loan officer is there to help!
2. Lock-in A Great Rate
Your Loan Officer sources a vast array of wholesale lenders who compete to give you a favorable rate.
3. Stop Worrying
Your Loan Officer does the heavy lifting. So you get to funding quickly & easily.
Wholesale lenders compete ... so you benefit!
We gather an array of wholesale lenders to compete for your loan! So you get a competitive rate while we do the work!

Wholesale lenders compete ... so you benefit!
We gather an array of wholesale lenders to compete for your loan! So you get a competitive rate while we do the work!

Mortgage Calculator
100% Customer Focused
New South Lending is here to make your homeownership journey seamless and stress-free. Whether you’re purchasing your first home, refinancing for better terms, or investing in property, we provide expert guidance tailored to your unique needs.
Meet Our Team

Leslie Long
Senior Finance Manager
NMLS#108013 - NC, SC
(704) 718-8179
I've lived in North Carolina my entire life and began my career as a Mortgage Loan Officer in 1993, right after graduating from college. From the start, I realized that providing exceptional service to all parties involved in the mortgage process — from application to closing — is the key to success. With over 30 years of experience, I take pride in guiding my clients every step of the way. My commitment to excellence ensures that each client receives personalized, professional service tailored to their unique needs. I would love the opportunity to meet with you and help you on your journey to homeownership.

Leslie Long
Senior Finance Manager
NMLS#108013
"I've lived in NC my entire life and started as a Mortgage Loan Officer in 1993, fresh out of college. I came to know quickly that providing excellent service to all parties involved, from beginning to end, is the best road to success. I would love to meet you and assist you down your path to home ownership."
(704) 718-8179

Loan Options
Finding the right home loan is a crucial step in the home-buying process. It’s not just about getting approved; it’s about finding a loan that aligns with your financial situation, goals, and long-term plans. New South Lending is here to help every step of the way.


Loan Options
Finding the right home loan is a crucial step in the home-buying process. It’s not just about getting approved; it’s about finding a loan that aligns with your financial situation, goals, and long-term plans. New South Lending is here to help every step of the way.
Purchase Options
Refinance Options
Ready to get started?
Fixed Rate Mortgage

A fixed-rate mortgage is a home loan where the interest rate remains the same for the entire term of the loan, ensuring stable monthly payments. This makes budgeting easier, as borrowers know exactly what to expect each month. Fixed-rate mortgages are ideal for those who plan to stay in their home long-term and want the peace of mind that comes with predictable payments.
Fixed-rate mortgages are typically offered in various term lengths, such as 15, 20, or 30 years. They are ideal for borrowers who plan to stay in their home long-term and prefer consistent payments unaffected by fluctuations in market interest rates.
FHA Loan
An FHA loan is a government-backed mortgage designed to help first-time homebuyers and those with lower credit scores or limited savings. With a down payment as low as 3.5%, FHA loans offer more flexible qualification requirements compared to conventional loans. They are a
great option for buyers looking for affordable financing to achieve homeownership.

Key Features of FHA Loans:
1. Low Down Payment: Borrowers can qualify with a down payment as low as 3.5% of the purchase price if they have a credit score of 580 or higher.
2. Flexible Credit Requirements: FHA loans are accessible to individuals with less-than-
perfect credit.
3. Mortgage Insurance: Borrowers are required to pay both an upfront mortgage insurance premium (UFMIP) and an annual premium to protect the lender against default.
4. Loan Limits: FHA loans have maximum loan limits that vary by location, based on local home prices.
FHA loans are a popular choice for those who may not meet the stricter requirements of conventional loans but want to achieve homeownership.
VA Loan
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, and certain surviving spouses. VA loans offer several benefits, including no down payment, no private mortgage insurance (PMI), and competitive interest rates, making them an excellent option for those who have served in the military.

