Whether you’re buying, building, improving your home, or looking to reduce your payment or term, we can help you make it happen. Our home loans can be customized to your needs, and we’re here to walk you through the process with minimal hassle.
Start the application now, stop when you need a break, and pick it up again when you’re ready to keep going. It should take about 15-20 minutes to complete. Let’s get started!
We finance homes in Vermont for up to 30 years, including:
- Primary residences*
- 2nd/Vacation homes*
- Investment property
- Manufactured/Mobile homes on owned land
- Shared equity properties
*Also available for out-of-state property
Building or Renovating
Our construction lines of credit can get you through every step of the process, from buying the land to the final coat of paint. These products offer the opportunity to tap into your home’s anticipated equity after project completion. Two options are available. The first is for projects lasting 90 days or less, and the second is for projects lasting up to one year. When your home is finished, your construction line of credit is closed and the mortgage process begins.
Outdated kitchen? Dreary bathroom? Tap into your home’s equity to pay for your home improvements. Choose a variable-rate line of credit or fixed-rate second mortgage.
Want to reduce the rate or term on your loan? Need some extra cash to pay for a big expense? Refinancing your home, or other property, can help you accomplish these goals!
Use your home’s equity to consolidate your debt into one monthly payment at a low rate. Please Contact Us to review your options.
To provide you with as many options as possible, we offer a variety of innovative home loans
Low Down Payment Requirements
There are both conventional and government loan programs available that require as little as a 3% down payment when buying a home. This can open up home ownership opportunities for individuals and families who lack access to large sources of down payment funds.
Adjustable Rate Mortgage (ARM) – 3/1, 5/1 and 7/1
An adjustable rate mortgage is a home loan where the rate is fixed for a period of time (3,5, or 7 years) and is then adjusted every year based upon current market conditions at the time. Adjustable rate mortgages may be lower than a fixed rate mortgage at any given time. Borrowers must review the pro’s and con’s before entering into an adjustable rate mortgage.
Champlain Housing Trust
We offer 30 year fixed rate loans for buyers purchasing homes through CHT’s Shared Equity Program.
A mortgage loan insured by the Federal Housing Administration. The requirements to obtain an FHA loan may be less stringent than a conventional loan including down payments as low as 3.5% and more flexible credit standards.
Home Affordable Refinance Program is available to borrowers with loans that are owned by Fannie Mae or Freddie Mac who have remained current on their mortgages but have little or no equity.
These are no down-payment loans for eligible veterans interested in purchasing or refinancing a primary residence.
Are student loan payments standing between you and your dream of buying a home? A REACH loan from the credit union could be the solution. REACH increases your buying power by refinancing your student loan debt at a low fixed rate, in conjunction with a loan for your first home. To get things started, complete our online mortgage application and contact a loan officer to get the details and schedule an appointment.
* APR = Annual Percentage Rate