The Vermont Housing and Finance Association (VHFA) offers an ASSIST loan which can be used in conjunction with a VHFA mortgage. The ASSIST loan is designed to provide applicants purchasing their first home with up to $5,000 to help with down payment and closing costs.

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VHFA Assist Loan

Financial Assistance for Homebuyers in Vermont

The Vermont Housing and Finance Association (VHFA) offers an ASSIST loan which can be used in conjunction with a VHFA mortgage. The ASSIST loan is designed to provide applicants purchasing their first home with up to $5,000 to help with down payment and closing costs.

The ASSIST loan is a zero percent, second mortgage that does not need to be repaid, unless the home is sold or refinance. The uses for the loan amount are very flexible, and can even reimburse some of the upfront expenses related to the mortgage that typically have to be paid out of pocket. However the amount cannot exceed actual closing costs and required down payment. 

ASSIST loans have separate eligibility requirements from VHFA's first mortgage programs.

Qualification Requirements
  • Applicants must be first-time homebuyers
  • Applicants must meet VHFA's ASSIST asset limitations 
  • Applicants must attend HUD-Approved Homebuyer Education prior to loan closing

Participating Lenders
Note: Check the VHFAA website for updated list
  • Union Bank     
  • Vermont Federal Credit Union          
  • People's United Bank 
  • Passumpsic Savings    
  • New England Federal Credit Union               
  • PrimeLending
  • Northfield Savings Bank
  • Mortgage Financial Inc.
  • Fairway Mortgage     
  • Opportunities Credit Union
  • Academy Mortgage
  • Northeast Home Loan Regency Mortgage
  • National Bank of Middlebury            
  • RMS Mortgage
  • MSA Mortgage

Down Payment Grants in Vermont

The program provides applicants with a deferred, zero-interest loan to help cover down payment and closing costs associated with the purchase of a new home. Borrowers do not need make any monthly payments on the MHDP Loan unless they decide to sell or transfer their home. 

The Vermont Housing and Finance Association (VHFA) offers an ASSIST loan which can be used in conjunction with a VHFA mortgage. The ASSIST loan is designed to provide applicants purchasing their first home with up to $5,000 to help with down payment and closing costs.

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