Key Features of VA Loans:
1. No Down Payment: Qualified borrowers can purchase a home without a down payment, subject to the property’s appraised value.
2. No Private Mortgage Insurance (PMI): Unlike conventional loans, VA loans do not require PMI, reducing monthly costs.
3. Competitive Interest Rates: VA loans often have lower interest rates compared to conventional loans.
4. Limited Closing Costs: The VA limits the types of closing costs that borrowers can be charged.
5. Flexible Credit Requirements: VA loans are more forgiving of lower credit scores compared to other loan types.
6. Loan Guarantee: The VA guarantees a portion of the loan, reducing risk for lenders and enabling more favorable terms for borrowers.
7. Refinancing Options: VA loans offer refinancing options, including the Interest Rate Reduction Refinance Loan (IRRRL) for lowering rates and cash-out refinancing.
Eligibility: To qualify, applicants must meet service requirements, including active-duty service, veteran status, or being the surviving spouse of a veteran who died in service or due to a service- connected disability.
USDA Loan
A USDA loan is a government-backed mortgage designed for homes in eligible rural and suburban areas. With no down payment required and competitive interest rates, USDA loans make homeownership more accessible for those in qualifying areas, promoting growth in rural communities.

Key Features of USDA Loans:
1. No Down Payment: USDA loans allow qualified borrowers to finance 100% of the home's purchase price.
2. Low Interest Rates: Borrowers typically enjoy lower interest rates than conventional loans.
3. Flexible Credit Requirements: While credit standards exist, USDA loans are often more lenient compared to other loan types.
4. Income Limits: Borrowers must meet income eligibility requirements, which vary by location and household size.
5. Property Location: Homes must be located in USDA-designated rural or suburban areas.
6. Mortgage Insurance: USDA loans require a guarantee fee, which is similar to mortgage insurance, but it is typically lower than conventional private mortgage insurance (PMI).
Eligibility:
Geographic Requirements: The property must be in an eligible rural area as defined by the USDA.
Income Limits: Household income cannot exceed the USDA's limits for the specific area.
Primary Residence: The loan is intended for owner-occupied homes and cannot be used for investment or vacation properties.
USDA loans are ideal for buyers seeking affordable homeownership opportunities in eligible areas without a large down payment.
Jumbo Loan
A Jumbo Loan is a type of mortgage that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). These loans are used to finance higher-value properties and typically require a larger down payment, higher credit score, and more stringent financial qualifications due to the increased risk for lenders.

Key Features of Jumbo Loans:
1. Loan Amount: Jumbo loans finance amounts greater than the conforming loan limits, which are $726,200 for most areas and higher in high-cost regions (as of 2024).
2. Higher Credit Requirements: Borrowers generally need excellent credit (typically a score of 700 or higher) to qualify.
3. Larger Down Payment: Jumbo loans often require a larger down payment, such as 10- 20% of the home’s purchase price.
4. Competitive Interest Rates: While historically higher than conforming loans, jumbo loan
rates can sometimes be competitive depending on the lender.
5. Stricter Income and Asset Verification: Lenders require proof of substantial income, strong cash reserves, and other financial assets.
6. Property Types: Jumbo loans can be used for primary residences, vacation homes, or investment properties.
Jumbo Loans are ideal for borrowers seeking to purchase high-value properties that require financing beyond standard loan limits. They offer flexibility but often come with stricter qualification requirements.
First Time Home Buyer
A first-time homebuyer loan is a mortgage specifically designed to help individuals purchasing their first home. These loans often offer lower down payments, reduced interest rates, and more flexible credit requirements to make homeownership more accessible for those with limited savings or credit history. They are a great option for first-time buyers looking to get into the housing market.

