County directory · Virginia
CDFI lenders in Montgomery County, VA
1 is headquartered here. 2 more have a bank or credit-union branch here. 1 more say they serve all of Virginia. Sources: lender websites (29 Oct 2026–4 Nov 2026), the CDFI Fund list (21 Oct 2026) and FDIC/NCUA branch records.
- Name this county
- 0
- Based here
- 1
- Branch here
- 2
- Serve all of VA
- 1
None of the lender websites we read names Montgomery County; the lenders below are based here, have an office here or serve the whole state. Lenders based elsewhere may lend here too. Search your exact ZIP code in the finder to include lenders based nearby. Towns in this county: Blacksburg, Christiansburg, Mc Coy, Pilot, Riner, Roanoke, Shawsville.
Lenders compared for Montgomery County
3 with local records| Lender | Local records | Loan sizes | Head office |
|---|---|---|---|
| 1. Freedom First Federal Credit Union Credit union, Roanoke VA | 3 offices here; 116 home loans here, 2025 | ask | 24 mi |
| 2. Locus Bank, Inc. Bank or thrift, Richmond VA | 1 office here | ask | 157 mi |
| 3. Appalachian Community Capital Corporation Loan fund, Christiansburg VA | headquarters here | ask | 5 mi |
3 of these 3 lenders have received CDFI Fund awards, together $19M in fiscal years 2009–2024 (CDFI Fund award database; each lender page lists its awards). An award funds the lender, not a particular borrower.
Order: how many kinds of local record we hold (its website names the county or a town in it, headquarters, a branch, SBA loans or HMDA home loans for borrowers here), then the number of those records, then the head office's distance from the county centre. Loan sizes are the range the lender's website states. It is not a rating and nobody pays for a place. SBA loans: SBA 7(a)/504 data (FY2020–FY2026, 3 or more shown); home loans: HMDA 2025 originations (3 or more shown); branches: FDIC/NCUA; distances are straight lines from the average position of the county's ZIP codes.
Where these lenders have offices
3 lenders2 head offices and 13 branches or offices of 3 lenders on this page, within 35 miles of the centre of Montgomery County. Lenders with no office nearby may still lend here; many work by phone and online.
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Banks and credit unions with a branch in this county
2 certified CDFIs have at least one office in Montgomery County (FDIC office data as of 30 Oct 2026 and NCUA branch data as of 30 Jun 2026). A branch shows presence, not a stated service area; credit unions also require membership.
- Freedom First Federal Credit UnionCredit union · Roanoke, VAHome repair / improvement loans, Home mortgages3 offices in Montgomery CountyVerified
- Locus Bank, Inc.Bank or thrift · Richmond, VAEnergy / solar / efficiency loans, Affordable housing development loans, Small-business loans1 office in Montgomery CountyVerified
CDFI mortgage lenders active here
Certified CDFIs reported 118 originated home loans for properties in Montgomery County in 2025 under the Home Mortgage Disclosure Act: 7.5% of the 1,576 home loans that all HMDA lenders reported here.
Plus 1 more certified CDFI with fewer than 3 loans here each (not listed).
A lender headquartered far away can appear here: HMDA counts the county of the property, not of the lender. Banks and credit unions below the HMDA reporting thresholds and most loan funds do not report, so other CDFIs may also lend here.
Source: FFIEC Home Mortgage Disclosure Act (HMDA) data for 2025, snapshot frozen 2 Jun 2026, loan-level records read through the CFPB HMDA Data Browser API on 3 Nov 2026. Originated loans only; applications that were denied, withdrawn or not accepted are not counted. HMDA publishes each loan amount as the middle of a $10,000 band, so totals and medians are approximate. Counts under 3 are not shown. How we match lenders.
Small business and SBA lending in Montgomery County
Official statisticsMedian household income in Montgomery County is $72,715, 22% below the Virginia figure of $93,170 (ACS 2020–2024).
Businesses here took 31.2 SBA-backed loans per 1,000 employer businesses over FY2020–FY2026: more than the median Virginia county (23.9), rank 39 of 133.
| Measure | Montgomery County | Virginia |
|---|---|---|
| Businesses with paid employees (CBP 2023) | 2,016 (1.0% of the state) | 210,842 |
| …of which under 20 employees | 84% | 84% |
| Businesses without employees (Nonemployer Statistics 2023) | 6,045 | 740,321 |
| Median household income (ACS 2020–2024) | $72,715 (22% below the state) | $93,170 |
| SBA 7(a) and 504 approvals, all lenders, FY2020–FY2026 | 63 (61 7(a), 2 504) | 6,754 |
| …per 1,000 businesses with employees | 31.2 (rank 39 of 133 Virginia counties) | 23.9 (median county) |
| Median SBA 7(a) loan, all lenders | $196,400 | $225,000 |
| …with a certified CDFI as lender, CDC or third-party lender | 0 (0%) | 84 (1%) |
| Variable-rate 7(a): median rate over prime at approval, FY2024–26 | 2 pts (20 loans; 5% at the SBA maximum) | 2.75 pts (13% at the maximum) |
Approvals by fiscal year: FY2020 10 · FY2021 9 · FY2022 8 · FY2023 3 · FY2024 10 · FY2025 14 · FY2026 9.
