Lisa DiBernardo – Sr. Loan Officer – Vermont Mortgage Group LLC, NMLS #2551442
I’m very happy to explain everything to you—that’s part of what I do. If you want to get up to speed with some terminology, here are some common ideas.
purchasing or refinancing land? We have you covered with a land loan program to purchase or refinance open land, or for land development (land you are planning on building on).
This 15 year term is a fixed-rate loan and down payments range from 25% - 35%.
perfect for the self-employed or 1099 borrower for purchase or refinance of 1-4 unit primary residence, or investment property and 1 unit second home. Loans from $100,000 to $2 million.
12 - 24 months of bank statements are provided to the Lender where Underwriting reviews and determines the qualifying business deposits that will be utilized to calculate income.
for 1-4 unit Investment Property this loan does not require income verification. Instead the Lender calculates the rental income and monthly housing costs to qualify. Underwriters consider a number of factors to determine qualification including usage of funds, credit score of borrowers, number of units, gross rents and other.
for a Purchase or No-Cash-out Refinance of a 1-4 unit conventional loan for Primary Residences, 1 unit second home or 1 unit investment property to finance renovation costs.
is a fully amortizing mortgage loan where the interest rate and payment remain the same through the life of the loan. Terms from 15-30 years.
this type of home loan features an interest rate that changes after a fixed amount of time.
from over $750,000.00 and higher in some areas, our Jumbo lenders provide competitive terms and down payment as low as 10%
make your home ownership dreams come true with an FHA loan. Featuring flexible credit restrictions and down payment options as low as 3.5%, an FHA loan is a popular type of loan for first-time home buyers.
FHA 203K Renovation Loan: You want to buy a fixer-upper? No problem! With FHA's 203k renovation home loan you have that option.
enjoy exclusive military benefits with a VA loan. If you are a veteran or an active-duty service member, a VA loan offers less restrictive credit guidelines and NO down payment.
Home Ready & Home Possible programs for 1st time Buyers offer lower rates.