Key Features of First-Time Home Buyer Loans:
1. Low or No Down Payment: Programs often require minimal or no down payment, making it easier to afford a home.
2. Reduced Interest Rates: Some programs offer below-market interest rates to reduce monthly payments.
3.Flexible Credit Requirements: These loans may accept lower credit scores or provide support for those with limited credit history.
4. Down Payment Assistance (DPA): Many programs provide grants or forgivable loans to cover down payments or closing costs.
5. Mortgage Insurance Benefits: Some programs reduce or eliminate private mortgage insurance (PMI) requirements.
6.Special Incentives: State and federal programs often offer tax credits, reduced fees, or
educational resources for first-time buyers.
Common First-Time Buyer Loan Options:
- FHA Loans: Popular for their low down payment (3.5%) and flexible credit requirements.
- USDA Loans: Provide 100% financing for eligible buyers in rural areas.
- VA Loans: Offer zero-down options for eligible veterans and active-duty service members.
State and Local Programs: Many states and municipalities provide first-time homebuyer assistance, including grants or low-interest loans.
Eligibility:
While definitions of a “first-time buyer” vary, most programs consider anyone who has not
owned a home in the past three years as eligible. Specific qualifications and benefits depend on the loan program and location.
These loans are an excellent option for those entering the housing market, offering a supportive path to homeownership.
Low Down Payment Options
Low Down Payment Option Mortgages are home loans that allow borrowers to purchase a home with a minimal upfront payment, often as low as 3% of the home's purchase price. These options make homeownership more accessible, especially for first-time buyers, by reducing the financial barrier of a large down payment while still offering competitive interest rates and flexible qualification requirements.

Common Low Down Payment Mortgage Options:
1. FHA Loans: Down Payment as low as 3.5%. Designed for borrowers with lower credit scores or limited savings.
2. Conventional Loans with Low Down Payment Programs: Programs like Fannie Mae’s HomeReady® and Freddie Mac’s Home Possible® allow down payments as low as 3%. Require private mortgage insurance (PMI) until equity reaches 20%.
3. VA Loans: Down Payment: 0% (no down payment required). Exclusively for veterans, active-duty service members, and eligible surviving spouses.
4. USDA Loans: Down Payment: 0% (no down payment required). For homes in USDA-eligible rural and suburban areas with income limitations.
5. State and Local Assistance Programs: Many states and municipalities offer grants or forgivable loans to assist with low down payments.
Advantages of Low Down Payment Options:
Accessibility: Easier to buy a home without waiting years to save a large down payment.
Flexibility: Multiple loan options tailored to different income levels and credit profiles.
First-Time Buyer Support: Ideal for those entering the market with limited resources.
Considerations:
Mortgage Insurance: Most low down payment loans require private mortgage insurance (PMI) or a similar fee to protect lenders.
Higher Monthly Payments: A lower down payment means borrowing more, which can
increase monthly costs.
Qualification Requirements: May include income limits, credit score minimums, or property restrictions.
Low Down Payment Options provide a pathway to homeownership while allowing buyers to preserve their savings for other needs.
Mortgage Loan for Vacation or Investment Properties
Investment property and vacation property loans are specialized mortgages for purchasing properties that are not intended as primary residences. Investment property loans are for properties meant to generate rental income or for long-term investment, while vacation property loans are for second homes or vacation retreats. These loans typically require a larger down payment and higher interest rates compared to primary residence mortgages due to the increased risk for lenders.

