Business Details
About
Mortgage Lender
F&M Mortgage has been offering full-service home mortgages to the Shenandoah Valley and beyond since 1999. Along with parent company F&M Bank, our professional mortgage advisors have loan options and mortgages to meet your residential and commercial lending needs. Serving the Shenandoah Valley and beyond, including VA, WV, MD, DE, PA, NC, and FL.
Details
- Wheelchair accessible entranceAvailable
Location
Hours
Reviews
5.0
107 reviews
5 stars
106
4 stars0
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1 star1
- DLDenise LarsonJun 11, 20255.0F & M Mortgage was so easy to work with!! Veronica, Gervasio and Tina did a great job. They made the process seem so easy! The app is great too. It’s so easy to track your steps through the mortgage process!! I would recommend them 100%
- BSBob SchmidMay 20, 20255.0Our experience with Veronica Amato of F&M Mortgage has been beyond excellent! We have purchased many homes in our lifetime and Veronica went above and beyond what anyone could expect from a Mortgage Adviser. From starting the process on a SUNDAY to her follow through to the end she was always there for us making the entire experience a pleasure instead of a chore. It is the people who make any business a success, and if Veronica is an example of the people at F&M Mortgage, it cannot help but be successful. We highly recommend F&M Mortgage to anyone looking to fianance their new home with ease and confidence. Many kudos and much thanks to Veronica!!
- FTFinan TApr 8, 20245.0The process was very smooth and easy to understand. We had no problems finishing up. Thank you!!
- AMAmanda MillerDec 19, 20235.0After a lengthy process of doing a cash out home Refi and many days of wanting to give up, we finally closed in time for Christmas. I couldn't ask for a better team to work with, John and Ashley were amazing to work with and answered all questions and concerns! Highly recommend F&M Mortgage if you are in the market to do this. They helped us tremendously and saved us quite a bit on our monthly finances! It's a bit time consuming atleast it was for us but so worth it in the end :)
Frequently Asked Questions About F&M Mortgage Harrisonburg
What is F&M Bank's Routing Number
F&M Bank's Routing Number is: 051404419
How do I know how much house I can afford?
Generally speaking, the average household can afford a house payment up to 30% of their monthly income. However, the amount that you can borrow will also depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Give us a call, and we can help you determine exactly how much you can afford.
What is the difference between a fixed-rate loan and an adjustable-rate loan?
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.
How is an index margin used in an ARM?
An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).
How do I know which type of mortgage is best for me?
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. F&M Mortgage can help you evaluate your choices and help you make the most appropriate decision.
What does my mortgage payment incluide?
For most homeowners, the monthly mortgage payments include three separate parts:
- Principal: Repayment on the amount borrowed
- Interest: Payment to the lender for the amount borrowed
- Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.
How much cash will I need to purchase a home?
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
- Earnest Money: The deposit that is supplied when you make an offer on the house
- Down Payment: A percentage of the cost of the home that is due at settlement
- Closing Costs: Costs associated with processing paperwork to purchase or refinance a house
How do I set up reoccuring payments?
To set up a recurring payment, click the "make it recurring" link located in the "Action" column of your payee on the Payments page. Enter the amount; select the pay-from account and the frequency by which you want your payments to be automatically scheduled.
What are the regular business hours of F&M Mortgage Harrisonburg?
F&M Mortgage Harrisonburg is open Monday through Friday from 8:30 AM to 5:00 PM and closed on weekends.
Is F&M Mortgage Harrisonburg open on holidays?
The office is closed on most holidays including November 11, November 27, December 25, December 26, and January 1. Partial hours are available on December 24 (8:30 AM to 12:00 PM) and December 31 (8:30 AM to 2:00 PM).
What types of mortgage products does F&M Mortgage Harrisonburg offer?
They offer refinance, home mortgage, construction loans, reverse mortgages, and home equity loans.
Where is F&M Mortgage Harrisonburg located?
The office is located at 2040 Deyerle Avenue, Suite 207, Harrisonburg, VA 22801, USA.
How can I contact F&M Mortgage Harrisonburg?
You can call them at +1 540-442-8583 or email info@fmhome.com.
What is the routing number for F&M Bank?
F&M Bank's routing number is 051404419.
Does F&M Mortgage Harrisonburg have wheelchair accessible entrances?
Yes, they have wheelchair accessible entrances for convenient access.
Are there other mortgage advisors nearby F&M Mortgage Harrisonburg?
Yes, nearby mortgage advisors include Veronica Amato, Jon Ischinger, Tonja Showalter, and the F and M Mortgage office itself, all offering mortgage and financial services.
What recreational activities are close to F&M Mortgage Harrisonburg?
The Sampson Basketball Academy, a sports club and recreation venue, is nearby for those interested in sports and fitness before or after visiting the mortgage office.
Are there any spas or beauty services near F&M Mortgage Harrisonburg?
Yes, uplifting__beauty and Tangles Day Spa, providing beauty and spa services, are nearby and can be convenient for relaxing before or after your mortgage consultation.