NEW PARTICIPATING LENDER JOINS VHFA ROSTER

BURLINGTON, VT  First National Bank of Orwell has become a Vermont Housing Finance Agency (VHFA) participating lender. Participating lenders work with borrowers to answer questions about purchasing a home with a VHFA mortgage, determine borrowers’ eligibility, and process applications for low-interest rate VHFA home loans. “We’re pleased to have First National Bank of Orwell join the ranks of VHFA participating lenders,” said VHFA Executive Director Sarah Carpenter. “With nearly 40 such lenders across the state, Vermonters now have more choices than ever when it comes to selecting a participating lender they feel most comfortable with helping them through the home-buying process.” First National Bank of Orwell is located at 441 Main Street in Orwell. VHFA’s Web site (www.vhfa.org) features a searchable database of all VHFA participating lenders — including names of mortgage originators at each institution and detailed contact information. VHFA was created by the Vermont Legislature in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped more than 25,000 Vermont households with affordable mortgages and financed the development of almost 7,000 affordable rental units.