Any veterans who have served with the US Armed Services and live or wish to live in the state of Vermont can take advantage of the Vermont VA loan option, a specialized mortgage type that offers many unique benefits to veterans. Every VA loan is guaranteed by the Department of Veteran Affairs (VA).
Jump to: Eligibility | Loan Limits
If you’re wondering what a VA loan is, you’re not alone. Many veterans are unaware or confused about the benefits that the VA loan program offers to them. The program itself is very simple.
The VA backs loans provided by lenders to veterans, and this backing eliminates some of the risk associated with the loans being made. This allows lenders to give veterans more competitive options and benefits.
Some of the most common and valuable benefits offered through the VA loan program are listed here.
You must meet the following requirements as a veteran to be eligible for a VA loan.
You can utilize a Vermont VA Streamline refinance to obtain a lower mortgage rate and save money on your mortgage. The streamlined option makes this a very fast refinance to work through, and many of the associated fees are eliminated. With a lower monthly payment and a shorter loan term, you can save significant money on your interest costs.
Also available is the VA Cash-Out refinance, which allows borrowers to withdraw as much as 100% of their home equity as spendable cash. The Cash-Out is also an avenue for eligible non-VA loan borrowers to refinance into a VA mortgage.
Mortgage rates fluctuate on a daily basis. Make sure you do as much research as possible into VA mortgage rates in Vermont before you lock in your rate. One lender may offer one rate, while another lender offers a different rate. Compare mortgage rates offered by multiple lenders to determine the lowest rates available to you.
If you’re not sure where to start, we can get you going on your research by putting you in touch with up to four lenders in Vermont. Fill out the form at the top of this page to connect with VA mortgage lenders in your area. Make sure your loan can be filled by checking on the VA loan limits in Vermont. For further resources, contact the Department of Veteran Affairs.
There are no major military installations in Vermont, but there are many veterans who live in the state. If you’re one of them, you can find out more about a VA loan through the form above.
County | Loan Limit |
---|---|
ADDISON | $417,000 |
BENNINGTON | $417,000 |
CALEDONIA | $417,000 |
CHITTENDEN | $417,000 |
ESSEX | $417,000 |
FRANKLIN | $417,000 |
GRAND ISLE | $417,000 |
LAMOILLE | $417,000 |
ORANGE | $417,000 |
ORLEANS | $417,000 |
RUTLAND | $417,000 |
WASHINGTON | $417,000 |
WINDHAM | $417,000 |
WINDSOR | $417,000 |
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