Mortgage Calculator — Vermont
Pre-filled with Vermont's average home price of $375000, property tax rate of 1.4%, and average insurance of $1300/year. Adjust any value below.
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Vermont Housing Market
Vermont saw dramatic demand increases during the pandemic as remote workers sought rural quality of life. Burlington's limited housing supply and popular ski destinations like Stowe push prices well above the regional norm.
Affordability in Vermont
Vermont's combination of high prices, high property taxes, and relatively low average wages creates significant affordability challenges for local buyers. Remote workers with out-of-state salaries have significant competitive advantages.
Key Markets
First-Time Buyer Programs in Vermont
MOVE Mortgage
Fixed-rate mortgage for first-time buyers, with income and price limits.
ASSIST Down Payment Assistance
0% deferred second loan toward down payment and closing costs.
Programs are run by the Vermont Housing Finance Agency (VHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Vermont
Vermont funds schools through a statewide education tax, so bills combine municipal and school rates. Income-based property tax credits for homesteads can lower them considerably. At Vermont's average effective rate of 1.4%, a $375,000 home pays roughly $5,250/year (about $438/month).
Vermont Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Vermont
Vermont's property transfer tax is paid by the buyer. It is 1.25% of the price in general, with reduced rates on the first portion of a primary residence and exemptions for qualifying first-time buyers using VHFA financing. A clean water surcharge also applies.
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