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VermontFirst-Time Homeowner programs

First-Time Homeowner grants in Vermont

Browse first-time homeowner grants available in Vermont, including statewide and local programs.

5 active programs in Vermont

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Latest opportunities (5)

VHFA’s homebuyer programs pair low, fixed-rate MOVE, MOVE MCC, and ADVANTAGE mortgages with ASSIST down payment assistance, giving Vermont buyers up to $10,000 in 0%-interest, deferred funds to cover down payment and closing costs.

Eligible for: First-time and repeat Vermont homebuyers using VHFA MOVE, MOVE MCC, or ADVANTAGE loans who meet VHFA income and purchase price limits, have …

Funding: Up to $10,000 in 0% interest deferred loan for down payment and closing costs (VHFA ASSIST), repayable at sale, refinance or payoff.Deadline: While funds last; first-come, first-servedStatewideIndividualDown payment assistanceClosing cost assistance

Vermont Federal’s Seed Money program gives eligible first-time buyers up to $7,500 (3% of the purchase price) to cover down payment and closing costs on a conventional credit-union mortgage, specifically targeting borrowers who are over-income or otherwise ineligible for VHFA or other DPA programs.

Eligible for: First-time homebuyers with household income at or below $125,000 purchasing a single-family home or approved condominium, who are obtaining …

Funding: Up to $7,500 (or 3% of purchase price) toward down payment and closing costs for first-time homebuyers using a conventional mortgage via VFCU.Deadline: Ongoing; subject to internal program availabilityRollingStatewideIndividualDown payment assistanceClosing cost assistance

VHFA’s First Generation Homebuyer Program provides a $15,000 grant for first-generation Vermonters buying their first home, which can be layered with ASSIST and other DPA to significantly reduce upfront cash needed for down payment and closing.

Eligible for: All borrowers and any non-borrowing spouses must be true first-time homebuyers with less than $30,000 in combined liquid assets; at least on…

Funding: Up to $15,000 in down payment and closing cost assistance for first-generation homebuyers in Vermont.Deadline: While funds last; first-come, first-servedUntil funds exhaustedStatewideIndividualDown payment assistanceClosing cost assistance

CHT’s Homeownership Equity Program is a racial-equity-focused down payment assistance initiative that offers up to $25,000 in forgivable, 0%-interest loans to first-time BIPOC buyers purchasing permanently affordable shared-equity homes in Vermont.

Eligible for: First-time homebuyers purchasing a Champlain Housing Trust shared-equity home, with household income at or below 120% of area median income,…

Funding: Provides up to $25,000 in down payment and closing cost assistance as a forgivable loan to homebuyers impacted by historical racial discrimination in homeownership.Deadline: Ongoing; subject to funding and program availabilityRollingCityIndividualDown payment assistanceClosing cost assistanceEquity program

NeighborWorks of Western Vermont’s Down Payment Assistance Loan provides up to $50,000 as a second mortgage to help Vermonters cover down payment and closing costs, pair with a partner lender’s first mortgage, and often achieve 100% financing with no PMI.

Eligible for: Qualified homebuyers purchasing in Vermont who work with one of NeighborWorks of Western Vermont’s partner lenders, meet the organization’s …

Funding: 0% interest, deferred-payment loan of $5,000–$10,000 toward down payment and closing costs for first-time buyers in northwest Vermont.Deadline: Ongoing; subject to lender approval and funding availabilityUntil funds exhaustedMulti-county/RegionIndividualDown payment assistanceClosing cost assistance