FDIC-Insured - Backed by the full faith and credit of the U.S. Government
F&M Bank
Happy employee laughs

First Time Homebuyer

Special mortgage programs lower the barrier for first-time buyers.

Buying your first home is a milestone moment. At F&M Bank and F&M Mortgage, we've been helping generations of Virginia families in the Shenandoah Valley realize their dreams of homeownership.
Explore multiple home loan programs that open the door to ownership.
 
From Virginia-specific programs to federal programs that have been around nearly a century, first-time homebuyers have so many options when it comes to financing. We're here to help you navigate the process and find the resources that fit your circumstances. These are just a few of the mortgage programs you might consider.
  • Virginia Housing Development Authority (VHDA) Loans: Feature lower credit score requirements, small down payments and a fixed interest rate for 30 years
  • FHA Loans: Popular federal loans backed by the government with low down payments and flexible credit requirements
  • USDA Loans: Another popular federal program allows you to borrow up to 100% of the value of a new home located in a qualifying rural area
  • VA Loans: Special program for active-duty military, veterans and eligible spouses with up to 100% financing










































Many more details to discuss and choices to consider

We invite you to read through our mortgage resources below, and please get in touch with us to take the next step or get answers to your questions.
 
VHDA Mortgages
Since 1972, the VHDA has been helping Virginians afford quality housing. This home-buyers guide explains everything you need to know about different types of VHDA loans, their specific loan requirements, and the mortgage loan application process.
 
 
First-Time Homebuyers Guide
From full explanations of all your mortgage options to details about how the homebuying process works, our First-Time Homebuyers Guide is an essential resource for you as you begin your journey.


How to Apply for a Home Loan

 








iOS and Android Users

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