Vermont Home in Fall - Hero

Conventional Mortgages

Your dream home doesn't have to be a dream.

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We make financing simple and convenient

With our personal service, flexible options, and shared commitment to the community, our number one goal is to empower you to get into the home you want, with an affordable monthly payment.

Benefits

  • Vermont

    Local servicing

    Because we service mortgages locally, you’ll never have to wait endlessly on the phone for an agent who doesn’t know your name. At VSECU, you’ll enjoy personalized support from someone who knows you and understands your needs.

  • Arrows

    Flexible terms

    Choose between fixed rate and adjustable rate mortgages and select a term that works for your budget. Our knowledgeable mortgage originators will work with you to make sure you have the best mortgage option for your needs.

  • Computer

    Online application

    You can apply online or even on your mobile device using our convenient, streamlined application process. Plus, you can easily upload and access documents, and keep track of your loan status, in one place in our easy-to-use Loan Status portal.

  • Bag With Dollar Sign

    Multiple options

    Conventional mortgages are available for homes in Vermont & New Hampshire, including primary, seasonal, secondary, mobile home, construction, multi-unit & more.

Compare options

Mortgages come in two basic varieties—fixed and adjustable rate. They both work well in certain situations. Determining which is right for you will depend on your financial needs.

  • Best for members who:

    Best for members who:

  • Down payment

    Down payment

  • Terms*

    Terms*

  • PMI available?

    PMI available?

Apply online
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Fixed Rate Mortgage

  • Best for members who:

    Want their monthly payments and interest rate to remain the same throughout the life of the loan. If you're planning on staying in your home for longer than a few years, this might be a good option for you.

  • Down payment

    You can put as little as 3-5% down.

  • Terms*

    Choose between 10, 15, 20, or 30 years.

  • PMI available?

    Private mortgage insurance is available for anything over 80% LTV.

Apply online
Get started

Adjustable Rate Mortgage

  • Best for members who:

    Are looking for lower initial monthly payments. If you need to free up money to pay for other immediate expenses for your property and/or plan on being in your home for only a few years, this might be a good option for you.

  • Down payment

    You can put as little as 3-5% down.

  • Terms*

    Fixed rate periods of 1, 3, 5, or 7 years, after which your interest rate can change annually.

  • PMI available?

    Private mortgage insurance is available on the 5- and 7-year ARMs.

Apply online
Get started
Apply online
Get started

Estimate your monthly payment

Enter the amount you wish to borrow to purchase or refinance your home, then calculate your estimated monthly payment.

Calculated payments shown are for estimation purposes only. Actual loan payment amount and interest rate will be disclosed at loan closing and may differ slightly.

Need help with your downpayment?

Housing Our Workforce (HOW), a program offered by the Federal Home Loan Bank of Boston, provides eligible members with a two-to-one matching grant, up to $20,000, to help cover the down payment on their home.

Qualifying homebuyers are:

  • VSECU members in good standing
  • Buying a home in Vermont or New Hampshire
  • Earning between 80% and 120% of the area median income
  • Committed to keeping the loan for five years
  • Able to pay a minimum of $500 toward the downpayment
  • Willing to attend a homebuyer education program

HOW grants are available for down payments only and can only be used to match payments made from your personal funds. You do not need to be a first-time homebuyer.

Ask about this program when you apply for a mortgage.

The homebuying process

  • Number 1

    Find out how much you can afford

    Use our handy home mortgage calculator to get a rough estimate of the price range you should be looking in.

  • Number 2

    Get prequalified

    When you apply to get prequalified, we’ll ask about your finances and conduct a credit check to offer a more specific estimate of what you can borrow.

  • Number 3

    Apply for a mortgage

    You can apply online or even on your mobile device using our convenient, streamlined application process.

  • Number 4

    Track your status

    Easily upload and access documents, and keep track of your loan status, in one place in our easy-to-use Loan Status portal.

Our Mortgage Origination Team is eager to help

We look forward to answering your questions and helping you find flexible and affordable home financing options.

Meet our team

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Apply for a Conventional Mortgage

Apply online
Get started

Disclosures

– Payment examples do not include amounts for taxes and insurance premiums and actual payment obligation may be greater than illustrated. APR = annual percentage rate.
– APR = annual percentage rate. Fixed rate mortgage payment example: A fixed rate loan of $180,000 for 30 years at a 3.750% interest and an APR of 3.800% is a $834.00 monthly payment. Adjustable rate mortgage payment example: The adjustable rate mortgage is a variable rate loan; interest rates and payments may increase after the original fixed-rate period. Your interest rates and payments may increase after the original fixed-rate period. A loan for $180,000 at a 2.500% initial interest rate and APR of 3.454%, subject to increase, will have the following monthly payment: 12 payments of $711.22 at an interest rate of 2.50%, 347 payments of $711.22 at an interest rate of 3.50% and 1 payment of $805.67 at an interest rate of 3.50% based on the current index plus a margin.