Mortgage rates for Vermont on Lender411 for 30-year fixed-rate mortgages are at 4.60%.
That dropped from 4.60% to 4.60%.
The 15-year fixed rates are now at 3.79%. The 5/1 ARM mortgage for Vermont is now at 4.21%.
30 Year Fixed
15 Year Fixed
Wednesday, October 01, 2014
Below you can find 30-year fixed rates for Mortgage Refinance for Vermont for the loan amount of $200,000.
Displaying rates for Mortgage Refinance in VT for $200,000
If you are looking for information on Vermont mortgage or refinance rates, you’ve come to the right place. Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Vermont. Talk to multiple mortgage lenders in VT to compare rate quotes and understand your options.
Why is it critical to find the lowest rate when refinancing? Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan.
Home Loans in Vermont
The loan types available in Vermont are much like those available elsewhere. One of the most widely available mortgage loan types is the 30 year fixed rate mortgage. As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.
The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest only loan, balloon mortgage, or other specialized loan type. Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.
Vermont is a lovely state in the New England section of the U.S. with a population of about six hundred thousand residents. Vermont was first settled by Native Americans and later belonged to the British before becoming the fourteenth state of the United States.
Vermont is in full possession of the beautiful scenery that the New England states are known for. The fall colors are amazing. Vermont is bordered by New York, Massachusetts and the Canadian province of Quebec. Vermont is the main producer of maple syrup in the U.S. and has a huge stake in the agricultural sector. There are numerous dairy farms in the area.
Insurance, manufacturing and tourism also contribute heavily to Vermont's economy. If you are looking to live in a place with small town charm, plenty of recreation opportunities, and beautiful scenery, you should become a homeowner in Vermont.
To learn more about homeownership in Vermont or research VT home buying programs, visit the Vermont HUD portal.
Click on any of the links below to continue reading information on mortgage in Vermont.