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Union Bank is the leading bank for home mortgage loans in Vermont. Since 1891, we have helped families and residents of Northern Vermont and New Hampshire become homeowners. Today, we are proud to continue that tradition by partnering with industry leaders to offer all types of mortgages to meet your needs. The US Department of Agriculture (USDA) recognized Union Bank as its Rural Development (RD) Home Loan Lender of the Year for Vermont for four consecutive years, 2013-2016. We strive to bring you the most competitive Vermont mortgage rates and a variety of home loan options including:

 
30 Year Fixed Rate
15 Year Fixed Rate
Jumbo
FHA 30 Year Fixed Rate
USDA RD 30 Year Fixed Rate
VA 30 Year Fixed Rate
VHFA 30 Year Fixed Rate
NHHFA 30 Year Fixed Rate
BUILD Loan
Home Equity Loans
Home Equity Line of Credit

Rates last updated on Wednesday, March 20, 2019

30 Year Fixed Rate

 

Enjoy the peace of mind that comes from knowing your home loan interest rate won't change. These interest rates are for primary and secondary residencies.  We also offer loans on investment properties, with a slightly higher APR.  The secondary market loan programs may assess additional fees based on the property type, loan purpose, credit scores and the value of the property in relation to the loan amount, which the Bank will pass on to the borrower.

  

Term: 30 years   Maximum Amount: $453,100
RatesAPRPointsPayment
3.875%4.091%2%$4.70
4.125%4.259%1%$4.85
4.375%4.425%0%$4.99

15 Year Fixed Rate

 

Pay off your mortgage faster while still enjoying a stable interest rate. These home loan  interest rates are for primary and secondary residencies. We also offer loans on investment properties, with a slightly higher APR. The secondary market loan programs may assess additional fees based on the property type, loan purpose, credit scores and the value of the property in relation to the loan amount, which the bank will pass on to the borrower.

 

Term: 15 years   Maximum Amount: $453,100
RatesAPRPointsPayment
3.375%3.755%2%$7.09
3.75%3.984%1%$7.27
3.875%3.961%0%$7.33

Jumbo
Looking for a larger mortgage that doesn't conform to current limits set by Freddie Mac and Freddie Mae!These interest rates are for primary and secondary residencies with a minimum loan amount of $453,100. The secondary market jumbo loan programs may assess additional fees based on the property type, loan purpose, credit scores and the value of the property in relation to the loan amount, which the Bank will pass on to the borrower.

Term: 30 years   Maximum Amount: $2,500,000
RatesAPRPointsPayment
4.75%4.819%0%$5.22

FHA 30 Year Fixed Rate

First-time buyers and those looking for a lower down payment option may appreciate the benefits of an FHA loan. partially insured by the Federal Housing Administration, this is a fixed rate mortgage loan that permits low down payments and up to 6% seller concessions.  You can also use gift funds for the entire down payment. This product has more liberal credit qualification guidelines than a standard conventional loan. Maximum loan amount varies by location. Other loan terms are available - 15 year, 20 year and 25 year. Click this link for your specific property location to determine the maximum loan amount.  https://entp.hud.gov/idapp/html/hicost1.cfm

Term: 30 years  
RatesAPRPointsPayment
3.875%4.932%0%$5.49

USDA RD 30 Year Fixed Rate

The Rural Development Loan Program is administered and insured by the United States Department of Agriculture. This is a USDA- guaranteed fixed rate mortgage that allows for 100% financing, as well as a 6% seller contribution for low and moderate income borrowers in approved rural areas. RD loans can be used to purchase a home or land to build on, as well as for repairs.

Term: 30 years  
RatesAPRPointsPayment
3.875%4.377%0%$5.04

VA 30 Year Fixed Rate

VA mortgages allow up to 100% financing for eligible military personnel and surviving spouses. The qualifying guidelines are more liberal than a standard conventional loan. Maximum financing can be obtained without private mortgage insurance. A Certificate of Eligibility is required. Other loan terms are available including 15 and 20 years.

Term: 30 years   Maximum Amount: $424,100
RatesAPRPointsPayment
3.875%4.116%0%$4.80

VHFA 30 Year Fixed Rate

Are you a first-time homebuyer in Northern Vermont? This loan is a special offering through the Vermont Housing Finance Agency. The program is designed for first time homebuyers and is subject to income and purchase price limits. The loan is for a term of 30 years. The payment is 'fixed', or level, for the life of the loan.  This type of loan may have a different structure depending on household size, target areas and multi-family homes. The owner must occupy the home. Please contact us for additional information.

Term: 30 years  
RatesAPRPointsPayment
4.75%4.831%0.25%$5.22

NHHFA 30 Year Fixed Rate

Are you a first-time homebuyer in Northern New Hampshire? This loan is a special offering through the New Hampshire Housing Finance Agency. The program is designed for first time homebuyers and is subject to income and purchase price limits. The loan is for a term of 30 years. The payment is 'fixed', or level, for the life of the loan.

Term: 30 years  
RatesAPRPointsPayment
4.625%5.336%0%$5.93

BUILD Loan

Looking for the best Vermont and New Hampshire rates on your construction project? Our construction loan has a great interest rate! Interest only payments are due during your construction term.  Once your house is finished your loan officer will assist you with the permanent financing loan.

Term: 8 months  
RatesAPRPointsPayment
6.79%8.19%0%$5.66

Home Equity Loans

Looking to renovate your home or put your hard-earned equity to work in other ways? Our Home Equity Loan has a fixed interest rate for a term up to 15 years.  Interest rates for our 10 year and 5 year term are even lower. Use it for home improvements, debt consolidation, or a big expense like college.

Term: 15 years  
RatesAPRPointsPayment
5.99%6.006%0%$8.43

Home Equity Line of Credit

Looking for flexible access to the equity in your home? The rate on our HELOC is fixed for six months then adjusts quarterly beginning in month six at the Wall Street Journal Prime Rate minus 0.25%. Interest payments are due during the 10 year draw period and payments are amortized over 10 years for the repayment period. 

Term: 20 years  
RatesAPRPointsPayment
4.5%4.5%0%$3.70


Learn more about the home mortgage loan options we offer and apply online. You can count on Union Bank to bring you the best Vermont and New Hampshire mortgage rates. Our friendly lending team is available at your nearest branch or loan center location in Berlin, Danville, Fairfax, Hardwick, Jeffersonville, Jericho, (coming in spring 2019) Johnson, Lyndonville, Morrisville, St. Albans, St. Johnsbury, Stowe, Groveton, Lincoln, Littleton, or North Woodstock to answer your questions and help you identify the best mortgage home loan for your situation and goals.


The Annual Percentage Rate (APR) is calculated based on a loan amount of $100,000 with a 20% down payment and the maximum term.