For comparison, not an offer. SBA figures count approvals by every SBA lender for borrowers whose ZIP code lies in the county, not only CDFIs; approval is not disbursement. Rate over prime = the SBA's recorded initial rate minus the prime rate on the approval day; SBA caps it at 3 to 6.5 points depending on loan size (current prime rate and caps: methodology).
Sources: Census Bureau County Business Patterns 2023, Nonemployer Statistics 2023 and American Community Survey 2020–2024 (table B19013); SBA 7(a) & 504 FOIA data as of 30 Sep 2026; prime rate: FRED DPRIME; SBA maximums: SBA 7(a) terms. Downloaded 15 Nov 2026. How we compute these.
CDFI lending recorded here (FY2022)
CDFI Fund data, released Dec 2024151 loans and investments totaling $56.7M (median $207,960) were reported to the CDFI Fund for borrowers and projects in Montgomery County in fiscal year 2022, by 5 reporting CDFIs. More than half of these records come from a single reporting CDFI.
| Purpose (CDFI Fund category) | Count | Total | Median |
|---|---|---|---|
| Home purchase | 134 | $32.4M | $212,700 |
| Non-real estate microenterprise | 7 | $129,967 | $11,010 |
| Real estate: commercial construction, permanent or acquisition | 3 | $2.1M | $892,500 |
| Other purposes | 7 | $22M |
Of 135 individual borrowers whose income was reported, 41% had family income at or below 80% of the area median.
CDFI banks and credit unions also reported 1,391 consumer loans in Montgomery County totaling $22.5M (Consumer Loan Report, tract totals, so no median); they counted 69% of them as serving low-income borrowers.
Loans and investments reported in other years: FY2018 90 · FY2019 71 · FY2020 122 · FY2021 272.
Only CDFIs that hold an active CDFI Fund award (CDFI Program, Native American CDFI Assistance or the CDFI Rapid Response Program) report these transactions, so this is not all lending by the certified CDFIs on this page. The Fund masks which CDFI made each loan, so we cannot say which lender listed here made them.
Source: CDFI Fund, CDFI/NACA/CDFI RRP Program Award Recipient Data Release, Transaction Level Report and Consumer Loan Report public files for fiscal year 2022 (released Dec 2024; downloaded 3 Nov 2026). Amounts are original loan or investment amounts as reported. Place = the 2010 census tract of each record. How we count.
Headquartered in Montgomery County
The official list gives a headquarters address here. Check each lender's page for where it lends.
Say they serve all of Virginia
Free help before you apply
These offices give free or low-cost advice: a Small Business Development Center or SCORE mentor can help with the business plan, cash-flow projections and paperwork most business lenders ask for, and a HUD-approved housing counselor can help with a homebuyer course, a budget or a missed mortgage payment. Some counseling agencies also lend; using their advice does not commit you to their loans. Call ahead to check hours and what they cover.
Business advice
- Greater Roanoke & NRVSmall Business Development Center · 4 East Main Street, Suite 220, Christianburg, VA 24073540-632-1174
- Blue Ridge SCORESCORE mentoring · 227 S Pollard St., Vinton, VA 24179800-634-0245 · about 27 miles from the centre of Montgomery County
Housing counseling
- Community Housing Partners CorporationHUD-approved housing counselor · 448 Depot St NE, Christiansburg, VA 24073540-260-9039
- New River Community Action (Montgomery Area)HUD-approved housing counselor · 400 W Main St, Christiansburg, VA 24073540-381-1561
Sources: SBA local assistance listings, read 6 Nov 2026; HUD's list of approved housing counseling agencies (open-data version last updated 9 Apr 2025). For the current list and the services each agency offers, use the CFPB's housing counselor search (it uses HUD's list) or call HUD at 800-569-4287. Offices are placed by ZIP code, so distances are approximate.
City pages in Montgomery County
Other Virginia counties
Source: CDFI Atlas, cdfiatlas.com/states/va/counties/montgomery-county/. © 2026 CDFI Atlas. Quoting with a link is welcome; republishing the pages or the compiled data is not (terms of use).