VHFA STAY Program – Vermont Homebuyer & Housing Assistance 2025

VHFA STAY Program is administered by the Vermont Housing Finance Agency (VHFA) or local municipal partners. It

targets first‑time buyers, veterans, rural households and special‑needs populations by offering tailored

assistance packages. Typical features include below‑market mortgage rates, forgivable second mortgages,

mortgage credit certificates, and funding for critical repairs or weatherization. The program also promotes

energy efficiency and long‑term affordability by integrating green building incentives and collaboration with

nonprofits like Habitat for Humanity. Participants receive ongoing counseling and support to ensure

successful, sustainable homeownership.

• Vermont resident or purchasing in Vermont

• Household income within program limits (usually ≤ 120% AMI)

• Minimum credit score 640 (varies)

• Homebuyer education certificate required

• Property must be owner‑occupied primary residence

• Competitive fixed‑rate first mortgages

• Up to $10,000 in down‑payment or closing‑cost assistance

• Mortgage Credit Certificate providing up to $2,000 annual tax savings

• Grants for accessibility or energy upgrades

• No private mortgage insurance on select products

1. Confirm eligibility using VHFA’s online tool

2. Complete a HUD‑approved homebuyer education course

3. Choose an approved Vermont lender and submit application

4. Lender locks rate and requests VHFA program reservation

5. Close on the home and receive assistance/grant funds