The Best Mortgage Lenders in Cambridge, VT
Compare verified mortgage lenders serving Cambridge, Vermont. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cambridge
Featured Mortgage Lenders
Vermont Federal Credit Union
Vermont Federal Credit Union
Vermont Federal Credit Union is one of the most trusted mortgage lenders in the state with an exceptional reputation for customer service. While headquartered in South Burlington, they serve the entire state of Vermont including Cambridge. They offer highly competitive rates and personalized service through local mortgage specialists who understand Vermont's unique housing market. Their extensive experience with rural properties and USDA loans makes them particularly well-suited for Cambridge area homebuyers.
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New England Federal Credit Union
New England Federal Credit Union
NEFCU has built a strong reputation as a community-focused lender serving all of Vermont, including Cambridge and Lamoille County. They are particularly noted for their first-time homebuyer programs and competitive construction loan options. Their mortgage advisors provide personalized guidance throughout the entire process, and they consistently receive high marks for their responsive customer service and local decision-making capabilities.
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Union Bank
Union Bank
Union Bank has deep roots in northern Vermont with a physical branch presence in nearby Morrisville, making them highly accessible to Cambridge residents. As a community bank, they offer the advantage of local underwriting and decision-making while providing competitive mortgage products. They have particular expertise with rural properties, land purchases, and construction loans that are common in the Cambridge area. Their long history in the region demonstrates their commitment to Vermont communities.
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Frequently Asked Questions
Common questions about mortgage lending in Cambridge, VT
Are there any special mortgage programs for first-time homebuyers in Cambridge, VT?
Yes, Vermont Housing Finance Agency (VHFA) offers several programs, including the MOVE Mortgage and the ASSIST down payment assistance grant, which are available to eligible buyers in Cambridge. These programs often feature competitive interest rates and can be combined with VHFA's forgivable down payment loan, making homeownership more accessible in Washington County's market.
How does the seasonal economy in a ski town like Cambridge impact mortgage qualification?
Lenders in the Cambridge/Smugglers' Notch area are familiar with seasonal income patterns common for ski industry, tourism, or construction workers. To qualify, you'll typically need to provide a two-year history of seasonal work and demonstrate that your off-season income (like unemployment) is stable and predictable. Strong savings reserves can also be crucial for approval.
What are typical property taxes for a home in Cambridge, and how do they affect my mortgage?
Cambridge has a municipal tax rate, which is part of the larger Lamoille County system. Current rates are approximately $1.70 per $100 of assessed value, but you should verify the exact rate for your specific property. These taxes will be included in your monthly escrow payment, significantly impacting your total monthly mortgage obligation, so accurate estimates are essential for budgeting.
Are USDA Rural Development loans available for homes in Cambridge, VT?
Absolutely. Nearly all of Cambridge, VT qualifies for the USDA Single Family Housing Guaranteed Loan Program, which offers 100% financing (no down payment). This is a major advantage for buyers looking at the more rural parts of town, as it makes purchasing a home more achievable without a large upfront cash requirement.
How does the competitive market around Smugglers' Notch influence the mortgage process?
The desirable location can lead to competitive bidding. To make a strong offer, you'll want a solid mortgage pre-approval from a Vermont-based lender who understands local appraisals. Consider waiving certain financing contingencies only with extreme caution, and be prepared for potential appraisal gaps due to rapidly rising property values in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Cambridge?
Local Market Knowledge
Lenders who understand Cambridge's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Vermont.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Cambridge and get competitive rates on your home loan.