Mortgage program options

• Up to $5,000 to use toward down payment and/or closing costs
• 0% interest with no monthly payments

Only available with a VHFA first mortgage. Available to first-time homebuyers who have never owned a home with liquid assets less then $30,000 (non-retirement assets). Loan is repaid when you sell your home, refinance or pay your mortgage in full.

• 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.

• 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

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.