Discover flexible personal loan options at Select Bank, designed to meet your financial needs. Whether you’re purchasing a home, tapping into your equity, or buying a car, we offer competitive rates and personalized lending solutions. Explore our variety of loans, including mortgages, home equity loans, home equity lines of credit (HELOCs), and auto loans, with benefits like low interest rates, flexible terms, and fast approval. Get the financing you need with expert support every step of the way. Contact a branch to discuss your loan options with our team today!
If you’re ready to purchase a new home, our mortgage lending team is ready to assist you.
Call us at (434) 455-1700 to speak with a member of our team — or apply now.
Available to residents of Bedford, VA; Forest, VA; Lynchburg, Va; Staunton, VA; and Burlington, NC.
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.
