Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

Blue Water Mortgage is rated one of the best mortgage companies in Vermont. Our experienced team is here to help you every step of the way. On this page, you’ll find common considerations for homebuyers in Vermont.

Vermont Mortgage Programs

What to know before buying a home in Vermont

Although buying a home is an exciting step, it can be challenging to navigate the housing market and align your finances. The purchasing and offer process varies from state to state, which is why it’s important to work with a mortgage lender that has experience across multiple states. Here are some of the differences to be aware of when shopping for a home in Vermont.

Property Types Vary Greatly

Vermont, also known as the Green Mountain State, has something for everyone — including lakes, mountains, and forests — which makes it a popular spot for both residential and commercial properties. Vermont is equally known for its summer and winter activities.

Know Vermont Taxes 

Vermont has a property tax rate of 1.82% to 1.86% (depending on the city or town), which is higher than the average U.S. property tax of 1.1%. In Vermont, the homebuyer pays the closing cost of .05% for the first $100,000 and then 1.45% on the remaining value.

Additional Coverage Add-ons

Because of the weather and climate, Vermont homebuyers should consider water damage and flood insurance, and coverage for hail, wind storms, and snow and ice.


Interested in talking through the home buying process in greater detail? Let’s chat.

Hampton, NH, Bedford, NH, Meredith, NH, Amesbury, MA, and York, ME.

Privacy Policy

Why Getting a Mortgage in Vermont Makes Sense

Whether you’re considering a home in Burlington, Stowe, Montpelier, Woodstock, Brattleboro, Manchester or one of the other beautiful locations Vermont has to offer, finding the best mortgage rates should be at the top of mind.

From outdoor activities to historic landmarks, Vermont has a variety of attractions for everyone. Vermont is the outdoor lover’s paradise with more than 50 state parks, 667 mountains, 19 ski areas, 1,000 hiking trails and more. Vermont also boasts an extensive and intriguing past, dating back to 1791. There are also numerous historical sites and museums to visit, such as the Von Trapp Family House, Calvin Coolidge Historic Site and the Robert Frost Home.

If you’re a food lover, enjoy Vermont’s incredible farm-to-table restaurants, renowned maple syrup, fine cheeses and extensive craft beer selection. There are a few agricultural loan programs available to Vermont homebuyers, such as the Vermont Agricultural Credit Corporation Loan Program (VACC).

Vermont Products and Programs

No matter which program you choose to explore, Blue Water Mortgage is proud to provide timely communication, expert advice and the personal touch of a local, owner-operated brokerage. With over 150 years of collective credit-based mortgage experience, we have the knowledge to find the best Vermont mortgage for you — your dream home is within reach. Let’s get started.

Vermont Housing Finance Agency (VHFA) – The VHFA is a non-profit dedicated to providing affordable housing options to eligible applicants.

Current Use – “Current Use” is a property tax legislation that allows eligible land (like farms or forests) to be taxed at their appraised value rather than fair market value.

Common Loans

Fixed-Rate – Fixed-rate mortgage loans have predictable payments because they maintain a fixed interest rate for the entire life of the loan, unlike adjustable interest loans.

Refinancing – When homeowners take out a new home loan to replace their existing one (to help reduce monthly payments and gain long-term savings), the new loan pays off the initial loan.

First Time Home Buyers – We’re happy to help guide you through a transparent and predictable mortgage process.

Conventional Mortgage Loans in NH – Conventional loans are the most common, private-sector loans that are not government-backed but follow guidelines set by Fannie Mae and Freddie Mac.

Non-Conventional – These loans cater to borrowers who may have been declined for a conventional loan due to self-employment, bankruptcy or unsteady employment history.

Adjustable Rate – This mortgage has an adjustable interest rate, which might allow a buyer to start with a lower monthly payment.

Low Down Payment & Government Loans

Low Down Payment — These government-backed loans only require a 3.5% down payment, even for borrowers with less-than-perfect credit.

FHA — These loans are more forgiving for people with lower credit scores — and are designed to help borrowers who might not qualify for conventional loans.

FHA 203K — This government loan is flexible for fixing up homes with deferred maintenance.

VA — Veterans mortgages are similar to a conventional loan, but with specific benefits for veterans such as no down payment, no cash reserves and no application fee.

USDA — These rural home loans have low rates, no down payment and are designed for borrowers who purchase homes in communities of fewer than 20,000 people.

Additional Loans

Jumbo — A Jumbo Loan is a mortgage exceeding the conforming lending limit of Fannie Mae or Freddie Mac, which in most areas is $647,200.

Non-Owner Occupied — If you are purchasing a property that will not be your primary residence with between one and four units, you may face more red tape since it has a higher risk of default.

HELOC — A HELOC (home equity line of credit), often thought of as a second mortgage, allows the dispersal of the loaned funds at any time the borrower chooses, instead of all at once like a traditional mortgage.

Home Improvement — Whether you’re looking to renovate, remodel or increase the value of your home, this program can help get the job done.

Police & Firefighters — Serving as a first responder in the community can help secure optimal terms on a home mortgage loan.

Why Blue Water Mortgage?
No Surprises
No Surprises
With over 150 years of collective experience, our mortgage brokers have seen it all. This level of expertise enables us to anticipate and quickly resolve any issues that might arise and close on time, every time.
Personalized Services
Personalized Services
Buying a home is one of the biggest purchases you’ll make in your entire life. That’s why our brokers are available via phone 24/7 to address any concerns or answer any questions you might have about the mortgage process.
Competitive Rates
Competitive Rates
Blue Water is locally owned, so we aren’t beholden to banks. That means we’re able to offer a more diverse portfolio of mortgage products tailored to your specific needs, as well as more competitive rates and lower closing costs.
Rated five stars by our amazing customers

Roger worked with me on an extremely complicated deal, and his knowledge, persistence and excellence helped to pull everythin…

Adam Merrill

My experience with Blue Water Mortgage was wonderful. As a first time home buyer, I had many questions and concerns. Laura pa…

Ali Quinton

Laura was great to work with! She took the time to answer all my questions, kept me updated on the process, and helped to mak…

Amanda Hardman

We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refi…

Angie Hoxie

We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely r…

Ashley Acksel

My wife and I just completed a closing with Blue Water and our experience was phenomenal. We had a very quick turnaround from…

Dan McKallagat

Hiccups are always to be expected with an FHA and a first time home buyer. I would recommend the organization and effort with…

Daniel Vermeersch

Blue Water Mortgage was recommended to us by our realtor and we are so glad she did! This is our third time buying a home and…

Diane Oxton

My husband and I recently went through Blue Water Mortgage as first time home buyers with the assistance of Derek and Jay, wh…

Erin Patnode

I have worked with at least a dozen loan officers at different mortgage companies over the past several decades and Lee is by…

Jeff Burbine

We were referred to BlueWater Mortgage through our bank, The Provident and it was a great experience. From the start our cont…

Jeremy Kirkpatrick

FAQ's ebook CTA