VHFA Mortgages
Creating affordable housing opportunities for our members.
You deserve an affordable home
We work with Vermont Housing Finance Agency (VHFA) to help qualified buyers move into their new home. These programs typically have income eligibility requirements and offer features like down payment assistance, competitive interest rates, and/or lower closing costs.
Available Grants and Programs
There are a variety of grants and programs available to help you buy your home, some of which we may not have listed here. For a complete list of what’s available and how you can combine programs to maximize your funding, get in touch with one of our mortgage loan officers.
First Generation Homebuyer Program
$15,000 grant to help with your down payment and closing costs. Can be combined with other grants and programs.
Down Payment & Closing Cost Assistance
$10,000 in down payment and closing cost assistance for qualified buyers via a 0%, $0 payment second mortgage that must be repaid at sale, refinance, or payoff.
|
Type |
Rate |
APR |
|
|---|---|---|---|
| Rates effective 10/12/2024 | |||
|
APR = Annual Percentage Rate. Rates can vary according to individual loan situations. Rates and lock periods are subject to change. The payment amount may be higher if escrows for property taxes, homeowner’s insurance, or mortgage insurance are applicable. |
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|
Type Fixed – Advantage |
30 Years |
Rate 6.000% |
APR 6.036% |
|
Type Fixed – Advantage 100% RD |
30 Years |
Rate 5.750% |
APR 5.786% |
|
Type Fixed – Move |
30 Years |
Rate 5.750% |
APR 5.786% |
|
Type Fixed – Move 100% RD |
30 Years |
Rate 5.500% |
APR 5.535% |
Let’s make the most of available community lending programs
There are a lot of ways to combine different programs and grants to minimize what you pay out of pocket. We’re proud to be a top lender for Vermont Housing Finance Agency (VHFA) and share our knowledge as a local lender to help you get the most of these programs.
Apply for a VHFA Mortgage
Disclosures
- 1.
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APR = annual percentage rate. Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated.
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- 2.
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APR = annual percentage rate. Fixed rate mortgage payment example: A fixed rate loan of $180,000 for 30 years at a 5.750% interest and an APR of 5.786% is a $1,050.43 monthly payment. Adjustable rate mortgage payment example: The adjustable rate mortgage is a variable rate loan; interest rates and payments may increase after the original fixed-rate period. Your interest rates and payments may increase after the original fixed-rate period. A loan for $180,000 at a 5.625% initial interest rate and APR of 6.48%, subject to increase, will have the following monthly payment: 300 payments of $1,178.22 at an interest rate of 7.00% based on the current index plus a margin.
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