First National Bank - Home Mortgage

First National Bank

1033 Village Highway
Rustburg VA 24588
Phone: (434) 332-1742
Fax: (434) 332-1409

First National Bank is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.

Let First National's 100 years of custom banking help you make your home dreams come true.

Home Equity Line of Credit

Here is a way to take advantage of some of the equity you have in your home without the costs of refinancing. A home equity line of credit can be a way of getting a new kitchen, putting on a home addition or a new deck, financing an education, or as a reserve for any number of major purchases. It is a revolving credit resource that is accessed by writing a check. The funds become available again as principal repayment is made. Besides its flexibility, convenience and low cost, a home equity line may be tax deductible! Consult with your tax advisor.

Home Equity Loans

Another low cost way of using the equity in your home is to get a closed-end home equity loan. It is similar to a vehicle loan, but is secured by the equity in your home, making the interest paid on this potentially tax-deductible. You get all of the proceeds at the loan's outset, then pay it back in monthly installments until the loan is completely paid back. The interest rate and monthly payment amount will be fixed for the term of the loan, helping to make budgeting easier. You can use the money for home improvements, a vacation, a new vehicle, and for many other purposes.