NeighborWorks of Western Vermont Down Payment Assistance Loan
Funding status: Active
How much assistance
Up to $50,000 or 20% of purchase price, whichever is lower (Repayable Loan)
15-year term, interest rate is 2% above the first mortgage rate. No prepayment penalty.
Eligibility
- Income limits: No income cap.
- First-time buyer required: No
- Geographic restrictions: Available to all qualified borrowers purchasing in Vermont.
- Homebuyer education required: Yes
How to Apply for NeighborWorks of Western Vermont Down Payment Assistance Loan
Step 1: Contact NeighborWorks of Western Vermont at 802-438-2303 (press option 2). The DPA loan is paired with a partnering lender for up to 100% financing.
Notes
No first-time buyer requirement. No income cap. No private mortgage insurance required. Homebuyer education required only if borrower is a first-time buyer.