No Private Mortgage Insurance (PMI), and fast closings - your homeownership journey starts here.
Submit a mortgage application online for FREE to see if you qualify.
To speak with someone about your specific situation, please use our Contact Form.
LOCAL LOAN, LOCAL APPROVAL, LOCAL SERVICE.
Why Choose a Local Mortgage from The Bank of Marion?
Modern speed. Historic service.
Your time is your most valuable asset. We’ve combined modern digital tools with local decision-making to get you from application to "welcome home" faster than the big banks.
Keep more of your monthly budget.
We’ve eliminated the need for Private Mortgage Insurance (PMI), meaning lower monthly payments and more money staying in your pocket where it belongs.
Zero points. Zero origination fees.*
When you’re buying an existing home, you won’t be surprised by hidden costs. We waive these common fees to ensure your transition into a new home is as affordable as possible.
Low closing costs.
National averages can reach up to 6%**, but we keep ours at 2% or less. It’s part of our 150-year commitment to providing fair, honest banking to Southwest Virginia and Northeast Tennessee.
Loans tailored to your life.
Whether you want the long-term stability of a 30-year fixed rate or the flexibility of an adjustable rate mortgage (ARM), we work with you to find the perfect fit for your future.
Low Rates
Our home loan interest rates are very competitive - among the lowest you will find anywhere.
*Data sources include the Consumer Federal Protection Bureau, the National Association of Realtors, and Housing and Urban Development (HUD.)
Types of Home Loans
UP TO 30 YEAR FIXED RATE LOANS
Fixed rate loans offer rate stability over the life of the loan. Up to 30 year adjustable rate loans (ARMS) are also available.
CASH-OUT HOME REFINANCE LOAN
If you're looking for a better home loan or looking to turn the equity in your home into cash, our Cash-out Home Refinance Loan is for you. It pays you the difference between your current mortgage balance and your home's appraised value. Use your cash for whatever you wish.
ADJUSTABLE RATE LOANS (ARMS)
An adjustable rate loan typically offers a lower initial rate that adjusts periodically over the life of the loan.
FIRST-TIME HOME BUYER LOANS
Many would-be first-time home buyers are intimidated by the home loan process. We simplify it. And we often find ways that first-time home buyers can afford the home they thought would be out of their reach.
Submit a mortgage application online for FREE to see if you qualify.
To speak with someone about your specific situation, please use our Contact Form.
You can also reach out to your local branch directly. See a list of branch contact info.
HOME EQUITY LOANS
The equity in your home may be worth a line of credit that you can use for home repairs, remodeling and other improvements.
The Bank of Marion
New River Valley
220 West Main St.
Radford, VA 24141
Telephone: 540.744.1005
DISCOVER WHY WE'RE THE HOME LOAN LEADER!
Our Regional Mortgage Center is the heart of our home financing process. The Center handles the required forms and paperwork for all of our branch loan officers. This allows your personal loan officer the time to take care of you and your needs and concerns.
Subject to credit approval. Some restrictions may apply.
