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CENTRAL FIDELITY INTRODUCES THE COMMUNITY INVESTMENT MORTGAGE

 CENTRAL FIDELITY INTRODUCES THE
 COMMUNITY INVESTMENT MORTGAGE
 RICHMOND, Va., Dec. 10 /PRNewswire/ -- Central Fidelity recently introduced the Community Investment Mortgage, available to Virginians who qualify under individual community low-to-moderate income guidelines.
 The Community Investment Mortgage is available in adjustable and fixed rate mortgages. Terms may vary from 10 to 30 years. Primary residences only are eligible -- including single family homes, fee- simple townhomes, condominiums, single and double wide trailers permanently affixed to real estate, with property in satisfactory state of repair.
 Central Fidelity will finance up to 95 percent of the purchase price. There is a $7,500 loan minimum and no established maximum. Plus, Central Fidelity will waive the Private Mortgage Insurance requirement.
 The Community Investment Mortgage is part of Central Fidelity's overall Community Banking Services. 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 and supports education in Virginia.
 Central Fidelity Banks, Inc. (NASDAQ-NMS: CFBS) is Virginia's fifth largest bank holding company with 203 offices and $6.5 billion in assets.
 -0- 12/10/91
 /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


CM -- CH008 -- 0970 12/10/91 11:09 EST
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Publication:PR Newswire
Date:Dec 10, 1991
Words:219
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