There are many affordable programs available for first-time buyers in Vermont. NEFCU will help ensure that you get the loan that’s right for you.
NEFCU’s SHARE Program: A choice of a 5/1, 5/5 or 7/1 Adjustable Rate Mortgage priced below our fixed rate with flexible underwriting guidelines and reduced monthly mortgage insurance. Servicing of the loan will stay with NEFCU after closing.
Champlain Housing Trust (CHT): A 30-year fixed rate loan where CHT offers down payment grants to qualified buyers in exchange for shared equity in the property. Servicing of the loan will stay with NEFCU after closing.
Vermont Housing Finance Agency (VHFA): a competitively priced fixed rate mortgage with reduced closing costs. Income and purchase price limits apply. Servicing of the loan will be transferred to US Bank after closing.
Rural Development (RD): a type of mortgage that can be partnered with a VHFA loan to finance 100% of the purchase price with no monthly mortgage insurance. Servicing of the loan will be transferred to US Bank.
Contact us today. Your NEFCU loan officer will review the program choices and help you decide which loan is best for you.
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Institutional ID # 446767