FHA Loan Calculator for Vermont (VT) — Free Calculator

FHA Loans in Vermont

FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On Vermont's median home of $375,000, that's a minimum down payment of $13,100.

FHA Loan Limits in Vermont

FHA loan limits vary by county and are tied to conforming limits. In most Vermont counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. All Vermont counties are at the standard conforming limit.

FHA vs Conventional in Vermont

FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With Vermont's median home at $375,000, buyers who can put down $75,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.

Closing Costs

Vermont closing costs average $3,800. Vermont charges a property transfer tax of 1.25% of purchase price for properties over $100,000 (0.5% for the first $100,000). Principal residence rates are discounted. Overall closing costs are moderate for the Northeast. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

FHA Loan Calculator for Other States

Frequently Asked Questions

What is the FHA loan limit in Vermont?

FHA loan limits in Vermont are tied to conforming limits. The standard limit is $498,257; high-cost Vermont areas may qualify for up to $1,149,825. All Vermont counties are at the standard conforming limit.

What is the minimum down payment for an FHA loan in Vermont?

FHA requires 3.5% down with a 580+ credit score. On Vermont's median home of $375,000, that's $13,100. Budget an additional $3,800 for closing costs.

Are FHA loans good for first-time buyers in Vermont?

Yes. FHA loans are popular with Vermont first-time buyers due to low down payment requirements and flexible credit standards. The tradeoff is mandatory MIP (mortgage insurance premium) for the life of the loan on loans with under 10% down.

What are property taxes on FHA loans in Vermont?

Property taxes are included in your PITI payment regardless of loan type. Vermont's effective rate of 1.78% adds approximately $556/month to your FHA payment.