VHFA program options

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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.