Vermont Announces $5,000 Downpayment Assistance
Thanks to a bill just passed by large majorities in both houses and signed by the governor, the will soon be able to offer qualified first-time homebuyers a leg up in the form of a $5,000 “sleeping” loan.
The $5,000 assistance be in the form of a zero interest loan, with no payments. The loan is repaid when the homeowner sells their home or refinances.
In email correspondence with Brattleboro Buyer Brokerage, Seth Leonard, VHFA Homeownership Outreach Coordinator, wrote: