Construction Loans

Turn your vision into reality with a new construction loan.

You've drawn up the blueprints and hired contractors. The next step is to contact F&M Bank, where our lending team can nail down the details of an affordable construction loan.

Our building loans provide a solid foundation for your next home or business.

The best way to get your dream home may be to build it yourself. A Construction Loan is short-term financing that covers material and labor costs during each phase of the building process. When you're ready to move in, F&M Bank offers both one-time close construction-to-permanent loans and two-time close options to fit your needs.

Competitive, fixed construction loan rates*

Option for interest-only payments during the building process

Fast, local decision-making

In-depth knowledge of the local construction market

Strong relationships with local builders and contractors

Funds released in time for each phase of the building process. We handle our construction site inspections in-house, which saves time and money.

The relationship between F&M Bank and loan provider F&M Mortgage means we can work closely with our customers during the approval, building, and mortgage refinancing phases, saving major headaches along the way.

iOS and Android Users

Download the F&M Bank app on your mobile device.

Disclosures

From Harrisonburg to Staunton and across Augusta, Page, Rockingham, and Shenandoah counties, F&M Mortgage and F&M Bank are your local home construction lenders. Subject to credit approval.

NMLS# 414464 | NMLS# 275173

Rates* refer to Annual Percentage Rate. Home construction loan is subject to credit approval, and subject to change without notice