EHL Black


C&F Mortgage Corporation offers a variety of programs to assist all borrowers whether you are a first time homebuyer or a long term homeowner. Whether you are buying or refinancing, you need a reliable partner.  You can feel confident with C&F Mortgage Corporation assisting you with the process.  Your C&F Mortgage Corporation Loan Officer will help you determine which loan is best for you and have outlined the following products offered by C&F Mortgage Corporation.

Loan Program

Summary of Program

Additional Features/Benefits of Program

FHA loans

FHA loans are offered in conjunction with the U.S. government to assist borrowers obtain financing with low payment structures and less stringent qualifying requirements

An FHA loan may be right for you if you are:
First time homebuyer or repeat home buyer

Additional features:

  • Substantial down payment not required
  • Gift or grant moneys may be available to assist with down payment and closing costs 
  • No cash reserves needed

Veterans Administration loans

Veterans Administration (VA) loans are available to qualified veterans, active duty, reserves and national Guard personnel. Loans are residential mortgages allowing for the purchase or refinance of an owner occupied home

A VA loan might be right for you if you are:
A retired veteran, active duty military, National Guard or reservist buying or refinancing a home

Additional features:

  • Low or no down payment options
  • Financing of VA funding fee
  • Seller  may contribute to buyer's closing costs
  • Gift funds allowed

State Bond Programs

Primarily for first time home buyers
with limited cash assets

Income and Asset restrictions will apply


A State Bond Program may be right for you if you are:
A first time homebuyer (not a requirement with all bond programs) and meet income and asset restriction limits

Additional features:

  • Low down payment
  • Competitive rates and closing costs
  • Down payment can be combined with gifts or grants
  • Available to borrowers with limited or alternative credit history
  • Future rental restrictions and recapture requirements  may apply

RD Programs

Rural Housing Loans are designed to assist borrowers in qualifying rural areas to become homeowners. These loans offer a variety of unique and attractive features for qualifying borrowers.

An RD loan may be right for you if:
You are purchasing a residence located in a qualifying rural area that may be attached to limited multiple acreageThe program is available for both first time homebuyers and repeat homebuyers

Additional features:

  • Minimum cash investment and flexible qualifying requirements

Fixed Rate Mortgage

Conventional loans have the advantage of a consistent interest for the term of the loan – payments will remain the same for the life of the loan


A conventional program may be right for you if you:
If you want a consistent monthly payment for the term of the loan

Additional features:

  • Competitive rates and closing costs
  • Easy budgeting and long-term planning
  • PMI will be required if a 20% down payment is not made.

ARM Programs

Adjustable rate mortgages (ARM) offer lower initial interest rates. After a specified period, these rates adjust annually to a new rate. An ARM may be right for you if you want increased buying power or expect to move or see an increase in income before your mortgage adjusts.

An ARM program may be right for you if:
You want to qualify for a higher loan amount,   initially lower house payment, expect a future increase in income or plan to relocate refinance or move in the next few years. 

Additional features:

  • Protects you with annual and lifetime rate caps - conversion to fixed rate may be an option


Federal Home Loan Bank Loan

Federal Home Loan Bank Program

First Time Home Buyer Program

FHLB  Atlanta's First-time Homebuyer Program (FHP) provides up to $5,000 in matching funds for the down payments and closing costs of first-time homebuyers – Funding is provided as a 4 to 1 match

A FHLBB may be right for you if:

  • First time homebuyer
  • Homebuyer must contribute at least $1,000
  • Income is less than or equal to 80% of HUD median income for the area, adjusted for family size
  • Purchased home must be used as the homebuyer's primary residence
  • Other restrictions   apply – contact your C&F Loan Officer 

Investor Loans

Investor loans are used to finance 1-4 properties that will be for investment with as little as 20% down payment. 

An investment program may be right for you if:
You are purchasing or refinancing a property that is not your primary residence.

Contact your C&F Loan Officer for additional details