Vermont - Government Backed Loans

VHFA's mission is to finance and promote affordable, safe and decent housing opportunities for low- and moderate-income Vermonters.

Refinance Programs

Limited Refinance

The Limited Refinance program enables current homeowners of mobile homes to refinance a high-interest mortgage, or to replace shared appreciation with refinancing on all home types. Costs of property improvements and closing costs may also financed through the Limited Refinance loan.

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Purchase Programs

MOrtgages for VErmonters - MOVE

The MOVE program offers downpayment mortgages to eligible homebuyers. The Fixed Rate mortgage is 30-year term loan with monthly principal and interest payments and 2, 1 or 0 points available. The second option is the Cash Assistance Rate, a 0 point option on a 30-year loan. This loan provides cash assistance to be used toward a downpayment and closing costs.

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Manufactured Housing

Financing for new and existing single- and double-wide mobile homes is available in the form of a 30-year, fixed-rate mortgage with this program. Mobile homes must be situated either on land owned by the borrower or located in a mobile home park.

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Homeownership Opportunities Using Shared Equity - HOUSE

The HOUSE program offers to aid homebuyers who work with a nonprofit housing organization and agree to share the home's value with future owners in exchange for assistance. This is accomplished with the homeowner and the organization agreeing to keep the property affordable and to share profits from the home's eventual sale. Stepped Rates are available through the HOUSE program, wherein the interest rate increases by 0.5% annually for 3 years, after which it remains constant.

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