Medical Provider Program

Program Highlights

675 minimum credit score

100% financing for First Time Homebuyers

5% down if you have owned a home before

15% down for second homes

NO PMI

Loan amount up to $2M

Max Debt-to-income ratio (DTI) 45%

Student loan payments may be excluded if verified to be deferred for over 12 months from the closing date

Mortgage Rates Hike – What This Means for the Future

As many of you have probably seen, the Federal Reserve has made the decision to hike interest rates higher. Specifically, around .25% higher. This was not unexpected, and was done so that it may stimulate the economy. While there is a good amount of debate and fear...

Happy New Year – What to Expect in 2017

From all of us here at Vermont Mortgage Company, we hope you are having a happy and healthy 2017 so far! We are excited to kick off the new year, and cannot wait to see what will come of it. We know many may choose 2017 as the year they finally buy a house, as either...

FHA Loan Premium Cut

Greetings from the Vermont Mortgage Company! As we are sure many of you have heard, the Federal Housing Administration (FHA) has cut the annual mortgage premium by 25 basis points. What this means is the cost of a FHA Loan is now .25% lower, making mortgages more...