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CENTRAL FIDELITY INTRODUCES COMMUNITY INVESTMENT HOME IMPROVEMENT LOAN

CENTRAL FIDELITY INTRODUCES COMMUNITY INVESTMENT HOME IMPROVEMENT LOAN
 RICHMOND, Va., June 9 /PRNewswire/ -- Central Fidelity recently introduced the Community Reinvestment Home Improvement Loan, available to Virginians who qualify under individual community low to moderate income guidelines.
 "Our Community Investment Home Improvement Loan is designed and offered as part of our commitment to meeting the full range of credit needs in the communities we serve," said Lewis N. Miller, Jr., President, Central Fidelity Banks, Inc. "By providing funds for home improvement to low to moderate income homeowners, the whole community benefits."
 The Community Investment Home Improvement Loan is exclusively for home improvement with fixed rate financing. Financing for primary residences only is available, which includes single family homes, fee simple townhouses, condominiums, single and double wide trailers permanently affixed to real estate, with property in a satisfactory state of repair.
 Central Fidelity will finance up to 90 percent of the value of the property. There is a $2,000 loan minimum and no established maximum.
 The Community Investment Home Improvement Loan is the latest addition to Central Fidelity's overall Community Banking Services program which also includes a special Community Investment Mortgage. In addition to offering needed products and services for low-to-moderate income individuals and families, Central Fidelity is dedicated to outreach programs which provide home mortgage and other credit counseling.
 Central Fidelity Banks, Inc. is a Richmond, Va.-based holding company with 205 offices and $6.8 billion in assets.
 -0- 6/9/92
 /CONTACT: Peggy Cummings, Public Relations Manager, Central Fidelity Banks, Inc., 804-697-7261/
 (CFBS) CO: Central Fidelity Banks, Inc. ST: Virginia IN: FIN SU: PDT


DF -- CH002 -- 8255 06/09/92 09:37 EDT
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Publication:PR Newswire
Date:Jun 9, 1992
Words:275
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