Mortgage Solutions in the State of Vermont
Vermont, the 14th state to join the Union, is one of the four American states to be an independent country before becoming part of the U.S. Known for it's beautiful landscapes, snowy winters and warm summers, Vermont is an incredibly popular place to buy a home. So, if you're considering buying a home in the Green Mountain State, listen up-- because our region-focused team of home lending specialists is excited to help. Our team is dedicated to ensuring that you have the most accurate and up-to-date information, so you can make an educated choice about purchasing a home in Vermont. Right now, the median home listing price in Vermont stands at $255,000, just a little bit less than the U.S. median listing price $261,500.
One of the more pricey areas to buy a home in Vermont is Norwich, with a median home value of $442,935. Another somewhat expensive city is Stowe, home to the famous Stowe Mountain Lodge, where the median home value is $406,357. In Burlington, the state's largest city, the median home listing price sits at $325,000, while in the state capital, Montpelier, the median home listing price is a relatively affordable $237,812.
Home.loans is focused on giving you the tools to empower you through the entire home purchasing process. No matter whether you're a first time home buyer, someone looking for a jumbo or a conventional loan, or someone looking to utilize a short sale to get a great deal on a home, we're ready and waiting to help you gain greater financial freedom while purchasing the home of your dreams.
Best Vermont Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Vermont Mortgage Refinance Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage refinance transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable home financing!
Best Vermont FHA Mortgage Lender: Quicken Loans
Finding a mortgage online may have seemed sketchy at best a decade ago, but the amazing team over at Quicken loans has truly set the standard for the online mortgage experience. Quicken Loans (and it’s online division Rocket Mortgage) have made FHA financing as simple and straightforward as possible.
The online FHA loan process is highly geared towards a streamlined user experience. Progress on the status of an FHA loan application can be easily tracked online, and preapproval for an FHA loan can be completed in a matter of minutes.
The service even keeps applicants posted with any documentation they may have forgotten or still need to provide. The real icing on the cake comes from the support staff that can be reached by phone or through the website that is standing by to offer their advisory services and answer any questions a potential borrower may have.
Best Vermont VA Mortgage Lender: Residential Mortgage, LLC
A subsidiary of Northrim Bank, Residential Mortgage, LLC was founded in 1998 with only 30 employees. Today, they have over 125 employees spread out between a dozen offices that service multiple states, such as Vermont. They have serviced over 60,000 loans in their home state of Alaska alone, and are Alaska’s number one lender for VA home loans.
Needless to say, they also have an impressive amount of experience other types of home financing as well. Home buyers have nothing but the best to say about the incredible customer service that is provided from the expert loan officers at Residential Mortgage. They seek to provide absolutely unmatched personal attention and guidance to all of their borrowers.
Best Vermont Home Equity Lender: TD Bank
As one of America’s 10 largest banks, TD Bank has been in business for around 150 years. High quality service and expert loan officers may have something to do with their position, but for the most part, it comes from the impressively high degree of customer satisfaction they are able to leave their borrowers with after each transaction comes to a close.
TD Bank has a long history in banking, and a pretty outstanding reputation in home finance. Home Equity loans are only a portion of the products offered by TD Bank, yet they still are among the most popular loan products offered.
TD Bank originates both home equity loans and home equity lines of credit, with fairly competitive rates. They are known to offer home equity options with LTVs up to 90%, depending on where the borrower resides.
Working with the loan officers at TD Bank is always straightforward and stress-free. They even allow applications to be completed and filled out online.
Shop Around Before You Get a Vermont Home Loan
Our picks for the best mortgage lenders in Vermont may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!