Whether you're buying your first home, that perfect house with a view, or looking for a great investment opportunity, we have you covered! Our expert Origination team will walk you through the entire home buying process from start to finish.
Looking to lower your monthly mortgage payment or use the equity in your home for the kitchen of your dreams? Our refinance programs can allow you to utilize your current home to achieve any of the goals you have.
At Vermont Federal, we know how big of an accomplishment it is becoming a first-time home buyer. Because of that, we want to do everything we can to help you get there sooner. Many first-time home buyers struggle to come up with the necessary down payment. With our first-time home buyer program, you can borrow up to 97% of the home value or purchase price (whichever is lower) when you purchase a single family home or condominium. This means you only need a 3% down payment.
Still need some assistance with the down payment? We’re here to help you realize your dream of home ownership, with our new mortgage assistance program that can provide up to $7,500* towards your closing and down payment costs.
Available for first-time home buyers, or those who have not owned a home solely
Conventional mortgages only
Single family homes, approved condominiums, or double-wide manufactured homes
3% of the purchase price up to a maximum of $7,500
Household income limit of $125,000
100% Maximum combined Loan to Value
*Available for first-time home buyers who do not qualify for other assistance programs. Second mortgage loan at 0.00% interest, with no monthly payment due. If first mortgage is refinanced, paid off, or the property is sold, or the property is converted to a rental property the second mortgage will be due in full. After 15 years the second mortgage is forgiven. Other restrictions apply.