Key Features of Investment Property Mortgage Loans:
1. Higher Down Payment Requirements: Lenders typically require a higher down payment for investment properties, often 15-25% of the property’s purchase price, depending on the lender and the borrower's qualifications.
2. Higher Interest Rates: Investment property loans usually come with higher interest rates compared to primary residence mortgages because they are considered riskier for lenders.
3. More Stringent Qualification Criteria: Lenders typically look for a strong credit score (usually 700 or higher), a stable income, and a low debt-to-income ratio. They may also require documentation shows the borrower’s ability to manage multiple properties.
4. Rental Income Considerations: Rental income from the property can sometimes be factored into the borrower's ability to qualify for the loan, depending on the property’s location and rental market.
5. Types of Investment Property Loans: Conventional Loans: These are the most common for investment properties and may be eligible for long-term fixed or adjustable rates. Commercial Loans: If the property is large or intended for business use, a commercial real estate loan may be more appropriate. Portfolio Loans: Some lenders offer portfolio loans, where they keep the loan in- house rather than selling it to investors, providing more flexible terms.
Benefits of Investment Property Mortgages:
Income Potential: Investment properties can provide rental income, helping offset mortgage payments and generate cash flow.
Appreciation: Real estate values may increase over time, providing potential for profit when the property is sold.
Tax Deductions: Investment property owners can often deduct expenses like mortgage interest, property taxes, insurance, and maintenance costs, reducing taxable income.
Risks and Considerations:
Market Fluctuations: Property values and rental income can be affected by local market conditions and economic downturns.
Loan Terms: Investment property loans typically have stricter terms, and failure to meet them could result in foreclosure.
Vacation and Investment Property Loans offer opportunities for investors to diversify their portfolios and generate wealth, but they come with higher costs and greater risk compared to loans for primary residences.
Refinance
Refinance refers to the process of replacing an existing mortgage or loan with a new one,
typically to secure better terms. Homeowners refinance to lower their interest rate, reduce monthly payments, shorten the loan term, or tap into home equity for cash. Refinancing can help save money over time or meet changing financial needs.

Here are several reasons to consider refinancing your mortgage:
1. Lower Interest Rate: Refinancing can help secure a lower interest rate, which can reduce monthly payments and the total amount paid over the life of the loan.
2. Lower Monthly Payments: By obtaining a lower interest rate or extending the loan term, you can reduce your monthly mortgage payment, freeing up cash for other
financial needs.
3. Shorten Loan Term: Refinancing to a shorter loan term, like moving from a 30-year to a
15-year mortgage, can help you pay off your loan faster and save on interest, though it may increase your monthly payments.
4. Consolidate Debt: Some homeowners refinance to consolidate high-interest debt (e.g.,
credit card debt) by using home equity to pay off other loans, potentially lowering overall interest costs.
6. Switch Loan Types: Refinancing can allow you to switch from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage for more predictable payments, or vice versa to take advantage of lower initial rates.
7. Remove Private Mortgage Insurance (PMI): If you’ve built up enough equity in your home, refinancing may allow you to eliminate PMI, which is typically required when the down payment is less than 20%.
8. Better Loan Terms: Refinancing can also provide more favorable loan terms, such as no prepayment penalties or reduced fees, making it easier to manage your mortgage.
Refinancing can offer financial benefits, but it’s important to consider costs, such as closing fees, and evaluate whether the long-term savings outweigh the upfront expenses.
Cash-Out Refinance
A Cash-Out Refinance is a type of mortgage refinancing where a homeowner borrows more than the current balance of their existing mortgage and takes the difference in cash. This allows homeowners to access the equity they’ve built in their home for purposes such as home renovations, debt consolidation, education expenses, or other major financial needs.

Key Features of a Cash-Out Refinance:
1. Higher Loan Amount: The new loan is for a larger amount than the original mortgage, with the difference paid out to the homeowner in cash.
2. Home Equity: The amount you can borrow is based on the equity in your home, typically up to 80-90% of the home's current value, depending on the lender and your financial profile.
3. Uses of Funds: The cash received can be used for any purpose, such as consolidating high-interest debts, paying for large expenses, or investing in home improvements.
4. Interest Rates: Cash-out refinances often come with interest rates similar to traditional refinancing, but may be higher than rates for a standard mortgage due to the increased loan amount.
While a Cash-Out Refinance can provide access to funds, it also means taking on a larger mortgage, which may lead to higher monthly payments and potentially more interest paid over time.
VA Loan Refinance
A VA loan refinance is a refinancing option available to veterans, active-duty service members, and eligible surviving spouses who have an existing VA loan. It allows them to replace their current mortgage with a new one, typically to secure better terms, lower interest rates, or take
advantage of their home equity.

