VHFA lowered our home mortgage loan interest rates today.
Our Government program — 30-year, 0 point, fixed rate — is 4.75% (4.75% APR).
Our Conventional program — 30-year, 0.25 point, fixed rate — is 4.875% (4.9% APR).
Read about VHFA's home loan programs online. If you're unsure which program might be right for you, we have a quick online quiz you can take to help.
Last Friday, VHFA adjusted our home loan income and purchase price limits. Now, more Vermonters will be able to purchase homes using VHFA's low-interest mortgages.
Income and purchase price limits vary by county and help determine which homebuyers and
properties are eligible for VHFA financing. Income limits are ceilings on what households can
earn and still qualify for VHFA mortgages; purchase price limits are the maximum price a
home can sell for and still be eligible for VHFA financing.
Read more in this morning's press release (PDF) and view all the new limits online.
VHFA staff sent off retiring Director of Homeownership Programs Pat Crady with a potluck luncheon today, complete with mariachi band. (How we managed to pull together a 4-piece mariachi band from our own ranks stands as a testament to how multi-talented our staff is. I think.)
Pat's retiring from her position after working for the Agency for 26 years.
Good luck, Pat!
Residents of Addison, Chittenden, Franklin and Grand Isle counties who were affected by flooding have 60 days to apply for assistance from the Federal Emergency Management Agency (FEMA).
There are 3 ways to apply:
To apply, you'll need: