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Putney, VT

The Best Mortgage Lenders in Putney, VT

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

3
Top Lenders
4.7
Avg Rating
780+
Reviews
11
Loan Types

Available Loan Programs in Putney

Conventional
FHA
VA
USDA
Jumbo
Fixed-rate
Adjustable-rate
Construction
Refinance
First-time homebuyer programs
Construction-to-permanent

Featured Mortgage Lenders

1

Vermont Federal Credit Union Mortgage Department

Vermont Federal Credit Union

★★★★☆
4.8/5

Vermont Federal Credit Union is consistently rated as one of Vermont's top mortgage lenders with exceptional local service. As a member-owned financial cooperative, they offer highly competitive rates and personalized mortgage solutions specifically tailored to Vermont homeowners. Their mortgage specialists have deep knowledge of Putney and surrounding Windham County real estate markets, providing local expertise that national lenders lack. They excel in customer service with streamlined application processes and strong community commitment, making them a preferred choice for Southern Vermont homebuyers seeking reliable, local mortgage financing.

Experience:15 years
Reviews:185 customer reviews
1 Scale Avenue, Rutland, VT 05701

Loan Types:

ConventionalFHAVAUSDAJumboFixed-rateAdjustable-rateConstructionRefinance
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2

M&T Bank Mortgage Services

M&T Bank

★★★★☆
4.6/5

M&T Bank maintains a strong physical presence in Southern Vermont with multiple branches serving the Putney area. They offer comprehensive mortgage products with particularly strong first-time homebuyer programs and competitive rate options. Their local loan officers understand the unique aspects of Vermont property financing, including rural properties common in Putney. With decades of experience serving Vermont communities, M&T provides the stability of a regional bank combined with personalized service. Customers consistently praise their responsive communication and smooth closing processes.

Experience:12 years
Reviews:320 customer reviews
100 Main Street, Brattleboro, VT 05301

Loan Types:

ConventionalFHAVAUSDAFirst-time homebuyer programsFixed-rateAdjustable-rateRefinance
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3

New England Federal Credit Union Mortgage Center

New England Federal Credit Union

★★★★☆
4.7/5

New England Federal Credit Union is one of Vermont's largest credit unions with extensive mortgage lending experience throughout the state, including dedicated service to Putney and Windham County. They offer exceptional member benefits including rate discounts for existing customers and flexible underwriting for unique property types. NEFCU's mortgage team specializes in Vermont-specific financing challenges and provides educational resources for homebuyers. Their construction-to-permanent loan programs are particularly valuable for Putney area buyers building new homes, and they consistently receive high marks for customer satisfaction and competitive pricing.

Experience:18 years
Reviews:275 customer reviews
141 Harvest Lane, Williston, VT 05495

Loan Types:

ConventionalFHAVAUSDAConstruction-to-permanentJumboFixed-rateAdjustable-rateRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Putney, VT

Are there any special mortgage programs for first-time homebuyers in Putney, Vermont?

Yes, the Vermont Housing Finance Agency (VHFA) offers several programs ideal for Putney buyers, including MOVE and ASSIST. These programs provide competitive interest rates, down payment assistance, and grants that can be particularly helpful given Putney's market. Eligibility often includes income limits and a homebuyer education course.

How does Putney's rural location and reliance on wells and septic systems affect the mortgage process?

It adds crucial steps. Lenders will require a satisfactory water quality test and a septic system inspection as a condition of the loan. If the well yield is low or the septic system fails, you may need to negotiate repairs with the seller or the loan could be denied, so budgeting for these inspections early is key.

What are typical property taxes for a home in Putney, and how do they impact my mortgage qualification?

Putney has a municipal property tax rate, which for the 2024 fiscal year is $1.5655 per $100 of assessed value. This is a significant factor in your total monthly payment (PITI). Your lender will use the estimated taxes to calculate your debt-to-income ratio, and it's wise to get a precise quote from the Putney Town Listers during your home search.

Are USDA Rural Development loans a viable option for mortgages in Putney, VT?

Absolutely. Most of Putney qualifies for the USDA Single Family Housing Guaranteed Loan Program, which offers 100% financing (no down payment). This is a major advantage for eligible buyers with moderate incomes looking at Putney's more rural properties, as it can make homeownership more accessible without a large upfront sum.

How does the seasonal and tourist economy in the Putney area affect mortgage approval for self-employed buyers?

Lenders will scrutinize income stability more closely. As a self-employed person (e.g., artisan, farmer, or hospitality worker), you'll typically need to provide two years of complete tax returns to show a consistent, averaged income. They may use a two-year average to account for seasonal fluctuations, so maintaining organized financial records is essential.

Nearby Cities

Explore mortgage lenders in cities near Putney, VT

Why Choose a Mortgage Lender in Putney?

Local Market Knowledge

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