Expanded Mortgage Options: 
Up to 100% financing*

Veterans Affairs (VA) Loans – Low-and-no-down payment options

VA loans provide financing for qualified veterans, eligible reservists, active duty personnel, and National Guard members for primary residence. They are available in a variety of rates and terms. Closing costs are allowed to come from a gift.

  • Low to no down payment options
  • No monthly mortgage insurance required
  • A one-time VA funding fee can be financed into the loan amount
  • No reserve requirements on single family properties
  • The seller can pay closing costs up to 4% of the purchase price 

Federal Housing Administration (FHA) Loan – Low down payment options

FHA loans provide financing for borrowers at all income levels. They are available in a variety of rate and term options. All or a portion of closing costs may be allowed to come from a gift. Borrowers typically have to pay upfront and monthly FHA mortgage insurance premiums.

  • Low down payment options
  • Available for all income levels
  • No reserve requirements on one to two family properties
  • The seller can pay up to 6% of the purchase price
  • Allows a co applicant to help you qualify, even if they don’t live in the home

Rural Housing Development (RD) Loan - Loans up to 100 % financing

RD loans are provided by the U.S. Department of Agriculture (USDA) Rural Development. The program assists low-to-moderate income buyers in rural areas with no down payment requirement.  

  • Loans up to 100 % financing, plus RD guaranteed fee
  • Loans may include funds for closing costs, guaranteed fee, up to 100% appraised value
  • The seller can pay up to 6% of the purchase price
  • Property must be located in an eligible community
  • An annual fee paid to the USDA’s Rural Development program that’s collected as part of the monthly mortgage payment.

*Loan offer is subject to credit approval

 

Contact Our Local Lenders


Our highly experienced Local Mortgage team will be with you when you need them. Contact them today to make an appointment.

Dody Fraher-Ruland

Dody Fraher-Ruland

Residential & Retail Loan Manager

NMLS #194700

275 Kennedy Drive South Burlington, Vermont 05403
802-865-1957

Dody leads an experienced local Mortgage team, where their top priority is customer service. She has over 30 years of expertise in the lending environment.

Email Dody
Dick Ploof

Dick Ploof

Lending Associate

NMLS #194725

275 Kennedy Drive South Burlington, Vermont 05403
802-865-1964

Serving:
College Street
Hinesburg
Kennedy Drive
Waterbury
Enosburg
St. Albans
South Hero

Email Dick
Deb Terrill

Deb Terrill

Lending Associate

NMLS #198799

54 Pearl Street Essex Junction, Vermont 05452
802-865-1978

Serving:
Essex Junction
Jericho
Springfield
Brattleboro
Wilmington
Bennington
Johnson
Hardwick
Winooski

 

Email Deb
Dan Pitner

Dan Pitner

Lending Associate

NMLS #885096

Green Mountain Plaza 286 Route 7 South Rutland, Vermont 05701
802-865-1822

Serving:
Green Mountain Plaza
Woodstock Ave
Fair Haven
Manchester Center
Bristol
Vergennes
Springfield, MA (NUVO)
St. Johnsbury
Bradford

 

Email Dan
Debra McDurfee

Debra McDurfee

Lending Associate

NMLS #561278

275 Kennedy Drive South Burlington, Vermont 05403
802-865-1956

Serving:
Home Equity

Email Deb
Nicole Hayes

Nicole Hayes

Mortgage Originator

NMLS #206558

929 Shelburne Road South Burlington, Vermont 05403
802-865-3505

Serving:
Shelburne Road
Williston Road
North Ave
White River
Thetford
Barre
Northfield

 

Email Nikki