Loan ProductsLoans

Mortgages

  • First Mortgages
  • Second Mortgages
  • Residential Rental Property Mortgage Loans
  • Loans on Land

First and Second Mortgages

Security Federal offers both fixed rate first and second mortgages. Qualification for a mortgage loan is based on your ability to make monthly payments (assuming the minimum down payment and closing cost requirement is met). Consideration is also given to your credit history, household income and the appraised market value of the home you are financing.  The property must be located in the State of Alabama and normal qualifications apply based upon current underwriting guidelines.

To start the application process or if you have more questions, call Security Federal’s Loan Department at 205-221-3620 or 205-221-6250 or toll free at 800-466-3790.

Residential Rental Property Mortgage Loans

If you are considering purchasing investment property, Security Federal offers fixed rate Residential Rental Property Mortgage Loans. The property must be located in the State of Alabama and normal qualifications apply based upon current underwriting guidelines.

To start the application process or if you have more questions, call Security Federal’s Loan Department at 205-221-3620 or 205-221-6250 or toll free at 800-466-3790.

Land Only Loans

If your dream is to build a home on your own land, Security Federal can help finance your land. We will lend on parcels of land up to 20 acres on which you intend to build your primary residence sometime in the future. The property must be located in the State of Alabama and normal qualifications apply based upon current underwriting guidelines.

To start the application process or if you have more questions, call Security Federal’s Loan Department at 205-221-3620 or 205-221-6250 or toll free at 800-466-3790.

Consumer Loans

Our loan services are an important part of the bank and Security Federal is well known for its consuming lending. All customers are eligible to apply for loans. The credit amount approved is based upon the customer’s ability to pay and customer’s credit history. To apply for a loan, contact our Loan Department at 205-221-3620 or 205-221-6250.

Types of Loans Available

  • New & Used Auto Loans
  • New & Used Recreational Equipment Loans
  • Boats
  • Personal Watercraft
  • 4 Wheelers / Motorcycles
  • Travel Trailers
  • Bill Consolidation
  • Heat Pumps
  • Unsecured / Personal Loans
  • Passbook & CD Secured Loans

Personalization Settings

x

Welcome

Please enter your first name so we can personalize your banking experience.

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to the web server.

Please do not remind again