Vermont Mortgage Rates

May 26, 2016 06:22 PM Eastern

Refinance rates now in BURLINGTON, VT [Change this]

Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
Monthly Payment
Capital One
30 Year Fixed
Interest Rate
Monthly Payment
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Capital One
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Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $899
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $899
Lender Fees $3,475
Lender Credit $0
Total Closing Fees* $3,475
*Other 3rd party fees may apply
Capital One
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About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings - we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process - one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too - you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.
Capital One
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Lender Reviews

Eugena Carpio review

Yes, I recommend this lender

They were bery good as aloan company keep lower rates and I was very satisfied

By: EugeneCarpio (Las Vegas, NV)


Yes, I recommend this lender

Experienced and knowledgeable staff.

By: Cathleen (Santa Fe, NM)

Frustrating Loan Hub Experience

I tried using this lender in late 2015. It was a terrible experience. We struggled through this from August to October. I was told that the paperwork process would be easy as Capital One Home Loans uses online technology (Loan Hub) to communicate with the customer. I was told I could upload all of our required documents via a secure site. We tried on three different occasions to upload our documents, but only some of them appeared on the website. We were told that some documents were missing, even after we received confirmation that the documents were received. The online process was not being updated by the company, so we did not know at times where we were in the refi process. The initial customer rep took my preliminary info and then I was sent to another rep who rarely answered my emails or answered with no suggestions to help us. When I told him that the site would not let us upload documents or failed to show that our documents were uploaded, he told me to contact customer service. When I called the number he provided, the customer rep did not know what I was talking about and said he was not familiar with the new Capital One Home Loans website. I truly never had a more frustrating experience and I do not like to write negative reviews, but I must state my frustration with this company. We were made to feel as though once they had our business (we were submitting all required documents) that we were nothing to them. Because this company seemed to lack customer service and someone who could take the time to explain why the electronic document process was so tedious, I had to withdrawal my request for a refi.

By: Dave (Philadelphia, PA)
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Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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Programs using Current Vermont Mortgage Rates
Vermont residents live in one of the most beautiful states in New England. Vermont's world-famous fall colors, its 4,000-foot Green Mountain peaks, and the renowned Ben and Jerry's ice cream factory garner smiles from visitors of all ages.

If you want to own a home in Vermont, several different mortgage programs can help you take advantage of the current VT mortgage rates. From the Housing Loan Fund in specific counties to the VHFA loan, many programs are available to you if you want to own a home.

VT Mortgage Rates and the Housing Loan Fund
The Housing Loan Fund is part of the Champlain Housing Trust, serving Franklin, Grand Isle and Chittenden counties. This program is not for new homebuyers, but rather for residents who need to rehabilitate their homes. The Housing Loan Fund is aimed specifically at families who want to undertake structural or mechanical repairs in their homes.

Participants in the program are required to meet specific income requirements to borrow funds. Potential participants can find information on current maximum loan amounts based on household size and income online.

In addition to the funds for repairs, the Champlain Housing Trust provides construction management services and a list of contractors who have been approved by the Trust.

The Section 8 Home Ownership Program and VT Mortgage Interest Rates
The Vermont State Housing Authority (VSHA) has a program aimed to assist Section 8 renters in becoming homeowners. The program converts Section 8 Rental Vouchers into Home Ownership Vouchers, and helps qualified applicants with loan payments.

In order to participate in the program, you must meet the following requirements:

• All adults living in your home must meet the maximum and minimum income requirements.
• At least one adult must be employed full-time.
• Applicants must already be participating in the Section 8 Rental Voucher program.

Low Interest Vermont Mortgage Interest Rates Through the VFHA Loan Program
The Vermont Housing Finance Agency does not lend money directly to applicants. By connecting with an approved participating lender, you can take advantage of low VT mortgage interest rates through the VHFA Loan Program.

Eligible VHFA borrowers can benefit from the low interest rates associated with this loan. Those who are first time homebuyers through the VFHA program may be eligible for an additional tax credit from the federal government.

The VHFA program is available to anyone who meets the income requirements, does not exceed home purchase price limits, and does not purchase a property larger than 15 acres. Most counties allow all homebuyers; the following counties, however, admit only first-time buyers in this program:

• Addison
• Bennington
• Chittenden
• Grand Isle
• Windsor