F&M Trust: Mortgages

Mortgages

Whether you are buying your first home, refinancing an existing mortgage, building a new home, or moving up to a larger home, you can count on F&M Trust’s mortgage lenders. They will assist you every step of the way with expert advice and professional service.

We believe that your mortgage should be as comfortable as your home. So we offer fixed and variable interest rate mortgages, first time homebuyer mortgages and special program mortgages to meet your needs.

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Fixed Rate Mortgages

With a fixed rate mortgage your interest rate remains the same throughout the term of the mortgage, providing the piece of mind of a set monthly mortgage payment. In addition, fixed rate mortgages offer:

Competitive rates and fees
Interest rate lock option available at time of application
Interest rate buy down options
Repayment terms of up to 30 years
One settlement construction and permanent financing

Adjustable Rate Mortgages (ARMs)

With our adjustable rate mortgages, you get the benefit of a set monthly payment for a predetermined number of years. Following the fixed rate period, the interest rate is variable and your monthly payment can change annually as market interest rates fluctuate. In addition ARMs offer:

3/1, 5/1 and 7/1 ARMs - Rate is fixed for the first three, five or seven years of the mortgage with annual rate and payment adjustments thereafter.
Competitive rates and fees
Interest rate lock option available at time of application
Interest rate buy down option
One settlement construction and permanent financing
Financing is available for homes with large acreage, unique residential properties and jumbo mortgages
Repayment terms of up to 30 years
Residential investment property financing available

First Time Homebuyer Mortgages

F&M Trust offers a variety of first time homebuyer mortgages that make the first home purchase possible and more affordable including:

Pennsylvania Housing Finance Agency (PHFA) mortgages that provide lower-than-market fixed interest rates with low fees and low down payment requirements. These mortgage programs require buyers to meet certain qualifications including household income and purchase/construction price limits
The Rural Housing Guaranteed Loan Program offers 100% financing with competitive fixed interest rates

Other Mortgage Programs

Our other mortgage programs provide convenient financing options that other lenders often don't offer:

Construction-only mortgages with competitive interest rates
New home purchase/construction bridge loan financing
Land/lot mortgage loans

For Expert Mortgage Advice and Professional Service

Please contact a mortgage originator or the nearest F&M Trust community office for assistance with your mortgage loan needs in Franklin, Cumberland, Fulton, Huntingdon and surrounding counties.