Home ownership opens the door to a sense of pride and a connection to your community, and Carter Bank & Trust wants to help make your dreams become a reality.

Competitive mortgage financing is here in your community, not thousands of miles away with someone you’ll never meet. Unlike the “online” and “out-of-town” lenders, we know the local real estate market and the industries that drive the economy. Like you, we live and work here. We take a straightforward approach to mortgage lending because to us, you aren’t just transactions — you’re our neighbor, and we want to build a lasting relationship with you.

We understand that buying a home can be a stressful process. That’s why it’s our job to be your trusted advisor, manage your expectations, and get you the keys to your new home quickly with the financing you can afford. For us, it’s all about you — it’s just that simple. Explore our various mortgage products below.

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A conventional mortgage or conventional loan is any type of homeowner loan that is not offered or secured by a government entity such as the FHA, VA, or the USDA. Rather, they are available through or guaranteed by a private lender or the two government-sponsored enterprises, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.


  • Does not come with the same number of stipulations that government  loans do.
  • The rules and regulations are far less strict with conventional loans in many cases.


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Older couple enjoying their conventional mortgage from Carter Bank

An FHA loan is a home loan that is insured by the FHA (Federal Housing Administration). That offers a guarantee to the bank: if a customer fails to repay the mortgage, the FHA will step up and repay the bank instead.


  • Smaller down payment required
  • Fixed rates
  • Flexible loan terms
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Clipboard with FHA Loan Information

USDA loans are zero-down payment mortgages for rural and suburban homebuyers.


  • No down payment required
  • Competitive rates
  • Flexible credit guidelines
  • No maximum purchase price
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Young couple with moving boxes

The Veterans Administration (VA) helps service members, veterans, and eligible surviving spouses become homeowners. The VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.


  • Interest Rate Reduction Refinance Loan (IRRRL)
  • Native American Direct Loan (NADL) Program
  • Adapted Housing Grants
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Young military woman and child

A portfolio loan is a loan that is serviced by the lender that issued the money. Loans that are issued by a lender are packaged together with other loans and sold in the secondary market. With a portfolio loan, the lender that initially wrote the loan is going to hang onto it and keep it as a part of their investment portfolio.


  • Service the loan from another location
  • Customers will be able to keep their relationship with the lender that they originally worked with
  • Customers will be able to contact their lender whenever they have a problem
  • Better customer service experience
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Young woman in a coffee shop looking at paperwork

A $500,000 Homeowner Assistance Grant Program in partnership with Federal Home Loan Bank of Atlanta, Make It HAPPEN helps eligible families and individuals in our service regions become homeowners through Carter Bank and Trust.

We branded these funding opportunities Make It HAPPEN, “Homeownership Assistance Program Partnership Established Now,” to reflect our commitment to help more families and individuals become homeowners.

Make It HAPPEN funding opportunities are for eligible families and individuals who meet the requirements of one of the Federal Home Loan Bank of Atlanta’s homeowner assistance products highlighted below, specifically to:

  • First-time Homebuyers
  • Assistance for currently employed or retired law enforcement officers, educators, health care workers, firefighters, other first responders; veterans and active-duty military, or their surviving spouse; and essential workers
  • Veterans
  • Returning Veterans

First-time Homebuyers

Community Partners

Eligible BorrowsFunds may only be made available to a "first-time homebuyer," as such term is defined by HUD HOC reference guide chapter3, expanded to include recovering victims of catastrophic loss or natural disastersAssistance for currently employed or retired law enforcement officers, educators, health care workers, firefighters, other first responders; veteran and active-duty military, or their surviving spouse; and essential workers.
Maximum Subsidy



Borrow Minimum Contribution



Eligible use of FundsDown payment, closing costs and principal reduction for the purchase or purchase/rehabilitation of an existing unitDown payment, closing costs and principal reduction for the purchase or purchase/rehabilitation of an existing unit
Eligible PropertiesOwner-occupied 1-4 family properties, including manufactured housingOwner-occupied 1-4 family properties, including manufactured housing

For more information and to check the availability of funds, please contact one of our mortgage specialists, call 833.ASK.CBAT (833.275.2228) or visit one of our branches throughout Virginia and North Carolina.

Funding opportunities are available for a limited time and may be discontinued at anytime without notice.

Other eligibility requirements for Affordable Housing Program (AHP) homeowner assistance products:

  • Retention Period: Five years for all purchased products
  • Income Eligibility: <+80% of county area median income or the state median family income, adjusted for family size as published by HUD, whichever is higher
  • Products are available in the United States and its territories
  • This document is not a complete description of requirements of these products. Refer to Federal Home Loan Bank of Atlanta’s AHP Implementation Plan at fhlbatl.com


Happy family of four

A Carter Bank & Trust Construction-To-Permanent Loan lets you build and finance your primary residence or vacation home all with ONE LOAN, ONE CLOSING and ONE RATE!

  • One-time closing
  • Up to 90%* Financing Available
  • Interest Only Payment during the Construction Phase
  • Permanent Rate Established at Loan Application
  • Same Rate for All Phases of Construction
  • Fixed and Variable Rate Loan Solutions


Visit one of our branches to speak with an experienced banker to explore your options.

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*With Single Premium Mortgage Insurance

All loans are subject to credit approval.

Young couple viewing new construction site

Introducing Carter Bank’s Mortgage2Go!
Mortgage2Go is a mobile application that brings borrowers, partners, and loan originators together in a single platform to simplify the mortgage loan process. Carter Bank & Trust’s mobile app equips customers with the tools needed for a successful mortgage experience with real-time loan status updates. Watch the video for more.

Benefits of Using Mortgage2Go:

•  Mortgage calculators
•  Convenient initiation, updates, and completion of mortgage loan inquiry
•  Easy to read document checklist
•  Automated reminders when items are due
•  Scan and securely send documents with your phone
•  Real-time progress updates
•  Simplified communication with your loan officer


Download the Mortgage2Go App today to get started!

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Find Your Mortgage with Carter Bank & Trust

With decades of experience in the mortgage lending area, Carter Bank & Trust’s team of expert loan officers are ready to help you land your dream home. Utilize our helpful resources below for more information on how to prepare for the home loan process, and contact mortgage loan originator when you’re ready to get started.

The calculators on our website are provided for informational purposes only. Carter Bank & Trust and its affiliates disclaim any warranties, endorsement or representation, expressed or implied, related to these resources.

All loans are subject to credit approval.

Mortgage2Go is subject to additional terms and conditions.