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Bank of Fincastle offers a variety of loan programs to meet your needs:

Residential Mortgages

Whether you are purchasing your first home or looking for a larger home to accommodate a growing family, The Bank of Fincastle can help you find the perfect loan option.

Currently The Bank of Fincastle offers Adjustable Rate Mortgages (ARM). If you don’t expect to stay in your home more than a few years, or if you anticipate a future increase in income, The Bank of Fincastle's adjustable rate mortgage may be the best choice for you. Also if you are in a unique situation that may not be a "fit" for conventional financing, our ARM may work for you as well.

Should this program not be in your best interest The Bank of Fincastle will be pleased to refer you to Colonial Mortgage Company where you will find additional financing options.

Home Equity Loans and Lines of Credit

With a Bank of Fincastle Home Equity Loan, you receive a lump sum up front to purchase a car, consolidate debt or take care of other personal expenses and make fixed monthly payments. Also, the interest you pay on a Bank of Fincastle Home Equity Loan may be tax deductible.*

A Bank of Fincastle Home Equity Line of Credit gives you access to money whenever you need it. You can use it for a new car, home improvements, educational expenses, bill consolidation or a fabulous vacation. Also, your interest may be tax deductible*.
*Consult your tax advisor.

Bridge Loans

Have you found the home of your dreams, but are waiting for your current home to sell? Would you like to use your current home’s equity to finance your new home? A bridge loan from The Bank of Fincastle can do just that. Short term financing……to meet your long term goal.

Construction Loans

Are you dreaming of building a new house? Let The Bank of Fincastle provide you with the financing you need. We offer construction financing and permanent fixed-rate financing through our affiliate Colonial Mortgage Company where you will benefit with reduced closing costs. So…whether you are building a three-bedroom ranch or four story contemporary on the lake, our experienced loan officers are prepared to guide you through the building process.

Land and Lot Loans

If you wish to buy land to build a new home, purchase land to use for recreation, or secure land for your farm, The Bank of Fincastle can finance your land or lot, providing competitive rates and financing options. Plus, decisions are made fast and local.

For details about specific loan products, terms, conditions and rates, contact us (540) 473-2761 and speak to Dana E. Tiller NMLS# 554111 in Daleville or Chris Hollish NMLS# 1765317 in Troutville.

 



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,100 with closing costs of $8,482. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.