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Today's Rates

MortgageRateAPR
30 Year Fixed Bi-Weekly with Auto-Pay 3.350% 3.398%
20 Year Fixed Bi-Weekly with Auto-Pay 2.900% 2.970%
15 Year Fixed Auto-Pay 2.650% 2.740%
10 Year Fixed Auto-Pay 2.550% 2.681%
1-Year ARM with 15-Year Term 1.875% 1.856%
1-Year ARM with 10-Year Term 1.875% 1.905%
3-1 ARM with 15-Year Term 2.500% 2.124%
3-1 ARM with 10-Year Term 2.250% 2.143%
Home EquityRateAPR
5 Year Fixed HE Loan 2.970% 3.302%
15 Year Fixed HE Loan 4.610% 4.733%

Click on the Rate or APR for payment information.

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* Today's Rates do not apply to Massachusetts properties. For rates on Massachusetts properties, click for a personal quote.

Local Mortgage Options

Merchants Bank continues to offer mortgage options that are held and serviced locally, right here in Vermont. Our lending associates will help you choose the best loan for your situation, whether you are looking to finance a primary residence, investment property or second home suitable for year-round occupancy.

  • Local decisions. Local servicing.
  • Competitive rate options (fixed and adjustable)
  • Free pre-qualification
  • A variety of terms, ranging from 10 years to 30 years  
  • Our unique bi-weekly mortgage
  • Maximum loan-to-value ratio of 80% of appraised value or purchase price, whichever is lower
  • Maximum loan amount of $417,000
  • For other specialized loans including, Jumbo, Construction, Seasonal, and Land, click here

Our local mortgage team is happy to help you find the right home loan for your needs. We’ll help you compare options, including overall costs, monthly payments, terms, and conditions. If you prefer, you can apply on-line

Apply Online for Local Mortgage

View all loan and deposit rates.

 

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:
North Avenue
College Street
Shelburne Road
Hinesburg
South Burlington
Kennedy Drive
Waterbury
Enosburg
St. Albans
South Hero
Williston Road

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
White River Junction
Thetford
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:
Rutland
Woodstock Ave
Fair Haven
Manchester Center
Bristol
Vergennes
Northfield 
Springfield, MA (NUVO)
Barre
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