Bootcamp For Buyers

First Time Homebuyer Programs in Vermont

Vermont offers several first-time homebuyer programs through the Vermont Housing Finance Agency (VHFA) to help make homeownership more accessible. These programs provide financial assistance, competitive loans, and tailored support for new buyers.

VHFA Advantage Program

The VHFA Advantage Program offers affordable fixed-rate loans for first-time homebuyers.

  • Provides 30-year fixed-rate mortgages with competitive interest rates.
  • No private mortgage insurance (PMI) required, reducing monthly payments.
  • Income and purchase price limits apply based on household size and location.

ASSIST Down Payment Assistance Loan

The ASSIST Loan helps buyers cover upfront costs like down payments and closing costs.

  • Offers up to $15,000 in assistance as a deferred loan.
  • No monthly payments required; repayable only upon sale, refinance, or payoff.
  • Must be combined with a VHFA mortgage product.

MCC Program

The Mortgage Credit Certificate (MCC) program provides federal tax benefits for first-time buyers.

  • Allows a tax credit equal to a percentage of the annual mortgage interest paid.
  • Can be combined with other VHFA loan programs for additional savings.
  • Eligibility includes income and purchase price limits.

Vermont’s first-time homebuyer programs are designed to make homeownership more affordable and achievable. Explore these opportunities to find the right fit for your needs and take the first step toward owning your dream home in the Green Mountain State.