Monarch Mortgage is Blue Ridge Bank's full-service licensed mortgage lender.
Our goal is to provide our clients with expert guidance, a complete array of loan options, competitive interest rates and leading class customer service.
Wide range of loan programs:
- Conventional Loans
- FHA Loans
- Refinance Loans
- USDA (U.S. Department of Agriculture) Loans
- VA (Veteran Affairs) Loans
Key Features
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Variety of Financing Programs
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Competitive Rates
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Refinancing Available
Variety of Financing Programs
Competitive Rates
Refinancing Available
Why Monarch Mortgage?
We are here to help you purchase your dream home or refinance to take advantage of savings you can use. We offer competitive rates for home purchase, refinance or construction. Our loans are available for primary residences, second homes, vacation homes, or investment properties. We want to work with you to find the right accommodating financing terms, customized to your unique situation.
Our knowledgeable loan officers have years of experience in the local real estate market spreading from Maryland to Florida. We pride ourselves on thorough, attentive service throughout every step of the process.
Get Started Now
Visit our mortgage center to learn more about our programs and how we can assist you!
More than homes
Looking for construction loans, land only loans or investment property loans? We have experience and financing options for the land loans you need.
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment. We have various loan terms available.
If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA loans are insured by the Federal Housing Administration (FHA). Programs are available for borrowers with limited savings for a down payment. A minimum down payment of 3.5% is required. The FHA guidelines offer greater flexibility in some areas and therefore broaden the availability of home financing to more buyers.
There are several reasons you might consider refinancing your mortgage. You could lower your monthly payment, get a lower interest rate, consolidate your debt, convert from an ARM to a fixed-rate loan, or eliminate private mortgage insurance. Speak with a Monarch Mortgage loan officer to determine if refinancing your current mortgage can help you meet your goals.
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country. There is no down payment required for most VA loans. These loans do require eligibility from the VA which requires the buyer being a Veteran or Active Duty military. The guidelines promote flexibility and remove many of the typical burdens of mortgage qualification for eligible buyers.
This is the tax opportunity every real estate investor needs to know!
A 1031 tax deferred exchange allows investors the ability to defer the capital gains tax associated with the sale of business or investment.
Real Estate can be an effective way to preserve and create wealth through a reinvestment of "like-kind" property. The various requirements to comply with and time deadlines to meet set out by the Internal Revenue Code and the various regulations make a 1031 Exchange complex, so the support of an experienced Qualified Intermediary is important.
Learn more by contacting:
Dean M. Nichols | Attorney at Law
90 North Main Street
P.O Box 1287
Harrisonburg, VA 22803
(540) 437-3105
[email protected]
Tanya P. Dinges | Paralegal
90 North Main Street
P.O. Box 1287
Harrisonburg, VA 22803
(540) 437-3106
[email protected]
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Certificate of Deposit Specials
| Term | Interest Rate | APY | Minimum Balance |
|---|---|---|---|
| 5 Months | 4.44% | 4.50% | $1,000 |
| 10 Months | 4.13% | 4.20% | $1,000 |
Annual Percentage Yield (APY) accurate and effective as of 9/30/2024. This is a limited time offer and may be withdrawn at any time. Minimum balance to open and to obtain APY is $1,000. Certain restrictions and conditions may apply. Fees may reduce earnings. Early withdrawal fee may apply. All figures in examples are for product explanation and are based on a 5-month and 10-month term. Ask us for complete details.
Certificates of Deposit
| Term | Rate | APY | Minimum Balance |
|---|---|---|---|
| 3 - 5 Months | 1.00% | 1.00% | $1,000 |
| 6 Month | 1.05% | 1.05% | $1,000 |
| 7 - 11 Months | 1.10% | 1.10% | $1,000 |
| 12 - 17 Months | 1.24% | 1.25% | $1,000 |
| 18 - 23 Months | 1.29% | 1.30% | $1,000 |
| 24 - 35 Months | 1.34% | 1.35% | $1,000 |
| 36 - 47 Months | 1.39% | 1.40% | $1,000 |
| 48 - 59 Months | 1.44% | 1.45% | $1,000 |
| 60 Months and Longer | 1.49% | 1.50% | $1,000 |
The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.
