Mortgage rates in Vermont

Interest rates that don’t usually stray too far from the national average.

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The federal government has cut rates in the nation's response to COVID-19. Due to rapidly changing information, mortgage rates on this page are not up to date. Speak to a mortgage lender or broker for the most current rates for your state.

The average mortgage rate for a 30-year conventional loan is 4.632% in Vermont. Interest rates don’t vary too far across loan types and should skim the 4% mark in 2020.

How much do Vermont rates vary?

Average 30-year mortgage rates came in from 4.417% to 4.832% in 2018. Several conditions go into setting your mortgage rate, such as your credit history, the type of loan and the length of the loan. In Vermont, mortgage rates vary little between loan types.

2018 average rates in Vermont by loan type

Loan type15-year average rate30-year average rate

Conventional4.506%4.615%
FHA4.125%4.832%
VA4.000%4.665%
USDANot available4.417%

Rates based on data from ffiec.cfpb.gov.

For example, if you borrow a $235,000 30-year FHA loan at 4.832%, you can expect to pay $1,240 a month.

But if you can afford to pay about $500 more each month, a 15-year FHA loan comes with lower rates at 4.125%. Your monthly payment would go up to $1,750, but you could save $129,960 in interest over the course of the loan.

Mortgage rates in Vermont are expected to jump slightly over and under the 4% mark in 2020.

Historically, rates in Vermont will come in right around the national average. For example, average mortgage rates were an average 0.13% below the rest of the country between 2014 and 2016, and an average 0.12% higher in 2017 and 2018.

Bankrate chief financial analyst Greg McBride predicts US interest rates to stay steady at the 4% level in 2020.

Compare mortgage rates throughout Vermont

Depending on which county you’re in, mortgage rates, home values and loan amounts can differ in the Mountain State. For example homeowners in Chittenden County could pay almost $600 monthly more than residents in Essex County.

We sifted through data from the Home Mortgage Disclosure Act to figure out what you might pay for a 30-year fixed-rate mortgage within different counties in Vermont. These numbers don’t include any taxes, insurance, or fees that are unique to your loan.

CountyAverage mortgage rateMedian loan amountEstimated monthly cost

Addison County4.621%$215,000$1,100
Bennington County4.712%$175,000$900
Caledonia County4.676%$145,000$750
Chittenden County4.556%$255,000$1,300
Essex County4.640%$125,000$640
Franklin County4.579%$185,000$950
Grand Isle County4.592%$225,000$1,150
Lamoille County4.654%$205,000$1,060
Orange County4.688%$165,000$850
Orleans County4.726%$145,000$750
Rutland County4.658%$135,000$700
Washington County4.675%$185,000$960
Windham County4.624%$175,000$900
Windsor County4.655%$175,000$900

Rates and amounts based on data from ffiec.cfpb.gov.

How to get the best mortgage rate in Vermont

Put these tips to work to qualify for a better rate on your next mortgage.

  1. Look at different loan programs. Lenders typically have a range of loans to choose from, all with slightly different interest rates. Look at all your options and see which programs you may qualify for.
  2. Polish your credit profile. Lenders are looking for borrowers with a solid credit history. Pay down any existing debts and increase your credit score to become a more attractive borrower, which may qualify you for a lower rate.
  3. Remember closing costs. Some lenders offer a low rate for your mortgage but have really high closing costs. Vermont lenders usually charge anywhere from 1.18% to 1.48% of the sale price of the home in closing costs. Weigh your interest rate and closing costs together to see the full cost of a loan.

Historical mortgage interest rates in Vermont

Compare other mortgage lenders

Name Product Min. credit score State availability Loans offered
Axos Bank
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Available in all states
Conventional, Refinance, Jumbo, Home Equity, Fixed, Adjustable, FHA, VA, USDA
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Better.com
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Not available in: HI, MA, MN, NV, NH, VT, VA
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Online preapproval in minutes and no origination fees with this direct lender.
Credible
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LoanDepot
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A nontraditional lender offering impartial guidance on a range of loans.
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Compare up to 4 providers

Bottom line

While interest rates in Vermont tend to be around the national average, lenders decide their own rates. To ensure you are getting the best deal possible, compare loan products and lenders.

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