The benefits of a VHFA first mortgage plus receive a tax credit up to $2,000 to reduce on your federal tax bill annually:
- Most counties have no first-time homebuyer requirement except Addison, Bennington, Chittenden, Grand Isle and Windsor
- Low down payment
- Can be paired with VHFA ASSIST down payment assistance loan
- Lower monthly mortgage insurance payments
- Save up to $825 on Vermont Property Transfer Tax at closing
- Up to 30% of mortgage interest paid annually converted to a tax credit that can be used year over year for the life of your mortgage
Pre-purchase homebuyer education and counseling required prior to loan closing. Income limits and purchase price limits are based on the county the property is located. If purchasing in Addison, Bennington, Chittenden, Grand Isle or Windsor cannot have owned a home in the prior 36 months. Primary residence purchase only.
Please click here to review a copy of the public notices regarding VHFA's MCC Program.