Please see our Disclosure information
Checking and Savings Accounts
| Product | Interest Rate | APY | Balance |
|---|---|---|---|
| Charitable Account | 0.10% | 0.10% | |
| Health Savings Account | 0.15% | 0.15% | |
| Jackpot Savings | 0.10% | 0.10% | |
| Savings Accounts | 0.10% | 0.10% | |
| Golden Advantage Plus | 0.025% | 0.03% | $0.00-$2,499.99 |
| Golden Advantage Plus | 0.05% | 0.05% | $2,500.00-$49,999.99 |
| Golden Advantage Plus | 0.075% | 0.076% | $50,000.00 and Greater |
| Youth Savings Account | 0.10% | 0.10% |
Please see our Disclosure information
Golden Advantage Certificate of Deposits and Specials
| Term | Interest Rate | APY | Minimum Balance |
| 12 months | 4.23% | 4.30% | $1,000 |
| 30 months | 1.34% | 1.35% | $1,000 |
| 36 months | 1.39% | 1.40% | $1,000 |
| 60 months | 1.49% | 1.50% | $1,000 |
**Annual Percentage Yield (APY) accurate and effective as of 9/30/2024. This is a limited time offer and may be withdrawn at any time. Minimum balance to open and to obtain APY is $1,000. Certain restrictions and conditions may apply. Fees may reduce earnings. Early withdrawal fee may apply. All figures in examples are for product explanation and are based on a 12-month, 30-month, and 60-month term. Ask us for complete details.
Jumbo Certificates of Deposit
| Term | Rate | APY | Minimum Balance |
|---|---|---|---|
| 1 - 2 Months | 1.00% | 1.00% | $100,000 |
| 3 - 5 Months | 1.09% | 1.10% | $100,000 |
| 6 Months | 1.15% | 1.15% | $100,000 |
| 7 - 11 Months | 1.19% | 1.20% | $100,000 |
| 12 Months and Longer | 1.34% | 1.35% | $100,000 |
The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.
Please see our Disclosure information
Kasasa Cash*
| Balance | Minimum Deposit to Open | Interest Rate | APY |
|---|---|---|---|
| $100 - $15,000 | $100 | 4.89% | 5.00% |
| $15,000+ | NA | 0.05% | 0.05% |
| All balances if qualifications not met | NA | 0.01% | 0.01% |
Qualifications
Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash® account during each Monthly Qualification Cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Have at least 1 direct deposit or 1 ACH auto debit post and settle
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa Cash account is still free. Plus, you'll still earn our base interest rate. And you can get right back to earning your full rewards the very next month.
Kasasa Saver*
| Balance | Minimum Deposit to Open | Interest Rate | APY |
|---|---|---|---|
| $0 - $100,000 | $0 | 2.96% | 3.00% |
| $100,000+ | $0 | 0.05% | 0.05% |
| All balances if qualifications not met | $0 | 0.01% | 0.01% |
Qualifications
Qualifying for your Kasasa Cash rewards automatically qualifies you for the highest Kasasa Saver® rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- Have at least 10 debit card purchases post and settle
- Be enrolled and receive eStatement notice
- Have at least 1 direct deposit or 1 ACH auto debit post and settle
That's it. Even if you don't meet your qualifications during the cycle, your Kasasa® accounts are still free. Plus, you'll still earn our base interest rate on Kasasa Saver. And you can get right back to earning your full rewards the very next month.
Money Market
| Balance | Rate | APY |
|---|---|---|
| $0.00 - $24,999.99 | 0.25% | 0.25% |
| $25,000.00 - $49,999.99 | 0.35% | 0.35% |
| $50,000.00 - $249,999.99 | 0.50% | 0.50% |
| $250,000.00 and Greater | 0.65% | 0.65% |
Municipal Money Market
| Balance | Rate | APY |
|---|---|---|
| $1,000.00 and Greater | 0.15% | 0.15% |
Signature Money Market*
| Balance | Rate | APY |
|---|---|---|
| $0.00 - $24,999.99 | 0.00% | 0.00% |
| $25,000.00 - $49,999.99 | 0.00% | 0.00% |
| $50,000.00 - $249,999.99 | 3.88% | 3.95% |
| $250,000.00 and Greater | 3.88% | 3.95% |
*Annual Percentage Yield (APY) accurate and effective as of 9/30/24. The minimum balance to obtain interest on the Signature Money Market is $50,000. An $11 service fee applies if the account balance falls below the minimum balance. This offer is for new money not currently on deposit with Blue Ridge Bank.