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Conventional loans in Vermont

Quick answer

Conventional loans in Vermont allow as little as 3% down (about $8,715 on a $290,500 home) with a 620+ credit score, up to the $832,750 baseline conforming limit.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

Conventional loan snapshot for Vermont

ItemEstimate
Minimum down payment3%
Minimum credit score620
Typical VT home value$290,500
3.5% down on typical home$10,168
20% down on typical home$58,100
Avg. effective property tax1.71%/yr (~$413/mo)
Income for typical home (31% rule)$99,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Vermont programs pair with Conventional loans?

  • MOVE: A first mortgage for first-time buyers within limits.
  • ASSIST: A 0% deferred down payment and closing cost loan.

Details and current limits: Vermont Housing Finance Agency (VHFA).

How does a conventional loan work?

Conventional loans are made by private lenders and usually sold to Fannie Mae or Freddie Mac. Because they follow those agencies' guidelines, they're called conforming loans. You can choose a fixed rate (15, 20 or 30 years) or an adjustable rate.

Your rate and mortgage insurance cost depend heavily on your credit score and down payment, so improving either before you apply can noticeably lower your payment.

Who qualifies for a conventional loan?

  • Credit score: generally 620 minimum.
  • Debt-to-income (DTI): up to 45%, and sometimes 50% with strong compensating factors.
  • Down payment: 3% (HomeReady, Home Possible, 97% LTV programs) to 5%+.
  • Steady, documented income — usually two years of history.
  • Property: primary homes, second homes and investment properties are all allowed (with higher down payments for non-primary homes).

Conventional loans in Vermont cities

Conventional in BurlingtonConventional in South BurlingtonConventional in RutlandConventional in Essex Junction

Frequently asked questions

Yes. Conventional loans are available statewide in Vermont through approved lenders, subject to county loan limits where they apply.

Often yes. Vermont Housing Finance Agency (VHFA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve Vermont.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.