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VHFA to offer down payment and closing cost assistance for Vermonters

Posted by: seth on 3/29/2013

Housing Matters is pleased to announce that beginning Monday, April 1st 2013, VHFA will offer down payment and closing assistance grants. The grants will be available through the MOVE ASSIST program and to borrowers who qualify for a VHFA first mortgage insured by USDA Rural Development or the Veterans Association.

“These grants will enable qualified low-to-moderate income Vermonters to clear one of the most difficult barriers to buying a home – accumulating the required down payment or funds to pay closing costs” explained Jacklyn Santerre, VHFA’s Director of Homeownership.   “At a time when it is more difficult than ever for otherwise eligible Vermont households to save the money needed to close a mortgage loan,” Santerre continued, “we see this grant as an effective stepping stone to homeownership.”

Information about VHFA mortgage programs for low-to-moderate income Vermonters is available on the VHFA website.