Get The Home Of Your Dreams With F&M Mortgage.
F&M Bank and F&M Mortgage offer multiple loan programs to get you the home of your dreams. Start your search knowing you are ready to buy with pre-approval. Work with a member of our team to determine the best loan option for your next purchase, refinance, or building needs. Here is a snapshot of what we offer:
Ideal for homeowners looking for a fixed payment over the course of a long-term loan. Choose from 30, 20, or 15-year options (fixed rate Jumbo loans are also available) with an interest rate that does not change. Options include:
- Conventional
- VA Loans – for qualified Veterans
- VHDA Loans
- Rural Development Loans (USDA Loans)
- FHA Loans
- Refinancing
Ideal for homeowners looking to take advantage of low and flexible interest rates for short-term loans. Start with one interest rate and adjust up or down depending on the current rates at preset intervals such as one year, three years, five years; etc. Options include:
- Spark Loan (no down payment required)
- Other In-House Loan Options Available
Ideal for homeowners needing a loan option to cover the gap between buying and selling a home and who cannot cover the cost of two mortgages.
- While rates vary, Bridge loans typically have higher interest rates.
- Plan on closing twice with two sets of closing costs for the Bridge mortgage and the second fixed or adjustable rate mortgage.
Ideal for individuals looking to build the home of their dreams and who have a 20% downpayment.
- Transition your construction loan over to a fixed or adjustable rate mortgage once the home has been built.
- The total amount of your loan is typically paid out in intervals that correspond with each phase of construction.
- You only pay interest on the amount you borrowed to date.
Ideal for individuals looking to purchase property to rent to others.
- Must have a 20% downpayment and the funds necessary to cover 3 months of costs associated with the property.
- Options come with an adjustable rate or fixed rate mortgage.
- Local lending provides a flexible and quick option for financing your investment portfolio.
Ideal for homeowners 62 and older to tap into the equity they’ve built into their home with a government-insured loan.
- Provides funds to help pay for the things you want or need.
- Continue to live in and own your home.
- Is an important and effective part of a sound retirement funding strategy.
