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Vermont First Time Home Buyer Grants

Are you considering the purchase of a home in Vermont? Purchasing a home in any state is an exciting prospect!

Exciting and sometimes daunting! However, don't let yourself become overwhelmed with the process. It is my plan to give you some useful information in this article about first time home buyer grants which will help in this exciting adventure.

Before we get to the topic of first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to Vermont, I don't want you to look too much like a tourist!) These facts were obtained from the State of Vermont's official website.

Vermont's state fruit and pie are the apple and apple pie, respectively. According to the above-referenced website, "When serving apple pie in Vermont, a 'good faith' effort shall be made to meet one or more of the following conditions: (a) with a glass of cold milk, (b) with a slice of cheddar cheese weighing a minimum of ½ ounce, (c) with a large scoop of vanilla ice cream."

The state horse of Vermont is the Morgan and the state bird is the Hermit Thrush.

Vermont's state flower is the Red Clover and the state tree is the Sugar Maple.

"Talc, the state mineral, is metamorphic in origin, formed in thin slivers of ocean crust left here after the continents collided. Generally found in southwestern Vermont, it is green in color and very soft. In 1990, Vermont ranked second only to California among the states which produce talc. Ground talc is used in plastics, paper, rubber and paint."

The state gem is Grossular Garnet and is "technically a mineral-a silicate, which is colored brown due to the presence of iron. Grossular garnet from the Belvidere Mine at Eden Mills is thought to be the finest specimen of its kind anywhere."

Sounds like a good place to settle down!

If Vermont is your choice, read on for information related to the Vermont first time home buyer grants program.

To begin with, the State of Vermont does offer a Vermont first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers. The state agency which maintains Vermont first time home buyer grants is the Vermont Housing Finance Agency. Vermont offers one type of grant. This grant is called "MOVE-Cash Assistance Rate". This grant can provide first time home buyers with cash assistance of three percent (3%) to assist with a down payment or closing costs. After four (4) years, this cash assistance becomes a grant. Meaning that after four (4) years, the Cash Assistance mortgage loan does not have to be repaid. You should visit this website to determine your eligibility.

In addition, the federal government offers grant assistance for first time home buyers in Vermont. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a grant you may qualify for down payment assistance. They are sometimes easier to obtain.

Lastly, if you would like to leave Vermont First Time Home Buyer Grants and return to our First Time Home Buyer Grants main page, click here.

Or return to First Time Home Buyers home page.

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Vermont First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

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Happy House Hunting!!