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.
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We'll Make Your Dream A Reality
Purchasing a home can be one of the most thrilling experiences of a lifetime. Whether you're a first-time home buyer, moving up to a larger home or refinancing your current residence, you'll find F&M Bank is here to help you every step of the way. Buying a home can also have its anxious moments. We understand the importance of your home-buying decision, and will make the journey an enjoyable one.
Institution NMLS ID 518158