Vermont Refinance Rates & Programs 2026

Vermont homeowners benefit from moderate refinancing costs and no state mortgage tax. From Burlington to Montpelier across the Green Mountain State, here's what you need to know.

Current Vermont Refinance Rates

| Loan Type | Average Rate | |-----------|--------------| | 30-Year Fixed | 6.22% | | 15-Year Fixed | 5.54% | | FHA 30-Year | 6.17% | | VA 30-Year | 5.50% |

Use our refinance calculator.

Vermont-Specific Programs

Vermont Housing Finance Agency (VHFA)

• VHFA ASSIST down payment assistance
• If you used assistance, check subordination before refinancing
• Mortgage Credit Certificates available

USDA Refinancing

Much of Vermont qualifies for USDA loans outside Burlington, South Burlington, and Rutland.

Rural Property Considerations

Vermont has many rural properties with acreage, wells, septic, and older construction. Work with Vermont-experienced lenders.

Cost of Refinancing

Moderate costs:

| Cost Item | Typical Amount | |-----------|---------------| | Origination | $0 - $2,200 | | Appraisal | $500 - $700 | | Title | $800 - $1,300 | | Recording | $50 - $100 | | Attorney (optional) | $500 - $1,000 | | Total | $4,000 - $7,000 |

No state mortgage tax.

When to Refinance

Refinance if rates dropped 0.75%-1.0%, eliminate PMI, or consolidate debt.

FAQ

How long? 30-45 days. Rural properties may take longer. Property taxes change? No. VT has high property taxes but refinancing doesn't trigger reassessment. Can I refinance older/rural property? Yes. VT lenders familiar with older construction, wells, septic. Credit score? 580 FHA, 620 conv, 740+ best. Keep VHFA MCC? Yes, with participating lender.

Bottom Line

VT's moderate costs make refinancing attractive when rates drop 0.75%-1.0%.

Get quote: See rates.

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Author: Bill McCoy, 15 years experience.