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Bank of The James Mortgage offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional Loan - Fixed Rate Mortgage
Conventional Loans - Adjustable Rate Mortgage (ARMs)
Federal Housing Authority (FHA) Loan
Home Afforable Refinance Program (HARP)
United States Department of Agriculture (USDA) Loan
Verterans Administration (VA) Loan
Jumbo Loan
Reverse Mortgage
TBD Approval (To Be Determined)

Conventional Loan - Fixed Rate Mortgage
Fixed principal and interest payment for the entire term of the mortgage Construction-to-permanent loans available Up to 30-year fixed rate mortgages

Conventional Loans - Adjustable Rate Mortgage (ARMs)
Please consult our mortgage specialists to determine if an adjustable rate mortgage is right for you. 3,5,7 and 10-year adjustable rates

Federal Housing Authority (FHA) Loan
Ideal for first time homebuyers looking to keep initial monthly payments low. Ideal for debt consolidation. 15 and 30-year fixed rates Adjustable rate programs available

Home Afforable Refinance Program (HARP)
The Home Affordable Refinance Program, known as HARP, allows qualified homeowners to refinance into lower mortgage interest rate loans even if the property has decreased in value. Our mortgage loan officers can help you determine whether you qualify for this program.

United States Department of Agriculture (USDA) Loan
Rural housing loans with 100% financing 15 and 30-year fixed rates

Verterans Administration (VA) Loan
100% financing 15 and 30-year fixed rates

Jumbo Loan
Fixed and adjustable rates available

Reverse Mortgage
A Reverse Mortgage is a FHA Government insured loan program that allows the senior homeowner to access their equity to be used for anything such as paying for medical needs, daily living expenses, home repairs, travel, or simply to enhance the quality of their retirement years. The program is available to homeowners 62 years of age with the home clear of any liens (in some cases, small loans to be paid off by the reverse mortgage are acceptable.) Home must be occupied as the principal residence. The amount to be borrowed is based on age, current interest rate, the appraised value of the home and whether or not the money is taken in a lump sum or line of credit. The loan must be repaid when the owner(s) move or sell the home, when they pass away, when ownership changes hands or when the property deteriorates and no repairs are made. For additional program details, including fees and interest rates, please contact one of our Bank of the James loan officers or your financial/tax planner today. Third party financial counseling is required.

TBD Approval (To Be Determined)
Bank of the James Mortgage offers an innovative new loan program to homebuyers - before they find their home. We can complete the loan process - actually approving the buyers - without an identified property. Contact one of our mortgage loan officers to complete details.



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 $417,000 with closing costs of $8,340. 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.