VHFA programs and benefits are paired with 30-year fixed rate mortgages offered by local VHFA Participating lenders. VHFA offers the following programs to eligible homebuyers:
MOVE
- Often VHFA's lowest rate
- VHFA ASSIST available up to $10,000
- Up to $825 savings on Vermont Property Transfer Tax at closing
- Lower monthly mortgage insurance when using a conventional loan (Fannie Mae or Freddie Mac)
- Income and other eligibility requirements apply*
MOVE MCC
- VHFA ASSIST available up to $5,000
- Mortgage Credit Certificate (MCC)
- Up to $825 savings on Vermont Property Transfer Tax at closing
- Income and other eligibility requirements apply*
ADVANTAGE
- VHFA ASSIST available up to $5,000
- up to $825 on Vermont Property Transfer Tax at closing
- Income and other eligibility requirements apply*
ASSIST Down Payment and Closing Cost Assistance
- Available with VHFA Move, Move MCC, and Advantage
- 0% interest loan with no monthly payments
- Repaid when you sell, refinance or pay off your mortgage in full
- Available to true first-time homebuyers*
- Borrower & non-borrowing spouse combined liquid and non-retirement assets must be less than $30,000
Mortgage Credit Certificate (MCC)
- Federal tax credit up to $2,000 each year you live in the property and pay interest on your mortgage
- Available with MOVE MCC or paired with a non-VHFA mortgage offered by a local VHFA participating lender.
- Click here to review a copy of the public notices regarding VHFA's Mortgage Credit Certificate MCC Program.
*Income, Purchase Price Limits and other eligibility requirements apply. For primary residential purchase only. VHFA ASSIST is not available when pairing a VHFA program with a VA mortgage loan. For ASSIST, all borrowers and non-borrowing spouses must be true first-time homebuyers: no previous ownership interest (including spousal benefit) in a primary residence at any time before closing. For MOVE and MOVE MCC: no ownership within 36 months prior to application if purchasing in: Addison, Bennington, Chittenden, Grand Isle and Windsor counties.