In Vermont, finding the right mortgage can save you thousands of dollars. Mortgage-Info.us was created for that purpose. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers – we’ve have them. When you fill out our mortgage quote form, you’ll get offers from 2-4 different lenders that will compete to save you money.
Featured Mortgage Lenders in Vermont
Vermont Mortgage Quick Facts
Vermont State Population: 608,827*
Median Vermont Home Price: $111,500*
Total Vermont Housing Units: 299,570*
House Ownership Rate in Vermont : 70.6%*
What kind of Mortgage options do I have in Vermont?
- Fixed Rate Mortgages
- Adjustable Rate (ARM) Mortgage Loans
- Interest only Mortgage loans
- LIBOR Mortgage Loans
- Cash out Mortgage Loans
- Refinance Mortgage Loans
- Second Mortgage Loans
- Home Purchase Mortgage Loans
- Reverse Mortgage Loans
- Home Equity Line of Credit Mortgage Loans (HELOC)
- Jumbo Home Loans Home Equity Loans
- No Doc/Stated Income
- Balloon ARM
- 125 Home Equity Loan
- FHA Streamlined
- Home Improvement Loan
- Debt Consolidation
- No Money Down Home Purchase Loans – Flex 100
- 103% Home Value Purchase Loan
How Your Credit Score Affects Your Mortgage Rate
To start with, you need to know what your current credit score is . You should compare that against the average Vermont consumer credit score of 709, and the national average credit score of 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, among the most important is your credit score.
Vermont Mortgage State Laws:
Vermont is a judicial foreclosure state. After default, notice is sent to the defendants to appear in court. If judgment is made to do so, the plaintiff will prepare the foreclosure decree, and the defendant will have five days to contest it. The borrower may redeem the property at anytime up until the sale of the property if he/she can pay the remainder mortgage in full, plus any legal fees incurred during proceedings. Lenders may sue for deficiency. Defendants have a six-month redemption period.
In 2002, the Predatory Lending Bill was introduces to Vermont Senate. The purpose of the bill is to prevent predatory lending. This Bill details punishment for those who intentionally create unfair loans. It bans flipping.
White Collar Crime Supervisor
200 McCarty Avenue
Albany, NY 12209-2095
Phone: (518) 465-7551
Addiscon County, Bennington County, Caledonia County, Chittenden County, Essex County, Franklin County, Grand Isle County, Lamoille County, Orange County, Orleans County, Rutland County, Washington County, Windham County, Windsor County
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.