Mortgages

Adjustable Rate Mortgage

Buying a home or refinancing is easy and affordable at F&M Bank.

We've just introduced a new adjustable-rate mortgage product with an attractive price alternative - an initial rate lower than comparable fixed-rate mortgages for the first five years of the loan term. This loan can make it easier to buy your new home today.

We offer a competitive rate, low closing costs and a dedicated team of lenders to assist you. Start the journey to buying your new home today.

Home Construction

If you're building a home, a construction loan can be an ideal source of cash through the building process. Interest rates are competitive and closing costs are minimal. You won't pay any interest until the funds are used or drawn, giving you a convenient and affordable way to meet ongoing building expenses. And at F&M, we can easily convert your construction loan into permanent financing once your house is ready to be occupied.

Home Equity Loans

If you have equity in your home, you can use that asset to fund important projects, including home improvements and higher education. Equity loans and lines of credit offer affordable interest rates and terms which make them smart options for borrowers. At F&M, we offer Home Equity Loans with a fixed rate or Home Equity Lines of Credit (HELOCs) with fixed and variable rate options that offer more flexibility.