Choose from fixed- or adjustable-rate mortgages (ARMs) or FHA, VA and Rural Development (USDA) mortgage loans.
Lock into a fixed-rate mortgage if you think you’re there to stay and want regular monthly payments. We offer 15-, 20- and 30-year mortgage rates.
Think ARM if you plan to move in a few years or want lower monthly payments upfront. Ours offer fixed rates for seven or 10 years, then adjust yearly.
These federally backed programs help a wider range of buyers realize their home ownership dreams. Backed by the Federal Housing Administration, FHA loans allow down payments as low as 3.5%. VA loans offer low mortgage rates to Servicemembers, Veterans and eligible surviving spouses.
Backed by the U.S. Department of Agriculture (USDA), rural development mortgages promote home buying in rural or sparse suburban communities. No down payment and low mortgage insurance rates make them an affordable option.
This innovative conventional mortgage loan puts the dream of home ownership within reach for low-to-moderate homebuyers. Home Possible borrowers can finance a home with a down payment of as little as 3%. Competitive pricing and flexible terms make it affordable and attainable.
Like Home Possible, Freddie Mac’s HomeOne program lets you put down just 3%. The difference? It’s for qualified first-time homebuyers and no cash-out refinance mortgage borrowers only. Even with less than perfect credit, you can still realize the benefits of homeownership.
“F&M Bank has been our bank of choice for personal finances since 1998. In April 2017, we moved all of our business banking to F&M. We have been extremely satisfied ever since. Dan has given us the personal service rarely given in today’s banking environment. He truly takes an interest in our business and even in our family as well. We feel with F&M, we get trustworthy service and a staff that strives to meet our financial goals.”
NMLS ID #2363984 Phone Ext. 02240