Vermont Down Payment Assistance (ASSIST)

How is Vermont Down Payment Assistance (ASSIST) paid back?

Deferred loan: 0% loan with no monthly payments. You repay it when you sell, refinance or pay off your home loan.

A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.

Who qualifies for Vermont Down Payment Assistance (ASSIST)?

• Your income must be within MOVE income limits.
• Only for first-time buyers (usually no home owned in the past three years).
• A homebuyer education course before you buy.
• It comes with a VHFA MOVE loan (not a VA loan).
• Price limit: mOVE purchase price limits apply (no figure stated).

The exact income limit for your county and household size is on the agency's income chart. Our HUD income limits lookup shows your area's median income.

How to apply for Vermont Down Payment Assistance (ASSIST)

1. Vermont Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Vermont Housing Finance Agency's page for Down Payment Assistance (ASSIST), or pick a lender from the agency's list of participating lenders.

Other first-time buyer programs in Vermont

• Vermont First Generation Homebuyer Program: up to $15,000, grant.
• Vermont Shared Equity Assistance: up to $5,000, grant.

All Vermont first-time home buyer programs · Down payment assistance in every state