Government Programs

The U.S. government has helped millions achieve the American Dream with programs that make it easier to become homeowners.

At Vermont Mortgage Company, we’re here to help you navigate these programs and understand your options.

Rural Development Loan: A USDA Rural Development loan, or RD loan, allows a qualified borrower to become eligible for a home with no money down. The United States Department of Agriculture insures the RD loan.

VA Loan: A VA loan is a benefit Americans receive from the government for serving their country as part of the military. VA loans allow for 100% financing.

VHFA: The Vermont Housing Finance Agency (VHFA) is a not-for-profit organization that helps low and moderate-income Vermonters obtain affordable mortgages. VHFA offers multiple homeownership programs through participating lenders, including local banks, credit unions, and mortgage companies. VHFA helps Vermonters without using state tax dollars.    Vermont Mortgage Company is a top lender with VHFA’s local state program.   https://vhfa.org

FHA: An FHA loan is a type of mortgage-backed by the Federal Housing Administration. Since the federal government insures these mortgage loans (and they are less of a risk for lenders), they can be easier to qualify for if you’re rebuilding your credit or need to make a smaller down payment.

Want to know more about these government loan programs? Contact us today for more information.