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MortgageLenderNearMe
New Haven, VT

The Best Mortgage Lenders in New Haven, VT

Compare verified mortgage lenders serving New Haven, Vermont. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
297+
Reviews
12
Loan Types

Available Loan Programs in New Haven

Fixed-rate mortgages
Adjustable-rate mortgages
FHA loans
VA loans
USDA loans
Jumbo loans
Construction loans
Refinancing
Conventional loans
Construction-to-permanent loans
First-time homebuyer programs
Home equity loans

Featured Mortgage Lenders

1

Vermont Federal Credit Union

Vermont Federal Credit Union

★★★★☆
4.8/5

Vermont Federal Credit Union is consistently ranked as one of Vermont's top mortgage lenders with exceptional customer satisfaction ratings. As a member-owned financial cooperative, they offer highly competitive rates and personalized service. Their mortgage specialists have extensive knowledge of the Vermont housing market, including New Haven and Addison County. They provide comprehensive mortgage solutions with local underwriting and decision-making, ensuring a smooth home financing process. Their commitment to community banking and extensive loan programs make them a preferred choice for Vermont homebuyers.

Experience:22 years
Reviews:85 customer reviews
1 Kennedy Drive, South Burlington, VT 05403

Loan Types:

Fixed-rate mortgagesAdjustable-rate mortgagesFHA loansVA loansUSDA loansJumbo loansConstruction loansRefinancing
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2

Vermont Mortgage Company

Vermont Mortgage Company

★★★★☆
4.7/5

Vermont Mortgage Company has been serving homebuyers across Vermont, including New Haven, for nearly three decades. They are known for their exceptional customer service and deep understanding of Vermont's unique real estate market. As a local mortgage broker, they work with multiple lenders to secure the best rates and terms for their clients. Their team of experienced loan officers provides personalized guidance through the entire mortgage process, with particular expertise in rural properties and Vermont-specific housing challenges. Their high repeat client rate demonstrates their commitment to long-term customer relationships.

Experience:28 years
Reviews:92 customer reviews
128 Lakeside Avenue, Burlington, VT 05401

Loan Types:

Conventional loansFHA loansVA loansUSDA loansJumbo loansConstruction-to-permanent loansRefinancingFirst-time homebuyer programs
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3

People's United Bank (now part of M&T Bank)

M&T Bank

★★★★☆
4.5/5

With a strong regional presence throughout New England, M&T Bank (formerly People's United Bank) has been serving Vermont communities for decades. They maintain physical branches throughout the region and have dedicated mortgage specialists familiar with the New Haven area. Their comprehensive mortgage offerings include competitive conventional and government-backed loans, with the added benefit of local loan processing and decision-making. The bank's long-standing commitment to Vermont communities, combined with their extensive financial resources and digital mortgage tools, provides homebuyers with both personalized service and technological convenience.

Experience:30+ years
Reviews:120 customer reviews
100 Bank Street, Burlington, VT 05401

Loan Types:

Fixed-rate mortgagesAdjustable-rate mortgagesFHA loansVA loansJumbo loansHome equity loansRefinancingFirst-time homebuyer programs
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Frequently Asked Questions

Common questions about mortgage lending in New Haven, VT

Are there any special mortgage programs for first-time homebuyers in New Haven, VT?

Yes, Vermont Housing Finance Agency (VHFA) offers several programs, including MOVE and ASSIST, which provide competitive interest rates and down payment assistance. These programs are particularly valuable in New Haven, where entry-level home prices can be a barrier, and they often have income and purchase price limits that align with the local market.

How do property taxes in New Haven, VT, impact my mortgage payment and affordability?

Addison County, where New Haven is located, has a relatively high property tax rate, which will be factored into your monthly escrow payment. It's crucial to budget for this, as it can significantly increase your total monthly housing cost compared to just the principal and interest. Your lender will use the town's current mill rate to calculate this escrow amount accurately.

What is a typical down payment needed for a home in New Haven's market?

While 20% is standard to avoid private mortgage insurance (PMI), many buyers in New Haven successfully purchase with 3-5% down using conventional loans or 3.5% with an FHA loan, especially on more affordable properties. Given the mix of rural properties and higher-end homes, down payment requirements can vary, so consulting a local lender familiar with the area's property types is key.

Are USDA Rural Development loans available for homes in New Haven, VT?

Yes, most of New Haven is eligible for USDA loans, which offer 100% financing (no down payment). This is a significant advantage for qualifying buyers looking at the town's more rural properties. A local mortgage officer can confirm the specific property eligibility using the USDA's online map tool.

How does the appraisal process work for a unique or older home in New Haven?

It's vital to work with a lender who uses appraisers familiar with Vermont's older housing stock and rural properties. Appraisals for historic homes, farms, or properties with acreage in New Haven require specialized knowledge to accurately assess value based on comparable sales, which can be less frequent than in urban areas. This can affect the loan approval process and timeline.

Nearby Cities

Explore mortgage lenders in cities near New Haven, VT

Why Choose a Mortgage Lender in New Haven?

Local Market Knowledge

Lenders who understand New Haven'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 New Haven and get competitive rates on your home loan.