CHT Homeownership Loan
Terms
- $35,000 towards cost of home
- Can be used to cover down payment
- 0% interest
- No monthly payments – loan is repaid upon sale, refinance, or transfer of home
- Loan is administered by the Champlain Housing Trust
- Borrowers must contribute $2,500 towards closing costs
Eligibility
- Income limit is 120% of area median income
- Credit history and debt obligations are considered
- Vermod home must be either located in mobile home park/co-op OR replacing an existing home on owned land
- Applicants must complete HomeBuyer Education course at your local NeighborWorks HomeOwnership Center
Forms
Contact
Champlain Housing Trust
(802) 862-6244
Additional incentives, grants, or loan programs may be available depending on your location and eligibility.
