First Time Home Buyers
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First Time Home Buyer

 Programs in Vermont


Complete First Time Home Buyer Programs Available in Vermont.


The state agency created by the legislature in Vermont to offer first time home buyer programs is the Vermont Housing Finance Agency. Here is a summary of the current first time home buyer programs that are offered:

MOVE— MOrtgages for VErmonters

MOVE is VHFA's most popular loan program. MOVE offers borrowers flexible down payment requirements and qualifying guidelines and a number of interest rate and point options. MOVE loans are for home purchase only.

First Time Home Buyer Grants in Every State

Up To $10,000 Down Payment Assistance

CLICK HERE


HOUSE— Homeownership Opportunities Using Shared Equity

The HOUSE program is available for homebuyers who work with a nonprofit housing organization and agree to share their home's appreciation with future buyers in exchange for purchase assistance. The nonprofit organization and homebuyer agree to keep the property affordable for future homebuyers by sharing any profit when the home is sold.

For complete details on these first time home buyer programs available to Vermont residents, visit the Vermont Housing Finance Agency website.

It is highly recommend that you also visit the First Time Home Buyer Grants page for free assistance with the down payment. This will make it possible for many people to qualify for a first time home buyer loan who wouldn't have qualified without the grant assistance.


Best Lender For First Time Home Buyer Loans

Unfortunately, some lenders do not like to work with first time home buyers (due to not having a track record), and prefer instead to only provide mortgages to people who have previously owned a home. If you do not need help with the down payment and are not in need of any state program, search for a lender that has great rates, an easy online application, and welcome first time home buyers. Additionally find one that has not been as severely hurt by the subprime mortgage crisis and are still approving the majority of applications.

 

Other First Time Home Buyer Programs & Resources


   
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