Good Financing Option For Owner Occupiers Burlington Vermont

[Blair Knowles]

Hey all-- In talking with several lenders daily for my clients I wanted to share a cool loan program specific to Burlington Vermont. NBT bank has a portfolio loan called "Home in the City" that they offer to several cities across America. Burlington Vermont is one of them- through home in the city you can buy a duplex with 5% down and NOT PAY PMI on the loan EVER. This is far more exciting than the next best option and usual choice of owner occupiers of a first time duplex purchase--(FHA with 3.5% down and PMI for the LIFE OF THE LOAN). Shudder. 

My first property was bought in Burlington with FHA. If I had know about Home in the City I would have saved thousands (they don't do refinances-- trust me I asked)

I hope I can help one of you save thousands! I've worked with Christie Mitchell at NBT in downtown Burlington for my clients. She is great. Please feel free to tell her I sent you in her direction.