VT FHA Home Loans
Vermont FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Vermont borrowers the opportunity to secure VT home loans, when they don’t quality for other conventional loans. For example, future Vermont homeowners with little credit history or poor credit history are sometimes able to qualify for Vermont FHA loans. VT FHA loans are ideal for first-time Vermont homeowners due to low down-payment requirements and flexible qualifying guidelines. However, FHA also offers a refinancing option for Vermont homeowners where it’s possible to refinance up to 97.5 percent of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85 percent.
FHA Loan Requirements – Vermont
- No income limit
- Vermont borrower credit score flexibility
- 3.5 percent down payment on Vermont Purchase Loans
- Bankruptcy: VT FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: Vermont FHA loans can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Vermont (VT) FHA Loan Limits
FHA loan limits in Vermont vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Vermont), etc. Please contact Home Point Financial’s Vermont FHA loan experts for details on loan limits for FHA loans in Vermont (VT). Contact Home Point Financial to learn more about FHA Loans in Burlington, Rutland, Barre and throughout Vermont.
