What is a Stated Income Mortgage?
Stated income home loans allow those who are self employed or do not have documentation of earned wages to state a wage on the mortgage application and qualify for a Vermont mortgage based on that stated income. The advantages of a stated income loan are that the borrower does not need to verify income and approval is generally faster than with traditional home loans. The disadvantages of this type of loan are that interest rates and the required down payments are often higher than with traditional Vermont home loans.
What is a First Time Buyer Loan?
Owning a home in the beautiful state of Vermont is a dream for many New Englanders but the home loan process can be daunting for many first time home buyers. Vermont Mortgage Refinance offers first time buyers with many home loan options designed just for first time buyers and assists the buyer in finding the best home loan for them. First time home buyer programs are intended to make obtaining a home loan more cost effective. These programs often offer lower interest rates, low down payments, or reduced taxes. Contact your Vermont mortgage broker to discuss the details of each option and begin to realize your dream of home ownership in Vermont.
Vermont Real Estate Information
At Vermont Mortgage Refinance we offer real estate information in Vermont and the cities within Vermont. Below is a brief list of some key areas where we offer our services. Please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at .
