Registration for the 2022 Vermont Statewide Housing Conference on November 16th is open! Register here or sign up to sponsor the conference today!

မြန်မာ   中国人  Française    Kirundi      नेपाली    Espanol    Kiswahili   Tiếng Việt    عربي
 

All VHFA programs are offered exclusively through local VHFA Participating Lenders. VHFA programs include the following benefits and eligibility requirements:

MOVE

MOVE MCC

  • 30-year, fixed rate mortgage loan
  • Down payment 0% to 5% (lender will determine)
  • Down payment and closing cost assistance available
  • Up to $825 savings on Vermont Property Transfer Tax at closing
  • Annual Federal tax credit up to $2,000 with the MCC. Restrictions apply  
  • Income limit, purchase price limit, credit and other eligibility requirements apply
  • Minimum credit score begins at 640, higher minimum scores may be required (lender will determine required score)
  • No ownership within prior 36 months, if purchasing in: Addison, Bennington, Chittenden, Grand Isle, or Windsor County 

ADVANTAGE

  • 30-year, fixed rate mortgage loan
  • Down payment 0% to 5%, (lender will determine)
  • Down payment and closing cost assistance available
  • Up to $825 savings on Vermont Property Transfer Tax at closing
  • Income limit, purchase price limit, credit, and other eligibility requirements apply
  • Minimum credit score begins at 640, higher minimum scores may be required (lender will determine required score)

ASSIST Down Payment and Closing Cost Assistance

  • 0% interest loan with no monthly payments due on sale 
  • Only with a VHFA Move, Move MCC, or Advantage Mortgage Program
  • Borrowers and non-borrowing spouses must be true first-time homebuyers
  • Maximum loan amount $10,000 or $15,000 based on income (lender will determine)
  • Not available with Veteran (VA) loans

Mortgage Credit Certificate (MCC)

  • Federal tax credit up to $2,000 each year borrowers live in the home and pay interest on the mortgage. Restrictions apply.
  • Available with MOVE MCC or with a non-VHFA mortgage offered by a VHFA Participating Lender.