VHFA ASSIST Down Payment Assistance
Funding status: Active
How much assistance
Up to $10,000 (Deferred Loan)
Zero-interest, no monthly payments. Repayment required only when the home is sold, refinanced, or the first mortgage is paid in full.
Eligibility
- Income limits: Must meet VHFA income limits (varies by county, generally $100,000 to $140,000). Combined liquid assets must be less than $20,000.
- First-time buyer required: Yes — Borrowers and non-borrowing spouses must have never owned a home.
- Credit score minimum: 640
- Geographic restrictions: Available statewide in Vermont.
- Homebuyer education required: Yes
How to Apply for VHFA ASSIST Down Payment Assistance
Step 1: Apply through a VHFA participating lender when obtaining a VHFA MOVE or ADVANTAGE mortgage. The lender will process the ASSIST loan alongside your first mortgage.
Notes
Can be combined with VHFA MOVE or ADVANTAGE mortgage programs. Funds can be used for down payment and closing costs, including reimbursement of upfront mortgage expenses.