Loan Officers

At Fayette County National Bank, we take pride in satisfying the needs of our community through our loan products.  We provide financing for a variety of personal and business needs with competitive rates and terms.  We always have a loan officer available that will work hard to arrange the best financing for your situation, whether business or personal.

All of FCNB’s loan officers are registered with the Nationwide Mortgage Licensing System.  Louise Rakes, SVP & Senior Lending Officer, heads our Loan Department with the assistance of Becky Arthur, Secondary Mortgage Loan Officer – NMLS ID #490523; Mark Meadows, Loan Officer in our Oak Hill Office – NMLS ID# 490524; and Karen Curtis, Loan Officer at our Main Bank location – NMLS #1066859

Personal Loans

We offer personal loans with the personal service and flexibility that can only be found in a community bank. We help meet your credit needs with a variety of personal loan products with competitive pricing and terms to fit your budget. We want to create lasting relationships with our customers, and our loan decisions are made locally.

Stop by one of our convenient locations or give one of our loan officers a call to discuss your loan needs.

• Installment – Secured and unsecured with a maximum term of 60 months
• Single Payment loans
• Credit insurance available
• No prepayment penalties
• Make payments online, by mail, at your branch or have them automatically debited form your deposit account.

We help meet your credit needs with a wide selection of personal loan products.

• Personal line of credit
• Auto Loans – new and used with terms up to 72 months
• RV, ATV, & boat loans
• Farm and lawn equipment
• Debt consolidation
• Home improvement
• FCNB deposit account secured loans at a lower rate

*All loans subject to credit approval.

Commercial Loans

Fayette County National Bank wants to partner with you to help grow your business!

We offer commercial loan products with the personal service and flexibility that can only be found in a community bank. We help small and large businesses meet their credit needs with a wide selection of lending services. All loan decisions are made here, by local people who live and work in our area. Stop by one of our convenient locations or give one of our loan officers a call to discuss your commercial loan needs.

• No payment penalties
• Make payment online, by mail, at your branch or have them automatically debited from your deposit account.

Commercial loans can be used for:

• Business startup
• Financing a new venture
• Purchasing equipment and machinery
• Buying or building commercial property
• Working capital
• Inventory purchase
• Seasonal cash flow
• Business expansion
• Real estate improvements
• Church loans
• Any purpose that helps your business grow!

We offer the following types of commercial loans:

• Commercial Real Estate Loans – Build or expand your business by choosing a commercial mortgage that fits your business needs.
• Equipment – Stay current with equipment upgrades or expand your business with new equipment purchases
• Auto
• Unsecured
• Commercial Lines of Credit – Improve your cash flow or access your available balance when you need it, whether seasonally or for a specific project

*All loans subject to credit approval.

Mortgage Loans

Our lenders can make purchasing, building or remodeling your home an enjoyable experience!

We offer mortgage loan products with the personal service and flexibility that can only be found in a community bank. All loan decisions are made here, by local people who live and work in our area. Stop by one of our convenient locations or give one of our loan officers a call to discuss your mortgage needs.

• No prepayment penalties
• Make payments online, by mail, at your local branch or have them automatically debited from your deposit account.
• Fixed rate – terms up to 15 years
• Adjustable rate loans that reprice in 1, 3, or 5 years with terms up to 25 years

We help meet your credit needs with a wide selection of mortgage products:

• New home construction loans with permanent financing
• Home purchase loans
• Home improvement loans
• Refinances
• Manufactured housing (with land)
• Home equity lines of credit

You may enjoy tax benefits with a mortgage loan. See your tax advisor for details.

NMLS

All of our loan officers are registered with the Nationwide Mortgage Licensing System (NMLS).

*All loans subject to credit approval.

FCNB Mortgage Group

Becky Arthur, Mortgage Specialist

Nationwide Mortgage Licensing System #490523

All the components of a great mortgage lender, offering:

• WVHDF
  • Homeownership
  • Movin’ Up

• VA
• FHA
• USDA
• FNMA/FHLMC Conventional

*All loans subject to credit approval

Visit us for your mortgage needs at 107 North Court Street in Fayetteville across from the courthouse.

Office (304) 574-0378

Cell (304) 575-6856

Email: barthur@fayconatl-bank.com

Bank Assets for Sale

Occasionally Fayette County National Bank may have properties or vehicles for sale. Please contact the person listed at the right or the person shown in the actual listing if you are interested in a particular property or vehicle.

Properties:

Vehicles:

Your FICO Score

The FICO model is used by the vast majority of banks and credit grantors, and is based on consumer credit files of the three national credit bureaus: Experian, Equifax, and TransUnion.

Credit Scores and Reports

Keeping track of your credit report is a smart move. Not only can it help alert you of possible identity theft, it’s also a way to make sure your information and credit history are correct – which is especially important if you’re about to apply for a loan.

Good credit scores can help you secure more favorable interest rates and lower fees. A bad score can raise the cost of borrowing or even cause the lender to reject your application.

What determines your credit score?

35% Payment history (on-time payments and/or delinquencies)
30% Capacity (available credit you can use)
15% Length of credit
10% Accumulation of debt within the last 12 – 18 months
10% Mix of credit – installment loans vs credit card or finance company loans

How can you improve your score?

• Pay off or pay down on your credit cards
• Increase your credit capacity by using no more than 30% of your available credit
• Do not close credit card accounts because your credit capacity may increase
• Continue to make payments on time (older late payments will become less significant with time)
• Refrain from opening new accounts until your credit capacity has improved
• Acquire a solid credit history with years of experience

What actions will hurt your credit score?

• Missing payments (regardless of dollar amounts – it can be up to 24 months to restore credit with one late payment)
• Credit cards at maximum capacity (maxing out credit cards)
• Shopping for credit excessively
• Opening up numerous credit lines in a short time frame
• Having more revolving credit debt in relation to installment credit debt
• Closing credit card amounts (this could lower available capacity)
• Borrowing from financing companies

Approximate credit weight for each year:

40% Current to 12 months
30% 13 – 24 months
20% 25 – 36 months
10% 37+ months

As a US consumer you’re entitled to one free credit report per year, from each of the big three consumer credit bureaus – Equifax, Experian and TransUnion. There is a link on our website for you to get your free credit report. Click here.

You do not get your credit score with your free credit reports. You can pay for your credit score, get a free FICO score with certain credit cards, or you can get estimated score for free. The free scores are estimates and do not deliver actual FICO scores. The FICO estimates do, however, give you an idea of where your credit rating stands and lets you know if you need to improve your credit score. One of the sites that will estimate your credit score is Credit Karma.

*Fayette County National Bank does not endorse or recommend and has no liability in connection with the effectiveness of any programs, products, processes, or services mentioned. Any mention of a specific product or service are examples and for informational purposes only.