The Best Mortgage Lenders in Washington, VT
Compare verified mortgage lenders serving Washington, Vermont. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washington
Featured Mortgage Lenders
Vermont Federal Credit Union
Vermont Federal Credit Union
As one of Vermont's oldest and most trusted financial institutions, Vermont Federal Credit Union has been serving communities across the state for over eight decades. They maintain an exceptional reputation for personalized mortgage services with highly competitive rates and local underwriting decisions. Their mortgage specialists have deep knowledge of Washington and surrounding Orange County real estate markets, offering comprehensive guidance through the entire home financing process. Members consistently praise their responsive service, transparent communication, and commitment to finding the right mortgage solution for each borrower's unique situation.
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New England Federal Credit Union
New England Federal Credit Union
NEFCU has established itself as a premier mortgage lender throughout Vermont with a strong presence in central Vermont communities including Washington. They offer specialized local expertise with digital convenience, featuring online mortgage applications and tracking. Their mortgage team receives consistent praise for exceptional customer service, particularly for first-time homebuyers and those purchasing in rural areas. With competitive rates and numerous special loan programs tailored to Vermont residents, they provide comprehensive mortgage solutions backed by six decades of community banking experience and local market knowledge.
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Union Bank Mortgage Department
Union Bank
As Vermont's oldest community bank, Union Bank brings unparalleled local expertise and long-standing relationships throughout central Vermont, including Washington and Orange County. Their mortgage department operates with deep knowledge of the local real estate market and offers the personalized service of a community bank combined with comprehensive mortgage products. Customers consistently highlight their responsive loan officers, straightforward application process, and commitment to finding creative solutions for unique borrowing situations. With local decision-making and over 130 years of serving Vermont communities, they provide reliable mortgage services with exceptional customer care.
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Frequently Asked Questions
Common questions about mortgage lending in Washington, VT
Are there any special mortgage programs for first-time homebuyers in Washington, VT?
Yes, the Vermont Housing Finance Agency (VHFA) offers several programs, including the MOVE and ASSIST programs, which provide competitive rates and down payment assistance. These programs are particularly valuable in Washington, where the median home price in Caledonia County can be more accessible than in other parts of Vermont, making them a key resource for local buyers.
How do property taxes in Washington, VT, affect my mortgage payments?
Washington is in Caledonia County, which has a relatively moderate property tax rate compared to some Vermont resort towns. Your lender will calculate an escrow payment based on the town's current mill rate, which is around $1.70 per $100 of assessed value. This will be included in your monthly mortgage payment, so it's important to budget for this local cost.
What is the typical down payment needed for a home in Washington's rural market?
While 20% is standard to avoid PMI, many lenders in the area offer USDA Rural Development loans, which require 0% down for eligible properties in Washington's qualifying rural areas. Conventional loans with 3-5% down are also common, especially for the area's more affordable single-family homes and farmsteads.
Are there specific lenders familiar with the unique properties found in Washington, VT?
Yes, working with a local Vermont lender or credit union is highly recommended. They have experience appraising and financing the mix of historic homes, rural land, and older farm properties common in Washington. They understand local well and septic system requirements, which can be crucial for mortgage approval in this area.
How do mortgage rates in Washington, VT, compare to the national average?
Rates in Washington are generally aligned with national averages but can be influenced by the local lender market. Borrowers often find competitive rates through Vermont-based credit unions. Your specific rate will depend more on your credit profile and loan type, but there are no unusual city-specific premiums or discounts.
Nearby Cities
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Why Choose a Mortgage Lender in Washington?
Local Market Knowledge
Lenders who understand Washington'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 Washington and get competitive rates on your home loan.