Types of VA Loan Refinances:
1. VA Interest Rate Reduction Refinance Loan (IRRRL): Also known as a Streamline Refinance, this option allows eligible homeowners to refinance their existing VA loan to a lower interest rate with minimal documentation and no home appraisal required. The IRRRL is designed for veterans who want to reduce their monthly payments or shorten the loan term without significant changes to the loan amount or terms.
2. Cash-Out Refinance: A VA cash-out refinance allows homeowners to refinance their existing VA loan and take cash out based on the equity in their home. This can be used for home improvements, debt consolidation, or other major expenses. It is similar to a conventional cash-out refinance but offers the added benefit of no private mortgage insurance (PMI) requirement, as long as you meet the eligibility requirements.
Benefits of a VA Loan Refinance:
Lower Interest Rates: Refinancing through the VA can often result in lower interest rates, saving money over the life of the loan.
No PMI Requirement: VA loans do not require private mortgage insurance (PMI), even with a higher loan balance or cash-out refinance.
Flexible Eligibility: VA loan refinances have more relaxed qualification standards, including less stringent credit score and income requirements.
Access to Home Equity: Cash-out refinancing can provide access to the equity built up in the home.
Overall, a VA Loan Refinance offers veterans and military families the chance to reduce their mortgage costs or leverage home equity with favorable terms and benefits.

Privacy Policy for New South Lending, LLC
Effective Date: 12/29/2024
At New South Lending, LLC (“we,” “us,” or “our”), your privacy is a priority. This Privacy Policy outlines how we collect, use, share, and protect your personal information when you interact with us through our website (www.newsouthlending.com) or other communication channels.By using our services, you agree to the practices described in this Privacy Policy. If you do not consent, we ask that you discontinue using our services.We may update this Privacy Policy periodically. Updates will be posted on our website, and the most recent version will govern our practices. Please review it regularly to stay informed of any changes.
Information We Collect
We gather the following categories of personal information:Contact Details:
- Name
- Email address
- Phone number
- Physical address
Financial Information:
- Credit history
- Income details
- Loan and banking information
- Employment Details:Employer name:
- Job title
- Work history
Usage Information:
- Data collected through online tools, such as introlend.com.
- Information provided during phone calls or other communications.
Why We Collect Information
We collect personal information to:- Facilitate the mortgage application process.
- Conduct necessary credit and financial assessments.
- Communicate with you about your inquiries and applications.
- Comply with legal and regulatory requirements.
- Enhance customer support and ensure service quality.
How We Use Your Information
We use your data to:- Manage and process your loan applications.
- Provide updates on your application status and other services.
- Ensure compliance with applicable laws and regulations.
- Improve our services and tailor communications to your needs.
Sharing Your Information
We may share your personal information with:Service Providers:
- Credit bureaus for credit assessments.
- Loan processors and underwriters.
- Legal and Regulatory Authorities:
- To meet legal and compliance obligations.
Internal Staff:
- Authorized employees and contractors with a legitimate need for access.We do not sell or rent your personal information to third parties for their own promotional purposes.
Protecting Your Information
We implement stringent measures to safeguard your data, including:- Encryption protocols for secure storage and transmission of information.
- Access restrictions to protect sensitive data.
- Requiring service providers to adhere to strict confidentiality and security standards.
Your Rights
You have the following rights regarding your personal information:- Access: Request a copy of the personal data we hold about you.
- Correction: Update any inaccurate or incomplete information.
- Deletion: Request the removal of your personal information, subject to legal retention requirements.
- Objection: Object to certain uses of your personal data.
- Withdrawal: Revoke your consent for specific processing activities.To exercise any of these rights, please contact us using the information provided below.
Contact Us
If you have questions, concerns, or requests regarding this Privacy Policy or your personal information, reach out to us:Mailing Address:
New South Lending, LLC
1224 Charles Raper Jonas Hwy, Ste B
Mt Holly, NC 28120Phone: (704) 269-8333Website: www.newsouthlending.com
Changes to This Policy
This Privacy Policy may be revised from time to time. Any updates will be posted on our website, and significant changes will be communicated appropriately.