Vermont Mortgage and Refinance Rates

As of Thursday, August 5, 2021, current rates in Vermont are 2.98% for a 30-year fixed, and 2.21% for a 15-year fixed.

Bankrate has offers for Vermont mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today.

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

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Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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Vermont mortgage overview

By Dhara Singh

Vermont was home to just over 620,000 residents as of 2019, the second-least populated state in the U.S., with 70.7 percent of housing owner-occupied, according to Census data. For homeowners with a mortgage, the median monthly cost is $1,594 in Vermont.

Since its founding in 1974, the Vermont Housing Finance Agency (VHFA) has helped 29,000 low- to moderate-income residents in the state purchase an affordable home.

First-time homebuyer programs in Vermont

In Vermont, qualifying first-time homebuyers have access to a variety of programs that can help them afford a home. These include:

  • ASSIST: The ASSIST program, administered by the VHFA, provides up to $5,000 for first-time homebuyers to use toward their down payment and closing costs in the form of a zero-percent interest, no-monthly-payment loan. The loan is repaid when the borrower pays off their mortgage, or refinances or sells their home. Borrowers must be using the VHFA Advantage, MOVE or MOVE Mortgage Credit Certificate (MCC) programs to qualify for the assistance, and must meet certain maximum asset and homebuyer education requirements.
  • MOVE: The MOVE VHFA program allows qualifying applicants to save up to $825 on the Vermont property transfer tax at closing, take advantage of a lower down payment and get lower monthly mortgage insurance. Borrowers must be first-time homebuyers (or not have owned a home in the past three years) if purchasing in Addison, Bennington, Chittenden, Grand Isle and Windsor counties, and must complete a homebuyer education course to qualify.
  • MOVE Mortgage Credit Certificate (MCC): Offered by the VHFA, this program combines the benefits of the MOVE program and a Mortgage Credit Certificate (MCC), allowing borrowers to claim up to $2,000 in federal tax credits per year, as well as save up to $825 on the state’s property transfer taxes. Additional eligibility requirements apply, including income and purchase price limits, and buyers must complete homebuyer counseling and an education course to qualify.

Vermont mortgage refinancing

If you’re considering refinancing your mortgage, private lenders, banks and mortgage brokers are all options. The VHFA does not offer any programs specifically for refinancing.

Keep in mind you don’t have to refinance through the same lender who holds your current mortgage. When you’re ready to refinance, identify your goals and shop around to make sure you’re getting the best possible rate and terms. Note that some homebuyer assistance programs may be void upon refinancing, so consult with your lender before moving forward.

Vermont mortgage resources