Vermont USDA Loan Rates, Closing Costs & Stats

Vermont

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Vermont USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Vermont averaged -0.22% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Vermont's average USDA mortgage closing costs are $5,345.

The average rate for the prior week (2024-11-22) was 6.28% and one month ago for the week of 2024-10-25, the average rate was 6.18%.

The average rate one year ago was 7.29%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.25%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Vermont USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Vermont level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Union Bank 7 5.96% $5,497
NORTHEAST HOME LOAN, LLC 3 6.17% $7,387
GUARANTEED RATE, INC. 1 6.08% $10,226
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $7,242
LOANDEPOT.COM, LLC 1 6.25% $14,677
MOVEMENT MORTGAGE, LLC 1 7.25% $8,569
Paramount Residential Mortgage Group, Inc. 1 5.63% $8,869
Bank of England 1 5.75% $10,821
UNITED WHOLESALE MORTGAGE, LLC 1 7.17% $6,978
Colonial Savings, F.A. 1 6.00% $7,181

The top Vermont USDA lender as defined by loan originations is Union Bank, with 7 USDA loans originated. Their average total fees are $5,497, which is $1,890 lower than the next largest lender, NORTHEAST HOME LOAN, LLC.

The lowest fee Vermont USDA lenders (with over 10 loans originated) are .

The lowest rate Vermont USDA lenders (with over 10 loans originated) are .