NEW PARTICIPATING LENDER JOINS VHFA ROSTER

BURLINGTON, VT  PrimeLending has become a Vermont Housing Finance Agency (VHFA) participating lender. Participating lenders work with borrowers to answer questions about purchasing a home with a VHFA mortgage, determine borrowers’ eligibility, and process applications for low-interest rate VHFA home loans. “We’re pleased to have PrimeLending join the ranks of VHFA participating lenders,” said VHFA Executive Director Sarah Carpenter. “With participating lenders across the state, Vermonters have plenty of choices when it comes to selecting an institution they feel most comfortable with helping them through the home-buying process.” PrimeLending, part of PlainsCapital Bank, has headquarters in North Dallas, Texas, and 160 branches in 49 states. Vermont branches are in Barre, Bennington and Williston. VHFA’s Web site (www.vhfa.org) features a searchable database of all VHFA participating lenders — including names of mortgage originators at each institution and detailed contact information. The Vermont Legislature created VHFA in 1974 to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, the Agency has helped approximately 27,000 Vermont households with affordable mortgages and financed the development of approximately 7,700 affordable rental units.