Last Updated: 04/18/2025
Vermont FCU Mortgages & Home Loans
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Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
Up to $726,200
Loan Term (Years)
Up to 30
Vermont FCU Mortgages & Home Loans Review
Vermont FCU Mortgages & Home Loans is offered by Vermont Federal Credit Union , a credit union founded in 1953 and based in South Burlington, VT. vermont home loans are available in 50 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Vermont FCU Mortgages & Home Loans offers FHA, VA, jumbo, conforming, and conventional mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Vermont FCU Mortgages & Home Loans only offers adjustable-rate mortgages.
- No primary residences considered. Vermont FCU Mortgages & Home Loans does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Vermont FCU Mortgages & Home Loans Pros & Cons
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vermont home loans FAQ
How much can you borrow via Vermont Federal Credit Union?
vermont home loans allows borrowers to apply for loan amounts of up to $726,200. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with vermont home loans?
vermont home loans offers mortgages with a maximum term of 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Vermont Federal Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, vermont home loans may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, vermont home loans offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What is the customer service phone number?
The customer service number for Vermont FCU Mortgages & Home Loans is (802) 658-0225.
What is the support contact email?
The support contact email for is memberservices@vermontfederal.org.
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Hours of Operation
Sunday
Closed
Monday
8:30AM - 5:00PM
Tuesday
8:30AM - 5:00PM
Wednesday
8:30AM - 5:00PM
Thursday
8:30AM - 5:00PM
Friday
8:30AM - 5:00PM
Saturday
Closed