Vermont homebuyers can access up to $15,000 in down payment assistance through the Vermont Housing Finance Agency (VHFA). On the state's $398,500 median home price, that covers roughly 19% of a standard 20% down payment.
Primary Program: ASSIST Second Mortgage
maximum assistance
0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
- Administering Agency
- Vermont Housing Finance Agency (VHFA)
- Purchase Price Cap
- $481,176
How Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
Vermont median pre-loaded
Your Savings Plan
Timeline
13.3 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in Vermont?
Vermont's primary DPA program is the ASSIST Second Mortgage, administered by the Vermont Housing Finance Agency (VHFA). It provides up to $15,000 as a deferred loan. 0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
How much down payment do I need in Vermont after using DPA?
On a $398,500 home (Vermont median), a 20% down payment is $79,700. With the ASSIST Second Mortgage covering $15,000, your remaining gap would be $64,700. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay Vermont down payment assistance?
0% interest, no monthly payments. Repaid when you sell, refinance, or pay off the first mortgage.
Can I combine Vermont DPA with other assistance programs?
Yes — Vermont's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for Vermont down payment assistance?
The ASSIST Second Mortgage uses a dollar-based income limit rather than a percentage of AMI. Check the Vermont Housing Finance Agency (VHFA) website for current limits in your area.
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