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Federal Deposit Insurance Corporation - FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Looking for a mortgage lender in Bedford, Forest, Lynchburg, or Staunton, VA—or Burlington, NC? Select Bank offers competitive mortgage rates and flexible home loan options to help you buy a home, refinance your mortgage, or invest in real estate. Whether you’re a first-time homebuyer or upgrading your current property, we provide personalized lending solutions, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and FHA loans.
Enjoy low down payment options, quick approvals, and expert support from local mortgage professionals who understand the housing market in your area. Start your home loan application online or meet with a Select Bank mortgage specialist at your nearest branch. For trusted mortgage lending in Virginia and North Carolina, choose Select Bank.
NMLS #288746
NMLS #467010
NMLS #1858041
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Refinancing at a lower rate has the potential to save you thousands of dollars in the long run. However, for refinancing to be worth it, the savings in interest must be greater than the fees (i.e. points, closing costs) involved with the refinancing process. The refinancing calculator will take these fees into consideration and tell you how much you could save (or lose) should you decide to refinance at a lower rate.
Given the information on your fixed rate mortgage, the fixed rate mortgage calculator will determine how much your mortgage payments will be.
Calculates the payments and interest on your adjustable rate mortgage.
Computes the most expensive house you can buy.
Factors in the costs and benefits of consolidating your debts to determine whats the financially best way to pay them off.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Rick Comar | NMLS #288746
Randy Day | NMLS #467010
Amy L. St. Clair | NMLS #1858041
We provide fixed‑rate mortgages, adjustable‑rate mortgages (ARMs), FHA loans, VA loans, USDA loans, conventional mortgages, in‑house mortgage, construction loans, and commercial mortgage solutions.
Buying a home is a big part of the American Dream and is among the most significant investments you will make in your life. At Select Bank, we know buying a home is a big step, whether you’re a first-time buyer or you’ve purchased a home before. We are proud to offer conventional and non-conventional mortgage options. All decisions are handled locally with our mortgage lending team, who will work with you to find the best option for you.
If you want to make a regular payment each month, fixed-rate mortgages are a great option, as they allow you to pay a consistent amount. Fixed-rate mortgages often have longer terms, and even payments make it easier for your monthly budgeting.
Your interest rate, thus your repayment amount, changes from month to month with an adjustable-rate mortgage. This loan option is more common among homeowners considering short-term ownership or for those expecting an increase in their income.
Having problems with approval and underwriting? Please speak with us about our non-conforming, In-House Mortgage with local decision making. We close your loan in 30 days, with local underwriting, local appraisers, and we keep your mortgage here for the life of the loan.
Designed to help buyers overcome the challenges associated with purchasing a new home, FHA loans provide buyers without a lot of assets the ability to buy a home. FHA loans offer low down payments and the opportunity for closing costs to be covered by agency grants.
Available to veterans of the U.S. Military or their surviving spouses, VA loans offer 100 percent financing with no down payment requirements.
If you’re looking at purchasing a rural home, USDA loans are a great option that offers 100 percent financing and covers many of the closing costs. In many cases, there is no down payment required, and monthly payments are lower compared to other mortgage options.
Select Bank also has mortgages available for business owners looking to move into a new space. Learn more by visiting our business loans page.
Select Bank is your trusted local mortgage lender, serving Bedford, Forest, Lynchburg, Staunton, VA, and Burlington, NC. We specialize in helping first-time homebuyers and experienced homeowners find the right home loanwith competitive mortgage rates, low down payments, and fast approvals.
Our team offers a full range of home loan solutions, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and FHA loans. Whether you’re ready to buy a home, refinance your mortgage, or explore real estate investment loans, we provide expert guidance and flexible terms tailored to your needs.
Start your online mortgage application today or schedule a mortgage consultation at your nearest Select Bank branch. Discover why we’re a top choice for mortgage lenders in Virginia and North Carolina.