If you are looking for a home in the picturesque state of Vermont, you probably already understand the beauty the area has to offer. With its stunning landscape, rolling hills, country roads, and postcard villages, Vermont is like a dream destination, offering you the perfect place to settle down, raise a family, or retire.
The good news is that with the help of Consumer Real Estate Finance Co., realizing your dream of homeownership just got a little easier. By bringing awareness of the USDA Rural Development Loan program to this great state, the citizens of Vermont can benefit from:
No Maximum Loan Amount on Vermont Property
Flexible Credit Guidelines for Qualifying Vermont Residents
Low Fixed Interest Rates
Both New and Existing Properties May Qualify
Vermont Areas that Qualify for Rural Development Loans
Keep in mind that the USDA loan program was created to help build the nation’s rural areas. Because of this, homes located within major cities are not USDA Loan Eligible.
The good news is that a surprisingly large number of Vermont homes do qualify, some of which lie just outside of major metropolitan areas. To be eligible, the Vermont property must be located outside of city limits and within an area of less than 20,000 residents. For more information on Vermont USDA Loan eligibility requirements, please fill out the application on this page, or call one of our certified USDA Loans Agent at 1-866-854-4242.
Credit History: The USDA Loan program does not have a strict credit score guideline. Rather, it evaluates your credit history in an effort to ascertain your willingness to meet repayment obligations.
Income Limits: If the home is in an eligible area, you must not exceed the current yearly USDA income limit set for your county. View the chart below for a list of Vermont USDA Loan Income Limits by county.
Vermont USDA Loan Adjusted Maximum Income Limits by County